Agoracom Blog

SKYPE INTERVIEW: Lomiko Metals – Flake Graphite, Near Surface, Open Pit Mining Potential

Posted by AGORACOM-JC at 4:28 PM on Wednesday, January 9th, 2013

                      

                                                                                   LMR: TSX-V

Lomiko’s Quatre Milles East Graphite Property

The Quatre Milles East 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 recently reported that 23 drill holes totaling 1600 metres were completed at the Quatre Milles East Flake Graphite Property in Quebec. Visible large flake graphite was identified in multiple drill holes from this campaign.

Highlights:

-QM 12-04 5.00 m to 75.00 m — 70.00 meters of 2.17 Cg%

including 12.50 meters of 4.58 Cg%

-QM 12-03 3.50 m to 54.62 m – 51.12 meters of 1.48 Cg%

-QM 12-06 40.00 m to 71.50 m 31.50 meters of 1.94 Cg%

Corporate website / Hub on AGORACOM

 

 

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Lomiko’s 11 High Grade, Near Surface Flake Graphite Drill Hole Results Indicate Open Pit Mining Potential at Quatre Milles

Posted by AGORACOM-JC at 8:11 AM on Wednesday, January 9th, 2013

VANCOUVER, BRITISH COLUMBIA–(Jan. 9, 2013) – LOMIKO METALS INC. (TSX VENTURE:LMR)(PINKSHEETS:LMRMF) (ISIN# CA54163Q1028) (WKN A0Q9W7) (the “Company”) summarizes 2012 as the year of “The Graphite Revolution” as investors became aware of this industrial metal. Investors scrambled to invest in companies as the companies themselves participate in a staking and acquisition boom in early 2012 in Southern Quebec and Ontario.

China, which produces about 90 per cent of the world’s graphite, is seeing production and export growth leveling, and export taxes and a licensing system have been instituted in order to regulate and control supply. Europe and the USA have both indicated graphite is of economic importance and has a supply risk (Critical Raw Materials for the EU, July 2010).

“There is currently extensive research being conducted for graphite and graphene related innovations and inventions. Over 400 patents have been filed for graphite and graphene related products in the past 5 years,” stated A. Paul Gill, CEO.

Given the high possibility of future limited supply of sought-after flake graphite and growing demand, Lomiko has acquired the Quatre Milles Project and completed 23 drill holes, all of which intersected mineralization. An NI 43-101 Resource has not been filed for the property nor has a Pre-Economic Assessment (PEA). The full extent of mineralization remains to be tested under Phase II of the exploration program along strike and at depth.

The Quatre Milles Property East is road accessible via Highway No.1 and a gravel road 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 recently optioned the Quatre Milles West Property, a 2180 Ha Property with similar geology. Combined, the Quatre Milles Property Package is 3,780 Ha.

Highlighted Drill Holes

– QM 12-04 5.00 m to 75.00 m 70.00 meters of 2.17 Cg%

including 12.50 meters of 4.58 Cg%

– QM 12-03 3.50 m to 54.62 m 51.12 meters of 1.48 Cg%

– QM 12-06 40.00 m to 71.50 m 31.50 meters of 1.94 Cg%

– 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%

– Drill hole intervals reported herein are not true widths but reported along core.

– Drill hole intervals are weight-averaged based on the sample width.

– No internal cut-off grades were used in the reported intervals.

The drill hole map and a full set of drill results released October 22 and November 13, 2012 are available at:

http://www.lomiko.com/properties/quatre.html

2013 Goals

– Raise the profile of the Company with Institutions

– Improve US Exposure through new listing

– Complete Metallurgical studies on the graphite at Quatre Milles East.

– Perform preliminary exploration at Quatre Milles West.

– Complete a 43-101 compliant flake graphite resource study.

Jean-Sebastien Lavallée (OGQ #773), geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

For more information, review the website at www.lomiko.com.

