SOURCE: Houston Lake Mining Inc.

September 18, 2008 11:55 ET

Houston Lake Mining Continues to Define More Gold Mineralization at West Cedartree

32 of 39 Drill Holes Return Values of 3.00 g/mt Gold or Higher; Dogpaw Lake Drill Hole 80 Hits 2.90 Metres Grading 12.83 g/mt Gold

SUDBURY, ON--(Marketwire - September 18, 2008) - Houston Lake Mining Inc. (TSX-V: HLM) (PINKSHEETS: HLKMF), an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, is pleased to provide assay results from a portion of a recently completed 34 hole, 3,209 metre (10,526 foot) drill program on its Dogpaw Lake property. Dogpaw is one of eight contiguous properties forming the Company's West Cedartree Gold Project near Kenora.

The delineation drill program seeks to upgrade a portion of the Dogpaw No. 1 Vein historic resource of 53,741 tonnes grading 15.43 g/mt gold (59,239 tons averaging 0.450 oz/st gold) to modern standards. The first 22 holes of this program have now been reported and 18 holes intersected significant gold values of 3 g/mt gold or higher. Results from the remaining 12 drill holes are expected in the next few weeks and will be announced as soon as they are available.

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Table 1. Core Length Intercepts for 2008 Drill Holes, Dogpaw Vein No.1

Drill Hole        From     To   Intercept  Gold   Intercept   Gold
 Number           (m)      (m)     (m)     (g/mt)   (ft)    (oz/st)
----------       -----    -----    ---      ----    ----     ------
DP-08-69         49.75    51.70    1.95     4.84    6.40     0.141
           Incl. 50.50    51.70    1.20     7.86    3.94     0.229
           Incl. 51.45    51.70    0.55    13.61    1.80     0.397
           Also  89.20    92.45    3.25     4.31   10.66     0.126
           Incl. 89.20    91.30    2.10     4.92    6.89     0.143
           Incl. 89.80    90.65    0.85     6.99    2.79     0.204
DP-08-70         79.20    79.70    0.70     1.41    2.30     0.041
           Also  95.95    96.65    0.70     2.03    2.30     0.059
           Also  115.40  116.60    1.20     1.73    3.94     0.050
           Also  134.80  135.25    0.45     3.12    1.48     0.091

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"We have now received results from 39 drill holes since our acquisition of the Dogpaw Lake property," said E. Grayme Anthony, President and Chief Executive Officer. "Fully 32 of these holes have returned gold grades of 3 grams per tonne or higher. With results from 26 drill holes yet to be reported, and further drilling planned, we look forward to a productive and interesting fall exploration season."

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Table 1 Continued. Core Length Intercepts for 2008 Drill Holes, Dogpaw Vein
No.1

Drill Hole        From     To    Intercept  Gold   Intercept  Gold
 Number           (m)      (m)      (m)    (g/mt)    (ft)    (oz/st)
----------       -----    ------    ----     ----    ----     ------
DP-08-71         99.60    103.90    4.30     6.77    14.10    0.197
           Incl. 99.60    102.45    2.85    10.01    9.35     0.292
           Incl. 100.95   102.45    1.50    18.43    4.92     0.538
           Incl. 101.75   102.45    0.70    37.57    2.30     1.096
DP-08-72         109.85   110.95    1.10     2.78    3.61     0.081
DP-08-73         107.00   107.70    0.70     0.15    2.30     0.004
DP-08-74         137.26   138.77    1.51     2.51    4.95     0.073
           Also  146.70   147.50    0.80     3.31    2.62     0.097
DP-08-75         63.80     65.70    1.90     2.49    6.23     0.073
           Incl. 65.10     65.70    0.60     3.16    1.97     0.092
DP-08-76         110.30   111.50    1.20     0.04    3.94     0.001
DP-08-77         44.00     45.50    1.50     6.24    4.92     0.182
           Also  48.60     52.60    4.00     4.62   13.12     0.135
           Incl. 49.50     51.40    1.90     8.97    6.23     0.261
           Incl. 49.50     50.50    1.00    10.31    3.28     0.298
DP-08-78   Quartz Feldspar Porphyry Dyke
DP-08-79         28.05     31.80    3.75     1.98   12.30     0.058
           Incl. 29.30     31.80    2.50     2.84    8.20     0.083
           Incl. 29.30     30.10    0.80     5.25    2.62     0.153
           Incl. 29.30     29.70    0.40     7.37    1.31     0.215
           Also  46.15     54.05    7.90     4.71   25.91     0.137
           Incl. 46.15     53.10    6.95     5.34   22.80     0.156
           Incl. 46.15     48.50    2.35     7.73    7.71     0.226
           Incl. 47.93     48.50    0.57    26.02    1.87     0.759
           Incl. 50.80     53.10    2.30     7.22    7.54     0.211
           Incl. 51.80     53.10    1.30     9.82    4.26     0.287
DP-08-80         63.50     66.40    2.90    12.83    9.51     0.374
           Incl. 64.30     66.25    1.95    18.99    6.40     0.554
           Incl. 64.95     66.25    1.30    26.15    4.26     0.763

