SOURCE: Houston Lake Mining Inc.

November 09, 2006 00:01 ET

Houston Lake Mining Reports 10.80 g/t Gold Over a 65 Metre Strike Length in Surface Sampling Program

SUDBURY, ON -- (MARKET WIRE) -- November 9, 2006 -- Houston Lake Mining Inc. (TSX-V: HLM) (the "Company") is pleased to report on assay results from 21 grab samples taken as part of a surface mapping survey on the recently 100% optioned Dogpaw Lake Gold Property ("DPL") contained within the Company's 100% owned 862 hectare (2129 acre) West Cedartree Gold Project. The project is located near Sioux Narrows, Ontario.

The 21 grab samples ranged from 0.02 to 28.26 g/mt Au (0.824 oz/st Au) averaging 6.28 g/mt Au (0.183 oz/st Au). These results indicate that several of the gold-bearing vein systems that are found away from the more intensely explored Vein #1 gold zone also carry considerable potential for higher grade gold mineralization.

Sixteen of the twenty one grab samples tested the No. 2, No. 11 and No. 33 gold veins. The No. 2 vein system is exposed in outcrop for 65m (213ft) and varies from 1 to 2m wide (3.3 to 6.6ft). The vein was tested by 8 grab samples which ranged from 0.04 to 28.26 g/mt Au (0.001 to 0.824 oz/st Au) and averaged 10.80 g/mt Au (0.314 oz/st). The No. 11 vein system was traced by a series of overgrown pits and trenches for over 130m (426ft). This vein was tested by 5 grab samples which varied from 0.62 to 6.76 g/mt Au (0.018 to 0.197 oz/t Au) and averaged 4.91 g/mt Au (0.143 oz/st Au). Vein No. 33 has been exposed by stripping for 20m (66ft) and is 20 to 30cm wide. Three samples tested the zone and ranged from 1.14 to 17.03 g/mt Au (0.033 to 0497 oz/st Au) and averaged 6.45 g/mt Au (0.188 oz/st Au).

Table 1. Surface Grab Sample Results from Veins No.2, 11 and 33, Dogpaw
Lake Option.

Vein   No. of  Average Value    Average      Strike     Strike
Number samples   (g/mt Au)   Value (oz/st) Length (m) Length (ft)
No. 2     8        10.80         0.314         65         213
No. 11    5         4.91         0.143        130         430
No. 33    3         6.45         0.188         20          66

A $208,000 surface exploration program is currently underway to define drill targets along the Angel Hill and the McLennan gold trends, as well as several vein systems on the newly acquired DPL property, towards the justification of placing a mill on-site. In April 2006, a 1012 tonne bulk sample from the West Cedartree Gold Project generated a cash settlement of $131,894 and a net profit of $51,848. Houston Lake is revising its permit application to surface mine and ship gold bearing rock from the West Cedartree Gold Project to a third party mill for processing. HLM has just shipped samples for an acid drainage test as required by the permitting process. The acid drainage test is expected to illustrate the environmentally benign impact of the proposed open pit in light of the widespread carbonate alteration and relatively low sulphide content of the host rock.

President & CEO E. Grayme Anthony commented: "It is apparent from the results announced today that other vein systems hold considerable promise. A new interpretation of the geology has surfaced which may give us the key to unlocking the DPL's potential."

The Dalby Bay Shear Zone ("DBSZ") strikes NW-SE across the property and was considered to be a major control of gold mineralization by previous operators. Magnetic surveys and geologic mapping carried out by Houston Lake indicates that the DBSZ is an axial planar fault to a large M-fold centred on the property. Gold mineralization now appears to be concentrated in the hinge zones of this large M-fold rather than the DBSZ. Future work will be carried out to test this new hypothesis.

Company President E. Grayme Anthony, P. Geo., conducted the geological mapping program. Independent Consulting Geologist 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's objective in the short term is to become a gold producer by surface mining our West Cedartree gold project and apply the profits towards the development of our 100% owned and optioned northwestern Ontario properties. The Company has a total of 21,296,233 common shares issued. For additional information, we invite you to visit us at

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

Contact Information

  • Company Contacts:

    A. Schwab & Associates
    Investor Relations
    1-800-537-4099 (toll-free)
    Email Contact

    E. Grayme Anthony B.Sc., P. Geo., FGAC, MBA
    President & CEO
    Tel: (705) 897-7622
    Fax: (705) 897-7618
    Email Contact