HLM Announces an Upgraded NI 43-101 Resource Estimate
Sudbury, Ontario (FSCwire) - Houston Lake Mining Inc. (TSX.V: HLM), is pleased to report a Canadian National Instrument (N.I.) 43-101 mineral resource estimate for the PAK Rare Metals Project, located in northwestern, Ontario. The resource estimation has been prepared by WSP Canada Inc. (TSX: WSP), 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.
Highlights:
Indicated mineral resource of 2.45 million tonnes grading at 1.81% Li2O equivalent(eq.), including 1.78 million tonnes grading 2.40% Li2O eq. in technical grade lithium zones with a low inherent iron spodumene;
Inferred mineral resource of 5.91 million tonnes grading at 2.01% Li2O equivalent(eq.), including 5.57 million tonnes grading 2.11% Li2O eq. in technical grade lithium zones with a low inherent iron spodumene;
An increase of 27% in total indicated and inferred Li20 eq. contained tonnes from the 2014 Maiden Inferred Resource Estimate;
The Pakeagama Lake pegmatite has a 400m 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.
“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(1),” commented Trevor R. Walker, President of HLM. “With the deposit exposed at surface, this report also confirms 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.”
