HOUSTON LAKE MINING INC.

(HLM-TSX.V)

 

PRESS RELEASE

 

Houston Lake Expands Land Position to Cover High Grade Gold Zones,

Jesse (North) Gold Property Option Earned In

 

September 10, 2002:  Sudbury, Ontario - Houston Lake Mining Inc. (TSX.V:HLM, "Houston Lake") is pleased to report that the Company has staked additional ground to cover strike extensions of high grade gold-bearing shear zones sampled this summer on the Company’s McLennan/Jesse (North) gold project in the Kenora Mining District of Ontario. Houston Lake has also completed all the requirements of its 100 percent option of the Jesse (North) gold property.

Houston Lake has staked an additional 20 claim units (320 hectares or 790.4 acres) which are contiguous with the Company’s McLennan and Jesse (North) gold properties in the Kenora Mining District of Ontario. The Company now owns or has under option a total of 603.6 hectares (1490.9 acres) in the Dogpaw Lake area. The land package now covers a 2.6 km. (1.56 mile) strike of the rocks hosting the high grade gold-bearing shear zones described below.

Historic work on the McLennan gold property had focused on the McLennan Shear Zone ("MSZ") at the northerly-striking contact of mafic volcanics with a large gabbro body. "Drilling carried out by Noranda Mines in 1944-45 encountered significant gold-bearing intersections over a strike length of 280m. (918 ft.). Typical intersections along the shear zone and off shoot shears are: 0.20 oz/t Au over 1.2 ft., 0.53 oz/t Au over 18.0 ft., 0.25 oz/t Au over 3.0 ft., 0.55 oz/t Au over 1.5 ft., 1.35 oz/t Au over 3.5 ft." (Dr. K. Germundsen, P. Geo., Internal Company Report, 2002 ). In 1997 a new 10 to 20 metre wide shear zone was identified internal to the gabbro and had a strike length in excess of 800 metres (2,624 feet).

Trenching and stripping was carried out earlier this summer over the new gold-bearing shear zone ("NSZ"). Over 100 metres (328 feet) of the NSZ was exposed along strike and the NSZ remains open in both directions. Channel sampling tested a 70 metre strike length of the newly exposed zone and confirmed earlier high grade gold results obtained in 1997 on the McLennan/Jesse (North) gold project. Sixty channel samples were taken in the vicinity of the NSZ and returned results that varied from trace to 47.1 g/t Au (1.374 oz/t Au) and averaged 1.88 g/t Au (0.055 oz/t Au). Three complete channels were taken perpendicular to the north-south strike of the NSZ from north to south over the stripped area: Channel 1 at 5m. (16.4 ft.), Channel 2 at 17.5m. (57.4 ft.), and Channel 3 at 75m. (246.0 ft.). Channel 1 returned 9.11 g/t Au over 5.8m. (0.266 oz/t Au over 19.0 ft.) including 18.76 g/t Au over 2.5 m. (0.547 oz/t over 8.2 ft.). Channel 2 returned 5.39 g/t Au over 3.95m. (0.157 oz/t Au over 13.0 ft.) including 9.26 g/t Au over 2.0m. (0.270 oz/t Au over 6.28 ft.). Channel 3 assayed 5.71 g/t Au over 5.0m. (0.167 oz/t over 16.4 ft.) including 9.19 g/t Au over 3.0m. (0.268 oz/t Au over 9.8 ft.). However, preliminary evaluation indicates that the NSZ may contain pods or lenses of gold mineralization as 16 samples scattered between Channels 2 at 17.5m. and Channel 3 at 75m. returned anomalous gold values only. A $300,000 exploration program involving line-cutting, geophysics, mapping, and diamond drilling is recommended for the project.

Houston Lake has met all requirements of the Jesse (North) option agreement by issuing 75,000 common shares and completing $18,000 in exploration expenditures. Upon filing of an assessment report the Company will have completed the 100 percent earn in of the 144 hectare (355.7 acre) Jesse (North) Gold Property subject to a 2.5 percent Net Smelter Royalty ("NSR"). The Company has issued 75,000 common shares and expended $20,000 of the $200,000 in exploration required under the McLennan option agreement. The Company currently holds a 45 percent ownership interest and has five years to commit a further $180,000 in exploration expenditures to complete the earn in on the remaining 55 percent of the 139.6 (345 acre) McLennan Gold Property. The 100 percent interest is subject to a 2.25 percent NSR. Both the Jesse (North) and the McLennan Gold property options are non-arms length agreements.

Houston Lake is actively exploring for Gold, Rare Metals, and Platinum Group Metals with a strategic focus on northwestern Ontario. Houston Lake Mining Inc. has a total of 15,425,695 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:

E. Grayme Anthony   B.Sc., P. Geo., F.G.A.C., M. B. A.
Tel: (705) 897-7622 Fax: (705) 897-7618
e-mail: houston@vianet.on.ca Web Site: www.houstonlakemining.com

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.



Back to Index