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HOUSTON LAKE MINING INC. (HLM-TSX.V)
PRESS RELEASE
Houston Lake Expands Target on the West Cedartree Gold Project
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 property is 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 10 to 20 metre wide shear zone ("NSZ")
was identified internal to the gabbro. Preliminary trenching
and stripping was carried out over 75m. (246 ft.) of the
NSZ last Summer (see Company Press Releases dated August
21, 2002 and September 10, 2002). Table 1. Compilation of 1997 & 2002 Results Over the Core Zone of the NSZ
The vertically dipping and rusty weathering NSZ has been recently been re-examined in light last fall’s stripping program and the invaluable input of the Government of Ontario’s Resident Geologists Office in Kenora. The 8-10m. (26-33 ft.) wide NSZ yielded an average of 1.88 g/t in 60 channel samples. The NSZ is comprised of three distinct units:
The NSZ has been traced for 225m. (738 ft.) and appears to terminate along strike near the northern property boundary. However, assessment files reveal that a gold-in-soil anomalous zone (values in excess of 20 ppb. Au) continues along strike for approximately 1 km (3280 ft.) to the south of the NSZ. A gold showing also occurs along strike about 1.4 km (4592 ft.) to the south of the NSZ. A magnetic high can be traced for a total length of 2.1 km. (6888 ft.). from the NSZ southward and passes through the vicinity of soil anomalies and the gold showing. The present program has two goals. Property-scale mapping will continue to investigate possible southern extensions of the NSZ and MSZ. Mechanized stripping and washing will seek to expose a 118 m. (387 ft.) strike length of the high grade core zone contained within the NSZ. Systematic channel sampling at 20 metre intervals combined with detailed mapping will be the first step in analyzing the economic potential of the exposed 118m. segment of the NSZ. A 1000m. (3280 ft.) drill program is planned to follow up the detailed evaluation of the NSZ. Dean Cutting, P. Geo. is the Qualified Person responsible for the project. Houston Lake has granted incentive 25,000 stock options priced at $0.28 to directors and employees of the Company. The grant is subject to regulatory approval. 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. |