Lomiko Metals focuses on the exploration and development of minerals for the new green economy. The company has graphite properties in Quebec and a Zinc Discovery in Northern British Columbia. Lomiko Metals’ shares trade on the OTC Markets and on the TSX Venture Exchange (LMR.V).
Worldwide consumption of natural graphite has increased from approximately 600,000 tonnes in 2000 to approximately 1.2 million tonnes in 2011. Demand for graphite has been increasing by approximately 5 percent annually since 2000. This is due to the continuing modernization of China, India, and other emerging economies.
The company’s Quatre Milles East Property (Graphite) is road accessible. This Property is approximately 175 km northwest of Montreal and 17 km due north of the village of Sainte-Veronique, Quebec. The property consists of 28 contiguous claims totaling approximately 1,600 hectares. Lomiko Metals recently optioned the Quatre Milles West Property, a 2,180 Ha Property with similar geology. Combined, the Quatre Milles Property is 3,780 Ha. The company’s intention is to launch an aggressive exploration campaign on the Quatre Milles Graphite Property beginning with a complete compilation of historic geologic work followed by surface mapping, prospecting, and follow-up diamond drilling.
Lomiko Metals’ Vines Lake Property is in the Cassiar Gold Camp in the Liard Mining District of northwestern British Columbia. The Cassiar Gold Camp hosts the Table Mountain Gold Property and the Taurus Property both owned by Hawthorne Gold Corp. There are several past-producing high grade gold mines on these properties.
Currently, Lomiko Metals holds the rights to twelve contiguous mineral tenures comprising the property, totaling 5,407 Ha, (13,351 Acres). The 2012 Exploration program is being conducted on the original 3 claims acquired in 2006 totaling 1,209 Ha (2,987 Acres). The Vines Lake property has year-round paved road access. The Vines Lake Property is approximately two kilometers southwest of the former Erickson gold mine. Two significant anomalies have undergone identification by geophysical surveys. The claims cover formations of the Sylvester group. These are known to contain productive zones of precious and base metal mineralization in the area.
Today, Lomiko Metals Exploration Manager Lesley Hunt reports that the Lomiko geological team has initiated the summer exploration program at Vines Lake. The design of this program is to target anomalous Zinc values in soil on the western side of Vines Lake discovered in the 2011 exploration program. The current target consists of soil samples that are concentrated in a 1.5 by 1.0 km zone. The 2012 soil sample program is taking place to infill the known anomaly such that the sample grid spacing results in 100m spaced N/S grid lines at 25m spaced sample stations.
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