Diamond Drill Program Commences on the PAK Rare Metals Project in Ontario
Sudbury, Ontario – March 1, 2013 - Houston Lake Mining Inc. (TSX.V: HLM), is a mining exploration company which is actively exploring for the rare metals lithium, cesium, tantalum, and rubidium by currently focusing on its 100% owned and optioned PAK Rare Metals Project in northwestern Ontario, Canada. HLM is pleased to announce the commencement of diamond drilling on the PAK Rare Metals Project, located near Red Lake, Ontario. This initial phase I of diamond drilling is follow-up to the 2012 PAK exploration program which included surface channel samples of the Pakeagama Lake pegmatite (see news releases dated January 10th and 29th, 2013). The drill program will focus on drill targets derived from the high grade mineralization encountered in various zones at surface.
The current drill program consists of 1,000 m in six holes. The objectives of the program are (1) to determine the orientation, thickness and zonation of the Pakeagama Lake pegmatite, and (2) to refine the mineralogical characterization of these zones by better establishing their lithium, tantalum, cesium and rubidium potential. The drilling will be completed before the end of this winter and results will be reported as they are received and interpreted.
About Frontier Lithium Inc. HLM’s goal is to become a fully integrated lithium, rubidium and tantalum producer with development of the PAK Lithium Project in Ontario, Canada. Based on the PAK deposit’s high-purity, technical-grade spodumene, a relatively lower capital requirement to enter in to the lithium supply market is possible by firstly becoming a technical-grade lithium concentrate supplier. HLM is focused on a staged approach to indirectly participate in the burgeoning lithium battery industry by taking advantage of the disruptive change to market fundamentals by targeting the ceramic-glass industry (industrial users). Currently, the glass/ceramics segment is the second largest in total lithium demand whereby supply pressure is taking place due to the threat of lithium battery growth.
Company Contact Information 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 https://www.sedar.com
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