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Houston Lake Mining Inc. (HLM)
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Jun 19, 2013, 10:00 PM EDT
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Houston Lake Mining Drills 16 Metres Grading 6.44 g/t Gold at the Dubenski Property

Gold Mineralization Now Verified in Drilling for 315 Metres along Strike

Fire Assay Results Pending on another 410 Drill Core Samples


Sudbury, Ontario CANADA, April 20, 2009 /FSC/ - Houston Lake Mining Inc. (HLM - TSX Venture, HLKMF - OTCBB_Pink_Sheets), an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, is pleased to announce results from the first 9 holes of an 18 hole, 2,000 metre (6,560 ft.) Phase III diamond drill program from the Company's 100 percent optioned Dubenski Property located near Kenora, Ontario (see Table 1). Another 410 drill core samples have been shipped for fire assay analysis to complete the current program. Results are expected in 6 to 8 weeks.

"Drilling has confirmed the extension of the Dubenski Mineralized Zone for 315 metres with gold results pending on additional 50 metres of strike length," commented E. Grayme Anthony, President and Chief Executive Officer. "It now appears that the Shaft, Central and East Zones may form one large and continuous gold mineralizing system. which has tremendous implications for adding tonnage at Dubenski. Based on our Phase II and III drilling results we will be updating the resource calculation."

Table 1. 2009 Core Length Drill Hole Intercepts, Dubenski Mineralized Zone

-***-

Drill Hole          From      To     Intercept  Gold  Intercept  Gold
  Number             (m)      (m)       (m)    (g/mt)   (Ft)    (oz/st)
----------------------------------------------------------------------
DB-09-40           55.50    70.20     14.70    1.41    48.22   0.041
           Incl.    66.00    69.10      3.10    3.31    10.17   0.097
           Incl.    66.00    66.80      0.80    6.53     2.62   0.190

DB-09-41         133.60   151.30      17.70    1.12    58.06   0.033
           Incl.  148.50   151.30       2.80    3.33     9.18   0.097
           Incl.  148.50   149.50       1.00    5.37     3.28   0.157

DB-09-42          19.00     31.00     24.50    0.84    39.37   0.025
           Incl.   25.80     31.00      5.20    1.57    17.06   0.046
           Incl.   25.80     26.70      0.90    2.73     2.95   0.080

DB-09-43          19.60     31.30     11.70    1.36    38.38   0.040
           Incl.   26.30     31.30      5.00    2.08    16.40   0.061
           Incl.   26.30     27.30      1.00    4.05     3.28   0.118

DB-09-44          15.00     27.00     12.00    1.25    39.36   0.037
           Incl.   17.00     18.00      1.00    2.39     3.28   0.070
            Also   22.10     27.00      4.90    1.59    16.07   0.046

DB-09-45            8.20    25.40     17.20    2.52    56.42   0.074
           Incl.     8.20    17.00      8.80    3.97    28.86   0.116
           Incl.     8.20    13.50      5.30    6.04    17.38   0.176
           Incl.     8.20    11.00      2.80   11.21     9.18   0.327
           Incl.     8.20     9.00      0.80   36.71     2.62   1.071

DB-09-46          41.85     52.85     11.00    1.27    36.08   0.037
           Incl.   41.85     44.30      2.45    3.11     5.08   0.091
           Incl.   41.85     42.60      0.75    6.29     2.46   0.183

DB-09-47          73.10    112.00     38.90    2.79   127.59   0.081
           Incl.   73.80     89.80     16.00    6.44    52.48   0.188
           Incl.   81.00     89.25      8.25   10.89    27.06   0.318
           Incl.   81.00     85.00      4.00   17.19    13.12   0.501
           Incl.   82.00     83.00      1.00   35.25     3.28   1.028

DB-09-48         140.40    148.70      8.30    1.03    27.22   0.034
           Incl.  147.30    148.70      1.40    3.73     4.59   0.109
           Incl.  147.30    147.55      0.25    7.29     0.82   0.213

-****-

Drill hole DB-09-40 is the first hole to test the Central Zone while DB-09-41 is the first to test the East Zone. In both cases, the gold mineralization coincides with highly altered rocks strikingly similar to that encountered in Phase I and Phase II drilling of the Shaft Zone. Holes DB-09-42 to DB-09-48 were designed both to infill drill sections and to further extend the Shaft Zone. Results from a total of 290 drill core samples were returned with values ranging from trace to 36.71 g/mt gold (1.071 oz/st Au). Drill hole DB-09-47 recorded the best intercept of 16.00 metres grading 6.44 g/mt gold (52.48 feet grading 0.188 oz/st Au) and including 4.00 metres grading 17.19 g/mt gold (13.12 feet grading 0.501 oz/st Au). A total of 410 drill core samples have been sent for fire assay and results are pending.

-***-

    Table 2. Collar Locations for 2009 Drill Holes, Dubenski Property.

