SOURCE: Houston Lake Mining Inc.

September 28, 2007 10:05 ET

Houston Lake Ships 114 Drill Core Samples for Gold Analysis

Mechanized Stripping Program Proceeds at West Cedartree Property

SUDBURY, ON--(Marketwire - September 28, 2007) - Houston Lake Mining Inc. (PINKSHEETS: HLKMF) (TSX-V: HLM), an advanced exploration company actively seeking gold, platinum group metals and rare metals in northwestern Ontario, today announced it has shipped 114 drill core samples for gold analysis by fire assay.

The drill core re-sampling seeks to verify historic results and to expand upon those results by new testing of the shoulders of the gold mineralization encountered in the 1997 drill program at Dogpaw Lake.

The Dogpaw Lake property adjoins the northern boundary of the Company's wholly owned and optioned 1,673.6 hectare (4,134.5 acre) West Cedartree Gold Project (WCGP) located near Kenora, Ontario.

Houston Lake's assay verification program is part of the due diligence in upgrading of the historic resource at the Dogpaw Lake No. 1 Vein (DLV No. 1) to NI 43-101 standards. The DLV No. 1 is one of the four or more gold systems that occur on the Company's WCGP. Results from the verification program are expected in the third quarter of Fiscal 2007.

"Our autumn 2007 exploration program continues to expand upon existing gold targets and generate new targets at West Cedartree," said Grayme Anthony, President and CEO. "We remain focused on upgrading the existing resources at the Dogpaw Lake No. 1 Vein and at the Dubenski Shaft Zone to NI 43-101 standards toward the goal of justifying an onsite mill at the West Cedartree Gold Project."

Mechanized Stripping Program

In conjunction with Houston Lake's assay verification program, the Company also announced it initiated a mechanized stripping program earlier this month on the WCGP. Stripping has been completed between Trenches 2 and 3 on the McLennan Gold Zone (MGZ). The stripping and washing has exposed a 6.1 metre (20.0 foot) wide section of sulphidized breccia and accompanying sulphide stringer mineralization characteristic of the zone. A total of 17 channel samples have been taken and will be included in the next sample shipment. The MGZ is traced for over 280 metres (914 feet) by a series of trenches and drill collars dating from the 1940s. Houston Lake has previously confirmed the high grade nature of the gold mineralization through sampling of the old trenches. The Company has encountered significant gold values in all four drill holes targeting the zone. An IP geophysical anomaly occurs in the vicinity of the MGZ and extends for over 1,200 metres (3,936 feet).

Mechanized stripping has also been completed over Dogpaw Lake No. 2 Vein (DLV No. 2). Results from eight systematic chip samples have been previously reported and averaged 10.80 g/mt Au (0.315 oz/st Au). The newly exposed vein is currently being washed and has been traced for 67 metres (220 feet) before terminating to the west. The vein pinches and swells along strike and averages between 1.0 to 1.5 metres wide. The DVL No. 2 lies approximately 25 metres to the south of and appears to be similar in character to the mineralization found at DLV No. 1. Channel sampling of DLV No. 2 is expected to begin as soon as washing is completed.

Mechanized stripping is continuing on the No. 11 Vein where five previously reported samples averaged 4.91 g/mt Au (0.143 oz/st Au). Vein No. 33 (three samples averaging 6.45 g/mt Au or 0.189 oz/st Au) and Vein No. 6 (one sample grading 10.49 g/mt Au or 0.306 oz/st Au) are slated for channel sampling as well.

Dubenski Option

The Dubenski property consists of 22 leased claims and covers an area of approximately 363.60 hectares (898.45 acres). Houston Lake has obtained a right to earn a 100% interest in the property which is located adjacent to the Company's 100% owned West Cedartree Gold Project.

A report on the Dubenski Option is expected within the next two weeks from consulting geologists Watts Griffis and McOuat. This report will provide the basis for an upcoming drill program targeting the historic resource at the Shaft Zone on the property. A drill program of at least 2,500 metres (8,200 feet) is slated to begin by early November dependent on drill availability.

Due Diligence

All channel samples were shipped by bonded courier to ISO accredited TSL Laboratories of Saskatoon, Saskatchewan and were analyzed by fire assay utilizing a 50 gram charge. Samples were assayed with an AA finish and those samples assaying above 3 g/mt Au were retested utilizing a gravimetric finish. The Company is investigating the possibility of a nugget effect on the assay data from DLV No. 1. Consequently, 70 of 114 samples sent to TSL Laboratories of Saskatoon, Saskatchewan will be analyzed by metallic sieve analyses. This methodology provides a higher level of assurance by testing a large quantity of sample (up to 1000g) and monitoring the size distribution of the gold. The samples will also be re-checked at a second qualified laboratory in keeping with the Company's standard due diligence procedures.

Independent Consultant Dean R. Cutting, P. Geo., is the Qualified Person for the project under the guidelines of NI 43-101 and has reviewed this press release in its entirety.

About Houston Lake Mining Inc.

Houston Lake is an advanced exploration, vertically integrated resource company. The Company is actively exploring for gold, platinum group metals and rare metals in northwestern Ontario with a strategic focus on the West Cedartree gold project. Houston Lake's objective in the short term 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 25,263,660 common shares issued and outstanding. For additional information on Houston Lake, visit www.houstonlakemining.com.

The TSX Venture Exchange has not reviewed and does not accept 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.

Contact Information

  • Company Contacts:

    Houston Lake Mining Inc.
    E. Grayme Anthony, P. Geo., MBA
    President and CEO
    Tel: 705-897-7622
    Fax: 705-897-7618
    Email Contact

    Barnes McInerney
    Colin Languedoc
    Senior Account Executive
    Tel: 416-367-5000 ext. 225
    Fax: 416-367-5390
    Email Contact