Gold Soars in Wake of US Election – Lomiko Seeks Partner for Gold Exploration
Lomiko Metals seeks a partner to explore the Eastern portion of the Vines Lake Project for gold and silver.
VANCOUVER, British Columbia, Nov. 09, 2016 (GLOBE NEWSWIRE) — LOMIKO METALS INC. (TSX-V:LMR) (OTC:LMRMF) (FSE:DH8B) (ISIN:CA54163Q1028) (WKN: A0Q9W7) (“Lomiko” or “the Company) seeks a partner to explore the Eastern portion of the Vines Lake Project for gold and silver. Please see a website summary at: http://www.lomiko.com/properties/vineslake.html.
“A continued destabilization of the United States may occur in the wake of last night’s historic vote in the USA. There is good potential for a renewed interest for gold and silver,” stated A. Paul Gill, CEO of Lomiko Metals.”
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.
- A 73 gold ounce nugget was found at McDame Creek near the Vines Lake Property.
The historic information above was first released July 19, 2012
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