This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

HLM Completes Initial Mobile Metal Ion (MMI) Geochemical Survey On The Pakeagama Rare Metals Property In Northwestern Ontario

Houston Lake Mining Inc. (TSX.V: HLM), is a mining exploration company which is actively exploring for rare metals and currently focusing on its 100% owned and optioned Pakeagama Rare Metals Project in northwestern Ontario, Canada. HLM is pleased to announce the completion of a Mobile Metal Ion (“MMI”) geochemical survey on 60% of this 1,792 hectare (4,424 acre) property.

In June 2011, Peter J. Vanstone P.Geo. the qualified person for the project, conducted an MMI orientation soil survey over the exposed Pakeagama Lake pegmatite. The results of this survey identified 15 elements that had a definitive response to the pegmatite, and specifically established a characteristic cesium, lithium, and rubidium soil MMI response. It also allowed the Company to define the best soil sample depth range for future MMI surveys on the property. Later in 2011, Mr. Vanstone supervised a detailed reconnaissance MMI soil survey of the four more southerly claims.

The Company is pleased to announce that the regional survey returned very encouraging MMI results. Specifically, elevated cesium, lithium and rubidium MMI values are concentrated both to the northwest and southeast directions within the property and coincident with the assumed orientation of the Pakeagama Lake pegmatite. The MMI geochemical signatures are of similar amplitudes to that of the orientation survey over the Pakeagama Lake pegmatite itself. As a result, the Company is planning a preliminary exploration drill program, which, in part will reinforce the MMI geochemical exploration model defined by the orientation survey.

“The objective of the MMI geochemical program is to aid in the targeting and planning of a Phase I diamond drill program. Upon completion of the MMI survey and a future Phase I diamond drill program, the knowledge gained should provide us with a unique and cost effective geochemical survey tool we can use in further definition of our Pakeagama Lake rare metal pegmatite, or other similar pegmatites in central Canada”, said Trevor R. Walker, President of HLM.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,888.35 +168.43 0.95%
S&P 500 2,102.63 +22.22 1.07%
NASDAQ 5,156.3060 +47.64 0.93%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs