Lomiko's Rapid Progress on Graphite Prospect Continues - CEO Buys Shares LMR.v
"We like to see, when CEO of the Lomiko Metals is constantly buying shares of the company. Upcoming drill program and resource estimation will be the pivotal point for Lomiko and can become the company maker."
Graphite Investing News:
Lomiko Metals Inc. (TSXV:LMR) is a Vancouver, British Columbia based exploration company focused on graphite. In May 2012, the company acquired 100 percent interest in the Quatre Milles Graphite Property.
Lomiko Metals plans to mount an aggressive exploration campaign in 2012 on the Quatre Milles Graphite Property commencing with a complete compilation of historic geological work followed by surface mapping, prospecting and follow-up diamond drilling. Exploration programs for both properties are planned for the summer of 2012 and coincide with increased interest and demand for graphite.
- Existing infrastructure: Quatre Milles Project is accessible by paved road and close to Montreal
- 100% owned graphite property in good jurisdiction (Quebec)
- Historical drill results show 8% graphite over 28.6m
- Fully financed for Phase I drilling of 15-20 holes to confirm historic drilling
- 23 of 26 historic holes drilled show graphite grades at 4.69% or better
- Experienced executive team
KEY PROJECTQuatre Milles Graphite Property
The Quatre Milles Graphite Property is located 175 km northwest of Montreal and 17 km north of the town of Sainte-Véronique. The property is accessible by highway and is composed of twenty-eight contiguous mining claims totaling approximately 3,780 hectares and covering two separate claim blocks; one 8 km by 7 km, and the other 7 km by 5 km. 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.
The property was originally staked and explored by Graphicor Resources Inc. during the summer of 1989 based on the results of a regional helicopter-borne EM survey. Graphicor completed reconnaissance mapping, prospecting, ground geophysics as well as a twenty-six hole diamond drill program totaling 1,625 metres.
Graphicor Resources 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 percent Cgf (graphite), 18.06 percent Cgf and 20.35 percent Cgf. Twenty-three of the initial 26 drill holes intersected graphite concentrations with a highlight of 8.07 per cent Cgf over 28.60 metres in hole Q90-7. The highest individual assay was reported in hole Q90-10, which returned 15.48 percent Cgf over 0.50 metres.
Lomiko Metals is currently planning an exploration program for the Quatre Milles Property including mapping, prospecting and diamond drilling to test and confirm the areas of historical high-grade graphite intersected previously by Graphicor Resources Inc. on the property.SUMMARY
Based on the historical data from the work completed by Graphicor in the 90's on the Quatre Milles Graphite Property and given the increasing global demand for graphite, Lomiko Metals is moving forward with its goal to complete both Phase I & II and establish a flake graphite resource at the property by December 2012.
A. Paul Gill, President and Chief Executive Officer
Mr. Gill is the President of AJS Management Inc., a company providing management consulting to private and public companies. He has also been involved in the strategy, planning and implementation phases of re-structuring organizations. Until October 2006, Mr. Gill was heavily involved in the dynamic growth stage of Norsemont Mining where the company grew from a market capitalization of $1 million to $50 million. During his tenure with Norsemont Mining, Mr. Gill was the VP of Business Development and Director as well as the President & CEO, Chief Financial Officer and Corporate Secretary. Mr. Gill previously provided advice on health and safety issues and Workers' Compensation matters to individuals and businesses.
Jacqueline Michael, Chief Financial Officer
Ms. Michael has over 20 years of financial and administration experience. In 1988, Ms. Michael co-founded The Conac Group, a software development company for construction management, where she acted as President and CEO. In 1997, Ms. Michael was successful in taking the company public on the CDNX Exchange and helped raise over $5 million in private placement financings for the company. Ms. Michael has acted as the President and Chief Executive Officer for public companies for over 10 years.
Mark Nesbitt , Director
Mr. Nesbitt is a natural resources attorney in Denver, Colorado specializing in domestic and international mining transactions, agreements, negotiations, title, due diligence, corporate and general business counsel. He received a BS degree in geology from Washington State University. He received his JD from Gonzaga University following service in the U.S. Army and working as a field exploration geologist for Cominco and Kennecott. Before entering private practice in 1988, Mr. Nesbitt worked for Homestake Mining Co., Amoco Minerals Co., Cyprus Minerals Co. and Minatome Co., a subsidiary of Total Petroleum.
Mr. Nesbitt is a member of the International, American, Colorado and Denver Bar Associations, Rocky Mountain Mineral Law Foundation, Mining & Metallurgical Society of America, International Mining Professionals Society and Colorado Mining Association. He is also a former Director of the Colorado Mining Association and past President of the Rocky Mountain Association of Mineral Landmen.
Julius Galik, Director
A business man and a financial advisor with PFSL, Mr. GalikGalik served as director of Dorex Minerals Inc. and in September 2009 was elected Dorex President and CEO.
Dr. Dietmar Siebholz, Advisory Board member
Dr. Siebholz has been researching graphite and graphene developments in Europe and is a significant shareholder of Lomiko. In the spring of 2010, Dr. Siebholz added graphite to the list of minerals he favours for investment. In his opinion, graphite is the technology mineral of the future that should replace common technology resources - at least partially - within the next ten years.
Dr. Siebholz has devoted his attention to the issues of money, currency stability and commodities, precious metals and optimizing investment portfolios. As a result of the development of technologies and the receipt of patents financed by himself and his family, he was offered consulting agreements in 2009. Pursuant to the agreements, he was to prepare the application of pump systems developed by his company for open pit mining in rainy countries (including Costa Rica, Panama, Colombia and Paraguay) and to start the corresponding application-oriented production of these pump systems.
His current technological interest focuses on the advancement of a revolutionary cooling system and the application of graphite in high-tech developments. However, he remains loyal to his favorites: gold (as currency secured by substance since 1998), silver (as currency secured by substance and technology metal since 2001), rare earths (as technology metals since 2005) as long as there is a trend to expanding high-tech applications. Since 2008, graphite has become an investment focus.
Mr. Kumara Rachamalla, M.B.A,M.Eng., P.Eng., Advisory Board member
Mr. Rachamalla is highly experienced in government and financial matters. He has developed and implemented innovative incentive policies for the Government of Ontario, advised public and private sector clients on technical, environmental, natural resource, financial and taxation issues.
Mr. Rachamalla designed economic, financial and taxation models to develop and assess a broad range of fiscal options and their impact on private sector investments and made recommendations for incorporation into tax statutes. He has advised institutional investors in Canada, the U.S., Europe and the Far East on attractive investment opportunities in the natural resource sector by providing in-depth commodity analysis, combining financial, technical and industry expertise and provided expert opinion in Canadian and U.S. tax courts.
Mr. Rachamalla has raised both equity and debt capital for corporations and advised corporate clients on financing, joint ventures, acquisitions and mergers. He has also developed strategic plans and reviewed project evaluation of the multi-billion dollar Syncrude oil-sands project, has evaluated and conducted feasibility studies and ore reserve estimates in Quebec and Yukon Territories as Assistant Chief Mine Engineer and has conducted cost-benefit analyses, environmental studies and health and safety surveys for the National Coal Board in the United Kingdom."
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