Source
Filing Services Canada
Date 01/12/2016
Time 08:20:12 AM
Company
HOUSTON LAKE MINING INC.
Title HLM Identifies 28 Metres of 4.41% Li2O at Surface Across its High
Grade
Lithium Zone at the PAK Lithium Project
CDNX Symbol: HLM
Press Release
SOURCE: Filing Services Canada
Date: 01/12/2016
Time: 11:18:00
Company: HOUSTON LAKE MINING INC.
Title:HLM Identifies 28 Metres of 4.41% Li2O at Surface Across its High
Grade
Lithium Zone at the PAK Lithium Project (HLM - TSXV)
TSXV SYMBOL: HLM
NEWS TRANSMITTED BY FILING SERVICES CANADA
FOR: Houston Lake Mining Inc.
TSXV SYMBOL: HLM
Tuesday, January 12, 2016 - 11:18 AM
Original Source Location:
http://www.fscwire.com/newsrelease/hlm-identifies-28-metres-441-li2osurface-acr
oss-its-high-grade-lithium-zone-pak-lithium
HLM Identifies 28 Metres of 4.41% Li2O at Surface Across its High Grade
Lithium
Zone at the PAK Lithium Project
Highlights:
8 new channels were cut across the Upper Intermediate Zone (UIZ) with up
to 28m
grading 4.41% Li2O in continuous channels 23 to 25.
All Channels returned consistent grades between 4.25% and 4.67% Li2O over
widths no less than 6.2m1 and;
The stripping and washing of the outcrop area has exposed a continuous
zone of
high-grade lithium (UIZ) up to 28m wide over a 115m strike length.
Sudbury, Ontario (FSCwire) - To view this table, please either click on
the
link below, or copy and paste the link into your browser:
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oss-its-high-grade-lithium-zone-pak-lithium
(1) Channels 23, 24 and 25 are slightly off-set from each other and
represent a
continuous section across the UIZ. Channels 26, 27, 28 and 29 are also
off-set
and represent a continuous sequence of UIZ and LIZ combined.
n/a = Not applicable
The UIZ represents a high grade lithium zone within the pegmatite and is
dominated by SQUI, a term used to describe an oriented spodumene + quartz
intergrowth after primary petalite, with lesser grey K-feldspar and
primary
white spodumene in quartz. Phosphate minerals and lithian mica are the
common
accessory minerals. Channels 23, 24 and 25 with a composite grade of
4.41% Li2O
represent a 28 metre section across the UIZ in thenorth-western part of
the
exposed pegmatite. Channel 22 is located approximately 105 metres
northwest
along strike from Channel 9 which was cut in 2013.
We are extremely pleased with these results from the stripping and
channel
sampling program as they prove consistently high lithium grades
throughout the
UIZ at surface and will be beneficial to the Resource Estimate update
anticipated to be completed this month, commented Trevor R. Walker,
President
of HLM. The stripping has uncovered additional high-grade zone which is
quite
wide, ranging from six to twenty-eight metres for a total strike length
of
approximately 115 metres and is consistent with drilled intersections in
holes
PL-13-003 and PL-011-14 below.
Table II Channel Locations
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paste
the link into your browser:
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oss-its-high-grade-lithium-zone-pak-lithium
Due Diligence
All scientific and technical information in this release has been
reviewed and
approved by Peter J. Vanstone, P.Geo., the qualified person (QP) under
the
definitions established by National Instrument 43-101. Under HLMs QA/QC
procedures, channels are cut with a motorized circular diamond saw, and
are 4
cm wide and 10 cm deep. The channels are oriented perpendicular to the
strike
of the pegmatite internal mineralogical zones and are cut continuously
across
the zones. The samples are removed using a hammer and chisel. The length
of a
channel is determined by the width of the pegmatite zone. Offset channels
are
cut where deemed appropriate. Sample lengths typically are 1 metre but
can be
less depending on zone mineralogy and boundaries. Samples are described,
placed
into a poly sample bag with a numbered sample tag and then shipped to the
assay
lab for quantitative analysis for select elements.
All samples were assayed by AGAT Laboratories Ltd. (AGAT), an ISO
accredited
laboratory in Rosslyn, Ontario. Sample blanks along with tantalum,
lithium,
rubidium and cesium certified reference material was routinely inserted
into
the sample stream in accordance with industry recommended practices.
Field
duplicate samples were also taken in accordance with industry recommended
practices.
Extension of Warrants and Options
The Company announces that effective January 8, 2016 the expiry date of
1,075,000 Warrants and 150,000 Options issues on January 8, 2014 and held
by an
insider will be extended from January 8, 2016 to May 8, 2016 (the
Amendment),
subject to regulatory approval. The exercise price of the warrants and
options
remains unchanged at $.11.
About the PAK Lithium Project
The PAK Lithium Project lies close to the boundary between two geological
sub-provinces of the western Superior geologic province in northwestern
Ontario
and hosts a rare metals pegmatite deposit. The deposit is an LCT
(lithiumcesium- tantalum) type pegmatite. These types of pegmatites have been the
principal source of hard rock lithium, tantalum, rubidium and cesium ores
mined
in the world but there are comparatively few commercially-viable
deposits.
HLM is actively exploring its 100% owned and optioned project which
contains
the Pakeagama Lake pegmatite. The deposit is one of the highest grade
lithium
deposits in North America which has a current Indicated Resource of 2.45
million tonnes of 1.81% Li2O Eq. and Inferred Resource of 5.91 million
tonnes
of 2.01% Li2O Eq. which has a technical/ceramic grade spodumene with low
inherent iron (below 0.1% Fe2O3)[1] (#_ftn1). The deposit has adjacent
zones
that are enriched in rubidium and tantalum. HLM is also evaluating the
phased
co-production of rubidium and tantalum concentrates once lithium mineral
production has been commercialized.
The deposit now has a known 480m strike length with an estimated true
width
varying from 10m to 125m with a sub-vertical orientation. The resource
remains
open to depth and along strike to the northwest and southeast. The Phase
III
and IV, diamond drill programs and the 2015 Channel sampling were
conducted
with the objectives to extend the known strike length and to upgrade the
lithium Indicated mineral resource to a Measured category, and to
possibly
upgrade the Inferred mineral resource to a Measured and Indicated
category.
About Houston Lake Mining Inc.
HLMs goal is to become a fully integrated lithium, rubidium and tantalum
producer through the development of the PAK Rare Metals Project in
Ontario,
Canada . The Company's strategy is to take advantage of the global shift
towards electric/hybrid vehicles and high quality consumer electronics by
becoming a raw material supplier of the elements required for the pursuit
of
sustainable energy and other applications in high-tech electronics and
metal
alloys.
HLM has a total of 114,172,069 common shares issued and outstanding. For
additional information, please visit the company website at
www.houstonlakemining.com (http://www.houstonlakemining.com).
Company Contact Information
Trevor R. Walker, President
2736 Belisle Drive
Henry J. Kloepper, CEO
T. +001 416.520.0187
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 Companys registered filings what are
available at
www.sedar.com.
[1] (#_ftnref1) See HLM Press Release January 28, 2015 titled HLM
Announces an
Upgraded NI 43-101 Resource Estimate for the PAK Lithium Project in
Ontario,
Canada.
Trevor R. Walker
President
+001 (705) 897-7622
Henry Kloepper
CEO
+001 (416) 520-0187
To view this press release as a PDF file, click onto the following link:
http://fscwire.com/sites/default/files/news_release_pdf/HoustonLkJan12201
6.pdf
Source: Houston Lake Mining Inc. (TSX Venture:HLM)
http://www.houstonlakemining.com/
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