Last C$0.12 CAD
Change Today 0.00 / 0.00%
Volume 100.1K
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As of 11:09 AM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

houston lake mining inc (HLM) Snapshot

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52 Week High
09/19/14 - C$0.17
52 Week Low
01/2/14 - C$0.04
Market Cap
10.4M
Average Volume 10 Days
51.9K
EPS TTM
C$-0.0080
Shares Outstanding
90.8M
EX-Date
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houston lake mining inc (HLM) Details

Houston Lake Mining Inc., a mining exploration company, is engaged in the acquisition, exploration, and development of mining properties Canada. The company explores for rare metal deposits, such as lithium, tantalum, rubidium, and cesium, as well as gold and platinum group metal deposits. It focuses on its 100% owned Pakeagama Rare Metals Project that is located in Red Lake, northwestern Ontario, Canada. Houston Lake Mining Inc. was founded in 1995 and is headquartered in Val Caron, Canada.

Founded in 1995

houston lake mining inc (HLM) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: C$10.0K
President
Total Annual Compensation: C$110.0K
Compensation as of Fiscal Year 2013.

houston lake mining inc (HLM) Key Developments

Houston Lake Mining Inc. Announces the Results from its 2014 Channel Sample Program on the Project

Houston Lake Mining Inc. announced the results from its 2014 Channel Sample Program on the project. In August 2014, HLM conducted a 45 sample program in order to confirm and increase confidence with additional surficial sampling in the Upper Intermediate Zone, and to update historical information on the Lower Intermediate Zone at the Pakeagama Lake pegmatite. The Upper Intermediate (UIZ), Central Intermediate (CIZ) and Lower Intermediate Zones (LIZ). Zones of sodic aplite are present in all holes and vary in width from tens of centimetres to several metres, and contain significant concentrations of Ta, Rb and Cs. The mineralized pegmatite remains open along strike to the WNW and ESE, and at depth. Granitic blocks/rafts mapped on surface appear to diminish with depth and along strike in both directions. Channels 10-13 inclusive, with a composite grade of 1.49% Li2O represent a 24 meter section across the LIZ in the northeastern part of the exposed pegmatite. Under HLM's QA/QC procedures, channels are cut with a motorized circular diamond saw, and are 4 cm wide and 10 cm deep. The channels are oriented perpendicular to the strike of the pegmatite internal mineralogical zones and are cut continuously across the zones. The samples are removed using a hammer and chisel. The length of a channel is determined by the width of the pegmatite zone. Offset channels are cut where deemed appropriate. Sample lengths typically are 1 metre but can be less depending on zone mineralogy and boundaries. Samples are described, placed into a poly sample bag with a numbered sample tag and then shipped to the assay lab for quantitative analysis for select elements.

Houston Lake Mining Inc. Drills the Pak Inferred Resource Intersecting 2.01% Lithium Oxide over 60 Metres and Increases the Strike Length by 50%

Houston Lake Mining Inc. announced the results of five drill holes designed to test along strike from the 2014 Phase II, nine-hole diamond drill program on the Pakeagama Lake pegmatite. The primary objective of these holes was to test the deposit along strike from previously drilled holes. The intersection summaries for the two drill holes have confirmed continuity of the zones. DDH PL-010-14 was drilled ESE of PL-01-13 (Phase I drill program) and extended the strike length by approximately 56m to the ESE and also further defined the bounding contacts with the host rock(s). DDH's PL-007-14 and 008-14 were drilled WNW of PL-003-14 and although some relative pinching of the pegmatite has occurred the holes have extended the strike length by approximately 110m to the WNW from the current inferred resource estimate.

Houston Lake Mining Inc. Announces the Results of Two Drill Holes Designed to Test Depth from the 2014 Phase II, Nine-Hole Diamond Drill Program on the Pakeagama Lake Pegmatite

Houston Lake Mining Inc. announced the results of two drill holes designed to test depth from the 2014 Phase II, nine-hole diamond drill program on the Pakeagama Lake pegmatite. The primary objective of these two holes was to test the deposit beneath previously drilled holes. DDH PL-013-14 was drilled under hole PL-001-13 (Phase I drill program) and tested the pegmatite at an average depth of 60 metres below it. DDH PL-013-14 further defined the bounding contacts with host rock(s). Highlights: Diamond Drill Hole (DDH) PL-013-14 intersected 1.16% Li2O over 202 metre (m) from 15m to 217.45 m; DDH PL-013-14 includes a 18 m wide high-grade lithium zones (Upper Intermediate [UIZ] and Lower Intermediate [LIZ]) averaging 3.10% Li2O from 164 to 182 m; DDH PL-013-14 was drilled below DDH PL-001-13 and confirms the deposit to a depth of approximately 220m from surface; Resource remains open to depth and along strike to the northwest and southeast; and Assay results pending from 5 remaining drill holes from the Phase II Diamond Drill Program.

 

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