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Gold/Mining/Energy : Houston Lake Mining [HLM-ASE]
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To: DRT who wrote (103)2/23/1999 9:26:00 AM
From: WWS  Read Replies (1) of 364
 
It took less than two weeks from the time that they announced their financing (2/9/99) to activate the drills (2/22/99). The following quote was taken from their news release on 2/9/99 about the financing and upcoming drill program:
"Drilling is expected to begin as soon as a drill rig can be moved onto the property and will focus on the vicinity of the Kuhner Occurrence where a 1995 drill hole intersected an estimated true width of 13.6 metres of 1.68 g/t PGE's (combined precious metals: palladium, platinum, and gold) including 2.74 g/t PGE's over 5.2 metres and including 4.53 g/t PGE's over 1.5 metres at a depth of 30.5 metres (see Press Release dated August 10, 1998). The exploration program is being managed by independent consulting geologist, Andreas Lichtblau, F.G.A.C. "
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