HLM Completes 7-Hole, 1,500 Metre Phase II Diamond Drill Program On The PAK Rare Metals Project In Ontario
Sudbury, Ontario – March 26, 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 addition of 500 metres to the originally planned 1,000m announced on the February 18, 2014 press release. 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 focused on the recommendations from the report 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 with a particular focus on the higher grade Upper Intermediate Zone (UIZ) of the deposit.
The drill program consisted of 1,500 m in seven holes targeting the Pakeagama Lake pegmatite. The objectives of the program are (1) to upgrade some of the resource to an indicated level, specifically some of the 1.17 million tonnes grading 3.44% Li2O in the technical/ceramic grade spodumene lithium zone (UIZ) with low inherent iron, and (2) to expand the resource which currently has a 265m strike length with an estimated width varying from 45 to 125m with a sub-vertical orientation. Samples are currently being processed and will be sent to the laboratory shortly. The assay results of all drillholes will be released once analyses have been reviewed and are subject to QA-QC review.