Houston Lake Mining [HLM-ASE] Message Board

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Gold/Mining/Energy : Houston Lake Mining [HLM-ASE]

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To: AriKirA who wrote (237)	10/27/1999 1:31:00 PM
From: DRT	of 364

While the market is quiet of late, work continues ... I understand that several 1- metre channel sample assays, including the Ta-bearing wall zone are pending. In my opinion (though no doubt others would agree) ... If > 300 g/t Ta or .03 % Ta, it may indicate economic grade Ta without consideration of Li, Cs, Rb, Be credits. If < .03 % Ta, it simply means we will need to drill at depth to identify economic grades of Ta. To put it in context, its important to recognize: (i) that a large, unbiased grab sample from the wall zone returned 380 g/t and (ii) a 700 g/t Ta grab sample was taken some distance from the main pegmatite - both of which indicate the possibility of enriched zone(s) of Ta at depth. This geology is looking more and more like that of Cabot's pre-production TANCO mine. DRT

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