Houston Lake Mining Inc. (HLM-TSX.V)
_________________________________________________________________________________________________________
For Immediate Release
Houston Lake Provides
an Update on the West Cedartree Gold Project
July
14, 2005 :
Sudbury, Ontario - Houston
Lake Mining Inc. (TSX.V: HLM,
the "Company") is pleased to
provide an update on current developments
concerning the Company’s 100% owned,
635.6 hectare (1569.8 acre) West Cedartree
Gold Project located near Sioux Narrows,
Ontario. Conversion of data to digital
format, compilation, analysis and interpretation
of all prior exploration results has established
the presence of two lenses of gold mineralization
within the Angel Hill Gold Zone (“AHGZ”).
Though relatively narrow, Lens 1 demonstrates
the greater geologic continuity, remains
open in two directions and will be the
focus of further economic analysis. The
Company is currently gathering quotes for
the metallurgical testing of mineralized
material as a prelude to bulk sampling.
Field crews are expected to be dispatched
to the project to initiate further exploration
by early August.
Results
of approximately 850 surface channel and
drill core samples have been compiled into
a digital database to document a 130m long,
60m deep (426ft. by 197ft.) portion of
the AHGZ. The alteration zone has an average
drill hole thickness of 18.68m (61.27 ft.).
Two lenses of gold mineralization have
been identified. Lens 1 occurs proximal
to the hanging wall and Lens 2 is found
near the footwall. Lens 1 demonstrates
an interpreted continuity from surface
at 60m N (196.8 ft. N) to a depth of 60m
(196.8 ft.) at 40m S (131.2 ft. S) and
remains open to depth and to the South.
This is an important point as reasonably
demonstrable continuity incorporating assay
data and geological parameters is a requirement
for modern resource calculation. Lens 2
displays intermittent continuity. The digitalized
database will be run under specialized
Gemcom software (GEMS Exploration package)
utilizing the classic polygonal method
to produce a preliminary resource calculation.
Independent Consulting Geologist Dean R.
Cutting, P. Geo. is the Qualified Person
for the project as defined under National
Instrument 43-101 and has reviewed this
press release.
Houston
Lake is obtaining quotes for a bench test
which would allow the bulk sample to be
effectively evaluated at milling facilities
in the region. The test endeavours to establish
the best method of processing for optimal
recovery of gold from the bulk sample.
Data obtained from the testing would be
extremely important for the Company to
evaluate expected versus actual gold recoveries
from any bulk sampling at a third party
mill. More advanced feasibility studies
at a later point in time will necessarily
incorporate this type of data.
The
Company expects to be active at West Cedartree
by early August. Further work is planned
for both the McLennan and Angel Hill Gold
Zones. This work will include the continuation
of property mapping, evaluation of old
trenches and pits, and the collection of
mineralized material for bench tests. Trenching
or stripping of the southward extension
of the AHGZ will be dependent on available
funds.
About
the West Cedartree Gold Project
The
West Cedartree Gold Project covers
two gold mineralization trends: the
historic McLennan Gold Zone and the
recently discovered Angel Hill Gold
Zone. The McLennan Gold Zone (“MGZ”)
is located 300m (984ft.) west of and
is oriented subparallel to the AHGZ.
The MGZ is traced by geophysics for
a distance of 2.6km (1.6 miles) on
the property. The seventh drill hole
of the Phase 2 drill program targeted
and successfully intersected the MGZ
at an approximate depth of 25m. (82ft.)
and returned 6.132 g/mt Au over a core
length of 4.55m (0.179 oz/st gold over
14.92ft.).
The
AHGZ has been the primary exploration focus
of the Company. The gold zone is a package
of altered rocks that occurs within a large
gabbro sill. The AHGZ occurs at the contact
of ultramafic rocks forming the footwall
to the gabbroic rocks of the hanging wall.
Higher gold values (up to 126 g/mt or 3.675
oz/st Au) are associated with discontinuous
quartz lenses and pods which tend to be
more prolific in wider portions of the
zone. The AHGZ can be traced by geophysics
for a distance of 2.1km (1.5miles) on the
property to encompass gold-in-soil anomalies
and a gold occurrence along its strike
extension.
In
2003 Houston Lake conducted stripping and
washing, systematic channel sampling, and
detailed mapping programs over a 130m (426
ft.) segment of the AHGZ. The gold zone
was directly tested by 77 channel samples
which ranged from trace to 71.30 g/mt Au
(2.080 oz/st) and had a weighted average
of 4.04 g/mt Au (0.118 oz/st). Last Fall,
ten additional selective channel samples
tested newly identified quartz lenses in
the southern portions of the stripped area.
The results ranged in value from 1.18 to
115.50 g/mt Au (0.034 to 3.369 oz/st gold)
and had a weighted average of 32.23 g/mt
Au (0.940 oz/st).
A
total of 1733m (5684 ft.) of diamond
drilling in 26 holes has been completed
to date on the AHGZ. The gold zone has
been tested every 20m (66 ft.) along a
strike length of 120m (394ft.) at depths
of 10, 25, 40 and 60m (33, 82, 131 and
197ft.). All bore holes were drilled in
a westward direction to intersect the AHGZ
perpendicular to geologic strike. The gold
zone appears to dip to the east at approximately
70 degrees. Sixteen of the 24 holes drilled
under the 130m (426ft.) stripped area have
now returned significant gold values (>2
g/mt Au) and 6 of these holes intersected
grades higher than 1 oz/st gold. The gold
zone remains open to depth and to the South.
Houston
Lake Mining Inc. is an exploration company
listed on The TSX Venture Exchange under
the symbol HLM. We are focused on the exploration
and development of opportunities in the
strategic and high technology metals sector
which have excellent supply/demand fundamentals.
Houston Lake is actively exploring for
Gold, Platinum Group Metals and Rare Metals
with a strategic focus on northwestern
Ontario. The Company has a total of 18,661,862
common shares issued and outstanding. For
additional information, we invite you to
visit us at www.houstonlakemining.com.
Company
Contacts:
E. Grayme Anthony B.Sc., P. Geo., F.G.A.C., M. B. A.
President and CEO
Tel: (705) 897-7622 Fax: (705) 897-7618
ganthony@houstonlakemining.com
The TSX Venture Exchange has neither approved nor disapproved of the
information contained herein.