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HLM Identifies High Grade Lithium Up To 4.74 Li20 Over 15 Meters On The Pakeagama Rare Metals Project In Northwestern Ontario

Houston Lake Mining Inc. (TSX.V: HLM), is a mining exploration company which is actively exploring for the rare metals lithium, cesium, tantalum, and rubidium by currently focusing on its 100% owned and optioned Pakeagama Rare Metals Project in northwestern Ontario, Canada. HLM is pleased to announce some of the results from its 2012 Channel Sample Program on the Pakeagama Lake pegmatite, located at the 1,792 hectare (4,424 acre) Pakeagama Rare Metals Project property.

In September 2012, Peter J. Vanstone, P.Geo. the qualified person for the project, conducted a 91 sample channel sampling on the Pakeagama Lake pegmatite in order to confirm historical results and to add additional channel samples while further sampling by distinct geologic zones. The results of the program have so far identified high grade lithium oxide in three distinct pegmatite zones as discussed below:

1) Upper Intermediate Zone (UIZ)

CHANNEL SAMPLE   ORIENTATION (DEGREES)   LENGTH (M)   Li 2 0 (%)
PAK-12-CH004R

240

5.00 4.82
including

 

2.00 4.93
PAK-12-CH003BR 228 5.00 4.75
including   1.00 5.06
PAK-12-CH003AR 216 5.00 4.64
including   1.00 4.99
PAK-12-CH0018 214 7.05 4.20
including   1.00 4.48

The UIZ represents the lithium zone within the pegmatite and is dominated by “SQUI”, a term used to describe an oriented spodumene + quartz intergrowth after primary petalite, with lesser grey K-feldspar and primary white spodumene in quartz. Phosphate minerals and lithian mica are the common accessory minerals. Channels 3A, 3B and 4 with a composite grade of 4.74% Li 2O represent a 15 metre section across the UIZ in the southeastern part of the exposed pegmatite. Channel 18 is located approximately 55 metres northwest along strike from Channels 3A/3B/4.

2) Lower Intermediate Zone (LIZ)

CHANNEL SAMPLE   ORIENTATION (DEGREES)   LENGTH (M)   Li 2 0 (%)
PAK-12-CH015R 198 11.00 1.99
PAK-12-CH016R 213 3.00 3.67
including   1.00 4.50
PAK-12-CH017R 218 9.00 2.15
including   1.00 2.93

The LIZ comprises a good portion of the exposed pegmatite and is considered an intermediate stage zone historically carrying significant lithium, tantalum and rubidium. The zone is comprised of predominantly K-feldspar, Na-feldspar, quartz, SQUI and lithian muscovite. The zone has undergone both plastic and brittle deformation. Taken together the three channels represent a 23 meter cross-section of the LIZ with a composite grade of 2.27% Li 2O.

When considering the LIZ and the high grade UIZ as outlined in Table 1, the total distance between the two sets of channels is approximately 190m where the pegmatite zones remain open to both the southeast and northwest.

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