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Houston Lake Mining Acquires Three Red Lake Mineral Properties
Apr. 19, 2016 11:15AM PST
Battery Metals
Houston Lake Mining Inc. (TSXV:HLM) announced it has fulfilled its obligations under an asset purchase agreement, dated effective Dec. 8, 2010, with two arm’s-length parties, to acquire 100-per-cent ownership in certain mineral properties located in the Red Lake mining district of Northwestern Ontario.
Houston Lake Mining Inc. (TSXV:HLM) announced it has fulfilled its obligations under an asset purchase agreement, dated effective Dec. 8, 2010, with two arm’s-length parties, to acquire 100-per-cent ownership in certain mineral properties located in the Red Lake mining district of Northwestern Ontario.
The PAK lithium project consists of 33 adjoining mineral claims totalling 6,976 hectares (17,238 acres) that is owned 100 per cent by HLM and hosts the Pakeagama Lake pegmatite, one of the highest-grade lithium deposits in North America. Development work, including metallurgical and environmental baseline studies, has been under way for the preparation of a 2016 prefeasibility based on producing technical-grade lithium concentrates required in the glass-ceramic industry.