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. (TSXV:LMR,OTCQX:LMRMF,FSE:DH8B) announced it is seeking a partner to explore the Eastern portion of the Vines Lake Project for gold and silver.
The Vines Lake Property is located in the Cassiar Gold Camp in the Liard Mining District of northwestern British Columbia. Lomiko Metals Inc. currently holds the rights to 3 claims acquired in 2006 totaling 1,209 Ha (2,987 Acres). The Vines Lake property has year round paved road access as the property’s northern boundary crosses Hwy 37N, seven kilometers 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 is owned by China Minerals.
- Approximately 316,000 ounces of gold have been produced at the adjacent Table Mountain Mine from 1979-2007 under various companies.
- An 87 gold ounce nugget was found at McDame Creek near the Vines Lake Property.
Lomiko Metals CEO, A. Paul Gill, stated:
A continued destabilization of the Europe may occur in the wake of last night’s historic vote in the UK to leave the EU. 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. Our purpose is to be prepared to provide exponential growth opportunities for investors.