Houston Lake Mining Intersects High Grade Gold In First Four Drill Holes At Dubenski Property
08:00 EDT Wednesday, March 19, 2008
FSC / Press Release
Houston Lake Mining Intersects High Grade Gold In First Four Drill Holes At Dubenski Property
Drill Hole DB-08-03 Intersects 4 Metres Grading 17.59 g/mt Gold
Phase II Drilling Targets Second Gold Resource At Dogpaw No. 1 Vein
Sudbury, Ontario CANADA, March 19, 2008 /FSC/ - Houston Lake Mining Inc. (HLM - TSX Venture, HLKMF - OTCBB_Pink_Sheets), an advanced exploration company seeking gold, platinum group metal and rare metal deposits in Ontario, is pleased to provide assay results from the first four drill holes of a recently completed 17 hole, 1,798.6 metre (5,899.4 foot) delineation drill program on the Dubenski property of the Company's West Cedartree Gold Project near Kenora.
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Table 1. Core Length Intercepts for First Drill Section, Dubenski Shaft Zone
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Drill Hole From To Intercept Gold Intercept Gold
Number (m) (m) (m) (g/mt) (ft) (oz/st)
---------- ---- --- --- ------ ----- ------
*DB-08-01 82.00 105.00 23.00 4.66 75.44 0.136
(-45 degrees) Incl. 82.00 91.00 9.00 9.97 29.52 0.291
Incl. 89.00 91.00 2.00 36.40 6.56 1.062
Incl. 89.00 90.00 1.00 65.43 3.28 1.908
DB-08-02 38.00 45.10 Assays Pending
(-45 degrees) 54.00 84.00 30.00 2.03 98.40 0.059
Incl. 55.00 58.00 3.00 6.06 9.84 0.177
Also. 74.00 75.00 1.00 12.83 3.28 0.374
DB-08-03 24.00 49.00 25.00 3.70 82.00 0.108
(-45 degrees) Incl. 24.00 42.00 18.00 4.77 59.04 0.139
Incl. 30.00 42.00 12.00 6.67 39.36 0.195
Incl. 30.00 34.00 4.00 17.59 13.12 0.513
DB-08-04 5.00 8.10 Assays Pending
(-45 degrees) 8.10 19.00 10.90 5.01 35.75 0.146
Incl. 15.00 19.00 4.00 12.68 13.12 0.370
Incl. 15.00 17.00 2.00 23.84 6.56 0.695
Incl. 15.00 16.00 1.00 37.93 3.28 1.106
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* Disclosed via news release Feb. 20, 2008
"The assays show that gold mineralization is present throughout the section," said E. Grayme Anthony, President and Chief Executive Officer. "In fact, the deepest drill hole of the section returned some of the best results."
"These results continue to build upon the outstanding start to our winter drill campaign," Mr. Anthony added. "With results of approximately one dozen holes pending from Dubenski and a 3,200 metre drill program just commencing at our Dogpaw Lake property, 2008 is shaping up as a very active year for Houston Lake."
Drill holes DB08-01 to DB08-04 form the first and westernmost drill section targeting the historic gold resource at the Dubenski Shaft Zone (Tables 1 and 2). All four drill holes intersected the strongly altered and silicified meta-volcanic rocks that typify the Shaft Zone. The 306 drill core samples returned assay results that varied from trace to 65.43 g/mt (1.908 oz/st) gold. Drill hole DB08-03 intersected mineralization grading 4.77 g/mt gold over a core length of 18.0 metres (0.139 oz/st gold over 59.04 feet). This included 17.59 g/mt gold over a core length of 4.0 metres (0.513 oz/st gold over 13.12 feet).
Table 2. Locations for Drill Holes DB08-01 to DB08-04 at Dubenski Shaft Zone
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Drill Hole Collar Collar Drill Hole
Number Northing Easting Dip Azimuth Length
------ --------- ------- --- ------- ----------
DB08-01 5,464,207 438,377 -45 degrees 354 degrees 152.73m 500.95ft
DB08-02 5,464,230 438,375 -45 degrees 354 degrees 121.40m 398.19ft
DB08-03 5,464,245 438,373 -45 degrees 354 degrees 89.20m 292.58ft
DB08-04 5,464,256 438,373 -45 degrees 354 degrees 80.00m 262.40ft
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All four drill holes were drilled at 45 degrees to intercept the historic gold resource as close to perpendicular as possible. Core orientation studies are being conducted in concert with the drill program to validate the true width of the zone. True widths will be reported once the geometry of the gold zone has been determined.
All samples reported have been analyzed by fire assay with a 50 gram charge at TSL Laboratories, an ISO accredited facility, of Saskatoon, Saskatchewan. Results from a total of 732 drill core samples are expected in the next few weeks.
The winter program is principally comprised of two initiatives: diamond drilling and geophysical surveys. The drill program provides for 5,000 metres (16,400 feet) of drilling that first targets the Dubenski Shaft Zone and subsequently the Dogpaw Lake Vein No. 1 Zone (see maps at www.houstonlakemining.com). The program's purpose is to facilitate upgrading of historic resource data to modern standards.
Consulting geologists Watts Griffis and McOuat (WGM) of Toronto are managing the drill program at Dubenski. A 17-hole, 1,798.6 metre (5,899.4 ft.) drill program was completed in early March. Four drill sections were planned to systematically test the Shaft Zone to a vertical depth of 100 metres (328 feet). Each drill section consists of four drill holes.
Much of the historic exploration on the Dubenski property has been confined to depths shallower than 100 metres (328 feet). However, the 1998 drill program by Avalon Ventures Ltd. probed below previous drilling in the vicinity of the Shaft Zone and encountered increased widths of the alteration system hosting the gold mineralization.
E. Grayme Anthony, P. Geo. of Houston Lake 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 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 27,364,746 common shares issued and outstanding. For additional information, please visit us at www.houstonlakemining.com.
Company Contacts
Houston Lake Mining Linx Partners Ltd.
E. Grayme Anthony P.Geo., MBA Bryce Bradley or Wanda Cutler
President and CEO Tel: 877-369-5469
Tel: 705-897-7622
Fax: 705-897-7618
ganthony@vianet.on.ca
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.
Houston Lake Mining Inc. 2892 White Street, Val Caron, Ontario, Canada P3N 1B2
Source: Houston Lake Mining Inc. (TSX-V: HLM) (OTCBB Pink Sheets: HLKMF) http://www.houstonlakemining.com
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