Houston Lake Mining Announces an Upgraded NI 43-101 Resource Estimate for the PAK Lithium Project

Houston Lake Mining Inc. (TSXV:HLM) announced a Canadian National Instrument (N.I.) 43-101 mineral resource estimate for the PAK Lithium Project, located in northwestern, Ontario. The resource estimation has been prepared by WSP Canada Inc., a Montreal-based firm. WSP is one of the largest engineering firms in Canada and has a mining division maintaining independent consulting geologists and engineers.
As quoted in the press release:

Highlights:

• Measured and Indicated mineral resource of 7.89 million tonnes grading at 1.73% Li2O equivalent (eq)., including 6.87 million tonnes grading 1.96% Li2O eq. in high quality technical grade lithium zones with a low inherent iron spodumene;
• Inferred mineral resource of 295,600 tonnes grading at 1.35% Li2O (eq.), including 228,700 tonnes grading 1.69% Li2O eq. in technical grade lithium zones with a low inherent iron spodumene;
• A 206% change increase in measured and indicated Li20 eq. contained tonnes from the 2015 Resource Estimate;
• The Pakeagama Lake pegmatite has a 500m strike length with an estimated true width varying from 10 to 125m with a sub-vertical orientation of the pegmatite, and;
• Resource remains open to depth and along strike to the northwest and southeast.
  Based on exploration costs, the PAK deposit exhibits a low Measured and Indicated lithium acquisition cost at $21.66/contained Li2O eq. tonne for exploration.

Houston Lake Mining President ,Trevor R. Waker, stated:

We are extremely pleased with the results of our upgraded 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. With the deposit exposed at surface, this report also confirms with confidence that the Pakeagama Lake pegmatite’s lithium mineralization is wide, high grade, continuous and consistent, persisting at depth, and with tantalum and possibly rubidium and cesium byproducts. Furthermore, we are happy to report that development work, including metallurgical and environmental baseline studies have been underway for the preparation of pre-feasibility to be conducted in 2016.