On Behalf of the Board

A. Paul Gill, Chief Executive Officer

We seek safe harbor.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

Lomiko Metals Inc.
A. Paul Gill
Chief Executive Officer
604-729-5312
[email protected]
www.lomiko.com

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Focus Graphite Appoints Mr. Benoit Lafrance Vice-President, Exploration

Posted by AGORACOM-JC at 1:56 PM on Monday, January 7th, 2013

OTTAWA, ONTARIO–(Jan. 7, 2013) – Mr. Gary Economo, President and CEO, Focus Graphite Inc., (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) is pleased to announce the appointment of Mr. Benoit Lafrance, P.Geo, Ph.D., as Vice-President, Exploration. Mr. Lafrance’s appointment is effective immediately.

“Mr. Lafrance’s addition to Focus Graphite’s management, particularly his experience in mineral exploration as well as his strong academic background in metallogenic studies brings additional strength to our core management team to develop new projects and evaluate future domestic and international opportunities with a view to increasing shareholder value,” Mr. Economo said.

Mr. Lafrance replaces Mr. Tony Brisson who resigned to pursue other interests.

Mr. Lafrance assumes his responsibilities with Focus Graphite after serving three years as scientific researcher for CONSOREM, an applied research group for mineral exploration. His previous experience includes four years with Cogitore Resources Inc. as senior geologist and five years with the Quebec Government geological survey.

Mr. Lafrance, a Chicoutimi, Québec-based geologist holds a Ph.D. degree in Mineral Resources Studies from the Université du Quebec à Chicoutimi.

About Focus Graphite

Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. Focus is the owner of the Lac Knife graphite deposit located in the Côte-Nord region of northeastern Québec. The Lac Knife project hosts a NI 43-101 compliant Measured and Indicated mineral resource of 4.972 Mt grading 15.7% carbon as crystalline graphite with an additional Inferred mineral resource of 3.000 Mt grading 15.6% crystalline graphite. Focus’ goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. On October 29th, 2012 the Company released the results of a Preliminary Economic Analysis (“PEA”) of the Lac Knife project which demonstrates that the project has robust economics and excellent potential to become a profitable producer of graphite. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus Graphite is also investing in the development of graphene applications and patents through Grafoid Inc.

Forward Looking Statements – Disclaimer

This news release may contain forward looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com Focus Graphite disclaims any intention or obligation to revise or update such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

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Rock Tech Intersects 4.24% Graphite over 13.12 metres at Lochaber

Posted by AGORACOM-JC at 9:49 AM on Monday, January 7th, 2013

Jan 07, 2013 — Vancouver, British Columbia, Canada, January 7, 2013 – Rock Tech Lithium Inc. CA:RCK +10.00% (frankfurt:RJIA) (the “Company” or “Rock Tech”) announces additional assay results from its Lochaber graphite property in Quebec. The assay results correspond to the four remaining drill holes that were part of the drill program announced by the Company on October 1, 2012.

Two of the drill holes successfully tested the extension of graphite mineralization to the north along electromagnetic conductor ‘C’. This conductor, now with a strike length exceeding one-half of a kilometer, remains open to the north and south and at depth. Of the additional two drill holes, one tested electromagnetic conductor ‘E’ while the other, drilled on electromagnetic conductor ‘A’, was primarily for metallurgical testing and was adjacent to drill hole PB-12-02. The electromagnetic conductors were identified on the Plumbago area of the property during geophysical surveys in September, 2012 (click here to view a map).

Highlights of these assay results include:

-Drill hole PB-12-10 intersected 47.82 metres of graphitic carbon (“Cg”) at various depths with grades ranging from 1.07% Cg to 4.24% Cg, including 13.12 metres at 4.24% Cg, 11 metres at 2.62% Cg, and 14 metres at 3.61% Cg;

-Drill Hole PB-12-11 intersected 29.96 metres of Cg at various depths with grades ranging from 1.18% Cg to 9.03% Cg, including 3.77 metres at 9.03% Cg, 4 metres at 3.94% Cg, 5.49 metres at 2.13% Cg and 5.76 metres at 2.52% Cg;

-Drill Hole PB-12-12 intersected 8.43 metres of Cg at various depths with grades ranging from 1.03% Cg to 2.42% Cg; and

-Drill Hole PB-12-13 intersected 82.24 metres of Cg at various depths with grades ranging from 1.08% Cg to 8.25% Cg, including 10.13 metres at 3.66% Cg, 2.96 metres at 3.91% Cg, 7.31 metres at 4.16% Cg, 1.62 metres at 8.25% Cg, 2.93 metres at 7.61% Cg, 5.62 metres at 3.4% Cg and 10.93 metres at 5.92% Cg.

