High Grade Channel Samples Returned From Houston Lake Minings West Cedartree Gold Project
Assays Encounter Gold Grades of up to 22.19 g/t from Dogpaw Vein No. 6
Sudbury, Ontario – November 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 the ongoing exploration at the Dogpaw Lake Property. The property forms part of eight contiguous properties which together constitute the Company’s West Cedartree Gold Project near Kenora.
“These high grade channel sample results are significant as Vein No. 6 may form a potential new extension of the historic Vein No. 1 resource,” said E. Grayme Anthony, President and Chief Executive Officer. “The Dogpaw Vein No. 6 occurs in the same package of rocks hosting the 310 metre long Vein No. 1, No. 2 and No. 4 gold mineralizing system and may extend the strike length to over 500 metres. We believe that Dogpaw is an important part of our West Cedartree project that will contribute to our overall tonnage target and compliment our Angel Hill and Dubenski properties.”
Channel Sample Cut in Metre Intervals From West to East
Width in Metres
Gold (g/mt)
Width in Feet
Gold (oz/st)
Line 1 - 0m East
0.30 m.
0.04
0.98 ft.
0.001
Line 2 – 2.5m East
0.34 m.
0.45
1.12 ft.
0.013
Line 3 – 4.0m East
1.15 m.
2.63
3.77 ft.
0.077
Incl.
0.40 m.
6.31
1.31 ft.
0.184
.
Line 4 – 6.0m East
3.60 m.
3.36
11.81 ft.
0.098
Incl.
0.70 m.
13.88
2.30 ft.
0.405
.
Line 5 – 8.0m East
2.28 m.
3.28
7.48 ft.
0.096
Incl.
1.25 m.
5.73
4.10 ft.
0.167
Incl.
0.60 m.
7.04
1.97 ft.
0.205
.
Line 6 – 10.0m East
4.15 m.
5.81
13.61 ft.
0.170
Incl.
2.15 m.
11.10
7.05 ft.
0.324
Incl.
0.40 m.
21.80
1.31 ft.
0.636
Also Incl.
0.45 m.
20.11
1.48 ft.
0.587
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 this vein system has now been stripped, washed and sampled. Channel samples were cut perpendicular to the strike of the vein. A total of 70 channel samples from the Dogpaw Vein No. 6 were analyzed by fire assay. Sample results ranged from trace to 22.19 g/t Au (0.647 oz/t Au). The best intercept was on Line 6 which assayed 5.81 g/t Au over a width of 4.15 metres (0.170 oz/t Au over 13.61 ft.) and included 21.80 g/t Au over a width of 0.40 metres (0.636 oz/t Au over 1.31 ft.).
Channel Sample Cut in Metre Intervals From West to East
Width in Metres
Gold (g/mt)
Width in Feet
Gold (oz/st)
Line 7 – 12.0m East
3.65 m.
3.08
11.97 ft.
0.090
Incl.
2.55 m.
4.34
8.36 ft.
0.126
Incl.
0.25 m.
8.58
0.82 ft.
0.250
Also
0.85 m.
7.06
2.79 ft.
0.206
Line 8 – 14.0m East
3.25 m.
3.37
10.66 ft.
0.098
Incl.
1.55 m.
5.09
5.08 ft.
0.148
Incl.
0.35 m.
11.18
1.15 ft.
0.326
.
Line 9 – 16.5m East
2.30 m.
8.81
7.54 ft.
0.257
Incl.
1.10 m.
18.01
3.61 ft.
0.525
Incl.
0.55 m.
22.19
1.80 ft.
0.647
Line 10 – 19.0m East
1.85 m.
4.10
6.07 ft.
0.120
Incl.
0.90 m.
8.25
2.95 ft.
0.241
.
Line 11 – 21.0m East
2.35 m.
1.55
7.71 ft.
0.045
Incl.
1.10 m.
2.99
3.61 ft.
0.087
A second 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). Assay results from 117 channel samples from the Vein No. 5 are pending.
Field crews are busy on the adjoining Dubenski property refurbishing grid lines in preparation for a 4,000 metre first phase drill program recommended as a next step in the further definition of the Dubenski resource (see press release dated November 5, 2009).
The DPL has an extensive exploration history dating back to the 1940’s. Four main gold zones and ten documented gold occurrences have been discovered thus far on the property. An historic resource estimate of 53,741 metric tonnes grading 15.43 g/t Au (59,240 short tons grading 0.45 oz/st Au) remains after the extraction of a 454 metric tonne (500 short ton) bulk sample grading 8.23 g/t Au (0.24 oz/t Au).
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 35,957,638 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
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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.
