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HLM Expands the Pakeagama Rare Metals Property to the North-West of its exposed high-grade pegmatite by staking
Sudbury, Ontario CANADA, Nov 08, 2012 (Filing Services Canada via COMTEX) -- Houston Lake Mining Inc. (HLM - TSX Venture), is a mining exploration company which is actively exploring for rare metals and currently focusing on its 100% owned and optioned Pakeagama Rare Metals Project in northwestern Ontario, Canada. HLM is pleased to announce the staking of additional prospective rare metal properties adjacent to the Pakeagama Project. HLM now holds a 100 percent interest in 1,792 hectares (4,424 acres) of mining claims at its Pakeagama Rare Metals Project. This land position covers the known exposures of the Pakeagama rare metals pegmatite.
"Strong market interest in rare metals has made our Pakeagama Rare Metals Project a market leader and the focus of exploration for high grade targets" said Trevor R. Walker, President. "We believe that we hold the key ground identified by the Ontario Geological Survey (OGS) in their 1998-1999 rare metals evaluation of the region and are happy to have significant grounds that suggest the extension of the known mineralized pegmatite. High grade cesium, tantalum, and lithium oxide values have been reported at the surface of the exposed pegmatite which is open in all directions on our project."
Recently HLM conducted a channel sample verification program on the Pakeagama pegmatite, whereby procedures are being used to assess the pegmatite using NI43-101 standards. Independent geologists have indicated that this is a highly prospective target containing rare metal signatures similar to the Tanco Mine, located in neighbouring southeastern Manitoba. Cesium is produced primarily from the Tanco mine owned by Cabot Corporation which in the mid-1990's, accounted for approximately 82% of the reported world reserves. For more information on rare metals cesium and tantalum and HLM's Pakeagama Rare Metal Project please visit:
https://www.houstonlakemining.com/images/Presentations/Rare_Metals_Fact_Sheet_2012.pdf