To date, the Company’s geophysical surveys and drill programs have focused exclusively on the Plumbago area of the property which includes only four of the thirty-two claims subject to the property option agreement. Surface samples taken from the Kelly, McLaren and Burke areas of the property returned graphite results up to 22% (see September 13, 2012 news release).

“The assay results from the first round of drilling have exceeded our expectations and illustrate the resource potential of the property. On their own, the results from the Plumbago area are highly encouraging. Electromagnetic conductor ‘A’ has been traced for 300 metres along strike while electromagnetic conductor ‘C’ has been traced for over one-half of a kilometre along strike. Both conductors remain open along strike and at depth. Our optimism is bolstered by the fact that the Plumbago area represents less than 13% of the claims under option while surface samples from other areas of the property show the potential for further high-grade graphite mineralization. Drilling continues on the Plumbago area and will further test the extensions of the previously identified electromagnetic conductors,” said Afzaal Pirzada, Rock Tech’s Vice President of Exploration and interim CEO.

Quality Assurance/Quality Control

All core samples are logged and split by wet diamond saw with half sent to the lab for analysis and half stored securely on site. The core sample lengths typically average 1 metre but vary depending on geological boundaries. Additional QA/QC procedures include inserting blanks into the core sample stream at industry standard intervals with duplicate core samples taken at intervals of twenty. Core samples are prepped and analyzed by Acme Metallurgical Limited (“AcmeMet”) in Vancouver, British Columbia. During analysis, the core samples are dried, pulverized, leached and roasted at 450? Celsius and 1200? Celsius with measured weights taken between double ignitions. AcmeMet also conducts duplicate and internal standard samples at intervals of ten as part of their QA/QC program.

For additional details, please see the table below:

