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Berkwood Commences 2012 Fieldwork at Lac Gueret East Graphite Property in Quebec

Posted by AGORACOM-JC at 9:58 AM on Friday, September 28th, 2012

VANCOUVER, British Columbia, Sept. 27, 2012 – Berkwood Resources Ltd. (TSX-V: BKR; OTC-PINK: CZSVF) ( “Berkwood”) is pleased to announce that it has commenced field work on its Lac Gueret East Graphite Property, located approximately 290 km north of Baie-Comeau, Quebec.

The objective of the Phase 1 work program is to delineate prospective Graphite zones, beginning with an airborne electromagnetic survey, surface work follow up, and compilation of historic geological data. The work program will be performed by EarthMetrix of Mont-Laurier, QC.

The company intends to follow Phase 1 with a Phase 2 work program, consisting of stripping, trenching and sampling. The objective of Phases 1 and 2 is to generate targets for drill testing in a potential Phase 3 work program, as timing and funds permit. The results from the Phase 1 program will be released when received by the company.

This news release has been reviewed and approved by Alain Moreau, P. Geo., who supervised the preparation of the technical information in this news release. Alain Moreau is a Qualified Person as defined by National Instrument 43-101.

Lac Gueret East Graphite Property:

The Lac Gueret East Graphite Property (the “Property”) consists of 59 claims totalling 3186 Ha and borders the eastern boundary of Mason Graphite’s advanced Lac Gueret Property. A technical report by Tekhne Research on Mason Graphite’s Lac Gueret Property estimated a resource of 7.5 million tonnes grading 20.4% Graphite.

The Lac Gueret East Graphite Property has similar geological characteristics as that observed at Mason Graphite’s Lac Gueret Property located adjacent and to the west of the Lac Gueret East Graphite Property. The Lac Gueret East Property is situated in the Paleoproterozoic Gagnon Terrain which is considered a para-autochton unit fertile for graphite in the Grenville Province of Quebec and includes biotite/garnet/sillimanite/graphite paragneisses, dolomitic marbles and intrusive rocks. Graphite in the area is present in marbles and in contact with or within paragneisses and ranges from 3% to 40% Cg (Carbon Graphite) exhibiting flakes up to 5 mm in diameter. Large flake graphite is generally considered from 0.2 mm or more in size. The Lac Gueret East Graphite Property is within three hours of Baie-Comeau by road and is easily accessible via numerous tertiary and forest roads.  Property maps and details are available on the Berkwood website, please click here.

Investors are cautioned that the graphite mineralization in the adjacent property is not an indication that similar mineralization will be found in the Lac Gueret East Graphite Property, which is still in an early stage of exploration.

About Berkwood Resources:

Berkwood holds a 100% interest in the Prospect Valley Gold Property near Merritt, BC.  To date, several areas of gold mineralization have been identified on the 10,871 Ha property.  The majority of historic drilling has taken place in the centre of the claim block along the Discovery Trend.  To date this drilling has outlined an extensive low grade epithermal gold system with indications of potential for additional and higher grade mineralization (see Berkwood news release dated January 25, 2012 for details). The zones remain open for expansion and other known zones of gold mineralization have yet to be drilled.

If you are not currently on the Berkwood Resources news and updates list, you can opt-in via the Berkwood website by clicking here. News Releases and exploration updates are emailed to list members who wish to keep up to date with Berkwood Resources and our projects.

On Behalf of Berkwood Resources

“Brian Buchanan”

Brian Buchanan, President and Director

For additional information please contact:

Karim Sayani, Corporate Communications
Tel: (604) 662-7455 E-mail: [email protected]

Tom Steer, Media Relations Manager
Tel: (604) 681-5556 E-mail: [email protected]

Forward Looking Statements
This Berkwood News Release may contain certain “forward-looking” statements and information relating to Berkwood that are based on the beliefs of Berkwood’s management as well as assumptions made by and information currently available to Berkwood’s management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitation, competitive factors, general economic conditions, relationships with strategic partners, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. Except as required by law, Berkwood does not assume the obligation to update any forward-looking statement.

Neither the 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 news release.

SOURCE Berkwood Resources Ltd.

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The Great Graphite Supply Shakeup: Simon Moores

Posted by AGORACOM-JC at 9:23 AM on Wednesday, September 26th, 2012

Investors who remember the lithium boom (and bust) a few years ago may be twice shy to enter a space with big upside potential tied to electric vehicles. But the parallels between graphite and lithium are superficial, insists Simon Moores, analyst with Industrial Minerals. Graphite, unlike lithium, supplies layers of demand, with reliable end-users in the steel industry. Meanwhile, China’s production lull is making way for market entrants. In this interview with The Critical Metals Report, Moores profiles graphite miners around the world competing for the market’s attention.

The Critical Metals Report: The graphite market is one commodity sector that is getting increased interest over the past year or two. What’s the best way to participate in this market?

