Oct. 15, 2009 (Filing Services Canada) --
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 provide an update from ongoing exploration at the Dogpaw, McLennan and Dubenski properties. These properties are part of eight contiguous properties forming the Company's West Cedartree Gold Project near Kenora.
"The newly generated gold targets at Dogpaw and at the Robertson Occurrence continue to enhance the potential of the West Cedartree Gold Project," said E. Grayme Anthony, President and Chief Executive Officer. "The presence of gold at the Robertson Occurrence proves that gold mineralization has occurred over at least a 1 km section of the 6 km long Angel Hill Trend. As a next step in our exploration plan we are moving forward with mechanized stripping of the showing to allow us to further evaluate its gold potential. We have already noted many similarities with the vicinity of the Angel Hill gold resource."
Two new veins at Dogpaw have been located 450 metres northeast of the No. 4 Vein. The No. 5 Vein is a quartz carbonate alteration zone up to a half metre thick and traceable for 30 metres (98 ft.). Preliminary sampling yielded 3.88 g/t gold (0.113 oz/st) and 4.79 g/t gold (0.140 oz/st). The No. 6 Vein is a 25 metre (82 ft.) long 0.30 to 0.50 metre thick quartz carbonate alteration zone that assayed 10.49 g/t gold (0.306 oz/st) in a grab sample. Preliminary channel samples returned 3.61 g/t over 0.65m (0.105 oz/st over 2.13 ft.) and 13.88 g/t gold over 0.55m (0.405 oz/st over 1.80 ft.). The vicinity of these vein systems has now been stripped, washed and sampled. A total of 70 channel samples have been shipped from the Dogpaw Vein No. 6 and a second shipment of 117 channel samples from the Vein No. 5 is anticipated for next week.
An historic gold showing, the Robertson Occurrence has been rediscovered by Houston Lake prospectors along the Angel Hill trend approximately 1.4 km (0.84 miles) to the south of the Angel Hill gold resource. The gold showing is located proximal to the most prominent IP chargeability anomaly in the southern extreme of the 3.3 km (1.98 mile) long IP survey trend. The Robertson occurrence is marked by a series of trenches and pits. Grab samples assayed 1.63 to 1.98 g/mt gold from the trenches and contains features similar to that at the Angel Hill gold resource. A second area also returned 1.90 and 3.05 g/mt gold in grab samples. Mechanized stripping of these showings is currently underway.
The updated NI 43-101 report for the Dubenski Shaft Zone extension is in progress. Houston Lake has commissioned P&E Mining Consultants Inc. of Brampton, Ontario for the resource calculation component of the report while Independent Consulting Geologist Brian McKay, P. Geo., acts as the principle author. The report is expected to be completed in next few weeks.
All samples reported were shipped to TSL Laboratories, an ISO accredited facility, of Saskatoon, Saskatchewan. Samples taken from the core of the mineralized zone were analyzed utilizing a screen metallic assay method. This methodology provides a higher level of assurance by testing a large quantity of sample (1,000g) and by monitoring the size distribution of the gold. Samples taken from the shoulders of the mineralized zone 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.
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, it 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.
Dean R. Cutting, P. Geo., an independent consulting geologist, and E. Grayme Anthony, P. Geo., company president, 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 35,957,638 common shares issued and outstanding. For additional information, please visit us at www.houstonlakemining.com.
Houston Lake Mining In Canada: Linx Partners Ltd.
E. Grayme Anthony P.Geo., MBA Wanda Cutler Tel: 416-603-4646
President and CEO
Tel: 705-897-7622 In United States: ICS
Fax: 705-897-7618 George Duggan Tel: 818-542-6880
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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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