HLM Commences Resource Estimate for the PAK Rare Metals Project in Ontario, Canada
30 September 2013 - 11:30PM
Business Wire
Houston Lake Mining Inc. (TSX.V: HLM), is pleased to
report that as a result of the drilling program on the PAK Rare
Metals Project in 2013, the Company has commenced a National
Instrument (“NI”) 43-101 compliant Mineral Resource estimate with
GENIVAR (TSX: GNV), a Montreal-based firm. GENIVAR is one of
the largest engineering firms in Canada and has a mining division
maintaining independent consulting geologists and engineers.
“We are pleased to be in a position to advance the PAK Rare
Metals Project to this next stage with a reputable firm such as
GENIVAR. We anticipate that the initial Mineral Resource Estimate
should be completed by the end of November 2013. Further to an
estimate of lithium, tantalum, rubidium and possibly cesium
contained therein, this will serve as a base from which HLM can
potentially expand the high grade resource to the northwest and
southeast of the pegmatite deposit beyond the current limit of
drilling,” commented Trevor R. Walker, President of HLM.
About the PAK Rare Metals ProjectThe PAK Rare Metals
Project lies between two geological sub-provinces in northwestern
Ontario. The deposit is a LCT (lithium, cesium, tantalum)
classified pegmatite. These type of deposits have been the
principal source of hard rock lithium, tantalum, rubidium and
cesium ores mined in the world.
6 diamond drill holes totalling 1,000 metres, were drilled by
HLM on the Pakeagama pegmatite in 2013. Resulting from drilling,
the Pakeagama pegmatite maintains a 250 metre strike length, an
width varying from 45 to 125 metres with an assumed sub-vertical
orientation of the pegmatite body. Highlights from diamond drilling
include high grade lithium and tantalum up to 4.22% Li2O over 18
metres and 236 ppm Ta2O5 over 19 metres in two distinct pegmatite
zones.
About Houston Lake Mining Inc.HLM’s goal is to become a
fully integrated lithium and tantalum producer by targeting the
growth as a result of the shift towards electric/hybrid vehicles
and high quality consumer electronics through the development of
the PAK Rare Metals Project in Ontario, Canada. HLM’s Board of
Directors and Management combined have over 255 years of
exploration and mining experience in order to facilitate the
Company’s goal of becoming a raw material supplier of the elements
required for the pursuit of sustainable energy, and other
applications in high-tech electronics and metal alloys.
HLM has a total of 76,665,695 common shares issued and
outstanding. For additional information, please visit
www.houstonlakemining.com.
Company Contact Information
Trevor R. Walker, President2736
Belisle DriveVal Caron, ON.P3N 1B3 CANADA
T. +001 705.897.7622
F. +001 705.897.7618
Henry Kloepper, CEOT. +001
416.520.0187
Forward-looking StatementsNeither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
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
http://www.sedar.com
Houston Lake Mining Inc.Trevor R. Walker, +001
705-897-7622PresidentF. +001 705-897-7618orHenry Kloepper,
+001 416-520-0187CEO
Houston Lake Mining Inc. (TSXV:HLM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Houston Lake Mining Inc. (TSXV:HLM)
Historical Stock Chart
From Jul 2023 to Jul 2024