Lomiko Metals Inc. (TSXV: LMR) –Drilling Results Show Long Intercepts of Graphite on the Quatre Milles Graphite Property
Investment Highlights
• Assay results from the 2012 drilling on the Quatre Milles graphite property have confirmed historical graphite intercepts and found visible large flake graphite.
• The acquisition of the Quatre Milles West property brings the total Quatre Milles land package up to 3,780 hectares.
• Soil sampling on the Vines Lake property was completed in 2012, to further test the 122 hectare zinc anomaly
initially identified in 2011.
• Two new members of the Board of Advisors bring extensive experience in fund management and mining finance and taxation.
• The company currently has approximately $0.30 million in the treasury and expects to pursue a financing early 2013.
• Overall, we are pleased with the results from Quatre Milles since our previous report in January 2012. We, however, have continued to assign no rating or valuation on LMR due to the early stage nature of its projects.
• Upside catalysts in the next 6 – 12 months, we believe, include a financing, Phase II drilling on Quatre Milles, and a subsequent resource estimate.
http://www.lomiko.com/news.html
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