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Lomiko Metals Identifies New Gold Showing and Extends Multi-Element Anomalies to the South at the Yellow Fox Antimony, Silver, and Gold Property Located in Central Newfoundland
Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko” or the “Company”) is please...
About this update from Lomiko Metals Inc.
[{"type":"text","content":"Lomiko Metals Identifies New Gold Showing and Extends Multi-Element Anomalies to the South at the Yellow Fox Antimony, Silver, and Gold Property Located in Central Newfoundland\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwuline { text-decoration: underline }\n \n\n\n\n Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko” or the “Company”) is pleased to announce the recently completed phase II soil sampling and prospecting program on the Yellow Fox, antimony, silver, and gold property acquired from Metals Creek as per news release issued on January 21st, 2025. (See LMR news release dated January 21, 2025).\n \n\n Gordana Slepcev, CEO, President, and Director, stated: “We are very excited about this new gold anomaly discovered with the second phase of the soil sampling, which builds on the great results we have seen with the Phase 1 results. This gold anomaly, now identified to be almost a one-kilometer-long, may extend south, and this is where we will focus with more soil sampling in Phase 3. Also, we are amazed to see anomalous values of Cerium and the magnitude of the Rare Earth anomalies with those soil sampling results spanning over 2.5 km long and individual anomalies up to 400m in width. This is indicated in the older studies, but not actively seen along the Dog Bay Line. In addition to the excellent soil sample results, the company also identified a new showing (rock sample picture 1-4) that rendered a rock sample result of 1.3g/t Au. The showing outcrops at the surface approximately 3 meters wide and 10 meters long. The focus now will be to strip and trench this new showing to determine its extent and collect rock samples.”\n \n\n In addition, Newfoundland has just been named on the Fraser Institute’s list of top mining jurisdictions. Newfoundland & Labrador appears in the list of the top ten most attractive jurisdictions for mining investment.\n \n\n Source:\n \n https://www.fraserinstitute.org/studies/annual-survey-mining-companies-2024\n \n\n\n The Company’s management has previous working experience in Newfoundland, which we believe is highly promising for the company's future and was recently awarded a grant which is now active under the Province’s critical mineral initiatives\n \n\n\n\n Highlight...