         ----------------------------------------------
         |Hole ID |Depth From|Depth To|Width |Graphite|
         |        |-----------------------------------|
         |        |Metres    |Metres  |Metres|%       |
         |--------------------------------------------|
         |PB-12-10|15.00     |20.80   |5.80  |2.93    |
         |        |-----------------------------------|
         |        |24.00     |37.12   |13.12 |4.24    |
         |        |-----------------------------------|
         |        |42.60     |53.60   |11.00 |2.62    |
         |        |-----------------------------------|
         |        |57.00     |71.00   |14.00 |3.61    |
         |        |-----------------------------------|
         |        |82.00     |83.90   |1.90  |1.24    |
         |        |-----------------------------------|
         |        |100.00    |101.00  |1.00  |1.10    |
         |        |-----------------------------------|
         |        |102.00    |103.00  |1.00  |1.07    |
         |--------------------------------------------|
         |PB-12-11|28.08     |33.77   |5.69  |1.92    |
         |        |-----------------------------------|
         |        |46.13     |47.13   |1.00  |1.18    |
         |        |-----------------------------------|
         |        |47.13     |50.90   |3.77  |9.03    |
         |        |-----------------------------------|
         |        |52.90     |56.90   |4.00  |3.94    |
         |        |-----------------------------------|
         |        |58.90     |64.39   |5.49  |2.13    |
         |        |-----------------------------------|
         |        |70.00     |75.76   |5.76  |2.52    |
         |        |-----------------------------------|
         |        |78.45     |82.70   |4.25  |1.52    |
         |--------------------------------------------|
         |PB-12-12|16.50     |17.50   |1.00  |1.19    |
         |        |-----------------------------------|
         |        |19.50     |20.50   |1.00  |1.31    |
         |        |-----------------------------------|
         |        |36.87     |37.87   |1.00  |1.06    |
         |        |-----------------------------------|
         |        |89.00     |90.00   |1.00  |1.09    |
         |        |-----------------------------------|
         |        |107.78    |108.70  |0.92  |1.24    |
         |        |-----------------------------------|
         |        |120.50    |121.20  |0.70  |1.03    |
         |        |-----------------------------------|
         |        |122.30    |124.15  |1.85  |2.42    |
         |        |-----------------------------------|
         |        |125.04    |126.00  |0.96  |1.42    |
         |--------------------------------------------|
         |PB-12-13|5.30      |6.28    |0.98  |1.92    |
         |        |-----------------------------------|
         |        |15.60     |17.44   |1.84  |1.40    |
         |        |-----------------------------------|
         |        |21.67     |22.67   |1.00  |1.08    |
         |        |-----------------------------------|
         |        |27.79     |33.84   |6.05  |1.77    |
         |        |-----------------------------------|
         |        |42.31     |43.35   |1.04  |1.16    |
         |        |-----------------------------------|
         |        |43.35     |53.48   |10.13 |3.66    |
         |        |-----------------------------------|
         |        |54.08     |54.57   |0.49  |1.29    |
         |        |-----------------------------------|
         |        |55.15     |58.11   |2.96  |3.91    |
         |        |-----------------------------------|
         |        |61.40     |68.71   |7.31  |4.16    |
         |        |-----------------------------------|
         |        |79.98     |83.15   |3.17  |1.44    |
         |        |-----------------------------------|
         |        |84.20     |87.18   |2.98  |1.15    |
         |        |-----------------------------------|
         |        |88.24     |88.98   |0.74  |1.24    |
         |        |-----------------------------------|
         |        |90.60     |92.46   |1.86  |2.19    |
         |        |-----------------------------------|
         |        |97.40     |99.45   |2.05  |1.46    |
         |        |-----------------------------------|
         |        |103.54    |105.16  |1.62  |8.25    |
         |        |-----------------------------------|
         |        |106.12    |109.05  |2.93  |7.61    |
         |        |-----------------------------------|
         |        |109.05    |113.04  |3.99  |2.24    |
         |        |-----------------------------------|
         |        |114.63    |119.73  |5.10  |2.96    |
         |        |-----------------------------------|
         |        |120.38    |126.00  |5.62  |3.40    |
         |        |-----------------------------------|
         |        |127.00    |129.63  |2.63  |2.78    |
         |        |-----------------------------------|
         |        |131.02    |133.00  |1.98  |3.16    |
         |        |-----------------------------------|
         |        |134.02    |135.00  |0.98  |2.21    |
         |        |-----------------------------------|
         |        |171.19    |174.15  |2.96  |1.31    |
         |        |-----------------------------------|
         |        |176.94    |177.84  |0.90  |2.84    |
         |        |-----------------------------------|
         |        |198.72    |209.65  |10.93 |5.92    |
         ----------------------------------------------

Note: The true thickness of the drill intersection may be less than the reported intervals

Drill hole PB-12-10 is located at 474873E, 5055668N (NAD 1983, Zone 18N) with azimuth 101.9? and dip -50?, drill hole PB-12-11 is located at location 474873E, 5055760N (NAD 1983, Zone 18N) with azimuth 101? and dip -50.3?, drill hole PB-12-12 is located at location 474782E, 5056711N (NAD 1983, Zone 18N) with azimuth 104? and dip -50?, drill hole PB-12-13 is located at location 475408E, 5056048N (NAD 1983, Zone 18N) with azimuth 104.8? and dip -45?.

The technical information contained in this news release has been reviewed by Afzaal Pirzada, P.Geo., Vice President, Exploration and interim CEO of the Company and a Qualified Person as defined in NI 43-101.

On behalf of the Board of Directors,

“Afzaal Pirzada”

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I Don’t Drink Red Bull … But I’m Inspired By Their Message

Posted by AGORACOM at 6:32 PM on Thursday, January 3rd, 2013

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Oz Minerals to Potentially Earn 90% Interest in Copaquire for $90M Payment To Int’l PBX Ventures *Client*

Posted by AGORACOM-JC at 2:54 PM on Wednesday, January 2nd, 2013

             

Terry Lynch, President of International PBX Ventures Ltd. Goes Beyond the Press Release to discuss PBX Signing JV option agreement to allow OZ Minerals to earn a 90% interest in Copaquire by making cash payments of $90 million and drilling up to 30,000 meters.

