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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
Total Annual Compensation: C$110.0K
Compensation as of Fiscal Year 2013.

houston lake mining inc (HLM) Key Developments

Houston Lake Mining Inc. Announces Results of Two Infill Drill Holes from the 2014

Houston Lake Mining Inc. announced the results of two infill drill holes from the 2014 Phase II, nine-hole diamond drill program on the Pakeagama Lake pegmatite. The assay and collar data for the 2 holes being reported are presented in Tables I and II. The primary objective of these two holes is to increase the level of confidence in a portion of the inferred resource with particular focus on the 1.17 million tonnes grading 3.44% Li2O. The intersection summaries for the two drill holes outlined in Table I below have confirmed continuity of the zones along strike of the intersection in DDH-13-003 and beneath the surface outcrop, and also defined bounding contacts with host rock(s). The hole PL-012-14 intersection confirms and extends the strike length of the lithium and tantalum zones of the Pakeagama Lake pegmatite to the northwest. The Upper Intermediate (UIZ), Central Intermediate (CIZ) and Lower Intermediate Zones (LIZ) were previously described in the July 2, 2013 Press Release. 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 current strike length of the pegmatite as defined by surface mapping and drilling remains at 290 m with an estimated width varying from 45 to 125m assuming sub-vertical orientation of the pegmatite body.

Houston Lake Mining Inc. Announces Phase II Drilling Confirms and Extends High-Grade Lithium Zone At Pak Rare Metals Project, Ontario

Houston Lake Mining Inc. announced the results of two infill drill holes from the 2014 Phase II, nine-hole diamond drill program on the Pakeagama Lake pegmatite. The assay and collar data for the 2 holes being reported are presented in Tables I and II. Diamond Drill Hole (DDH) PL-011-14 intersected 1.68% Li2O over 104 metre (m) from 9.1m to 104.75 m; DDH PL-011-14 includes a 12.8 m wide high-grade lithium zone (Upper Intermediate [UIZ]) averaging 4.01% Li2O from 35 to 47.8 m; DDH PL-012-14 confirms the high-grade UIZ 25 m to the northwest; Resource remains open to depth and along strike to the northwest and southeast; and Assay results pending from 7 remaining drill holes from the Phase II.

Houston Lake Mining Inc. Appoints Ernie Marcotte to Board of Directors

Houston Lake Mining Inc. announced the appointment of Ernie Marcotte, P.Eng, FCIM to the board of directors of the "Company." Marcotte has over 40 years of experience in the mining industry involving metallurgical and mining operations, environmental control, mineral processing, research and development, design engineering, plant commissioning and corporate management. He has extensive experience in gold, uranium, nickel-copper and platinum-palladium operations. He has served in various senior management and engineering capacities which include Mill Superintendent, General Mine Manager and Vice President. Over a forty year period, Mr. Marcotte has worked for a number of successful mining companies: Denison, East Malartic Gold, Upper Canada Gold, Falconbridge, Pamour, MacIsaac (INCO Shebandowan Operation) and North American Palladium. As Vice President Mining for North American Palladium and Vice President and General Manager Mining Operations for the Lac Des Iles Mine, he was instrumental in the initial commissioning and progressive improvement of the mine and mill operations. Mr. Marcotte has served as Senior Metallurgist for SNC Lavalin, Engineers and Constructors. He served as Vice President of Operations for Mustang Minerals Corp. where his primary focus was fast tracking the Preliminary Economic Assessment (PEA) and Pre-Feasibility Study and initiated the Bankable Feasibility for the Maskwa Ni-Cu-PGE Project in Manitoba. Most recently, Mr. Marcotte served as Senior Process Engineer for Rubicon Minerals Corporation and was involved with design engineering and equipment selection for the construction of the Phoenix Project mineral processing plant. He has served on a number of Boards and Committees in the communities in which he has resided and has served on the Board of Directors for Mining Companies. Mr. Marcotte currently serves on the Board of Directors of Numax Resources who are currently advancing an iron-titanium property in North Western Ontario.


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