HLM Appoints Metallurgist Ernie J. Marcotte (P.Eng, FCIM) as New Board Member
16 April 2014 - 12:29AM
Business Wire
Houston Lake Mining Inc. (TSX.V: HLM), is a mining
exploration company which is actively exploring for rare metals
lithium, tantalum, rubidium and cesium by currently advancing its
100% owned and optioned PAK Rare Metals Project in northwestern
Ontario, Canada. HLM is pleased to announce the appointment of
Ernie Marcotte, P.Eng, FCIM to the board of directors of the
“Company.”
Mr. Marcotte has over 40 years of experience in the mining
industry involving metallurgical and mining operations,
environmental control, mineral processing, research and
development, design engineering, plant commissioning and corporate
management. He has extensive experience in gold, uranium,
nickel-copper and platinum-palladium operations. He has served in
various senior management and engineering capacities which include
Mill Superintendent, General Mine Manager and Vice President. Over
a forty year period, Mr. Marcotte has worked for a number of
successful mining companies: Denison, East Malartic Gold, Upper
Canada Gold, Falconbridge, Pamour, MacIsaac (INCO Shebandowan
Operation) and North American Palladium. As Vice President Mining
for North American Palladium and Vice President and General Manager
Mining Operations for the Lac Des Iles Mine, he was instrumental in
the initial commissioning and progressive improvement of the mine
and mill operations. Mr. Marcotte has served as Senior Metallurgist
for SNC Lavalin, Engineers and Constructors. He served as Vice
President of Operations for Mustang Minerals Corp where his primary
focus was fast tracking the Preliminary Economic Assessment (PEA)
and Pre-Feasibility Study and initiated the Bankable Feasibility
for the Maskwa Ni-Cu-PGE Project in Manitoba.
Most recently, Mr. Marcotte served as Senior Process Engineer
for Rubicon Minerals Corporation and was involved with design
engineering and equipment selection for the construction of the
Phoenix Project mineral processing plant. He has served on a number
of Boards and Committees in the communities in which he has resided
and has served on the Board of Directors for Mining Companies. Mr.
Marcotte currently serves on the Board of Directors of Numax
Resources who are currently advancing an iron-titanium property in
North Western Ontario.
“We are very pleased to have Ernie join HLM. He brings great
depth of mine development and metallurgical experience which
complements HLM’s Board and Management,” commented Reginald (Rick)
F. Walker, Chairman. “We look forward to working with Ernie as we
continue to develop one of the highest grade lithium deposits in
North America, with large tonnage potential, and with byproducts
such as tantalum, and potentially rubidium and cesium on our PAK
Rare Metals Project.”
The Company also announces that it has granted 2,050,000 stock
options to officers and directors. The options are set for a period
of five years, expiring on April 15, 2019. The options are priced
at $.10 and are subject to regulatory approval.
About the PAK Rare Metals ProjectThe PAK Rare Metals
Project lies close to the boundary between two geological
sub-provinces in northwestern Ontario and hosts a rare metals
pegmatite deposit. The deposit is a LCT (lithium, cesium, tantalum)
classified pegmatite. These rare types of deposits have been the
principal source of hard rock lithium, tantalum, rubidium and
cesium ores mined in the world.
HLM is actively developing its 100% owned and optioned project
which contains the Pakeagama Lake pegmatite. The deposit has a
current NI-43.101 compliant Inferred Resource of 6.89million tonnes
of 1.86% Li2O Eq. Within the deposit, the pegmatite uniquely hosts
1.17million tonnes grading 3.44% Li2O in a technical/ceramic grade
spodumene lithium zone (UIZ) with low inherent iron content. The
Pakeagama Lake pegmatite has a 265m strike length with an estimated
width varying from 45 to 125m with a sub-vertical orientation of
the pegmatite. The resource remains open to depth and along strike
to the northwest and southeast.
About Houston Lake Mining Inc.HLM’s goal is to become a
fully integrated lithium and tantalum producer through the
development of the PAK Rare Metals Project in Ontario, Canada. The
Company's strategy is to take advantage of the global shift towards
electric/hybrid vehicles and high quality consumer electronics by
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. Combined, HLM’s Board of Directors
and Management have over 255 years of exploration and mining
experience to help to facilitate the Company’s goal.
HLM has a total of 80,215,695 common shares issued and
outstanding. For additional information, please visit
www.houstonlakemining.com.
Company Contact Information
Trevor R. Walker, President
Henry Kloepper, CEO
2736 Belisle Drive
T. +001 416.520.0187
Val Caron, ON.
P3N 1B3 CANADA
T. +001 705.897.7622
F. +001 705.897.7618
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
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