SOURCE: Houston Lake Mining Inc.

September 11, 2007 06:00 ET

Houston Lake Mining Intersects High Grade Gold Mineralization in Channel Samples at West Cedartree

SUDBURY, ON--(Marketwire - September 11, 2007) - Houston Lake Mining Inc. (TSX-V: HLM) (PINKSHEETS: HLKMF), an advanced exploration company actively seeking gold, platinum group metals and rare metals in northwestern Ontario, is pleased to report that high grade gold mineralization was intercepted in systematic channel sampling carried out at Angel Hill. The Angel Hill Gold Zone (AHGZ) is one of the four or more gold systems that occur on the Company's 100% owned and optioned 1673.6 hectare (4134.5 acre) West Cedartree Gold Project located near Sioux Narrows, Ontario.

"This a promising beginning for our autumn 2007 exploration program at West Cedartree," said Grayme Anthony, President and CEO. "These channel sample results now extend the gold mineralization at Angel Hill for more than 200 metres at surface and we continue to build upon our established gold resource."

Table 1. Systematic Channel Sample Results Over the AHGZ Southern Extension
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Distance along  True Width   Gold    Distance along  True Width     Gold
Strike(m.)       (metres)  (g/mt Au)   Strike(ft.)     (feet)    (oz/st Au)

L23+00m  North    0.36 m.    1.38    7544.0 ft. North  1.18 ft.     0.040
L22+92.5 North    1.06 m.    0.80    7519.4 ft. North  3.48 ft.     0.023
L22+88m  North    1.54 m.    7.02    7504.6 ft. North  5.05 ft.     0.205
         Incl.    1.06 m.    9.73               Incl.  3.48 ft.     0.284
         Incl.    0.54 m.   17.49               Incl.  1.77 ft.     0.510
L22+85m  North    1.50 m.    2.22    7494.8 ft. North  4.92 ft.     0.065
         Incl.    1.03 m.    2.84               Incl.  3.38 ft.     0.083
         Incl.    0.46 m.    4.87               Incl.  1.51 ft.     0.142
L22+77m  North    0.67 m.    2.98    7468.6 ft. North  2.20 ft.     0.087
L22+75m  North    0.44 m.    2.80    7462.0 ft. North  1.44 ft.     0.082
L22+70m  North    0.98 m.    1.46    7445.6 ft. North  3.21 ft.     0.043
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Assay values varied from trace to 17.49 g/mt Au (0.510 oz/st) and included the best channel sample interval of 1.54m grading 7.02g/mt Au (5.05ft. grading 0.205oz/st). This interval contained a 0.54m section grading 17.49g/mt Au (1.77ft. grading 0.510oz/st). Channel sample results have now extended the AHGZ mineralization at surface for a total strike length of more than 200m (656ft.). IP surveys in 2006 and recently in 2007, have depicted an extremely prominent chargeability anomaly that can be traced from the AHGZ bulk sample site southward across the McLennan and West Cedartree properties and northward across the Dogpaw Lake and Dogpaw West properties for an overall strike length that spans at least 2.8km (1.7 miles).

An exploration program involving mechanized stripping, detailed mapping and channel sampling began last week and targeted the vicinity of the Dogpaw Lake No. 1 Vein. 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 Shaft Zone which has an historic gold resource of about 355,286 tonnes averaging 6.32 g/mt Au (322,310 short tons averaging 0.184 oz/st Au) to a depth of 150m (492ft.).

Angel Hill Gold Zone

The AHGZ has an estimated inferred mineral resource of 106,400 tonnes grading 2.97 g/mt Au at a cutoff of 2 g/mt (117,286 short tons grading 0.087 oz/st Au at a cutoff of 0.058 oz/st) or 49,700 tonnes grading 4.77 g/mt Au at a cutoff of 4 g/mt (54,785 short tons grading 0.139 oz/st Au at a cutoff of 0.117 oz/st). The inferred mineral resource was determined by systematic channel sampling of a 130m (426ft.) strike length of the AHGZ exposed by stripping and by drilling to a depth of 75m. In 2006 a 1037m (3402ft) drill program was successful in extending the zone to a depth of 100m (328ft).

In spring of 2006 a bulk sample was taken from the AHGZ and processed at a third party mill. A total of 1041.2 tonnes (1147.7 short tons) yielded an average head grade of 5.67 g/mt Au (0.165 oz/st Au). The total contained gold was 5,903.6 grams (189.8 ounces) and 5,490.4 grams (176.5 ounces) of gold was produced at a reported recovery of 93%. The Company received a cash settlement of $131,893.84 and had a net profit of $51,848.12.

Dogpaw No. 1 Vein System

The Dogpaw Lake Property (DPL) has an extensive exploration history dating back to the 1940s. Four main gold zones and ten documented gold occurrences have been discovered thus far on the property. An historic resource estimate of 53,741 metric tonnes grading 15.43 g/mt Au (59,240 short tons grading 0.45 oz/st Au) remains after the extraction of a 454 metric tonne (500 short ton) bulk sample grading 8.23 g/mt Au (0.24 oz/st Au) from the Dogpaw No. 1 Vein.

A winter 2561m (8400ft) delineation drilling program targeted the historic gold resource of the Dogpaw No. 1 Vein. Fourteen of 17 drill holes intersected grades of 3.31 g/mt Au (0.097 oz/st Au) or higher and established the continuity of the gold mineralization to the maximum depth tested of approximately 210m (689ft.). The vein system remains open to depth and along strike. The best result of the drill program was received from drill hole DP-2007-042 which yielded a core length intersection grading 29.90 g/mt Au over 7.50m (0.872 oz/st Au over 24.60 ft).

The Company's exploration team have located, recovered and racked approximately 6,656m (21,831ft) of drill core from two previous drill programs. Only the portion of this drill core testing the Dogpaw No. 1 Vein is currently being re-logged and audited as part of the resource evaluation. Re-examination of historic core combined with recent drilling and surface work, will guide a drill program planned for late summer/early fall with the objective of completing a NI43-101 resource calculation for the Dogpaw No. 1 Vein.

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 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.

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. The data source for the DPL property is largely provided by assessment records and prior work conducted by Houston Lake. 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.

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