Lomiko Hires Exploration Consultants to Explore for High Purity, Large Crystallite Flake Graphite at Quatre Milles Property in Quebec
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/31/12 -- Editors Note: There is an infographic associated with this press release.
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Lomiko Metals Inc. (TSX VENTURE: LMR)(PINKSHEETS: LMRMF)(FRANKFURT: DH8B) (Europe: ISIN: CA54163Q1028, WKN: A0Q9W7) (the "Company" or "Lomiko") is pleased to announce that it has engaged Consul-Teck Mineral Exploration Consultants Inc. ("Consul-Teck") to explore the Quatre Milles Graphite Property located in southwestern Quebec.
Combining three generations of experience in the exploration field primarily in Quebec, Consul-Teck performs a wide range of mineral exploration and geotechnical services. From complete turn-key to customized solutions, Consul-Teck has accumulated hands-on knowledge of the mineral exploration process. Consul-Teck services include pre-fieldwork consulting for analysis, compilation and historical data management of existing sites or for planning an exploration campaign.
"Lomiko's strategy is to engage Quebec exploration expertise on the ground that allows for a quick start to exploration on the Quatre Milles property," stated A. Paul Gill, CEO, Lomiko Metals Inc., "Pin-pointing previous drill targets and optimizing the exploration budget is a priority."
Quatre Milles Graphite Property
The Quatre Milles Property is road accessible and is located 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.
The property was originally staked and explored by Graphicor Resources Inc. ("Graphicor") in the summer of 1989 based on the results of a regional helicopter-borne EM survey. The underlying geology consists of intercalated biotite gneiss, biotite feldspar gneiss, marble, quartzite and calc-silicate lithologies of the Central Metasedimentary Belt of the Grenville Province.
Historical Highlights
Graphicor completed reconnaissance mapping and prospecting as well as ground geophysics and a 26 hole diamond drill program totaling 1,625 metres. The work identified several conductive trends in the central portion of the property and at least three, relatively flat lying graphitic beds. Three surface samples were collected and analyzed returning results of 14.16% Cgf, 18.06% Cgf and 20.35% Cgf. 23 of the initial 26 drill holes intersected graphite concentrations with graphite concentration in range of 4.69% in hole Q90-1 to a highlight of 8.07% Cgf over 28.60 metres in hole Q90-7. The highest individual assay was reported in hole Q90-10 reporting 15.48% Cgf over 0.50 metres.
The Company cautions that it has not had the chance to verify the quality and accuracy of the historic sampling and drilling results reported in this news release which predate the introduction of NI 43-101 and cautions readers not to rely upon them. The historic figures were generated from sources believed to be reliable, however, they have not been confirmed. Although the sampling and drilling results are relevant, they have not been verified.
Graphicor geologists commented that the results of the initial drill program were extremely encouraging and recommended additional detailed drilling to properly understand and evaluate the potential of the property.
Near-Term Strategy
Lomiko plans to mount an aggressive exploration campaign on the Quatre Milles Graphite Property commencing with a complete compilation of historic geologic work followed by surface mapping, prospecting and follow-up diamond drilling.
Jean-Sebastien Lavallee (OGQ #773), geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.
For more information, review the website at .
On Behalf of the Board
A. Paul Gill, Chief Executive Officer
We seek safe harbor.
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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.
Contacts:
Lomiko Metals Inc.
A. Paul Gill
Chief Executive Officer
604-729-5312
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Datum: 31.01.2012 - 14:15 Uhr
Sprache: Deutsch
News-ID 109433
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VANCOUVER, BRITISH COLUMBIA
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Mining & Metals
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