Why Invest in Graphite?
- Global consumption of natural graphite has increased from approximately 600,000 tonnes in 2000 to roughly 1.2 million tonnes in 2011
- Demand for graphite has been increasing by approximately 5 per cent per year since 2000 due to the continuing modernization of China, India and other emerging economies
- Graphite also has many important new applications such as lithium-ion batteries, fuel cells, and nuclear and solar power
- There is roughly 10-20 times more graphite in a lithium-ion battery than there is lithium
- Lomiko and Graphene Labs agree to co-develop a vertically integrated supply chain that includes a secure supply of high-quality graphite, cost-effective and scalable processing, tight quality control and integration of graphene-based products in end-user products. The parties will capitalize on the secure supply of high quality graphite, provided by Lomiko, and the extensive customer database and expertise in graphene materials brought by Graphene Labs.
- Industrial clients include Fortune 500 companies involved in researching graphene and the development of graphene-related products.
Quatre Milles Graphite Property
The Quatre Milles 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.
Lomiko optioned the Quatre Milles Graphite Property to search for large flake, crystalline graphite which is sought after for use in electric cars, fuel cells, pebble-bed nuclear reactors. Graphene, a newly discovered, chicken-wire shaped formation of carbon which is one-atom thick has also re-kindled interest in large flake graphite properties. Graphene has incredible properties that can make it 200 times stronger than steel, a superconductor and heat-resistant. Research scientists world-wide are experimenting with new technology that use graphene and many new patents have been filed since the Nobel Prize was awarded for its discovery in 2010. The company announced that it has received a drilling permit and is preparing for the upcoming drilling at the Quatre Milles East Property.
The company reported results for 17 of 23 drill holes completed at the Quatre Milles East Flake Graphite Property in Quebec.
Lomiko is very encouraged by Phase I results that continue to confirm wider zones than expected from over 10 holes with mineralization starting near surface. The strike length is over 1.1 km long and open to extension.
Highlights Drill Holes 7-23
-QM 12-10 4.50 m to 47.42 m 42.92 meters of 2.47 Cg%
-including 5.46 meters of 8.02 Cg%
-QM 12-16 31.48 m to 51.00 19.52 meters of 6.23 Cg%
-QM 12-17 5.20 m to 37.73 m 32.53 meters of 2.89 Cg%
-QM 12-19 2.00 m to 43.30 m 41.30 meters of 2.73 Cg%
-QM 12-20 4.30 m to 44.75 m 40.45 meters of 2.83 Cg%
including 3.45 meters of 10.01 Cg%
-QM 12-21 1.35 m to 39.50 m 38.15 meters of 3.43 Cg%
including 4.77 meters of 10.80 Cg%
-QM 12-22 11.20m to 51.00 m 39.80 meters of 3.71 Cg%
including 9.90 meters of 8.81 Cg%
-QM 12-23 6.90 m to 50.10 m 43.20 meters of 3.71 Cg%
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.
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.
Graphicor geologists commented that the results of the initial drill program were extremely encouraging and recommended additional detailed drilling to properly understand and evaluate the potential of the propert
Salar de Aguas Caliente Lithium Brine Property
Lomiko Metals Inc. announced June 22, 2009 that it has purchased 100% of 8 pedimentos (claims) making up 1900 Ha of the Chilean Salt Lake known as Salar de Aguas Calientes. The Company now owns eight (8) of nine (9) claims that make up the Salar. One (1) claim of 400 Ha is currently owned by Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM), the primary producer of Lithium in the region.
The Vines Lake Property - Exploration Opportunity
Lomiko Metals Inc. holds the rights to 5,403 Ha located in the south western corner of the Cassiar Gold District or ‘Cassiar Gold Camp’ as it is often referred in the Liard Mining District, NTS 104P, (Figure 4.2). The Vines Lake property’s northern boundary crosses Hwy 37N 7 kilometers south of the unincorporated settlement of Jade City. Highway 37 N bisects the property north to south.
Last changed at 12-Feb-2013 02:49PM by AGORACOM