HLM Increases Land Position by 175% to 2,816 Hectares through Recent Staking on the PAK Rare Metals Project in Northwestern Ontario
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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