SUDBURY, Ontario--(BUSINESS WIRE)--Houston Lake Mining Inc. (TSX.V: HLM), 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 completion of a Mobile Metal Ion (“MMI”) geochemical survey on 60% of this 1,792 hectare (4,424 acre) property.
In June 2011, Peter J. Vanstone P.Geo. the qualified person for the project, conducted an MMI orientation soil survey over the exposed Pakeagama Lake pegmatite. The results of this survey identified 15 elements that had a definitive response to the pegmatite, and specifically established a characteristic cesium, lithium, and rubidium soil MMI response. It also allowed the Company to define the best soil sample depth range for future MMI surveys on the property. Later in 2011, Mr. Vanstone supervised a detailed reconnaissance MMI soil survey of the four more southerly claims.
The Company is pleased to announce that the regional survey returned very encouraging MMI results. Specifically, elevated cesium, lithium and rubidium MMI values are concentrated both to the northwest and southeast directions within the property and coincident with the assumed orientation of the Pakeagama Lake pegmatite. The MMI geochemical signatures are of similar amplitudes to that of the orientation survey over the Pakeagama Lake pegmatite itself. As a result, the Company is planning a preliminary exploration drill program, which, in part will reinforce the MMI geochemical exploration model defined by the orientation survey.
“The objective of the MMI geochemical program is to aid in the targeting and planning of a Phase I diamond drill program. Upon completion of the MMI survey and a future Phase I diamond drill program, the knowledge gained should provide us with a unique and cost effective geochemical survey tool we can use in further definition of our Pakeagama Lake rare metal pegmatite, or other similar pegmatites in central Canada”, said Trevor R. Walker, President of HLM.
For more information on HLM’s Pakeagama Rare Metal Project please visit:
About Houston Lake Mining Inc.
HLM is a mining exploration company that is actively exploring for the rare metals cesium, tantalum, lithium, and rubidium and currently focusing on its 100% owned and optioned Pakeagama Rare Metals Project in northwestern Ontario, Canada. HLM has a total of 58,119,056 common shares issued and outstanding. For additional information, please visit www.houstonlakemining.com.
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 www.sedar.com.