Simon Moores: Because the graphite market is dominated by Chinese companies and private companies, juniors are really the only way to participate directly in this market. The non-Chinese major players, like TIMCAL Graphite & Carbon in Canada, are part of larger minerals companies. So when you invest in Imerys (NK:PA), which is the parent company, you’re not investing in an exclusively graphite-focused company. Graphite is only a tiny percentage of its business. Many of the other major non-Chinese companies in the market are private, such as Nacional de Grafite in Brazil, as well as a number of smaller private producers in Zimbabwe, Austria, Russia and Norway. Ultimately, your most direct option is to go for the juniors.

TCMR: Who are the main graphite consumers?

SM: Graphite’s current demand is mainly driven by industrial uses, metal production being the most important. Steel is the main driver of the graphite market on two fronts. First is in refractories, which is the biggest end use. Refractories are used to line huge steel kilns and as protective linings in bricks. Graphite is also used as an additive, in what is called a “recarburizer.” Steel demand has historically driven the graphite market, accounting for approximately 39% of the market.

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Bigger flakes, higher prices — Paul Gill talks about Lomiko’s Quebec graphite projects

Posted by AGORACOM-JC at 9:01 AM on Tuesday, September 25th, 2012

By Kevin Michael Grace

Lomiko Metals Inc (V.LMR) announced September 20 that has completed its summer drill program on its Quatre Milles East Flake Graphite Property in Quebec. Twenty-three holes totaling 1,600 metres were drilled, and the presence of large-flake graphite was identified in multiple holes.

The drilling replicated previous exploration on the property by Graphicor Resources Inc in 1992. Although Lomiko holds the data derived from these historic drill results, the drillcores are not available to compile a NI 43-101 resource estimate.

Quatre Milles East consists of 1,600 hectares located 175 kilometres northwest of Montreal. In May, Lomiko optioned the Quatre Milles West Property, 2,180 hectares adjacent to Quatre Milles East. In addition to these graphite properties, Lomiko owns the Vines Lake gold property in the Liard Mining District of northwest British Columbia and the Salar de Aguas Caliente Lithium Brine Property in Chile.

 

Lomiko President/CEO Paul Gill spoke to Kevin Michael Grace September 18.

RW: What pleases you most about your drill campaign?

PG: We were able to drill into an area which has previously been drilled and has grades and intercepts similar to a proven mine in the area [Timcal Canada’s Lac-des-Îles Mine]. The intercepts are near surface and amenable to an open pit, and the location is amenable to a mining operation.

RW: When will your drill results be released?

PG: We anticipate results in the middle of October.

RW: What’s your next step after that?

PG: We need to finance Phase 2 and confirm that it’s the correct step to take because it’s contingent upon results. Phase 2 will be another 50 holes. These will bring definition to the target area and probably come up with a resource. Usually, juniors have a discovery phase. We didn’t have to go through that. Next is the resource stage, and I think that’s when the next value jump happens. Well, there is going to be one now when people recognize that we will be confirming some of the historic results on Quatre Milles.

RW: You said in May that you were looking toward developing a resource estimate by December.

PG: We’d like to stay on that course. But we’d have to get funding and do another round of drilling in November for that to happen. If there will be a significant move in the market, we could have warrants exercised or we would put financing together. We would then have approximately a $1 million to $1.5 million.

RW: How much cash do you have now?

PG: About $550,000.

RW: What is your current burn rate?[pullquote] “We feel that we’re among the top six or seven graphite companies that will be able to add value through exploration”—Paul Gill[/pullquote]

PG: There is $307,000 that’s going towards the Quatre Milles Phase 1 and another $100,000 for Vines Lake. Those are all-in expenses. Our only other expenditures are administrative, and that’s about $20,000 a month.

RW: What’s the significance of finding large-flake graphite at Quatre Milles?

PG: Something that’s been confirmed with Northern Graphite (V.NGC) is that the flake size is more desirable if it’s larger simply because you can make different elements with it. Electric-vehicle manufacturers are looking for a spherical-granular structure for the graphite they use in their batteries. The greater the size of the flake, the higher the price.

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The next biggest issue is recovery. The type of host rock that’s here, part of the reason we took it is because the metallurgist, Michel Robert, actually staked this land. The type of marble in this area allows for the graphite flakes to pop out easily, and the recovery rate is quite high, so your strip ratio goes down.

RW: Assuming you have the resource, how would you compare the difficulty and expense of bringing a graphite project to production compared to a gold, silver or copper mine?

PG: There is an issue around the expertise in this field. You have to have specific expertise mining this particular product. For gold, silver or copper projects, it’s a very straightforward situation, and there are many geologists and mining engineers familiar with the situation. What’s key to graphite is you need a mining engineer and metallurgist and a geologist and chemist that will be on site and can advice how to make the project the best possible project. And in regards to actually introducing the project to the financiers that’s another challenge because the end users of the product are relying on and have relationships with about a maximum of 20 different companies that market different variations of graphite. We’ve had contact with several different groups among those 20. So we’re encouraged by that, and we’re in the right location with the right product.

