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  • Lomiko Intersects 12.50 Meters Grading 4.58% Graphite At Quatre Milles And Encounters Large Disseminated Graphite Zones LMR.v 0 comments
    Oct 25, 2012 9:45 AM | about stocks: TRRXF, MUX, GALXF, RDNAF, OROCF, LITHF, TLTHF, FMC, ROC, LIT, MCP, REE, F, TM, GM, NSANF, DOW, JCI, IBM, BASFY, FCX, RIO, BHP, TCK, SSNLF, TSLA, CAR, VALE, BYDDY, POT, ALLRF, MOS, SOIL, IPI, NPTH, PPRTF

    (click to enlarge)

    C.S. Nobody cares, Nobody is Buying - It Is The Best Time To Buy Junior Miners, but Only Ones that will Survive. Who will survive? It is time to dust off and Rub Your Own Crystal Ball and check what companies Insiders Are Buying - it can give you Some Indication where to spend more of your time.

    Call the company, listen to the story - if you Do Not Bother - send half of you money to Charity and keep the rest - you will be much better off. The Only Advise You Can Get From This Blog is on the right side of the page; and if you have spent less time making DD on the company you are going to Buy, than when last time you were buying your Flat TV - run away from the Buy Button.

    Talking about the flat TV and approaching Xmas Sales - It Is still an Enigma for us, that even after so many years, even for us here - it is still Always So Sweet To Chase the running up Stock, than to wait for the sign Sale. We do not like to offend any ladies reading us (usually they are much better long term investors), but some can say that you need to have some particular parts of you body in order To Act when it is necessary and Word seems to be Falling Apart again.

    Why do we Never rushing to buy almost anything else rising in price, but stocks?! You can find a lot of Books on this one - yes you have to Read some Books - not just Internet Flash Instant Free information - it is Instant and Free. Take the advice you get with the same value you have paid for it. This Blog will qualify for the same quality - it is our Travel Book. In order to write Yours - you have to travel by Yourself.

    Make Always you own DD, listen to the couple of Good Things and then make your move ... to the next page - we will continue to Share Our Own Stream of Consciousness.

     

    Lomiko Metals: The Lithium Ion Battery - A Potential Growth Driver for Natural Graphite LMR.v

    "We had already few of our junior mining rockets launched this Fall: Bitteroot Resources, Max Resources and TNR Gold were in the headlines lately. Lomiko Metals and International Lithium are still waiting to catch the right wave to surf.

    All fundamentals for Graphite are here. New Graphite Superconductivity Claims At The Room Temperature could bring the new twist to the story, but the Catalyst for the company will come with the drill results and confirmation of the historical data. According to the CEO of Lomiko Metals Paul Gill - who is buying his own shares constantly - results should be expected in the next couple of weeks now."

     

    Bigger flakes, higher prices - Paul Gill talks about Lomiko's Quebec graphite projects LMR.v

    (click to enlarge)

    Visible large flake graphite was identified in multiple drill holes from this campaign.

    Lomiko Metals Presentation.

     

    Lomiko Completes Drilling at Quatre Milles East Flake Graphite Property an Quebec LMR.v

     

    Lomiko Intercepts Large Flake Graphite During Drilling at Quatre Milles East Property in Quebec LMR.v


    "Now it is really getting interesting with Lomiko Metals Graphite drilling results anticipation: "visible identification of large flake graphite in multiple holes at the Quatre Milles Flake Graphite Property in Quebec."

     

    Video: Lomiko Metals: Graphite - The Long Term Bull Market Player LMR.v


    "With all fireworks happening in Junior mining sector now Lomiko is waiting on the sidelines, but the ongoing drilling program can change it all in heartbeat. CEO Paul Gill is constantly buying Lomiko Metals shares and it looks like he is putting his name solidly on the company success - we like it, this is the way to build the business.

    Time is to study him, his story and his company - Lomiko Metals. QE3.0 will push all assets higher, but after first excitement with Gold and Oil going Up structural problems of Energy Transition will bring Lithium and Graphite to the traders' screens again. Paul's motto is "Buy low, build high" - we like it! The results will show how high can can build it."

    VisualCapitalist:

    The Lithium Ion Battery - A Potential Growth Driver for Natural Graphite

     

    Lomiko Intersects 12.50 Meters Grading 4.58% Graphite at Quatre Milles and Encounters Large Disseminated Graphite Zones

    OCTOBER 22, 2012

    TSX-V: LMR

    Vancouver BC - LOMIKO METALS INC. (TSX-V:LMR, OTC:LMRMF, FSE:DH8B) (the "Company") is pleased to report results for the first 6 drill holes completed at the Quatre Milles East Flake Graphite Property in Quebec.

    The Company is very encouraged by these first results that confirm wider zones than expected from current drilling than historical results with mineralization starting near surface.

    "With 17 drill holes to report, we have already had unexpected intercepts outside the high grade graphitic beds discovered by Graphicor. This bodes well for the concept of a near-surface, open pit scenario.", stated A. Paul Gill, CEO, Lomiko Metals Inc.

    Highlights

    -QM 12-04 5.00 m to 75.00 m -- 70.00 meters of 2.17 Cg%

    including 12.50 meters of 4.58 Cg%

    -QM 12-03 3.50 m to 54.62 m - 51.12 meters of 1.48 Cg%

    -QM 12-06 40.00 m to 71.50 m 31.50 meters of 1.94 Cg%

    Also, these wider zones contain some areas with higher grade graphite. Please see the table below for detail results.

