HLM Appoints Garth Drever, P.Geo. as new Vice President of Expl
FSC / Press Release
HLM Appoints Garth Drever, P.Geo. as new Vice President of Exploration
Sudbury, Ontario CANADA, September 26, 2013 /FSC/ - Houston Lake Mining Inc. (HLM - TSX Venture),is a mining exploration company which is actively exploring for rare metals lithium (Li), and tantalum (Ta) and currently focusing on its 100% owned and optioned PAK Rare Metals Project in northwestern Ontario, Canada. HLM is pleased to announce the appointment of Garth Drever, P.Eng, P.Geo. as Vice President of Exploration to the "Company".
Mr. Drever is a geologist with over 35 years of mineral exploration experience primarily with Cameco Corporation. He specializes in innovative technologies for detecting ore bodies and has worked on many uranium deposits worldwide. His past experience as an exploration geologist has included positions as Senior Geologist, District Geologist for Cameco Corporation.
Mr. Drever began his career with the Geological Survey of Saskatchewan managing geochemical and geophysical programs exploring for uranium in Northern Saskatchewan. In 1980 he joined Cameco (Saskatchewan Mining Development Corporation), working as an exploration geologist in the Athabasca Basin of Saskatchewan. From 1989 to 1993 he was involved with Cameco's industrial mineral sector exploring for industrial commodities including high calcium limestone, kaolinite and bentonite as well as diamond exploration. From 1997 to 2000 he was instrumental in developing Cameco's Australian portfolio of projects in the Kombolgie Basin of Northern Territory and Western Australia. He worked closely with Traditional Owners, researchers and the Cameco exploration team to create synergies for effective exploration. From 2001 to 2007, He played a key role in the development of Cameco's global exploration portfolio with experience in the USA, Australia, Africa, Asia, and Europe.
More recently Mr. Drever worked as exploration manager for Uravan Minerals Inc., and currently is a VP of Raven Minerals Corp., a private uranium exploration company. Garth has been a technical consultant to HLM since February of 2013. Mr. Drever holds a B.Sc in geology from the University of Regina (1975) and is an active member of the Association of Professional Engineer and Geoscientist of Saskatchewan, and Ontario.
"Garth brings great depth of practical exploration experience and understanding of rare metals which greatly compliments the existing strength of the Houston Lake's Management and Board of Directors in exploration and mining", commented Trevor R. Walker, President. "We look forward to working with Garth as we continue to develop a high grade, multi-element, rare metal target with large tonnage potential on our PAK Rare Metals Project."
The Company also announces that it has granted 400,000 stock options to officers of the Company. The options are set for a period of five years, expiring on September 26, 2018. The options are priced at $.10 and are subject to regulatory approval.
About PAK Rare Metals Project
The PAK Rare Metals Project lies between two geological sub-provinces in northwestern Ontario. The deposit is a LCT (lithium, cesium, tantalum) classified pegmatite. These type of deposits have been the principal source of hard rock lithium, tantalum, rubidium and cesium ores mined in the world.
6 diamond drill holes totalling 1,000 metres were drilled by HLM on the Pakeagama pegmatite in 2013. After drilling the Phase I program, the Pakeagama pegmatite maintains a 250 metre strike length, an estimated width varying from 45 to 125 metres with an assumed sub-vertical orientation of the pegmatite body. Highlights of the Phase I diamond drill program include high grade lithium and tantalum up to 4.22% Li2O over 18 metres and 236 ppm Ta2O5 over 19 metres in two distinct pegmatite zones.
About Houston Lake Mining Inc.
HLM's goal is to become a fully integrated lithium and tantalum producer by targeting the growth from the shift towards electric/hybrid vehicles and high quality consumer electronics through further development of the PAK Rare Metals Project in Ontario, Canada. HLM's Board of Directors and Management combined have over 255 years of exploration and mining experience. This experience is required to facilitate the Company's objective of becoming a "Supplier at the Source" for the elements required in the pursuit of sustainable energy and other high tech electronics and metal alloy applications.
HLM has a total of 76,665,695 common shares issued and outstanding. For additional information, please visit www.houstonlakemining.com.
Company Contact Information
Henry J. Kloepper, CEO 2736 Belisle Drive Val Caron, ON. P3N 1B3 CANADA T. +001 705.897.7622 F. +001 705.897.7618
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings what are available at http://www.sedar.com
To view the press release as a PDF file, please click on the following link: http://www.usetdas.com/pr/houston09262013.pdf
Provider ID: 00022272 -0- Sep/26/2013 15:50 GMT