RW: About six months ago, there was a tremendous amount of excitement about graphite stocks. Prices increased tremendously, and then was a big falloff. Why did this happen?

PG: I think the falloff followed the price of graphite itself. The price of graphite peaked in the spring of 2012 and so did graphite stocks. Every market has to correct. You’ve seen graphite move up from $500 a tonne to $2,000 per tonne, and it’s settling in now at this level. I think the next big increase will be when the applications and products now being patented get to the development stage.

It’s actually a healthy correction and a fortuitous one for those of us that already received financing because we’re way ahead of the game. There are many projects that were announced but didn’t receive financing and couldn’t proceed. We feel that we’re among the top six or seven graphite companies that will be able to add value through exploration

Read more articles like this at resourceswire.com

All information on this website is: (a) for informational purposes only; (b) not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, investment advice or sponsorship of any entity or security; and (c) not necessarily reflective of the views or policy of the Financial Post. Prior to making any investment decision, it is strongly recommended that you seek advice from a qualified investment advisor. The Financial Post does not provide or guarantee any financial, legal, tax or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security or information source, especially as it relates to mining companies. For further details, please see Section 22 of

Source: http://business.financialpost.com/2012/09/24/bigger-flakes-higher-prices-paul-gill-talks-about-lomikos-quebec-graphite-projects/

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How the humble pencil could write the future of energy

Posted by AGORACOM-JC at 9:11 AM on Monday, September 24th, 2012

Asked to name the raw ingredients for the next technological revolution, chances are you wouldn’t pick pencil-lead and water.

Yet according to new research, simply mixing graphite with water and baking the result may be enough to create an effect with legendary status in science: room-temperature superconductivity.

If confirmed, the claim could transform the energy sector, making power generation and distribution far more efficient, and slashing demand for fossil fuels, including oil.

That’s because superconductivity is exactly what it says: the bizarre property of certain compounds, under certain conditions, to become perfect conductors of electricity.

First discovered a century ago, superconductivity has largely failed to live up to its huge promise of transforming electricity use and boosting energy efficiency, because it usually appears only in materials chilled to within a few degrees of absolute zero, the ultimate low temperature of minus 273C.

Attaining and maintaining such temperatures is neither cheap nor easy, and has so far kept superconductivity out of mainstream use.

There was huge excitement in the mid-1980s when scientists at the IBM laboratories in Zurich found the first evidence for so-called High Temperature Superconductivity (HTS) in a ceramic material.

The name is somewhat misleading, though: it still needed to be cooled to around minus 250C, with expensive and dangerous liquid helium.

Since then, researchers have created materials that become superconducting at temperatures above minus 135C – still pretty extreme, but at least attainable with less expensive liquid nitrogen.

But the dream has always been to find a material that displays this amazing ability at room temperature.

Now a team led by Pablo Esquinazi at the University of Leipzig in Germany claims to have seen evidence of just this in a startlingly ho-hum combination of materials: graphite and water.

In the current issue of the journal Advanced Materials, they describe how they mixed 0.1g of ultra-pure graphite powder with a few teaspoonsful of distilled water, and persuaded the two to mix by stirring it for hours on end. The combination was then filtered, and the resulting powder baked overnight at 100C.

Tests on samples made using this recipe repeatedly revealed the existence of superconductivity at room temperature.

Prof Esquinazi and his colleagues stress that the effect is confined to just the surfaces of the tiny graphite grains, and disappeared if they tried to make pellets of the stuff.

Even so, the fact that it appears at all looks set to spark an international effort to replicate and understand the finding.

Other scientists certainly won’t dismiss it as ludicrous, as the quotidian nature of the ingredients is deceptive.

Graphite is now among the hottest research topics in material science. It’s made up of sheets of a honeycomb-like arrangement of carbon atoms known as graphene, which possess many unusual properties, while water is renowned for being one of the most peculiar liquids known.

Indeed, Prof Esquinazi and his colleagues were led to perform their experiments by previous studies suggesting the combination might throw up something unusual.

Even so, the appearance of an effect as spectacular as superconductivity is far from obvious. And explaining it is likely to be a major challenge, given that even 25 years after their discovery, there’s no accepted theory to explain HTS materials, and even the basic theory of superconductivity is less than perfect.

The key challenge is explaining how electrons that struggle to get through a material suddenly flow like a torrent when the same material is chilled below a certain temperature.

The answer is thought to lie in the pairing up of electrons in such materials, allowing them to slip through the crystal lattice more easily.

What brings about this pairing is a mystery – not least because the temperatures at which it takes place should keep the electrons apart.

Recent experiments on HTS materials suggest that wavelike distortions in the arrangement of atoms within them play some role in keeping the electrons together – as they do in conventional superconductors.

