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Published : September 08th, 2015

HLM Drills Eastern Extension On The Pak Lithium Project Intersecting 2.64% Li2o Over 70.4 Metres

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Keywords :   Canada | Diamond | Iron | Lithium | Market | Rubidium |

HLM Drills Eastern Extension On The Pak Lithium Project Intersecting 2.64% Li2o Over 70.4 Metres

HLM Drills Eastern Extension On The Pak Lithium Project Intersecting 2.64% Li2o Over 70.4 Metres

Sudbury, Ontario -September 8, 2015- Houston Lake Mining Inc. (TSX.V: HLM) - HLM is pleased to announce the remaining results of three (3) drill holes from a Phase III Diamond drill program designed to define the upper extent of mineralization along the eastern extension between holes PL-13-001 and PL-010-14. The assay and collar data for the 3 holes reported are presented in Tables I and II, respectively. A fouth hole, PL-022-15, drilled 100m to the east did not interesect pegmatite, however, the presence of tourmaline-rich aplite and quartz veins suggest proximity to the pegmatite body.

Highlights:

  • Diamond Drill Hole (DDH) PL-016-15 intersected 2.64% Li2O over 70.4 metre (m) from 77.45m to 147.85m including an Upper Intermediate Zone (UIZ) of 3.68% Li2O over 15.45m from 96.0 to 111.45m,
  • DDH PL-019-15 scissored from the south and 30m to the east of PL-016-15, intersected 2.25% Li2O over 70.55m from 103.15 to 173.70m including an 11.0m wide lithium-enriched zone averaging 3.03% Li2O from 123.0 to 134.0m,
  • Mineralization remains open to depth and along strike to the northwest and southeast.
  • Drill results suggest mineralization is plunging to the south-east and possibly present beneath hole PL-022-15 (100m east of known mineralization).

Table I - Core Length Intercepts (Pakeagama Lake pegmatite)

DDH PL-016 -15 Designed to test from the NNE, the thickness of granite beneath hole PL-13-006 and to define the northern boundary of the metasediments intersected at depth in holes PL-13-001 and PL-013-14
Zone Width (m) Li2O (%) Ta2O5 (ppm) SnO2 (ppm) Nb2O5 (ppm) Rb2O (%) Cs2O (%) Geology
Lithium plus Tantalum and Rubidium enriched zones
77.45 - 147.85 m 70.40 2.64 90 63 39 0.28 0.04 UIZ/LIZ
Including 89.00 - 94.00 m 5.00 0.36 247 115 65 0.15 0.02 Aplite
Including 96.00 - 111.45 m 15.45 3.68 79 73 30 0.23 0.04 UIZ
Rubidium, Tantalum and Tin enriched zone
178.20 - 188.00 m 9.80 0.36 180 442 164 0.24 0.04 Aplite/granite
Including 182.85 - 188.00 m 5.15 0.51 293 787 265 0.31 0.05 Transition zone
195.35 - 229.00 m 33.65 0.49 157 328 85 0.29 0.05 CIZ/granite
Including 195.35 - 212.00 m 16.65 0.47 180 283 119 0.27 0.05 WZ/CIZ
Including 195.35 - 200.00 m 4.65 0.46 244 524 164 0.28 0.05 WZ
DDH PL-017 -15 Designed to test from the NNE, the upward extension of the LIZ intersected in hole PL-010-14.
Zone Width (m) Li2O (%) Ta2O5 (ppm) SnO2 (ppm) Nb2O5 (ppm) Rb2O (%) Cs2O (%) Geology
Lithium plus Tantalum and Rubidium enriched zones
63.00 - 66.80 m (3) 3.80 1.94 161 230 62 0.46 0.03 LIZ
144.75 - 159.00 m 14.25 2.17 58 63 28 0.12 0.03 LIZ
Including 144.75 - 156.00 m 11.25 2.66 72 77 33 0.13 0.04 LIZ
173.30 - 188.60 m 21.30 1.60 97 79 28 0.41 0.01 LIZ
Including 173.30 - 188.60 m 15.30 2.12 102 85 29 0.30 0.01 LIZ
Rubidium plus Tantalum and Tin enriched zone
202.10 - 238.70 m 36.60 0.51 88 123 40 0.21 0.06 WZ/Aplite
Including 233.65 - 238.70 m 5.05 0.63 203 364 88 0.30 0.05 WZ/Aplite
DDH PL-019 -15 Designed to test from the south, the upward extension of the LIZ intersected in hole PL-010-14 from the south.
Zone Width (m) Li2O (%) Ta2O5 (ppm) SnO2 (ppm) Nb2O5 (ppm) Rb2O (%) Cs2O (%) Geology
Lithium plus Tantalum, Tin and Rubidium enriched zones
45.90 - 52.35 m(3) 6.45 1.99 204 514 88 0.30 0.04 LIZ
103.15 - 173.70 m 70.55 2.25 77 131 54 0.33 0.04 LIZ
Including 123.00 - 134.00 m 11.00 3.03 58 89 40 0.31 0.04 LIZ/UIZ
Including 153.00 - 170.00 m 17.00 2.47 73 94 57 0.25 0.02 LIZ

