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

To: DRT who wrote (284)	1/18/2000 8:57:00 PM
From: DRT	Respond to of 364

Tib Lake (palladium) and Pakeagama Lake (tantalum, cesium, rubidium, germanium, niobium, thallium, etc.) are interesting properties given the rising demand and price scenarios for those commodities. In both cases, HLM has significant potential for a discovery - the investment risk is minimal compared to most PGM and rare metal plays (with a market cap of <$3 million and very significant results to date on both properties). Exploration programs in early 2000 on both properties (via JV or equity financing) would certainly be timely in light of the demand-price scenario for PGMs and rare metals. Vertical integration (companies that are both producers and end users) in the rare metals sector is well documented. At some point along the path to mine development, the involvement of an end user will be required in order to remove the market risk and facilitate development financing. The earlier the involvement the lower the risk to shareholders. With some end users looking at high-risk projects in developing countries, Pakeagama Lake should certainly be on their radar. As for PGM exploration, we have seen the JV involvement of South African producers (Amplats and Impala) with Canadian exploration companies in Ontario; others have raised equity for exploration by whatever means possible; still others have pursued ventures in South Africa (Bushveld Complex) and elsewhere in search of this rare but valuable commodity. One can only hope that palladium at US$440/oz and the recent attention being given to North American Palladium would be enough incentive to leverage the required financing on Tib Lake; the results to date certainly justify a comprehensive exploration program. So, there you have it - all my commodity picks tied up in one company. DRT

To: DRT who wrote (284)	1/19/2000 7:45:00 AM
From: DRT	Read Replies (1) \| Respond to of 364

prospector-news.com Houston Lake Mining (HLM:CDNX) received additional assay results from its Pakeagama Lake rare metals property in Ontario. In November, the company reported on the assay results of 24 samples taken from the property, and says those samples were re-tested and returned an average value of 280 g/t tantalum oxide, 0.46% rubidium oxide, 817 g/t cesium oxide, 366 g/t beryllium oxide, 124 g/t tin, 116.0 g/t niobium oxide, 1.42% lithium oxide, 4.3 g/t thallium, 4.5 g/t germanium, and 6.9 g/t antimony. The check assays were nearly identical to the originals, and the company's shares gained $0.08 to reach mid-day trading Tuesday at $0.28/share. (Jan 18/00) northernminer.com Houston Lake Mining updates Pakeagama and Tib Lake projects - Assaying adds to Pakeagama potential Houston Lake Mining (HLM-V) has received more assay results from the Pakeagama Lake rare-metal pegmatite, north of Red Lake, Ont. [Full Story]