Some kind of magnetic effect also seems to be involved, providing extra “glue” between the electrons.

What researchers have been crying out for are radically new types of HTS materials on which to test their ideas. Now it seems their wish may have been granted.

Intriguingly, this isn’t the first hint that room temperature superconductivity might be possible. Over the years, tantalising glimpses of the phenomenon have been reported, only to vanish again.

In 1974, in the journal Nature, a researcher at Nicolas Copernicus University in Torun, Poland, claimed to have detected room-temperature superconductivity in a sandwich-like layer of aluminium plus carbon – the element at the centre of the latest claim.

Prof Esquinazi and his team think their findings may be a replication of this 40-year-old sighting. Only replications of their own claims will reveal the truth.

Even if it is confirmed, a lot of work will be needed to put it to practical use. The researchers estimate that the superconductivity appears only in about 0.1 per cent of the total mass of the powder.

Some way of bulking out the material will be needed if it is to be exploited in sizeable products such as cables and magnets.

It will also have to be made robust enough for mass production – a problem that long bedevilled other HTS. And there’s always the possibility that the superconductivity will vanish when exposed to typical working conditions.

Prof Esquinazi and his team have been scrupulous about not overselling their claim. Despite its implications, they declined to go public with it until it was published in a respected academic journal.

Even the title of their paper – “Can doping graphite trigger room temperature superconductivity?” – contains a judicious question-mark.

In this the team are following a distinguished tradition.

In 1905 a paper appeared entitled “Does the inertia of a body depend on its energy content?” Its author was Albert Einstein, and its subject was the derivation of the most important scientific formula of all time, E = Mc2.

If room temperature superconductivity can be made a practical reality, the consequences will hardly be less important.

Source: http://www.thenational.ae/news/uae-news/technology/how-the-humble-pencil-could-write-the-future-of-energy#full

 

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Shield Gold Announces Option to Acquire Lochaber Graphite Properties

Posted by AGORACOM-JC at 9:42 AM on Friday, September 21st, 2012

Toronto, Ontario–(September 20, 2012) – Shield Gold Inc. (TSX-V: SHG) (the “Company”) is pleased to announce that it has signed agreements, subject to regulatory acceptance, to acquire a 100% interest in two properties representing 30 mining claims in Lochaber Township in southwestern Québec. The properties being acquired are located in the Central Metasedimentary Belt of the Grenville geological province and are noted in historical reports as hosting occurrences of disseminated flake graphite.

The Agreements: Shield Gold has options (the “Options”) to earn a 100% interest in the additional claims by making the following payments and issuing the following numbers of common shares of the Company to the vendors: (i) $7,000 on or before the date of regulatory approval of the Options (the “Payment Date”); (ii) 630,000 shares within five (5) days of the regulatory approval of the Options; (iii) $27,000 and 430,000 shares on or before the 1st anniversary of the Payment Date; (iv) $43,000 and 430,000 shares on or before the 2nd anniversary of the Payment Date; and (v) $67,000 and 430,000 shares on or before the 3rd anniversary of the Payment Date. In addition, the Company agrees to incur a work commitment totaling $270,000 during the three-year term of the Options. The vendor will retain a 2% net royalty on each property, 1% of which may be purchased by the Company for $1,000,000.

Howard Sinclair-Jones, President and CEO of Shield Gold notes that: “We are pleased to have accumulated a very significant property position in the historic graphite-producing area of Buckingham and Lochaber townships. Our three properties now total 68 mining claims, representing 3,400 hectares, and are easily accessible within 15 km of each other. We have initiated our work program and will provide further details shortly via the Shield Gold website.”

About Shield Gold Inc.: Shield Gold is a junior exploration company whose mission is the discovery and development of high quality precious metal, base metal and mineral resources. The Company has entered into option and joint venture agreements with Eloro Resources Inc. on the Summit-Gaber property and with Virginia Mines Inc. on the La Grande Nord property. The contiguous properties are located in the La Grande Greenstone Belt in the James Bay region of Québec. The Company’s graphite exploration programs are located in the Buckingham and Lochaber Townships of southwestern Québec.

The content of this press release has been reviewed and approved by Mr. John M. Siriunas, P.Eng., a Qualified Person as defined by National Instrument 43-101.

For more information, please contact:

Howard Sinclair-Jones, President
Tel.: 416-654-1408 Email: [email protected]
Website: http://www.shieldgold.com

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

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Mistango Signs a Memorandum of Understanding

Posted by AGORACOM-JC at 4:02 PM on Thursday, September 20th, 2012

September 20, 2012 Kirkland Lake Ontario Mistango River Resources Inc. (MIS:CNSX) (GLRAF:OTC) (“MIS” or the “Company”) is pleased to announce it has signed a Memorandum of Understanding (MOU) with United Commodity AG (UC) of Thun of Switzerland regarding reprocessing of the tailings from the former Omega mine situated on the Company’s property located in Larder lake Ontario.

