Houston Lake and North American Palladium Enter Agreement

Houston Lake Mining (TSXV:HLM) announced North American Palladium (TSX:PDL,NYSE:PAL) has the option to obtain their platinum group metals project as per a recent joint venture agreement.

As quoted in the press release:

North American Palladium (NAP) has the option to purchase HLM’s Tib Lake Platinum Group Elements (PGE) property with completion of  cash payments and exploration expenditures.  The property is located 15 km from NAP’s Lac des Iles (LDI) mine and 15,000-tonne per day mill complex, located north of Thunder Bay, Ontario. The PGE property covers the second largest intrusion in the LDI mining district and also contains significant PGE exploration targets.

Click here to read the Houston Lake Mining (TSXV:HLM) press release.