    ----------------------------------------------------------------|- -- -- -- -- |Mineralization |- ||--------------------------------------------------------------||Drill |Easting|Northing|Azimuth|Dip|From |To |Length|Cg % ||Hole # |(UTM) |(UTM) |(°) |(°)|(m) |(m) |along | || | | | | | | |the | || | | | | | | |core | ||--------------------------------------------------------------||QM-12-01|496666 |5168535 |140 |-80|41.88|44.13|2.25 |1.35 || |-----------------------------------------------------|| | | | | |66.40|69.40|3.00 |2.23 ||--------------------------------------------------------------||QM-12-02|496628 |5168430 |140 |-80|14.00|20.00|6.00 |2.19 || |-----------------------------------------------------|| |INCLUDES: |15.50|18.50|3.00 |2.85 || |-----------------------------------------------------|| | | | | |23.00|30.50|7.50 |1.50 || |-----------------------------------------------------|| | | | | |52.60|58.00|5.40 |1.44 ||--------------------------------------------------------------||QM-12-03|496532 |5168403 |140 |-80|3.50 |54.62|51.12 | ||* | | | | | | | |1.48*|| |-----------------------------------------------------|| |INCLUDES: |3.50 |14.90|11.40 |1.34 || |-----------------------------------------------------|| |INCLUDES: |22.10|36.40|14.30 |1.51 || |-----------------------------------------------------|| |INCLUDES: |39.12|54.62|15.50 |2.39 ||--------------------------------------------------------------||QM-12-04|496511 |5168143 |140 |-80|5.00 |75.00|70.00 |2.17 || |-----------------------------------------------------|| | | | | |10.40|27.40|17.00 |3.78 || |-----------------------------------------------------|| | | | | |31.90|47.55|15.65 |2.01 || |-----------------------------------------------------|| | | | | |53.90|75.00|21.10 |2.19 || |-----------------------------------------------------|| | | | | |10.40|75.00|64.60 |2.28 || |-----------------------------------------------------|| |INCLUDES: |13.40|25.90|12.50 |4.58 || |-----------------------------------------------------|| |INCLUDES: |31.90|47.55|15.65 |2.01 || |-----------------------------------------------------|| |INCLUDES: |53.90|75.00|21.10 |2.19 ||--------------------------------------------------------------||QM-12-05|496861 |5168485 |340 |-80|3.65 |10.15|6.50 |2.19 || |-----------------------------------------------------|| | | | | |57.00|60.17|3.17 |2.49 || |-----------------------------------------------------|| | | | | |63.00|66.00|3.00 |1.54 ||--------------------------------------------------------------||QM-12-06|496929 |5168569 |320 |-80|40.00|71.50|31.50 |1.94 || |-----------------------------------------------------|| |INCLUDES: |40.00|56.50|16.50 |2.67 || |-----------------------------------------------------|| |INCLUDES: |40.00|67.00|27.00 |2.11 |----------------------------------------------------------------

    * There was no sampling done from 15.9m to 21.10m and from 37.4m to 38.12m. Composite value was calculated with 0 value for these intervals

    -Drill hole intervals reported herein are not true widths but reported along core.

    -Drill hole intervals are weight-averaged based on the sample width.

    -No internal cut-off grades were used in the reported intervals.

    Acme Metallurgical Limited of British Columbia conducted analysis

    -Whole coarse sample dried and crushed to 2 mm and homogenized.

    -100 grams aliquot (sub-sample) split out and pulverized.

    -5 grams of the pulverized pulp was then leached with dilute hydrochloric acid

    -Leach residue is roasted at 450 degrees Celsius and 1200 degrees Celsius.

    -Weights were measured between double ignitions.

    Quality Control and Assurance Procedure

    -Duplicate and internal standard samples were taken every tenth sample

    -If any duplicate or standard results exceeded95% confidence limit, the entire ten sample batch was repeated.

    The previous drilling by Graphicor at Quatre Milles East indicated a near-surface, road-accessible target which was intersected by multiple drill holes during historic, non-NI 43-101 compliant drilling. The available information has been complied into a NI 43-101 report which will be the template for describing a resource if the drilling program is successful. It is available at:

    www.lomiko.com/properties/quatre.html

    Graphite Facts

    -Natural graphite comes in several forms: flake, vein, amorphous and lump.

    -Southwestern Quebec is host to some of the most favourable geological terrain for graphite exploration in Canada and is known to host graphite resources, including the nearby Lac Des Iles Mine operated by Timcal.

    -Graphite has many important new applications such as lithium-ion batteries, fuel cells, and nuclear and solar power that have the potential to create significant incremental demand growth.

    -There is roughly 20-30 times more graphite by weight needed to produce a lithium-ion battery than there is lithium.

    -Of the 1.2 million tonnes of graphite produced annually, approximately 40 per cent is of the most desirable flake type.

    High-growth, high-value graphite applications require large-flake and high-purity graphite which is the prime exploration and development target at the Quatre Milles East Property.

    Lomiko's Quatre Milles East Graphite Property

    The Quatre Milles East 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 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. A table of results from the 43-101 indicates:

    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.

    Graphite Market

    -The price for flake graphite is $ 2000-$3000 per tonne depending on flake size and grade.

    -Graphite prices have been increasing in recent months and over the last couple of years prices for large flake, high purity graphite (+80 mesh, 94-97%C) have more than doubled.

    -Graphite prices have almost tripled since 2005 due to the ongoing industrialization of China, India and other emerging economies and resultant strong demand from traditional steel and automotive markets.

    -Demand for graphite is expected to rise as electric vehicles and lithium battery technology are adopted, nuclear reactors are built in China, and if fuel cells and graphene patents become products.

    -China, which produces about 70 per cent of the world's graphite, is seeing production and export growth leveling, and export taxes and a licensing system have been instituted.

    -Europe and the USA have both indicated graphite is of economic importance and has a supply risk (Critical Raw Materials for the EU, July 2010).

    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 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.

    Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company

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