Details of the MOU are summarized below.

1. Mistango provides the feed and UC and /or UC-R makes the feed processing

2. If it makes economically sense, UC will install in 2012 on its own costs a Concentrator Facility on Mistango’s mining property with the purpose to concentrate the feeds before shipment to UC’S refinery. UC will extract all remaining heavy and noble metals +neutralize contaminated concentrates.

3. Mistango provides an exclusive feed recycling right to UC until the processing of the tailings is completed.

4. The two parties agree a profit (revenue minus processing costs) sharing.

5. UC is responsible for all permits and any new environmental liabilities that should occur because of UC’s tailings recycling operation.

Below you will find UC’s news release of September 17, 2012.

About Mistango

Mistango River Resources Inc. is a Canadian based exploration and development company holding several properties in Ontario and Quebec, including large land holdings in the Kirkland Lake region. Mistango specializes in precious metals and VMS hosted base metals, with recent projects centered on the Omega and Sackville properties in Ontario. Mistango brings a distinguished board and technical staff with expertise and many years in mineral exploration and mining fields. For additional information about Mistango and its mining properties, please visit Mistango’s website www.mistangoriverresources.ca.

This news release contains certain “forward-looking information”. All statements, other than statements of historical fact that address activities, events or developments that Mistango believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of Mistango based on information currently available to Mistango. Forward-looking statements are subject to a number of significant risks and uncertainties and other factors that may cause the actual results of Mistango to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Mistango. Factors that would cause actual results or events to differ materially from current expectations include, but are not limited to, Mistango’s decision to cancel its exploration program on its Omega gold property.

For further information please contact:

Mistango River Resources Inc.

Robert J. Kasner, President & CEODonald Kasner, Investor Relations

Telephone: 705-568-7540 Telephone: 705-570-1019

E-mail: [email protected] E-mail : [email protected]

Website: www.mistangoriverresources.ca

Reto Hartmann

United Commmodity AG

Baliz 64, 3600 Thun, Switzerland

[email protected]

www.united-comodity.com

Tailing Recycling Cooperation between Mistango River and United Commodity

09/17/12 – Kirkland Lake/Cobalt – Canadian Mining Company Mistango River Recources Inc. and Swiss Based United Commodity AG announced today that they plan to work together in an unified effort to advance tailing recycling. The announcement reflects the companies’ commitments to work together in environmentally responsible operations and responds to the increasing effort in economically and ecological tailing management.

Mistango will provide the tailing at its premises in Kirkland Lake together with an exclusive tailing recycling right to United Commodity and United Commodity is bringing in its unique United Commodity Tailing Recycling Process (UC-RPM(R)) at Mistango’s mining property.

Both parties agreed on a profit sharing (revenue minus processing costs) sharing model.

<< For Mistango we see the benefit to get a cash compensation of our so far called <<non assets tailings>>. The compensation is linked to the gold price, the grade and the processed feed quantity>>, said Robert J. Kasner, Chairman & Chief Executive Officer of Mistango.

Reto Hartmann, Chairman and CEO of United Commodity said << United Commodity will get all extracted noble metals out of its UC-RPM(R) with which we are able to process up to 150 tons of feed (ore, tailings, concentrate, slag etc.) per day at Mistango and we will have a first operation in an environment which could contribute to the environmental recovery of contaminated tailings.>>

Both parties further agreed on an option to establish a longterm partnership to develop other UC-RPM(R)applications in the mining industry of Canada.

About Mistango River Resources

MISTANGO RIVER RESOURCES Inc. is a Kirkland Lake based resources Exploration Company focussing on increasing shareholder value by exploring and development of precious metals and VMS hosted base metals with precious metals content. The company holds several properties in Ontario and Quebec and is presently focussing on the Omega and Sackville properties in Ontario The company has large land holdings in the Kirkland Lake area. Mistango has a very experienced board and technical staff.

About United Commodity

United Commodity is a swiss based company specialized in extracting gold and other valuable raw materials through innovative and sustainable recycling technologies. United Commodity recently aquired a 51 per cent stake in Yukon Refinery in North Cobalt, Ontario. United Commodity AG is listed at Frankfurt, Germany Stock Exchange. (ISIN: CH0032868199, Symbol: 3UI1).

Contact:

Reto Hartmann

United Commodity AG

Balliz 64, 3600 Thun, Switzerland

[email protected], www.united-commodity.com

Phone +41 (0) 44 533 10 30

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Amended: Lomiko Completes Drilling at Quatre Milles East Flake Graphite Property

Posted by AGORACOM-JC at 10:15 AM on Thursday, September 20th, 2012

LOMIKO METALS INC. (TSX-V:LMR, OTC:LMRMF, FSE:DH8B) (the Company) is pleased to report 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.

