Houston Lake Mining Provides Exploration Update On PDF Print E-mail

Commits to a Third Year on the Dubenski Property Option
Releases Preliminary IP Results Indicating a Strong Conductive Anomaly
Associated with Dubenski Shaft Zone Gold Resource

Sudbury, Ontario – April 30, 2009 – Houston Lake Mining Inc. (TSX.V: HLM), an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, is pleased to report the Company has made a cash payment of $100,000 to commence the third year of the 10-year, $4.5 million option to earn a 100% interest in the Dubenski property, subject to a 2.5% Net Smelter Royalty. Dubenski is one of eight contiguous properties forming the Company’s West Cedartree Gold Project near Kenora. The other seven properties are now 100% owned, with Net Smelter Royalties ranging from 0 to 2.5%.

“The acquisition of the Dubenski property has complemented our other properties at West Cedartree to such an extent that it has become our main focus,” said E. Grayme Anthony, President and Chief Executive Officer. “This past year we defined a significant gold resource and conducted two drill programs that extended the strike length of the gold mineralization by five times to over 315 metres (1,033 ft.). Yet our IP data confirms that this effort has only scratched the surface and the potential of the property.”

Last year’s reconnaissance Gradient Array IP geophysical survey identified a 1.7 km (5,576 ft.) long IP chargeability anomaly (Dubenski Mineralized Zone or DMZ). The DMZ encompasses the Shaft, Central and East Gold Zones on the property. A detailed Pole-Dipole (PDP) Array spanning a 900 metre (2,952 ft.) portion of the Gradient Array complemented this coverage. Nine Quantitative Sections were completed in the course of this work. The IP surveys were carried out by Matrix GeoTechnologies Ltd. of Toronto, Ontario.

Preliminary results have been received from a follow up detailed PDP Array that was completed in January and February of 2009. Nine additional Quantitative Sections were added to infill the sections completed last year. The survey covered 900 metres along the strike and 700 metres wide to a depth of 450 metres (2,952 ft. by 2,296 ft. by 1,476 ft.). Three subparallel IP chargeability trends were depicted. Trend 1 corresponds to the DMZ and is 900 metres (2,952 ft.) long open in both directions. Trend 2 lies approximately 150 metres (492 ft.) south of Trend 1 and extends for 700 metres (2,296 ft.). Trend 3 lies approximately 150 metres (492 ft.) south of Trend 2 and extends for 700 metres (2,296 ft.). All three IP anomalies are continuous and are open to depth.. The chargeability responses associated with the resistivity anomaly at Dubenski appear to strengthen with depth and may indicate the possible down plunge extension of the Shaft Zone mineralization on the property.

“While IP responses are not a proxy for gold values, the IP geophysical method has proven to be an effective exploration tool elsewhere on the West Cedartree project,” said Grayme Anthony, President and CEO. “Thus far our Phase II and Phase III drill programs have been successful in drilling targets associated with the geophysically defined trend. This information and experience gives us added confidence in planning future drill programs along the DMZ.”

Results from the remaining 9 holes of an 18 hole, 2,000 metre (6,560 ft.) Phase III drill program are pending. Once received, a updated resource calculation is planned for the Dubenski Shaft Zone. Compilation work is planned to integrate geological, geochemical, geophysical and drilling data as a prelude to further drilling.

Results from a downhole geophysical survey at Dogpaw as well as expanded IP coverage of the Dogpaw and Angel Hill trends are expected in the next few weeks. A summer program of geological mapping and trenching and stripping is planned to begin in several weeks at West Cedartree.


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)
(uncapped)
Ounces
(uncapped)
Au (g/t)
(capped)
Ounces
(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 .

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 have been reported and succeeded in extending this zone to 315 metres (1,033 ft.) along strike. 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.


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.

E. Grayme Anthony, P. Geo., President of the Company, is the Qualified Person 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 34,257,638 common shares issued and outstanding. For additional information, please visit us at www.houstonlakemining.com.

Company Contacts

Houston Lake Mining
In Canada:             Linx Partners
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
 

 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.

www.houstonlakemining.com


 
   
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