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Drill holes DP-08-69 to DP-08-80 form part of the systematic testing of the vicinity of the Dogpaw No. 1 Vein historic resource. The reported drilling tests the vein from a minimum depth of approximately 32.63 metres (107.04 feet) in DP-08-79 to a maximum depth of about 103.24 metres (338.65 feet) in DP-08-76 (Tables 1 and 2). Eleven of the twelve drill holes intersected the strongly altered and silicified meta-gabbroic rocks that typify Dogpaw Vein No. 1. The 465 drill core samples returned assay results that varied from trace to 37.57 g/mt (1.096 oz/st) gold. DP-08-71 was one of the deepest of the reported drill holes and intersected 6.77 g/mt gold over a core length of 4.30 metres (0.197 oz/st gold over 14.10 feet), including 37.57 g/mt gold over 0.70 metres (1.096 oz/st gold over 2.30 feet).

Perhaps the most striking aspect of the assay results is the ubiquitous intersection of a second anomalous to well-mineralized gold zone in the hanging wall approximately 20 metres above the No. 1 Vein. Drill hole DP-08-69 illustrates this mineralization assaying 4.84 g/mt gold over 1.95 metres (0.141 oz/st gold over 6.40 feet. A second hanging wall vein system was also encountered in the recent drilling of Vein No. 2. This supports the interpretation that Vein No. 2 is the lateral extension of Vein No. 1.

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    Table 2. Collar Locations for 2008 Drill Holes, Dogpaw No. 1 Vein.

Drill Hole                          Collar      Collar        Drill Hole
Number      Northing     Easting    Dip        Azimuth          Length
-------     --------     -------    -----      -------       ----------
DP-08-69   5464966.98   436487.38   68.5°   155.9 degrees   125 m 410.10 ft

DP-08-70   5464994.83   436477.51   65.1°   158.8 degrees   158 m 518.37 ft

DP-08-71   5464980.27   436452.18   53.9°   147.9 degrees   131 m 429.78 ft

DP-08-72   5464980.57   436452.03   62.7°   148.9 degrees   146 m 479.00 ft

DP-08-73   5464979.75   436452.45   43.0°   150.6 degrees   113 m 370.73 ft

DP-08-74   5464999.72   436440.88   60.7°   152.4 degrees   191 m 626.63 ft

DP-08-75   5464843.15   436386.02   56.2°   155.9 degrees    86 m 282.15 ft

DP-08-76   5464843.47   436385.79   69.4°   155.8 degrees   125 m 410.10 ft

DP-08-77   5464842.15   436386.81   38.9°   146.1 degrees    65 m 213.25 ft

DP-08-78   5464824.71   436409.10   40.6°   121.5 degrees    59 m 193.57 ft

DP-08-79   5464812.43   436371.69   44.9°   154.9 degrees    65 m 213.25 ft

DP-08-80   5464813.08   436371.23   67.9°   159.0 degrees    80 m 262.46 ft

-****-

The twelve drill holes were drilled at 38.9 to 68.5 degrees to intercept the 70-degree dipping Dogpaw No. 1 Vein. True widths are estimated to be 94.6% of the 40-degree, 86.7% of 50-degree, 76.6% of 60-degree and 64.3% of 70-degree collar dips.

Houston Lake has completed a 14-hole 2,062m (6,560 ft.) delineation drill program earlier this month. The program aims to expand the historic resource to encompass a newly identified western lateral extension, the Dogpaw No. 2 Vein. The No. 2 Vein has now been defined to a depth of over 140m (460 ft.) and for a distance of at least 100m (328 ft.) along strike. Logging and sampling of this new core is expected to recommence next week.

Due Diligence

All samples reported were shipped to TSL Laboratories, an ISO accredited facility, of Saskatoon, Saskatchewan. Samples taken from the core of the mineralized zone were analyzed utilizing a screen metallic assay method. This methodology provides a higher level of assurance by testing a large quantity of sample (1,000g) and by monitoring the size distribution of the gold. Samples taken from the shoulders of the mineralized zone were analyzed by fire assay utilizing a 50-gram charge. All samples were assayed with an AA finish and those samples assaying above 3 g/mt gold were retested utilizing a gravimetric finish. The samples will also be re-checked at a second qualified laboratory in keeping with the Company's standard due diligence procedures.

The tonnages, grades, assays and other technical data are taken from historical records prior to the implementation of NI 43-101. While the data are believed to have been acquired, processed and disclosed by persons believed to be technically competent, it is unverifiable at present.

A qualified person as defined under NI 43-101 has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Houston Lake is not treating the historical estimates as current mineral resources or mineral reserves as defined in NI 43-101 and the historical estimate should not be relied upon.

Dean Cutting, P. Geo., an independent consulting geologist, is the Qualified Person under the guidelines of NI 43-101 for the technical aspects of this news release.

About Houston Lake Mining Inc.

Houston Lake is an advanced, vertically integrated resource exploration company. The Company is actively exploring for gold, platinum group metal and rare metal deposits in northwestern Ontario with a strategic focus on the West Cedartree gold project. Houston Lake's objective 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 31,132,215 common shares issued and outstanding. For additional information, please visit us at www.houstonlakemining.com.

Forward-looking Statements

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

    Linx Partners Ltd.
    Wanda Cutler
    Tel: 416-303-6460