Lake Houston is a man-made lake located northeast of Houston, Texas. It is the primary water supply for the city of Houston and much of the surrounding area. Situated between the suburbs of Humble, TX (pronounced Umble, with a silent H) on the west bank, and Huffman, TX on the east, the lake is spanned by an earthen bridge containing the traffic of FM 1960. The lake’s major tributary is the San Jacinto River.
HoustonLake is in the second option year of a three year agreement and is required to expend a further $40,000 in exploration, make $70,000 in cash payments, and issue 75,000 shares to complete the Company’s 100 percent option on the 632 hectare Pakeagama Lake property located in the Red Lake Mining District of Ontario.
The Pakeagama Lake Property spans all known outcroppings of the Pakeagama Lake pegmatite which is the host to the rare metals (tantalum, rubidium, cesium, lithium, beryllium, tin, thallium, gallium and germanium) mineralization.
HoustonLake’s management believes that the combination of high rare metals concentration and large size are prerequisites for a potential economic rare metal deposit.
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