Houston Lake Mining Completes Drill Program On West Cedartree Gold Project
Assay Results Pending From 275 Dogpaw Drill Core Samples
Summer Exploration Program Begins At West Cedartree
Sudbury, Ontario CANADA, May 27, 2008 /FSC/ - Houston Lake Mining Inc. (HLM - TSX Venture, HLKMF - OTCBB_Pink_Sheets), is pleased to report it has completed the second half of a 5,008 metre (16,426 ft.) diamond drill program on its West Cedartree Gold Project. As the Company awaits assay results, it has begun a new summer exploration program at West Cedartree.
The second half of the spring 2008 program was initiated in February and comprised 3,209 metres (10,526 ft.) of diamond drilling. The delineation drilling initiative included 34 drill holes, which mainly targeted the vicinity of the No. 1 Vein on the Dogpaw Lake property. A total of 275 drill core samples have been shipped to TSL Laboratories in Saskatoon and results will be announced when they become available.
"We eagerly await the results from the Dogpaw portion of the drill campaign," said Grayme Anthony, President and CEO. "We are very encouraged by the fact that every drill hole hit its intended target."
The Dogpaw Lake property forms part of the Company's 100% owned and optioned 1,674 hectare (4,135 acre) West Cedartree Project, located near Kenora, Ontario. The project area encompasses four mineralized zones, of which three host gold resources at Angel Hill (NI 43-101 compliant), Dogpaw Lake No. 1 Vein (historic) and Dubenski Shaft (historic). The drilling began in early January and was aimed at upgrading the historic resources at Dubenski (Part 1) and Dogpaw Lake (Part 2). The completion of these resource estimates is an important step toward Houston Lake's goal of justifying an onsite mill.
Drilling of the Dogpaw Lake portion was completed on May 25. The first four holes comprised 344 metres (1,129 ft.) and targeted the southern extension of the McLennan Zone. The remainder constituted 30 holes and 2,865 metres (9,397 ft.) of drilling and targeted the vicinity of the Dogpaw Vein No. 1 historic resource of 54,011 tonnes grading 15.43 g/mt gold (59,240 short tons grading 0.45 oz/st Au). Fifteen of these drill holes focused on delineating the Dogpaw No. 1 Vein while the other 15 extended Dogpaw No. 2 Vein to depth and along strike. The No.2 and No. 4 Veins may be the lateral extensions of the Vein No. 1 system.
A summer program of geological mapping and trenching and stripping has begun at West Cedartree. Geological mapping has commenced and targets gabbro that is host to the Angel Hill, Dogpaw Vein No. 1 and the McLennan zones. Trenching, stripping and channel sampling has begun to further expand the stripping work carried out last fall over Vein No. 4. Several other vein systems are also slated for stripping and sampling.
The first part of the 5,008 metre drill campaign comprised a 17 hole, 1,798.6 metre (5,899.4 foot) program. The program targeted a portion of the Dubenski Shaft Zone historic resource of 355,286 tonne grading 6.32 g/mt gold (322,310 tons averaging 0.184 oz/st gold). Independent consulting geologists Watts Griffis and McOuat Ltd. (WGM) supervised the Dubenski drill program and Houston Lake has contracted WGM to complete a National Instrument 43-101 resource calculation on the Dubenski historic resource. All of the initial gold assay results have been received and reported upon. A total of 42 gold metallic screen fire assays and 232 multi-element analyses are planned to augment the initial gold results. Additionally, 100 pulp samples will be rechecked at a second laboratory as part of the due diligence procedure.
Houston Lake is currently raising funds to continue its aggressive exploration programs aimed at defining and expanding the vein systems at Dogpaw and testing the down plunge extension of the Dubenski Shaft Zone.
All samples reported have been analyzed by fire assay with a 50 gram charge at TSL Laboratories, an ISO accredited facility in Saskatoon, Saskatchewan. All samples were assayed with an AA finish and those samples assaying above 3 g/mt gold were retested utilizing a gravimetric finish.
The tonnages, grades, assays and other technical data are taken from historical records prior to the implementation of NI 43-101. While the data are believed to have been acquired, processed and disclosed by persons believed to be technically competent, that is unverifiable at present.
A qualified person as defined under NI 43-101 has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Houston Lake is not treating the historical estimates as current mineral resources or mineral reserves as defined in NI 43-101 and the historical estimate should not be relied upon.
Independent Consultant Dean R. Cutting, P. Geo., is the Qualified Person for the project under the guidelines of NI 43-101 and has reviewed this news release in its entirety.
About Houston Lake Mining Inc.
Houston Lake is an advanced, vertically integrated resource exploration company. The Company is actively exploring for gold, platinum group metal and rare metal deposits in northwestern Ontario with a strategic focus on the West Cedartree gold project. Houston Lake's objective is to become a gold producer by surface mining its West Cedartree gold project and developing its 100% owned and optioned properties. The Company has a total of 28,895,746 common shares issued and outstanding. For additional information, please visit us at www.houstonlakemining.com.
Houston Lake Mining E. Grayme Anthony P.Geo., MBA President and CEO
Tel: 705-897-7622 Fax: 705-897-7618 firstname.lastname@example.org
Linx Partners Ltd. Wanda Cutler Tel: 416-303-6460
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings what are available at www.sedar.com.
Source: Houston Lake Mining Inc. (TSX-V: HLM) (Pink Sheets: HLKMF) http://www.houstonlakemining.com
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