OZ Minerals Now Drilling Multiple Targets

The Copaquire project is one of the most unique copper-moly projects in all of South America containing both high grade molybdenum and copper. A molybdenum rich core (Cerro Moly) surrounded by a large porphyry copper system (Sulfato) with grades of up to 2% copper.

Corporate Website / Hub On AGORACOM

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Company can’t explain graphite stock’s sudden gleam

Posted by AGORACOM-JC at 9:36 AM on Wednesday, January 2nd, 2013

OTTAWA — Northern Graphite Corp. said Monday it knows of no reason for a run on its stock that almost tripled the share price in late December.

The Ottawa-based mining company was trading for just 58 cents on Dec. 14 before the run-up took the price to $1.52 on Friday.

After its Monday assertion that it could offer no specific cause for the increase, shares fell to 98 cents in heavy trading on the Toronto Stock Exchange before recovering to $1.10 by early afternoon.

“Recent Chinese restrictions on new and existing graphite producers, positive comments by industry analysts and the year-end tax-loss selling may all have had some effect,” chief executive Gregory Bowes said in a statement.

Such swings are hardly unusual for junior resource companies, especially those in early stages. Northern Graphite was trading for as much as $3.42 in April 2012 before starting a steady slide.

The company wants to redevelop the Bissett Creek property near the Ottawa River west of Deep River. It proposes to build a $103-million open-pit mine capable of handling 2,300 tons a day and employing about 80 people.

Demand for graphite is increasing as new uses are found for the mineral, including in lithium batteries and fuel cells, and as China, the world’s largest user of graphite, guards its domestic supply.

Bowes said Northern Graphite expects to make announcements soon on construction plans and a new estimate of resources at the site.

[email protected]

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Eerily Similar Action To US Debt Ceiling Brinkmanship In August 2011

Posted by AGORACOM at 5:39 PM on Friday, December 28th, 2012

 

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Last Time US Politicians Were This Polarized … They Set The Depression Table

Posted by AGORACOM at 5:32 PM on Friday, December 28th, 2012

I don’t have much to say.  The graph and resulting logic is clear. Click on image for full story over at ZeroHedge.

 

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Innolog (INHC:OTCBB) Army Contract Adds To Long List Of US Department Of Defence Contracts

Posted by AGORACOM at 12:33 PM on Thursday, December 20th, 2012

Investing in small-caps can be extremely rewarding if you can avoid the promotional hype and focus in on small-cap companies that actually deliver real results, to real customers.

Innolog is one of those companies.

Yes, they are an AGORACOM client so assume I am horribly conflicted … and take a look at the facts below for yourself … real products, real customers (US DoD) and real annual revenues ($5,000,000 +).  The fact that insiders hold > 70% of the shares tells you everything you need to know about their commitment.

Have a look.

Regards,

George


AGORACOM WIRE – DECEMBER 20TH 2012

BREAKING … Innolog (INHC) … Awarded Another Defence Contract … Adds To Long List of US Department of Defence Contracts ….

Innolog Announces New Subcontract Award

  • Announced that its wholly owned subsidiary, Innovative Logistics Techniques, Inc. received a subcontract award from PD Systems, Inc. to support the U.S. Department of Army
  • Contract is up to two years and will be based out of Chambersburg, PA at the Letterkenny Army Depot.
  • INNOLOG will provide support for labor, management, logistical and technical support services to augment the LEAD civilian and military workforce in recap and reset operations on military armored vehicles and military power generators.

CLIENTS & HIGHLIGHTS

  • US Army
  • US Navy
  • US Air Force
  • Lockheed Martin
  • 2012 Revenues (Year To Date) $4.06 Million
  • 2012 Revenues (Estimated) $5.2 Million
  • 2011 Revenues (Actual) $4.7 Million

60-Second Profile / Corporate Website / Hub on AGORACOM

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