Phase III Diamond Drill Program Commences On The Pak Rare Metals Project In Ontario
Sudbury, Ontario – February 24, 2015 – 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 in the Red Lake area of Ontario. The phase III diamond drill program is a follow-up to the Canadian National Instrument (N.I.) 43-101 mineral resource estimate news release that was disseminated January 28th, 2015. The Phase III Drill Program is designed to infill the current resource on the property.
The current drill program will consist of approximately 1,500m in six holes targeting the Pakeagama Lake pegmatite. The objective of the program is to upgrade the Indicated mineral resource of the 2.45 million tonnes grading at 1.81% Li2O equivalent (eq.), to a Measured category, and (2) to possibly upgrade the Inferred mineral resource of 5.91 million tonnes grading at 2.01% Li2O eq. to a Measured and Indicated category. The drilling will be completed before the end of this winter and results will be reported as they are received and interpreted.