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Houston Lake Mining Inc: 6.89 Million Tonnes Grading 1.86% Li2O Eq with an Initial Resource Estimate for PAK Rare Metals Project in Ontario
Houston Lake Mining Inc. (TSXV:HLM) has completed an NI 43-101 maiden mineral resource estimate for the PAK Rare Metals Project, located in northwestern, Ontario.
Houston Lake Mining Inc. (TSXV:HLM) has completed an NI 43-101 maiden mineral resource estimate for the PAK Rare Metals Project, located in northwestern, Ontario.
Highlights from the estimate include:
6.89 million tonnes grading at 1.86% Li2O equivalent(eq.) in the inferred category;
1.17million tonnes grading 3.44% Li2O in technical/ceramic grade lithium zone (UIZ) with a low inherent iron spodumene,
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;
Resource remains open to depth and along strike to the northwest and southeast.
Trevor R. Walker, President of HLM, commented:
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). 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.
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