SUDBURY, Ontario--(BUSINESS WIRE)--
Houston Lake Mining Inc. (HLM.V), is a mining exploration
company which is actively exploring for rare metals lithium, tantalum,
rubidium and cesium by currently advancing its 100% owned and optioned
PAK Rare Metals Project in northwestern Ontario, Canada. HLM is pleased
to announce the appointment of Ernie Marcotte, P.Eng, FCIM to the board
of directors of the “Company.”
Mr. Marcotte has over 40 years of experience in the mining industry
involving metallurgical and mining operations, environmental control,
mineral processing, research and development, design engineering, plant
commissioning and corporate management. He has extensive experience in
gold, uranium, nickel-copper and platinum-palladium operations. He has
served in various senior management and engineering capacities which
include Mill Superintendent, General Mine Manager and Vice President.
Over a forty year period, Mr. Marcotte has worked for a number of
successful mining companies: Denison, East Malartic Gold, Upper Canada
Gold, Falconbridge, Pamour, MacIsaac (INCO Shebandowan Operation) and
North American Palladium. As Vice President Mining for North American
Palladium and Vice President and General Manager Mining Operations for
the Lac Des Iles Mine, he was instrumental in the initial commissioning
and progressive improvement of the mine and mill operations. Mr.
Marcotte has served as Senior Metallurgist for SNC Lavalin, Engineers
and Constructors. He served as Vice President of Operations for Mustang
Minerals Corp where his primary focus was fast tracking the Preliminary
Economic Assessment (PEA) and Pre-Feasibility Study and initiated the
Bankable Feasibility for the Maskwa Ni-Cu-PGE Project in Manitoba.
Most recently, Mr. Marcotte served as Senior Process Engineer for
Rubicon Minerals Corporation and was involved with design engineering
and equipment selection for the construction of the Phoenix Project
mineral processing plant. He has served on a number of Boards and
Committees in the communities in which he has resided and has served on
the Board of Directors for Mining Companies. Mr. Marcotte currently
serves on the Board of Directors of Numax Resources who are currently
advancing an iron-titanium property in North Western Ontario.
“We are very pleased to have Ernie join HLM. He brings great depth of
mine development and metallurgical experience which complements HLM’s
Board and Management,” commented Reginald (Rick) F. Walker, Chairman.
“We look forward to working with Ernie as we continue to develop one of
the highest grade lithium deposits in North America, with large tonnage
potential, and with byproducts such as tantalum, and potentially
rubidium and cesium on our PAK Rare Metals Project.”
The Company also announces that it has granted 2,050,000 stock options
to officers and directors. The options are set for a period of five
years, expiring on April 15, 2019. The options are priced at $.10 and
are subject to regulatory approval.
About the PAK Rare Metals Project
The PAK Rare Metals
Project lies close to the boundary between two geological sub-provinces
in northwestern Ontario and hosts a rare metals pegmatite deposit. The
deposit is a LCT (lithium, cesium, tantalum) classified pegmatite. These
rare types of deposits have been the principal source of hard rock
lithium, tantalum, rubidium and cesium ores mined in the world.
HLM is actively developing its 100% owned and optioned project which
contains the Pakeagama Lake pegmatite. The deposit has a current
NI-43.101 compliant Inferred Resource of 6.89million tonnes of 1.86% Li2O
Eq. Within the deposit, the pegmatite uniquely hosts 1.17million tonnes
grading 3.44% Li2O in a technical/ceramic grade spodumene
lithium zone (UIZ) with low inherent iron content. The Pakeagama Lake
pegmatite has a 265m strike length with an estimated width varying from
45 to 125m with a sub-vertical orientation of the pegmatite. The
resource remains open to depth and along strike to the northwest and
southeast.
About Houston Lake Mining Inc.
HLM’s goal is to become a
fully integrated lithium 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 255 years of exploration and mining experience to
help to facilitate the Company’s goal.
HLM has a total of 80,215,695 common shares issued and outstanding. For
additional information, please visit www.houstonlakemining.com.
Company Contact Information
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Trevor R. Walker, President
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Henry Kloepper, CEO
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2736 Belisle Drive
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T. +001 416.520.0187
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Val Caron, ON.
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P3N 1B3 CANADA
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T. +001 705.897.7622
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F. +001 705.897.7618
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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 http://www.sedar.com