Lomiko Metals looks for JV partner for Vines Lake

Jun 27, 2016

LOMIKO SEEKS PARTNER TO EXPLORE FOR SOURCE OF GOLD NUGGET FOUND NEAR VINES LAKE PROJECT AS GOLD SOARS IN WAKE OF BREXIT

Lomiko Metals Inc. is seeking a partner to explore the eastern portion of the Vines Lake project for gold and silver.

“A continued destabilization of the Europe may occur in the wake of last night’s historic vote in the United Kingdom to leave the European Union. There is good potential for a renewed interest in junior mining stocks seeking commodites with good demand outlooks such as gold, silver, lithium and graphite,” stated A. Paul Gill, chief executive officer of Lomiko Metals. “Our purpose is to be prepared to provide exponential growth opportunities for investors.”

The Vines Lake property is located in the Cassiar gold camp in the Liard mining district of northwestern British Columbia. Lomiko Metals currently holds the rights to three claims acquired in 2006 totalling 1,209 hectares (2,987 acres). The Vines Lake property has year-round paved-road access as the property’s northern boundary crosses Highway 37N, seven kilometres south of the unincorporated settlement of Jade City.

Cassiar area highlights:

A fully permitted 270-tonne-per-day, gravity and flotation mill, power plant, assay laboratory, and tailings impoundment facility are owned by China Minerals.
Approximately 316,000 ounces of gold have been produced at the adjacent Table Mountain mine from 1979 to 2007 under various companies.
An 87-ounce gold nugget was found at McDame Creek near the Vines Lake property.

The historical information above was first released July 19, 2012.

http://www.lomiko.com/news.html