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Drill Hole  Northing  Easting  Collar Dip  Azimuth      Drill Hole
Number     (Metres)  (Metres) (Degrees)  (Degrees)       Length
-------------------------------------------------------------------------

-------------------------------------------------------------------------
DB-09-40     1959.0    2450.0    -60.0       360      125 m  410.00 ft
------------------------------------------------------------------------
DB-09-41     1942.0    2550.0    -60.0       360      161 m  528.08 ft
-------------------------------------------------------------------------
DB-09-42     1985.0    2430.0    -45.0       354       68 m 223.04 ft
-------------------------------------------------------------------------
DB-09-43     1986.0    2450.0    -45.0       354       76 m 249.24 ft
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DB-09-44     1992.5    2365.0    -45.0       354       59 m 193.52 ft
-------------------------------------------------------------------------
DB-09-45     1988.5    2415.0    -45.0       354       53 m 173.84 ft
-------------------------------------------------------------------------
DB-09-46     1941.0    2250.0    -45.0       354       92 m 301.76 ft
-------------------------------------------------------------------------
DB-09-47     1945.0    2235.0    -45.0       360      125 m  410.00 ft
-------------------------------------------------------------------------
DB-09-48     1965.0   2560.0     -45.0       360      167 m  547.76 ft
-------------------------------------------------------------------------

-****-

The above table illustrates collar locations for the first nine holes of the program. The holes were drilled at 45 and 60 degrees and the results are reported as core lengths. True widths are assumed to be respectively 70.7 and 50.0 percent of the reported core lengths.  

Drilling by Houston Lake in winter of 2008 has defined the Shaft Zone for a strike length of 60 metres (197 feet) and to a depth of approximately 100 metres (328 feet). Phase II drilling has traced the gold mineralized rocks of the Shaft Zone for a total strike length of 170 metres (557 feet). Nine of 18 Phase III drill holes were planned to complete drill sections initiated in Phase II drilling and succeeded in extending this zone to 215 metres (705 feet) along strike. The Phase III drill program also initiated investigation of the Central, East and Far East Zones. Over 365 metres (1,197 feet) of strike length of the Dubenski Mineralized Zone, a 1,700 metre (5,576 foot) long corridor of high IP chargeability, has now been tested.

About the Dubenski Property

The Dubenski property is one of eight contiguous properties comprising the Company's 100% owned and optioned 1,674 hectare (4,135 acre) West Cedartree Gold Project located near Kenora, Ontario. The project area encompasses three zones hosting gold resources at Angel Hill (NI 43-101 compliant), Dogpaw Lake No. 1 Vein (historic) and Dubenski Shaft (NI 43-101 compliant).

The Dubenski property contains an historic resource which was reported to extend to a depth of 150m (492 ft.) and includes the Shaft, Central and East Zones. Consulting geologists Watts Griffis and McOuat (WGM) of Toronto were contracted to carry out a technical review of the Dubenski Property and design and supervise a definition drilling program in order to prepare a NI 43-101 compliant Mineral Resource estimate for the Dubenski Shaft Zone portion of the historic gold resource (see Company Press Release dated January 16, 2009).  The categorized Mineral Resources at a 1.0 g Au/t cutoff are:

       Table 2. Summary of Shaft Zone Mineral Resource Estimate
                       (Cutoff of 1.0 g Au/t)

-***-

---------------------------------------------------------
Category  Tonnes   Au (g/t)    Ounces   Au (g/t)  Ounces
                  (uncapped) (uncapped) (capped) (capped)
---------------------------------------------------------
Indicated 177,400    7.32      41,750     5.97    34,050
Inferred  118,700    5.63      21,500     5.02    19,150
---------------------------------------------------------

-****-

Notes: Au is capped at 50 g/t, assumed gold price was US$650/ounce

The NI 43-101 report is now available at www.sedar.com and at the Company's website at www.houstonlakemining.com.

Due Diligence

All samples reported were shipped to TSL Laboratories, an ISO accredited facility, of Saskatoon, Saskatchewan.  Samples were analyzed by fire assay utilizing a 50 gram charge.  All samples were assayed with an AA finish and those samples assaying above 3 g/mt gold were retested utilizing a gravimetric finish.  The samples will also be re-checked at a second qualified laboratory in keeping with the Company's standard due diligence procedures.

Bryan McKay, P. Geo., Independent Consulting Geologist and E. Grayme Anthony, P. Geo., President of the Company, are the Qualified Persons under the guidelines of NI 43-101 for the technical aspects of this news release.

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 34,147,638 common shares issued and outstanding.  For additional information, please visit us at www.houstonlakemining.com.

Company Contacts

Houston Lake Mining              In Canada:        Linx Partners Ltd.
Grayme Anthony  P.Geo., MBA      Wanda Cutler
President and CEO
Tel: 705-897-7622                In United States: ICS          
Fax: 705-897-7618                George Dugga      Tel: 818-542-6880
ganthony@vianet.on.ca  

Forward-looking Statements

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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