The purpose of the exploration campaign was to confirm historic drilling completed by previous operator Graphicor in 1992, which indicated significant intercepts of graphite. Lomiko did not have and does not have access to drill core from that period and was required under National Instrument 43-101 to re-drill some holes to verify results. Lomiko did have access to a report which included GPS locations of drill collars from the previous drilling which helped determine the location of a majority of the new drill holes.

Lomiko has begun the process of shipping drill core to the lab for testing. Even though initial information is encouraging, specific characteristics such as flake size, grade of graphite per tonne, recovery rates and calculation of intercept lengths will be vital in determining the ultimate success of the project.

The previous drilling by Graphicor at Quatre Milles East indicated a near-surface, road-accessible target which was intersected by multiple drill holes during historic, non-NI 43-101 compliant drilling. The available information has been complied into a NI 43-101 report which will be the template for describing a resource if the drilling program is successful. It is available at:

lomiko.com/properties/quatre.html

Graphite Facts

-Natural graphite comes in several forms: flake, vein, amorphous and lump.

-Southwestern Quebec is host to some of the most favorable geological terrain for graphite exploration in Canada and is known to host graphite resources, including the nearby Lac Des Iles Mine operated by Timcal.

-Graphite has many important new applications such as lithium-ion batteries, fuel cells, and nuclear and solar power that have the potential to create significant incremental demand growth.

-There is roughly 20-30 times more graphite by weight needed to produce a lithium-ion battery than there is lithium.

-Of the 1.2 million tonnes of graphite produced annually, approximately 40 per cent is of the most desirable flake type.

High-growth, high-value graphite applications require large-flake and high-purity graphite which is the prime exploration and development target at the Quatre Milles East Property.

Lomikos 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.

The property was originally staked and explored by Graphicor in the summer of 1989 based on the results of a regional helicopter-borne EM survey. The underlying geology consists of intercalated biotite gneiss, biotite feldspar gneiss, marble, quartzite and calc-silicate lithologies of the Central Metasedimentary Belt of the Grenville Province.

Historical Highlights

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. A table of results from the 43-101 indicates:

Click Here for Table

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.

Graphite Market

-The price for flake graphite is $ 2000-$3000 per tonne depending on flake size and grade.

-Graphite prices have been increasing in recent months and over the last couple of years prices for large flake, high purity graphite (+80 mesh, 94-97%C) have more than doubled.

-Graphite prices have almost tripled since 2005 due to the ongoing industrialization of China, India and other emerging economies and resultant strong demand from traditional steel and automotive markets.

-Demand for graphite is expected to rise as electric vehicles and lithium battery technology are adopted, nuclear reactors are built in China, and if fuel cells and graphene patents become products.

-China, which produces about 70 per cent of the world’s graphite, is seeing production and export growth leveling, and export taxes and a licensing system have been instituted.

-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).

Jean-Sebastien Lavalle (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 lomiko.com, contact

A. Paul Gill at 604-729-5312 or email: [email protected]
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.

Source: http://www.financialpost.com/news/mining/releases/detail.html?id=6664

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Energizer Resources Provides Progress Report on NI 43-101 Molo Deposit Delineation

Posted by AGORACOM-JC at 9:46 AM on Wednesday, September 19th, 2012

TORONTO, ONTARIO–( Sept. 19, 2012) – Energizer Resources Inc. (TSX:EGZ)(OTCBB:ENZR)(FRANKFURT:YE5) (“Energizer” or the “Company”) is pleased to announce it has received additional assays from its National Instrument (NI) 43-101 graphite resource drill program on the Molo deposit. The results continue to outline the targeted deposit size and boundaries, as well as the grade of the Molo deposit.

The Molo deposit is located in the Green Giant Graphite project, and is part of the joint venture (JV) property with Malagasy Minerals Limited in Madagascar. Energizer has a 75% ownership interest and is the operator of the project.

Drill and Trench Intersections Support Large Footprint of Molo

The Company has received assay results from an additional 9 diamond drill holes and 1 trench. Energizer has now received a combined total of 24 (of 47) drill holes, and 10 (of 19) trenches completed over the Molo deposit. This dataset continues to confirm that the Molo deposit has a very large footprint.

The company has focused its resource delineation program on the Molo deposit. The deposit’s description and shape consists of a 2 km strike length with a south plunging antiformal fold. In the north, the graphite mineralization is between 50-100 metres in width. The deposit then flares to over 500 metres in width as you move south, after which the graphite deposit width tapers to approximately 250-350 metres before splitting into two ‘arms’. The widths of these arms range in size between 50 and 100 metre widths respectively. The deposit is open at depth, and along strike.

Drill and trench data received to date, as well as mapping, prospecting and geophysical surveying, confirms graphite mineralization at surface, and over an area of at least 250,000 m2. The depth of mineralization that has been confirmed by drilling is in excess of 300 metres. With these results, the Company continues to move forward outlining a potential deposit size of 80-120 million tonnes. As well, the assays have outlined a grade average of between 5 and 8% carbon. The Company has now reported just over 50% of its drill holes, and will continue to report assay results as it receives them from the lab.

