Diamond Drill Program Commences on the PAK Rare Metals Project in Ontario
Sudbury, Ontario – February 18, 2014 - 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 commencement of diamond drilling on the PAK Rare Metals Project, located near Red Lake, Ontario. The phase II diamond drill program is a follow-up to the Canadian National Instrument (N.I.) 43-101 maiden mineral resource estimate that was filed by the Company in December 2013, (see news release dated December 4th, 2013). The drill program will focus on the recommendations from the report with a particular focus on the higher grade Upper Intermediate Zone (UIZ) of the deposit, and is designed to expand and infill the current resource on the project by testing along strike, and to infill on selected sections of the deposit. The current drill program will consist of approximately 1,000 m in six holes targeting the sub-vertical Pakeagama Lake pegmatite. The objectives of the program are (1) to upgrade a portion of the resource to an indicated level, specifically some of the 1.17 million tonnes grading 3.44% Li2O in the low-iron, technical/ceramic grade lithium zone (UIZ) , and (2) to expand the resource which currently has a 265m strike length with an width varying from 45 to 125m. 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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