PHASE IV DIAMOND DRILL PROGRAM COMMENCES ON THE PAK LITHIUM PROJECT IN ONTARIO
Sudbury, Ontario – September 15, 2015 - Houston Lake Mining Inc., (TSX.V: HLM).HLM is pleased to announce the commencement of diamond drilling on the PAK Lithium Project, located in the Red Lake area of Ontario. The Phase IV 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 and a recently completed Phase III Diamond Drill Program. The Phase IV Drill Program (“the Program”) is designed to test the hypothesis that the deposit is plunging to the south-east.
The drill program is to consist of approximately 600 metres in two holes targeting the Pakeagama Lake pegmatite. The objectives of the program are twofold. The first is to intersect the pegmatite at a predicted depth in order to substantiate the hypothesized southeasterly plunge of the deposit. This information would then be used for future drill hole targeting. The second objective is to extend the strike length of the deposit and use any qualifying additional tonnage in a future Resource Estimate update. The Program is currently underway and will be completed in the near future with results to be reported as they are received and interpreted. In addition to drilling, stripping and in-fill channel sampling of the Upper Intermediate Zone (UIZ) has recently been conducted along strike to the north-west of the 300 tonne bulk sample site (see March 23, 2015 news release) to better define the geometry and grade at surface. The objective of the channel sampling is to increase the confidence level of the high-grade lithium zone’s surficial exposure and to incorporate this data in a future Resource Estimate update.
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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