Lomiko Metals (TSX.V - LMR) to Explore Magnetic Anomalies at Vines Lake Gold Project, British Columbia - Video posted on InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, March 14, 2011 - Lomiko Metals Inc. (TSX.V - LMR)
(OTCBB - LMRMF) is getting ready to begin Phase I of its program on its Vines
Lake Project as soon as weather and snow conditions permit.
To view the InvestmentPitch.com video news alert for Lomiko Metals, click here.
If the link is not enabled, please visit www.InvestmentPitch.com and enter
"Lomiko" in the search box.
The Vines Lake Project is located in northern British Columbia, in the
Southwestern corner of the Cassiar Gold District. The company holds the rights
to three contiguous mineral tenures, totalling 1,169 hectares (2,888 acres)
within what is known as the Cassiar Gold Camp.
Due to the property's close proximity to formerly producing mines with a proven
history in the Cassiar Mining Camp, it is the opinion of the company that
potential exists on the 100% owned Vines Lake Property for discovering new high-
grade gold vein systems. Also, there is a potential for other intrusion related
mineralization proximity along with the presence of the Cassiar Batholith and
its associated boundary contacts, over which Lomiko's Vines Lake property claims
are located.
In the latest technical report on the Vines Lake Project dated April 30, 2009,
Garth Kirkham, P. Geo and Qualified Person for the Project recommends an
exploration program for the Vines Lake Project. This program is designed to
target both potentially high-grade gold vein systems, as seen at the adjacent
Table Mountain Mine, in addition to the prospect of intrusion related
mineralization.
Phase II will explore follow-up targets resulting from the geological mapping,
geochemical and ground geophysical surveys resulting from Phase I.
Lomiko recently closed its previously announced private placement financing of
$400,000 through the sale of 5 million flow-through units to MineralFields at a
price of $0.08 per unit. Each unit consisted of 1 flow-through common share and
one half of one transferable non-flow-through share purchase warrant, each full
warrant being exercisable at a price of $0.12 for a period of twelve months from
the closing date.
For more information, please contact Paul Gill at 604-729-5312, email
info(at)lomiko.com, or visit the website www.lomiko.com.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
BMorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
[HUG#1496804]
Unternehmensinformation / Kurzprofil:
Datum: 14.03.2011 - 17:35 Uhr
Sprache: Deutsch
News-ID 52426
Anzahl Zeichen: 3160
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Kategorie:
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