Houston Confirms new Robertson Gold Zone from Phase I drilling and Initial Prospecting Results of Over 3 g/t target Robertson Gold Zone Offset Extension PDF Print E-mail

Sudbury, Ontario –November 16, 2010 - Houston Lake Mining Inc. (TSX.V: HLM), is an advanced exploration company which has prospected and strategically acquired contiguous gold properties in Northwestern Ontario with the objective of transitioning  into production. HLM also seeks platinum group and rare metal deposits in Northwestern Ontario. HLM is pleased to announce the results from 4 holes of a 2,600 metre, 12 hole exploration diamond drill program on the Company’s 100% owned and optioned West Cedartree Property. Approximately 1600 metres was drilled on the Dubenski Property and 1000 metres on the newly discovered Robertson Gold Zone on the West Cedartree Property.

“These holes are the third and final set released from our Phase I   “Robertson Gold Zone Testing” program and Phase IV “Dubenski Exploration” program.  The drilling on the Robertson Prospect was to confirm the indication of a possible gold zone from past channel samples taken. The holes included here continue to support our theory that we have found anomalous mineralization and that further exploration is warranted with drilling. These Roberston Gold Zone holes compliment October 20th’s release of hole WC10-05 which returned a drilled intersection of 22.6 metres of 2.047 g/t and included 4.3 metres of 4.74 g/t. We are pleased with our drilling and are excited at the speculation when we compare what has been drilled and the extent of unexplored geophysical anomalies on the Robertson Gold Zone and the highly anomalous, extension of the paralleling Angel Hill Gold Zone. If we look at what we have drilled thus far and the extent of chargeability highs from our geophysical coverage, we have extensive exploration area to investigate.” stated Trevor Walker, President of Houston.  A chargeability compilation map that combines results from IP surveys and the area of the new gold zone is available at http://www.houstonlakemining.com/images/IPchargability_WCP.jpg.

 

Core Length Drill Hole Intercepts, Robertson Gold Zone  (North South Orientation)

Hole Number  

From
(m)

To
(m)

Interval  (m)

Au
g/mt

Interval (ft) 

Au
oz/st

WC10-06

No Significant Values

WC10-07

64.70

66.20

1.50

0.85

4.92

0.020

WC10-08

37.00

38.30

1.30

1.51

4.27

0.04

DB10-99

No Significant Values

Hole WC10-06 tested the north trending shear zone north of previously released WC10-05. Drill hole WC10-07 tested the southern extension of the north trending shear zone on the south side of the east trending shear zone. WC10-08 tested the east trending shear zone previously tested by hole WC10-02.

In relation to the Robertson Zone, Houston is pleased that preliminary results from prospecting of other chargeability anomalies on the West Cedartree Project have returned some encouraging results. These results include grades up to 3.18g/t from geophysical anomalies northeast and southeast of the Robertson Gold Zone and results up to 2.82 g/t from the Gold Sun Property.  These anomalies can be seen on the above-mentioned link to the chargeability map. Results from anomalies in other areas, McLennan and Dogpaw, are pending.  Houston is currently finishing off a strategic grab sampling program designed to test known geophysical anomalies that have never been investigated on the West Cedartree Project.

“The prospecting samples in the vicinity of the Robertson Gold Zone appear to indicate that the chargeability anomaly that defines the zone continues northward and southward and are offset approximately 200-250 meters by lateral faulting to the east. Anomalous results have been obtained from an indicated strike length of at least 200 meters. Additional exploration is independently recommended and may take the form of diamond drilling simultaneously done with deeper drilling on the currently drilled Robertson Gold Zone.”

 

Collar Locations for Drill Holes

Drill Hole #

Northing (Metres)

Easting (Metres)

Collar Dip (Degrees)

Azimuth (Degrees)

Drill Hole Length (m)

Drill Hole Length (ft.)

WC10-06

5462855

435370

-52

90

128

420

WC10-07

5462768

435373

-52

90

87

285

WC10-08

5462763

435385

-52

360

101

331

DB10-99

5464309

438094

-53

360

161

528

 

About the Robertson Gold Zone

The Robertson Prospects have an insignificant exploration history dating back to the 1940’s. Three showings were known to have been documented on the West Cedartree Property with minor indications of gold mineralization.  The Robertson Zone at exposed surface is a 60m long by 20m wide stripped and washed area of gabbroic rock which has three converging shear zones of silicification and variable amounts of finely disseminated pyrite up to 1-2%. These converging zones trend NNE, NNW and EW and vary in width from 3 meters to 20 meters. Channel samples taken in the summer  from this area ran up to 2.97 g/t Au over a length of 0.43 meters. No previous drilling has been done on this zone. 

 

About the Dubenski Gold Zone

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 Mineralized Zone (NI 43-101 compliant).

P&E Mining Consultants of Brampton, Ontario were contracted to prepare a NI 43-101 compliant Mineral Resource estimate for the Dubenski property (see press release dated November 5, 2009). The categorized Mineral Resources  based on drill phases I-III are:

 

Table 1. Dubenski Mineralized Zone Resource Estimate Utilizing Optimized Pit Shell

 

Indicated

Inferred

Cut-Off Au g/t

Tonnes

Au g/t

Au oz.

Tonnes

Au g/t

Au oz.

Pit 0.65 g/t

524,000

3.55

59,800

12,000

1.96

800

UG 2.5 g/t

27,000

3.26

2,900

10,000

3.32

1,000

TOTAL

551,000

3.53

62,700

22,000

2.57

1,800

  1. The updated resource for the Dubenski Mineralized Zone was estimated on the basis of the Oct 31/09 24 month trailing average Au price of US$895/oz and $US exchange rate of $0.92. The open pit cut-off grade of 0.65 g/t Au was derived from C$2.50/tonne mining, C$15/tonne processing, C$5/tonne G&A and 95% process recovery. The open pit portion of the resource was defined in a 50 degree slope optimized pit shell. The underground cut-off grade of 2.5 g/t Au was derived from $55/tonne mining, C$15/tonne processing and C$5/tonne G&A and 95% process recovery.
  2. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
  3. The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.
  4. The mineral resources in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council December 11, 2005.

The resource calculation does not include Phase IV drilling completed in March 2010, whereby the strike length of the Dubenski Gold Zone has been lengthened from 365m to 500m. 

 

Due Diligence
All samples reported were shipped to Accurassay Laboratories, an ISO accredited facility, of Thunder Bay, Ontario. Samples were analyzed by fire assay utilizing 30-50 gram charges. All samples were assayed with an AA finish and those samples assaying above 3 g/mt gold are retested utilizing a gravimetric finish.

This news release was reviewed by Bryan McKay, P. Geo., who is a Qualified Person under the guidelines of the National Instrument 43-101.

 

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 44,164,304 common shares issued and outstanding. For additional information, please visit us at www.houstonlakemining.com.

 

Company Contacts

Houston Lake Mining

Trevor R. Walker, MBA
President
Tel: 705-897-7622
Fax: 705-897-7618

 

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.

 
   
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