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Channel Sampling Yields 4.31 g/t Gold over 5.50 m at Dogpaw Vein No. 4
Preliminary Sampling Returns Up to 13.88 g/t Gold from Veins No. 5 & 6
Resource Calculation Commenced for Dubenski Shaft Zone Extension
Sudbury, Ontario – August 18, 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 provide assay results from new channel sampling over the No. 4 Vein on its Dogpaw Lake property. Dogpaw is one of eight contiguous properties forming the Company’s West Cedartree Gold Project near Kenora.
“The No. 4 Vein represents a potential third addition to the Dogpaw gold resource,” said E. Grayme Anthony, President and Chief Executive Officer. “New sampling has added significantly to the width of the gold mineralization. The Dubenski Shaft Zone resource has been extended from 60 to 365 metres and an updated resource calculation is underway. Given the results from our recent drilling and sampling at Dogpaw and Dubenski, I believe that our goal of defining sufficient gold resources to justify an on-site mill at West Cedartree is eminently achievable.”
Table 1. Summer 2009 No. 4 Expanded Vein Channel Sample Results - Main Trend
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Channel Sample Cut,
2 Metre Intervals
From NE to SW
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Width in
Metres
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Gold
(g/mt)
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Width in
Feet
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Gold
(oz/st)
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.
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Line 10
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7.30 m.
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1.54
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23.94 ft.
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0.045
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Incl.
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3.70 m.
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2.55
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12.14 ft.
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0.075
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Incl.
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2.00 m.
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3.68
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6.56 ft.
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0.107
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Incl.
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0.60 m.
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9.84
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1.97 ft.
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0.287
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|
|
|
|
.
|
|
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Line 11
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6.00 m.
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2.14
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19.68 ft.
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0.062
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Incl.
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3.40 m.
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3.55
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11.15 ft.
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0.104
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Incl.
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2.50 m.
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5.35
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8.20 ft.
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0.156
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Incl.
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1.10 m.
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7.41
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3.61 ft.
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0.216
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|
|
|
|
.
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|
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Line 12
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5.50 m.
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4.31
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18.04 ft.
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0.126
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Incl.
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1.10 m.
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8.20
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3.61 ft.
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0.239
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Incl.
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0.20 m.
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18.96
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0.66 ft.
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0.552
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Also Incl.
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1.10 m.
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6.55
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3.61 ft.
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0.191
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|
|
|
|
.
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|
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Line 13.
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5.80 m.
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1.78
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19.02 ft.
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0.052
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Incl.
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2.60 m.
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2.70
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8.53 ft.
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0.079
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|
Incl.
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1.80 m.
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3.60
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5.90 ft.
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0.105
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|
Incl.
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1.10 m.
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5.48
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3.61 ft.
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0.160
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|
|
|
|
.
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|
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Line 14
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6.60 m.
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2.11
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21.65 ft.
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0.062
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|
Incl.
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1.80 m.
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6.59
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5.90 ft.
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0.192
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|
Incl.
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1.40 m.
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8.41
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4.59 ft.
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0.245
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Incl.
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0.80 m.
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11.66
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2.62 ft.
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0.340
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|
|
|
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.
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|
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Line 15
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2.75 m.
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4.71
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9.02 ft.
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0.137
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Incl.
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2.05 m.
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6.41
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6.72 ft.
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0.187
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|
Incl.
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0.10 m.
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23.85
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0.33 ft.
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0.696
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Also Incl.
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0.25 m.
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13.48
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0.82 ft.
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0.393
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|
|
|
|
|
|
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Line 16
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1.40 m.
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2.47
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4.59 ft.
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0.072
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Incl.
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1.00 m.
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3.00
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3.28 ft.
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0.087
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|
Incl.
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0.60 m.
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3.91
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1.97 ft.
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0.114
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|
|
|
|
|
|
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Line 17
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2.10 m.
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2.46
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6.89 ft.
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0.072
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Incl.
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1.00 m.
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4.37
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3.28 ft.
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0.127
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|
|
|
|
.
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|
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Line 18
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2.60 m.
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4.47
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8.53 ft.
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0.130
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Incl.
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2.00 m.
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5.72
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6.56 ft.
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0.167
|
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Incl.
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0.60 m.
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7.36
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1.97 ft.
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0.215
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Table 1 illustrates results from the main northeast trend of the No. 4 Vein gold mineralization. Each channel sample line is cut perpendicular to the strike of the gold mineralization and the channel cuts are spaced approximately 2 metres (6.56 feet) apart. A total of 73 new channel samples are reported and range from trace to 18.96 g/mt gold (0.552 oz/st gold). Line 12 had the best intercept of 4.31 g/t gold over 5.50 metres (0.126 oz./st gold over 18.04 ft.).
The No. 4 Vein is interpreted to be the northeastern extension of the No. 1 Vein and while the No. 2 Vein forms its south-western extension. Together, the No. 1, No. 2 and No. 4 Veins comprise a single gold mineralizing system that has been traced for over 310 metres (1,017 ft.) along strike and to a depth of 210 metres (689 ft.). An historic mineral resource estimate of 53,741 metric tonnes grading 15.43 g/mt Au (59,240 short tons grading 0.45 oz/st Au) was calculated for the No. 1 Zone in 1944 by Noranda Minerals. Systematic drilling of the No. 4 Vein has been independently recommended as a prelude to an updated resource calculation encompassing the Dogpaw gold mineralizing system.
Two new veins 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 are currently being stripped, washed and sampled.
JVX Limited of Richmond Hill, Ontario conducted three dimensional Borehole IP/Resistivity surveys on a number of drill holes in the vicinity of the No. 1 Vein historic resource. JVX recommends a series of holes be drilled to intersect the strong chargeable sources identified on L1200W from 1250N to 1350N. These are thought to be the extension of the zone present on L1100W from 1050N to 1150N (proximal to the No. 1 Vein). A deep pass of surface IP is also recommended for lines 1050W to 1550W to further investigate previously identified chargeability results.
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 September.
Due Diligence
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 34,657,638 common shares issued and outstanding. For additional information, please visit us at www.houstonlakemining.com.
Company Contacts
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Houston Lake Mining
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In Canada: Linx Partners Ltd.
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E. Grayme Anthony P.Geo., MBA
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Wanda Cutler Tel: 416-603-4646
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President and CEO
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Tel: 705-897-7622
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In United States: ICS
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Fax: 705-897-7618
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George Duggan Tel: 818-542-6880
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This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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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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