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Gold/Mining/Energy : Houston Lake Mining [HLM-ASE] -- Ignore unavailable to you. Want to Upgrade?

To: AriKirA who wrote (192)	6/8/1999 10:32:00 PM
From: DRT	Respond to of 364

Thanks. Good to see you are still following HLM, others prefer to 'read only'. For anyone that has not used the Ontario Mines and Minerals Division Map system - Pakeagama Lake is in the Red Lake Division. To get a close up view of the area - simply download the graphic - this is the url for the Pakeagama Lake map (full scale). mndm.gov.on.ca I believe a HLM website is in the works - that should provide us with some very interesting pictures of the property. Perhaps a link to SI may also generate more traffic to the thread. The Northern Miner article and photo on the front page seems to be attracting a lot of attention, I'm sure we will continue to see more of the same - the results to date are far too significant for this one not to see an extensive drill program in '99. DRT

To: AriKirA who wrote (192)	6/9/1999 7:39:00 AM
From: DRT	Read Replies (1) \| Respond to of 364

Northern Ontario Business, June 1999 Exploration on the Rise in the Red Lake District Exploration activity will be high this season in a region that is the third-largest mineral producer in Ontario... Although the Red lake area is renowned for gold, the MNDM's Ontario geological survey (OGS) also discovered rare metals north of the region in the Pakeagama Lake area. Houston Lake Mining Inc., a junior mining company with headquarters in the Sudbury area, has already optioned 256 hectares of the land. OGS geologist Dr. Fred Breaks says the Pakeagama Lake property appears to be a "world-class" rare metals deposit, second only to the Separation Rapid's Big Whopper deposit in the province. After conducting surface studies in the area, the OGS found cesium, tantalum, lithium, and rubidium on the Pakeagama Lake property. Houston Lake president, Grayme Anthony is extremely optimistic about the potential of the Pakeagama Lake property. "The growing demand for tantalum, in combination with the new discovery of a rare metal opportunity is very exciting for the company," he says. "Pakeagama Lake is really going to build our company." Although Houston Lake plans to start work in the Pakeagama Lake area immediately, the company is looking for investors to help fund the project. ______________ Comment: "second only to the Separation Rapid's Big Whopper deposit in the province" should read 'at this point in time - second only in size to the Separation Rapid's Big Whopper deposit in the province'. That could all change with drilling, hit significant Ta and/or Cs and the 'value' of the property may eclipse others. DRT