Cautionary Statement – The potential quantity and grade of the Molo deposit is conceptual in nature and there has been insufficient assay data received at this time to properly define a mineral resource in accordance with NI 43-101 requirements. Although the Company sees no reason why a compliant mineral resource could not be defined, there is no guarantee that further exploration will result in the Molo being defined as a mineral resource. The potential quantity and grade of the Molo is being determined through the progression of exploration and the assays received. To date, the company’s exploration activities include airborne geophysical surveys, ground geophysics, mapping, drilling and trenching. The deposit target range is based on drilling and trenching results obtained to date.

Mine Site Design and Logistical Planning Underway

The recently completed drill program will provide the necessary data to complete a National Instrument (NI) 43-101 graphite resource, which will be part of the Preliminary Economic Assessment Report (PEA) due in Q4 of this year.

DRA Mineral Projects, Africa’s largest mine engineering, construction and operations firm, is authoring the PEA study, which will include a mine site layout. This layout will include a model flowchart for the graphite in three separate phases: phase 1) graphite production through simple crushing, phase 2) graphite through flotation, and phase 3) graphite purification targeting the electric vehicle (EV) battery market and electric power storage markets. It should be noted that the Molo deposit has a unique feature in that that Jumbo flake (i.e. +50 mesh) graphite at an average purity of 93% C can be easily liberated through simple crushing of the Molo deposit graphite.

As part of the PEA study, DRA has authored a preliminary mine design with a capacity of 150,000 tonnes per year graphite production. The mine will be constructed in 50,000 tonne modules. This will allow for the production at the Molo deposit to be scalable and which can be ‘ramped’ up when the project off-take demands manifest themselves in the marketplace.

Logistics and product management is a key component in a mine operation, and to this end, Energizer has engaged the Panalpina Group, one of the world’s leading intercontinental air and ocean freight supply chain and logistics companies to design and manage this phase of the operation. Panalpina has stated that existing infrastructure in southern Madagascar will allow for immediate production at the Molo. Working closely with DRA, Panalpina is currently outlining a logistical solution for Energizer that will enable graphite produced at the Molo to be transported in a cost effective manner from ‘pit to port to customer’.

Assay Results

The drill hole and trenches were designed to delineate the extent of the Molo deposit. The latest assay results received are from the southern and northern sections of the deposit respectively. Specifically, drill holes MOLO-12-10 through MOLO-12-15 were emplaced on the southern edge of the deposit where the Molo bifurcates into 2 arms. Drill holes MOLO-12-17, 18 and 20 were emplaced to test the width of the mineralization in the ‘arm’ that extends north of the Molo ‘central’. Trench MOLO-TH-12-09 was emplaced on the southern end of the Molo, where the deposit splits into 2 arms.

The table below summarizes the drill and trench intersections. An assay table summarizing all results is also provided on the Company’s website.

Drill Hole From (m) To (m) Length (m) C%
MOLO-12-10 71 278 207 6.55
MOLO-12-11 0.64 97.45 96.81 6.90
MOLO-12-11 129.3 221 91.7 5.68
MOLO-12-12 0.5 24.5 24 5.18
MOLO-12-12 80 137 57 6.56
MOLO-12-13 0.77 69.5 68.73 6.30
MOLO-12-14 35.09 128 92.91 5.44
MOLO-12-14 166 250 84 5.43
MOLO-12-15 0.87 159 158.13 5.10
MOLO-12-17 96 170 74 6.49
MOLO-12-18 7.5 118.5 111 6.39
MOLO-12-20 58.2 188.5 130.3 7.08
Trench From (m) To (m) Length (m) C%
MOLO-TH-12-09 22 130 108 6.02
MOLO-TH-12-09 166 220 54 8.79

Additional Graphite Available for Targeting Beyond the Molo Deposit

The Company realizes that off-take will be the key driver for the development and size of the Green Giant project. It continues to analyze the off-take opportunities for Electric Vehicles, fuel cells, battery storage, and pebble bed nuclear reactors. The Green Giant project offers a significant incremental exploration opportunity if the off-take demand for the above graphite usage manifests itself.

Immediately to the east, and attached to the Molo deposit is a graphite-bearing synformal fold of similar dimensions to the Molo deposit (which is an antiformal fold). This eastern synformal fold (“Molo East”) will not be part of the Company’s upcoming NI 43-101 resource statement as it was not drill tested. Through the use of both ground and airborne geophysics, geologic mapping and prospecting however, the Company believes that additional graphite mineralization would be easily obtainable at Molo East.

A satellite image of the Molo East target in relation to the Molo deposit footprint, as well as a block model of assay data received to date can be viewed on the Company’s website at www.energizerresources.com.

To view the images associated with this release, please visit the following link: http://media3.marketwire.com/docs/819900.pdf.

