NI 43-101 Mineral Resource Estimate Received for Houston Lake Mining’s Dubenski Gold Property
Increase in Width and Gold Grade Positively Impact Shaft Zone Resource
WGM Recommends $1,268,300 Work Plan for Property
Sudbury, Ontario – January 16, 2009 – 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 a National Instrument 43-101(NI 43-101) compliant Mineral Resource estimate on the Dubenski Shaft Zone has been received from Watts, Griffis and McOuat Limited (WGM), an independent geological and engineering consulting firm based in Toronto.
“The drilling of the Dubenski Shaft Zone has exceeded our expectations,” said E. Grayme Anthony, President and Chief Executive Officer. “The historic resource encompassed three gold zones, yet our initial drill program targeting just one of these three gold zones has already found 87% of the ounces contained in the historic resource.”
Mr. Anthony further stated: “Given that the gold resource is high grade and near surface, I believe we have only just started to reveal the potential at Dubenski. With drill results and IP surveys both validating this theory, we recently completed Phase II drilling on the Shaft Zone (SZ). I am encouraged that the key features that distinguished the Shaft Zone have been intersected in the Phase II drill core.”
WGM was contracted to carry out a technical review of the Dubenski Property and design and supervise a definition drilling program in order to prepare a NI 43-101 compliant Mineral Resource estimate for the Dubenski Shaft Zone portion of the historic gold resource. The categorized Mineral Resources at a 1.0 g Au/t cutoff can be seen here at the company’s website.
