SUDBURY, ON / CRWEPRESSRELEASE / September 15, 2015 / Houston Lake Mining Inc. (TSX Venture: HLM). HLM is pleased to announce the commencement of diamond drilling on the PAK Lithium Project, located in the Red Lake area of Ontario. The Phase IV diamond drill program is a follow-up to the Canadian National Instrument (N.I.) 43-101 Mineral Resource Estimate news release that was disseminated January 28th, 2015 and a recently completed Phase III Diamond Drill Program. The Phase IV Drill Program (“the Program”) is designed to test the hypothesis that the deposit is plunging to the south-east.
The drill program is to consist of approximately 600 metres in two holes targeting the Pakeagama Lake pegmatite. The objectives of the program are twofold. The first is to intersect the pegmatite at a predicted depth in order to substantiate the hypothesized southeasterly plunge of the deposit. This information would then be used for future drill hole targeting. The second objective is to extend the strike length of the deposit and use any qualifying additional tonnage in a future Resource Estimate update. The Program is currently underway and will be completed in the near future with results to be reported as they are received and interpreted. In addition to drilling, stripping and in-fill channel sampling of the Upper Intermediate Zone (UIZ) has recently been conducted along strike to the north-west of the 300 tonne bulk sample site (see March 23, 2015 news release) to better define the geometry and grade at surface. The objective of the channel sampling is to increase the confidence level of the high-grade lithium zone’s surficial exposure and to incorporate this data in a future Resource Estimate update.
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. A Phase III, 1,500m diamond drill program was recently 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.
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.
 See HLM Press Release January 28, 2015 titled “HLM Announces an Upgraded NI 43-101 Resource Estimate for the PAK Rare Metals Project in Ontario, Canada”
About Houston Lake Mining Inc.
HLM’s goal is to become a fully integrated lithium and tantalum producer through the development of the PAK Lithium Property 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 108,757,748 common shares issued and outstanding. For additional information, please visit www.houstonlakemining.com.
Company Contact Information
Trevor R. Walker, President
T. +001 705.897.7622
Henry Kloepper, CEO
2736 Belisle Drive
Val Caron, ON.
P3N 1B3 CANADA
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.
SOURCE:Houston Lake Mining Inc.