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Article: Houston Lake Mining Options the Tib PGM Project.
- Article from:
- M2 Presswire
- Article date:
- May 9, 2006
CopyrightCOPYRIGHT 2006 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-9 May 2006-Houston Lake Mining Inc.: Houston Lake Mining Options the Tib PGM Project(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:09052006
Sudbury, Ontario CANADA - Houston Lake Mining Inc. (HLM - TSX Venture), ("Houston Lake")is pleased to report that the Company has reached agreement with Magma Metals Limited ("Magma") of Perth, Western Australia for the option of Houston Lake's 100 percent-owned, 2064 hectare (5098 acre) Tib Lake PGM Project located in the Thunder Bay Mining District of NW Ontario. Houston Lake's ownership interest is subject to a 2.5% NSR.
Under the Option agreement Houston Lake has received an initial cash payment ...