Drilling Extends Gold Mineralization To Over 365 Metres On Houston Lake Mining’s Dubenski Property PDF Print E-mail

47 of 53 Drill Holes Encounter Grades of 3.50 g/t Gold or Higher

Drill Hole 50 Intersects 1.05 Metres Grading 21.69 g/t Gold

Sudbury, Ontario – May 12, 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 announce results from 5 more holes of an 18 hole, 2,000 metre (6,560 ft.) Phase III diamond drill program conducted on the Company’s 100 percent optioned Dubenski Property located near Kenora, Ontario (see Table 1). Fire assay results from the last 4 drill holes of the drill program are expected in the next several weeks.

"Drilling has intersected gold for the full length tested of 365 metres (1,197 feet) in the Dubenski Mineralized Zone,” commented E. Grayme Anthony, President and Chief Executive Officer. “We’ve extended the gold mineralization by a factor of six times since our Phase I drilling and the mineralization remains open along strike and to depth.” He continued, “Dubenski has become one of our most important and promising gold zones on the West Cedartree property. Of particular interest to us is that these results show high grades from a new area on Dubenski, meaning we now have high grade gold mineralization over the full strike length. We look forward to adding to our existing gold resources given the positive results from these successful drill programs.”

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

Drill Hole
Number
From
(m)
To
(m)
Intercept
(m)
Gold
(g/mt)
Intercept
(ft)
Gold
(oz/st)
DB-09-49
30.50
32.00
1.50
1.89
4.92
0.055
Also
99.40
105.20
5.80
1.08
19.02
0.031
Incl.
104.80
105.20
0.40
4.94
1.31
0.144
DB-09-50
23.35
24.40
1.05
21.69
3.44
0.633
Also
65.75
81.25
15.50
1.42
50.84
0.041
Incl.
70.00
79.30
9.30
1.85
30.50
0.054
Incl.
70.00
72.60
2.60
3.64
8.53
0.106
Incl.
70.00
70.90
0.90
7.15
2.95
0.209
DB-08-51
148.50
164.40
15.50
0.86
50.84
0.025
Incl.
161.00
164.40
3.40
1.69
11.15
0.049
Incl.
163.00
164.00
1.00
2.90
3.28
0.085
DB-09-52
123.50
151.65
28.15
1.58
92.33
0.046
Incl.
137.50
150.85
13.35
2.15
43.79
0.063
Incl.
143.00
146.50
3.50
4.62
11.48
0.135
Incl.
143.00
144.00
1.00
7.92
3.28
0.231
DB-09-53
84.50
116.15
31.65
1.40
103.81
0.041
Incl.
113.20
116.15
2.95
4.09
9.68
0.119
Incl.
114.00
116.15
2.15
5.11
7.05
0.149
Incl.
114.80
115.50
0.70
10.79
2.30
0.315

Drill holes DB-09-49 and DB-09-50 are the first holes to test the Far East Zone. Drill holes DB-09-51 and DB-09-52 evaluate the East Zone while DB-09-53 targets the Central Zone. In all 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. Results from a total of 266 drill core samples were returned with values ranging from trace to 21.69 g/mt gold (0.633 oz/st Au). Drill hole DB-09-53 recorded the widest core length intercept of 31.65 metres grading 1.40 g/mt gold (103.81 feet grading 0.041 oz/st Au) while drill hole DB-09-50 recorded the highest grade of 21.69 g/mt gold over 1.05 metres (0.633 oz/st Au over 3.44 feet). Results from a total of 144 drill core samples are pending.

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

Drill Hole Number4
Northing
(Metres)
Easting
(Metres)
Collar Dip
(Degrees)
Azimuth
(Degrees)
Drill Hole
Length
DB-09-49
1965.0
2560.0
-45.0
360
116 m
380.48 ft
DB-09-50
2002.0
2600.0
-45.0
360
92 m
301.76 ft
DB-09-51
1929.0
2535.0
-60.0
360
173 m
567.44 ft
DB-09-52
1952.0
2565.0
-60.0
360
161 m
528.08 ft
DB-09-53
1949.0
2435.0
-60.0
360
137 m
449.36 ft


The above table illustrates collar locations for the five 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.

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). Fourteen of 18 Phase III drill holes have been reported and succeeded in extending this zone to 365 metres (1,197 ft.) along strike. A further 1,335 metres (4,379 feet) of strike length of the Dubenski Mineralized Zone, a 1,700 metre (5,576 foot) long corridor of high IP chargeability, has yet to be 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.

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 34,257,638 common shares issued and outstanding. For additional information, please visit us at www.houstonlakemining.com.

Company Contacts

Houston Lake Mining
In Canada: Linx Partners 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

Forward-looking Statements

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.

www.houstonlakemining.com

 
   
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