Lomiko's 2012 Plan to Focus on Electric Minerals and Gold
(via Thenewswire.ca)
Vancouver BC - LOMIKO METALS INC. (TSX-V:LMR, OTC: LMRMF, Europe:
ISIN: CA54163Q1028, WKN: A0Q9W7,) (the "Company") has
received all soil, rock and drill samples from the Vines Lake
Exploration Program and is working diligently to interpret results.
Further drilling gold and zinc targets would be required to outline a
resource on the property.
New Developments
On August 31, 2011, the owner of the nieghbouring Table Mountain Gold
Property, China Minerals Mining announced it was exploring various
options for its assets including joint ventures and potential third
party acquisition. The Lomiko Board of Directors is looking at the
potential for participation in all possible transactions involving the
Table Mountain Property.
Acquisition Targets
Lomiko continues to look for opportunities in the lithium and lithium
battery space. The growing demand for electric cars, smart phones, and
new devices and technologies using lithium, vanadium, cobalt, graphite
and rare earth metals creates exploration and development
opportunities in the future. Further, Lomiko will continue to acquire
and develop gold properties to balance and accompany its plans in
electric minerals space.
Vines Lake Property, Cassiar, B.C.
Lomiko expended $ 350,000 on exploration at the Vines Lake Property in
2011. Previously announced soil analysis results on October 5, 2011
have outlined numerous anomalous gold values up to 0.279 gram per
tonne, mostly on the eastern side of the property, adjacent to China
Minerals Mining's Table Mountain gold property. Silver anomalies, also
seen on the eastern portion of the property, and not always coincident
with gold anomalies, include results up to 19.5 g/t.
Zinc values in soil on the western side of Vines Lake were by far the
most anomalous on the property, with values reported up to 2,429 ppm.
One anomalous zone on the west side of the property measures 108
hectares with an average zinc value of 430 ppm.
Numerous barium and bismuth anomalies are outlined, with results
returning values up to 1,413 parts per million and 3.48 pm,
respectively.
Lomiko expanded the land package in the area to 5,600 Ha to encompass
similar geology south of the new discovery.
Aguas de Caliente Property, Chile
No work or progress was completed on the Property in 2011.
Rose Lake and Eva Property, B.C.
Lomiko has abandoned the Rose Lake and Eva Soda Ash claims in order to
focus on new acquisitions.
For more information, review the website at www.lomiko.com, contact A.
Paul Gill at 604-729-5312 or email: info@lomiko.com
On Behalf of the Board
"A. Paul Gill"
Chief Executive Officer
We seek safe harbor. Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
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