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HLM Announces 6.89 Million Tonnes Grading 1.86% Li2O equivalent with an Initial Resource Estimate for the PAK Rare Metals Project in Ontario, Canada
HLM Announces 6.89 Million Tonnes Grading 1.86% Li2O equivalent with an Initial Resource Estim...
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[{"type":"text","content":"HLM Announces 6.89 Million Tonnes Grading 1.86% Li2O equivalent with an Initial Resource Estimate for the PAK Rare Metals Project in Ontario, CanadaHLM Announces 6.89 Million Tonnes Grading 1.86% Li2O equivalent with an Initial Resource Estimate for the PAK Rare Metals Project in Ontario, Canada\n\nSudbury, Ontario CANADA, December 04, 2013 /FSC/ - Houston Lake Mining Inc. (HLM - TSX Venture), is pleased to report a Canadian National Instrument (N.I.) 43-101 maiden mineral resource estimate for the PAK Rare Metals Project, located in northwestern, Ontario. The resource estimation has been prepared by GENIVAR (TSX: GNV), a Montreal-based firm. GENIVAR is one of the largest engineering firms in Canada and has a mining division maintaining independent consulting geologists and engineers.\n \nHighlights:\n\n* 6.89 million tonnes grading at 1.86% Li2O equivalent(eq.) in the inferred category;\n* 1.17million tonnes grading 3.44% Li2O in technical/ceramic grade lithium zone (UIZ) with a low inherent iron spodumene, \n* 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, and;\n*  Resource remains open to depth and along strike to the northwest and southeast.\n\n\"Although at an early stage, we are extremely pleased with the results of our resource estimate since there are definitely analogous features to the high grade, multi-element, and large tonnage of the prolific Tanco pegmatite in southeastern Manitoba(1),\" commented Trevor R. Walker, President of HLM. \"The report confirms that the Pakeagama Lake pegmatite's lithium mineralization is wide, high grade, continuous, consistent and with tantalum and possibly rubidium and cesium byproducts.\"\n\nTable I: Inferred Mineral Resource Estimate - PAK Rare Metals Project (Pakeagama Lake pegmatite deposit)(7)\n\n-***-\n\n-----------------------------------------------------------------------\n Cut-off        Commodity   Geologic Zone  Tonnes   Li2O   Ta2    Cs2O\n 0.4 Li2O Eq.                             (x 1,000)  (%)   &#...