HLM Increases Land Position by 175% to 2,816 Hectares through Recent Staking on the PAK Rare Metals
HLM Increases Land Position by 175% to 2,816 Hectares through Recent Staking on the PAK Rare Metals Project in Northwestern Ontario
SUDBURY, Ontario--(BUSINESS WIRE)-- Houston Lake Mining Inc. (TSX.V: HLM), is a mining exploration company that is specialized in rare metals and actively exploring for lithium, tantalum, cesium, and rubidium by focusing on its high grade, 100% owned and optioned PAK Rare Metals Project in northwestern Ontario, Canada. HLM is pleased to announce the recent staking of prospective and adjacent grounds which substantially increases the Company's controlled land position and size of the PAK Rare Metals Project to 2,816 hectares (6,958 acres).
"The Phase I diamond drill program which commenced in March, coupled with the recently increased property size confirms HLM's commitment to the strong market interest in strategic metals through our investment in a leading exploration target in the high-grade, multi-element Pakeagama Lake pegmatite on the PAK Rare Metals Project.", said Trevor R. Walker, President of HLM.
About the PAK Rare Metals Project
The Pakeagama Lake pegmatite has an exposed strike length of approximately 200m with a width up to 150m at surface with mineralization that is open along strike, and at depth. In September 2012, HLM conducted a 91 sample channel sampling program on the exposed pegmatite by targeting distinct geologic zones. The results of the program have identified high grade lithium, tantalum, and rubidium with up to 4.74% Li2O over 15 meters in three distinct pegmatite zones, 14 meters of 192ppm Ta2O5 (including 270ppm over 6 meters) and 0.53% Rb2O in one of the zones. Within the next three to five weeks, HLM will begin receiving assay results from the Phase I, 6-hole, 1,000-meter diamond drill program that commenced in March. The intention of this first drill program is to determine the orientation and thickness of the pegmatite, to better define the pegmatite zonation, and to refine the mineralogical characterization of these zones by establishing their lithium, tantalum, cesium and rubidium potential.
About Houston Lake Mining Inc.
HLM is a mining exploration company that is specialized in rare metals and actively exploring for lithium, cesium, tantalum, and rubidium by focusing on its 100% owned and optioned PAK Rare Metals Project in northwestern Ontario, Canada. HLM has a total of 70,236,695 common shares issued and outstanding. For additional information, please visit www.houstonlakemining.com.
Company Contact Information
Henry J. Kloepper, CEO, Trevor R. Walker, President
2736 Belisle Drive
Val Caron, ON.
P3N 1B3 CANADA
T. +001 705.897.7622
F. +001 705.897.7618
Forward-looking Statements
Neither 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 www.sedar.com.
Company Contact Information
Henry J. Kloepper, CEO, Trevor R. Walker, President
T. +001 705.897.7622
F. +001 705.897.7618
KEYWORDS: North America Canada
INDUSTRY KEYWORDS:
The article HLM Increases Land Position by 175% to 2,816 Hectares through Recent Staking on the PAK Rare Metals Project in Northwestern Ontario originally appeared on Fool.com.
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