(1)The intervals in Table I are drill intersection widths. There is currently insufficient data to determine the true thickness of the pegmatite.
(2) Li20 content in the CIZ is predominantly associated with lithian micas and to a lesser extent (if any) in spodumene. Li2O content in the Li enriched zones is predominantly associated with spodumene.
(3) There is insufficient data to determine if the noted intersection is a part of the Pakeagama pegmatite. Due to the intercept's spatial location it is unknown if the mineralization indicates another pegmatite at this time.
n/a = Not applicable

The Upper Intermediate (UIZ), Central Intermediate (CIZ), Lower Intermediate Zones (LIZ) and Wall Zone (WZ) were previously described in the July 2, 2013 Press Release. Zones of sodic aplite are present in all holes and vary in width from tens of centimetres to several metres, and contain significant concentrations of Ta, Rb and Cs.

Noteworthy observations are that the NNE (footwall) boundary with the metasediments is consistent and predictable while the SSW (hanging wall) contact with the granite is somewhat erratic and complicated by granitic blocks and rafts, and appears to have been variably affected (metasomatized) by the pegmatite intrusion event(s). The mineralized pegmatite remains open along strike to the WNW and ESE, and at depth. Granitic blocks/rafts mapped on surface appear to diminish with depth. The scissor pairs of DDH-16 and 19 and DDH-10 and 17 indicate that the pegmatite zone is at minimum 40m wide, sub-vertical and appears to be plunging under the granite blocks intersected in the shallower holes.

Table II- Collar Locations for Diamond Drill Hole (DDH)

DDHNo NAD83 (Zone 15N) Elevation (mASL) Azimuth Inclination Total Depth (m)
Easting Northing
PL-016-15 474635 5827978 316 210 -60 247.5
PL-017-15 474664 5827978 320 180 -60 267.0
PL-019-15 474636 5827869 314 000 -60 195.0
PL-022-15 474746 5827819 315 015 -45 220.5

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 HLM's QA/QC procedures, the Diamond drill contract specified NQ-sized drill core providing a 47.6 mm diameter sample. The drill holes were oriented perpendicular to the strike of the pegmatite and drilled continuously across it. Sample security and chain of custody started with the removal of core from the core tube and boxing of drill core at the drill site. The boxed core remained under the custody of the drill contractor until it was transported from the drill to the secure on-site Core Shack facility by either the drill contractor or one of the Company's designated personnel. At the on-site Core Shack, core boxes were opened and inspected to ensure correct boxing and labelling of the core by the drill contractor, photographed and then re-closed. The core was stored securely until moved into the Core Shack for processing. The company geologists logged the core, and then marked and tagged it for sampling and splitting. Each core sample was assigned a tag with a unique identifying number. Sample lengths are typically one meter, but can be less depending on zone mineralogy and boundaries. The Core was then re-closed and shipped to the company's off-site core splitting facility in Sudbury, Ontario. Core marked for splitting was cut using a Diamond core saw with a mounted jig to assure the core was cut lengthwise into equal halves. Half of the core was sent to an analytical laboratory for quantitative analysis of select elements. The remaining half of the core is retained and incorporated into HLM's secure, off-site core library.

All samples were assayed by Activation Laboratories Ltd. ("Actlabs"), an ISO accredited laboratory in Ancaster, 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.

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 (lithium- cesium- 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) . 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 has a known 400m 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, 1,500m Diamond drill program was conducted with the objective 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.
HLM's 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. Combined, HLM's Board of Directors and Management have over 300 years of finance, exploration and mining experience to facilitate the Company's goal.

HLM has a total of 108,043,248 common shares issued and outstanding. For additional information, please visit the company website at www.houstonlakemining.com.

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

Henry J. Kloepper , CEO
T. +001 416.520.0187

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 www.sedar.com.

Read the rest of the article at www.noodls.com
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CODE : HLM.V
ISIN : CA4419241076
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Houston Lake Mining is a gold and palladium exploration company based in Canada.

Houston Lake Mining holds various exploration projects in Canada.

Its main exploration properties are PAKEAGAMA LAKE, TIB LAKE, WEST CEDARTREE and DUBENSKI (WEST CEDARTREE) in Canada.

Houston Lake Mining is listed in Canada. Its market capitalisation is 11.9 millions as of today (US$ 9.1 millions, € 8.2 millions).

Its stock quote reached its highest recent level on March 14, 1997 at 3.50, and its lowest recent point on December 31, 2012 at 0.03.

Houston Lake Mining has 47 442 200 shares outstanding.

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TSX-V (HLM.V)
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