Houston Lake Participates in Chicago Resource Expo
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 Lithium Project in northwestern Ontario, Canada. We are pleased to announce that the Company will be participating in the Chicago Resource Expo which has been an annual event since 1977 hosted by natural resource specialist Rich Radez on November 20, 2015 at The Lincolnshire Marriott Resort. For more information please visit their website at www.chicagoresourceexpo.com. Trevor Walker will be providing an update on the significant progress the company has made over the past year in addition he will also be outlining HLM’s future objectives and goals of the company.
On September 15, 2015 HLM announced the Phase IV Drill Program on the PAK Lithium Project, located in the Red Lake area of Ontario. The Phase IV diamond drill program was a follow-up to the Canadian National Instrument (N.I.) 43-101 Mineral Resource Estimate news release that was disseminated January 28th, 2015 and the Winter Phase III Diamond Drill Program. The Phase IV Drill Program (“the Program”) was designed to test the hypothesis that the deposit is plunging to the south-east. Results of the Program will be released in the near future.
About the PAK Lithium Project
The PAK Lithium Project lies close to the boundary between two geological sub-provinces of the western Superior geologic province in northwestern Ontario and hosts a rare metals pegmatite deposit. The deposit is an LCT (lithium- cesium- tantalum) type pegmatite. These types of pegmatites have been the principal source of hard rock lithium, tantalum, rubidium and cesium ores mined in the world but there are comparatively few commercially-viable deposits.
HLM is actively exploring its 100% owned and optioned project which contains the Pakeagama Lake pegmatite. The deposit is one of the highest grade lithium deposits in North America which has a current Indicated Resource of 2.45 million tonnes of 1.81% Li2O Eq. and Inferred Resource of 5.91 million tonnes of 2.01% Li2O Eq. which has a technical/ceramic grade spodumene with low inherent iron (below 0.1% Fe2O3)[1]. The deposit has adjacent zones that are enriched in rubidium and tantalum. HLM is also evaluating the phased co-production of rubidium and tantalum concentrates once lithium mineral production has been commercialized.
The deposit has a known 400m strike length with an estimated true width varying from 10m to 125m with a sub-vertical orientation. The resource remains open to depth and along strike to the northwest and southeast. A Phase III, 1,500m diamond drill program was recently conducted with the objective to upgrade the lithium Indicated mineral resource to a Measured category, and to possibly upgrade the Inferred mineral resource to a Measured and Indicated category.
About Houston Lake Mining Inc.
HLM’s goal is to become a fully integrated lithium, rubidium 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 300 years of finance, exploration and mining experience to facilitate the Company’s goal.
HLM has a total of 108,757,748 common shares issued and outstanding. For additional information, please visit www.houstonlakemining.com.
Company Contact Information
Trevor R. Walker, President
T. +001 705.897.7622
Henry Kloepper, CEO
T. +001 416.520.0187
2736 Belisle Drive
Val Caron, ON.
P3N 1B3 CANADA
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 http://www.sedar.com
[1] See HLM Press Release September 15, 2015 titled “Phase iv Diamond Drill Program Commences on the PAK Lithium Project in Ontario”
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/houstonlake11192015.pdf
Source: Houston Lake Mining Inc. (TSX Venture:HLM) http://www.houstonlakemining.com/
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