Houston Lake Mining Completes Phase II Drilling On The Dubenski Gold Property
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Shaft Zone Extended To Over 165 Metres Along Strike
3D Modelling Illustrates Strengthening IP Response With Depth
Sudbury, Ontario – December 18, 2008 – Houston Lake Mining Inc. (TSX.V: HLM), an advanced
exploration company seeking gold, platinum group and rare metal deposits in Ontario , is pleased to announce that the Phase II 22 hole, 2,232m (7,321 ft.) diamond drill program has been completed in the vicinity of the Shaft Zone. The Shaft Zone forms a significant portion of the Dubenski historic gold resource of 355,286 tonnes grading 6.32 g/mt gold (391,636 tons averaging 0.184 oz/st gold). The current drill program aims to expand the Shaft Zone resource from the Phase I drilling carried out earlier this year. A total of 205 core samples have been shipped thus far. Results are expected in 6 to 8 weeks and will be announced as soon as they are received.
“Last winter’s Phase I drill program at the Dubenski Shaft Zone returned some of the best gold intercepts in Houston Lake ’s history (see Table 1),” said E. Grayme Anthony, President and Chief Executive Officer.
“The Phase II program has successfully extended the Shaft Zone from 60 metres to over 165 metres along strike and 3D models illustrate an improving geophysical response with depth. We are encouraged that the key features that distinguish the Shaft Zone have been intersected in the Phase II drill core.” The recently completed Phase II drill program has added four new drill sections to the east and two new drill sections to the west of the four sections intersecting the highly altered rocks of the Shaft Zone.
Drilling by Houston Lake last winter has defined the Shaft Zone for a strike length of 60 metres (197 feet) and to a depth of approximately 100 metres (328 feet). The altered rocks of the Shaft Zone have now been traced for a total strike length of 165 metres (541 feet). Drilling at depth encountered a north-south striking fault which has offset the zone approximately 25 metres (82 feet) to the north. However, the package of rocks hosting the gold zone continues on the other side (to the west) of the fault. It is noted that the altered rocks defining the Shaft Zone have been traced to vertical depth of 230 metres (754 feet) in a hole drilled by Avalon Ventures in 1997.
For additional information, please visit us at www.houstonlakemining.com.
