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HOUSTON LAKE MINING INC. (HLM-TSX.V)
PRESS RELEASE
Houston Lake Awaits Assays on the West Cedartree Gold Project
The steeply dipping and rusty weathering Angel Hill Gold Zone ("AHGZ") is the major focus of the current exploration program. The current work seeks to extend the known dimensions of the gold zone and to document the distribution of gold within the exposed 130m. segment of the AHGZ. This detailed mapping and sampling program is a fundamental step in analyzing the economic potential of the stripped area. Information gained from the current program will be of immeasurable assistance in locating drill collars and in understanding the context of the proposed 1000m. (3280 ft.) drill program. Independent consulting geologist, Dean Cutting, P. Geo. is the Qualified Person responsible for the project. Detailed geological mapping extends the AHGZ in outcrop for an additional 150m. (492 ft.) for a total strike length of 225m. (738 ft.) and the zone remains open along strike to the south. The gold zone is now stripped and washed for 130m. (426 ft.) along strike. The AHGZ has an exposed minimum width of 3m. (9.8 ft.) to a maximum exposed width of 18m. (59.0 ft.) and remains open in width to the west. The exposed gold zone appears to be a part of a larger shear system and is internally complex. The AHGZ is characterized by seven rock units which have been weakly to strongly faulted and sheared, a stockwork of carbonate and quartz-carbonate veinlets, local fine disseminations of pyrite and arsenopyrite with trace chalcopyrite, and alterations of carbonate, iron carbonate, fuchsite, silica, pyrite, chlorite, and serpentine. The following rock units are of special interest in the evaluation: a highly fuchsitic core zone, a pyrite-arsenopyrite mineralized felsic dyke and larger quartz veins. The rigorous sampling program endeavours to provide an unbiased appraisal of the exposed zone and tests the gold tenor of the individual rock units comprising the AHGZ. To this end, a systematic channel sampling regimen was conducted every 20 metres perpendicular to strike along the zone. The channel samples evaluated every rock unit within each 20 metre channel section. A total of 89 channel samples were taken and shipped this week to ALS Chemex of Mississauga, Ontario. The samples will be analyzed by standard fire assay utilizing a 50 gram charge with an AA finish. Check assays will be sent to XRAL Laboratories of Toronto, Ontario. Assay results will be released as soon as they are available. Houston
Lake now owns or has under 100 percent option a total
of 603.6 hectares (1490.9 acres) spanning four properties
in the West Cedartree Lake area. The properties are accessed
by an all-weather gravel road, which traverses the northern
portions of the project area. Past exploration has focused
on the McLennan Shear Zone ("MSZ") at the northerly-striking
contact of mafic volcanics with a large gabbro body. In
1997 a new gold-bearing shear zone was identified internal
to the gabbro. A preliminary evaluation was carried out
over 75m. (246 ft.) of the Angel Hill Gold Zone in 2002
(see Table 1). Table 1. Compilation of 1997 & 2002 Results Over the Core Zone of the AHGZ
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 15,828,195 common shares issued and outstanding. The common shares of Houston Lake Mining Inc. trade through the facilities of the TSX Venture Exchange under the symbol HLM. For further information on all of the Company's projects, we invite you to visit us at www.houstonlakemining.com. For
more information, please contact:
Web
Site: www.houstonlakemining.com The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. |