Energizer Appoints New President, & Chief Operating Officer and a New Chief Financial Officer

Energizer Resources is very pleased to announce the appointment of Craig Scherba, PGeo. to the role of President and Chief Operating Officer and Peter Liabotis, CA to the role of Chief Financial Officer.

In making these appointments, Kirk McKinnon, Chairman and CEO of Energizer stated, “Craig Scherba has progressively demonstrated his skillset and ability to manage the operational activities of Energizer as it moves from the exploration stage to mine development stage. Craig has steadily progressed from Vice President Exploration, to Senior Vice President of Exploration and Operations for Madagascar. The company wishes to recognize Craig’s exploration efforts in the discovery of the Molo project and its development. His intimate knowledge of the Green Giant project and his developed relationships within Madagascar, especially at the highest government levels, will provide an essential understanding as he leads the development of the Green Giant Project in Madagascar”.

“Peter Liabotis has been with the company for 3 years. During this time Peter has continuously demonstrated a strong understanding of the finance and operational side of the business. Peter’s responsibilities within the company have steadily increased and will continue to do so as we develop our Madagascar graphite project and operations.”

Richard Schler commented, “Given the magnitude of the opportunity the Molo graphite project presents us, I have stepped down from my role as VP & CFO and I will be focusing my attention primarily on the Molo mine development. I personally believe that the move towards green energy will drive electric vehicle and battery storage demand and that the tipping point is just around the corner. I will continue to sit on the Board of Directors and act in the capacity of Executive Vice-President, Operations. I am pleased that Mr Scherba and Mr Liabotis have accepted their respective roles and am confident that they will serve the shareholders well. The Molo graphite project is very promising and I believe it will provide significant shareholder value as it moves forward into production”.

Qualified Person

Craig Scherba, P.Geo., is the qualified person for the technical information provided in this release.

For more information, please visit our website at www.energizerresources.com.

We seek Safe Harbour: This press release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.

Contact Information

 

Energizer Resources Inc.
Brent Nykoliation
Vice President of Business Development
Toll Free: 800.818.5442 or 416.364.4911
[email protected]

Energizer Resources Inc.
Craig Scherba
President and COO
Toll Free: 800.818.5442 or 416.364.4911
www.energizerresources.com

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Donner Metals Ltd.: Mcleod Zone Extended Up-Dip: Exploration Drilling Intersects 2.83% Copper, 13.09 g/t Silver and 0.13 g/t Gold Over 19.35 Metres

Posted by AGORACOM-JC at 9:20 AM on Wednesday, September 19th, 2012

VANCOUVER, BRITISH COLUMBIA–(Sept. 19, 2012) – Mr. Harvey Keats, Chief Executive Officer of Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M) reports on exploration results for drilling conducted in the vicinity of the Bracemac-McLeod Deposit and within the 4,737 square kilometre Matagami Project as reported to the Company by partner and project operator Xstrata Canada Corporation-Xstrata Zinc Canada Division (“Xstrata Zinc”). Renewed exploration diamond drilling up-dip from the McLeod Zone has discovered new copper mineralization within a laterally extensive chlorite alteration zone, including 2.83% copper over 19.35 metres intersected in hole MCL-12-16, drilled 45 metres up-dip from previous drilling on the McLeod Zone. Two drills are currently active on the project.

Results from each area are described below and assay results are listed in the attached Table 1. To view Table 1 and a longitudinal cross section, please visit the following link: http://media3.marketwire.com/docs/don919ei.pdf.

McLeod Up-Dip

A broad zone of mineralized chlorite alteration (“Pipe” alteration) with copper-bearing massive and semi-massive sulphides was intersected up-dip from current Mineral Reserves in the McLeod Zone. Eleven diamond drill holes were targeted on the Key Tuffite horizon at an average spacing of approximately 50 metres and covering an area measuring approximately 200 by 200 metres along the up-dip trend of the McLeod alteration system (Figure 1). This system is now known to extend over 1.4 kilometres in length and 400 metres in width. It hosts Proven and Probable Mineral Reserves in the McLeod Zone, Indicated Mineral Resources in the Copper Stringer Zone and Inferred Mineral Resources in both the McLeod Deep and West McLeod zones. Mineralization reported below is new and extends the known mineralization within the up-dip portion of this trend. Significant exploration potential remains to be investigated in the McLeod alteration system and adjacent to its known sulfide deposits.

Diamond drill holes MCL-12-15 and MCL-12-16 intersected sulphide mineralization at the Key Tuffite horizon over appreciable drilled widths along the southeastern margin of the McLeod alteration trend. MCL-12-15 returned 0.16% zinc, 2.06% copper, 7.00 g/t silver and 0.07 g/t gold over 4.00 metres. MCL-12-16, located 47 metres down- dip from MCL-12-15 and 45 metres up-dip from previous McLeod Zone drilling, intersected 0.14% zinc, 2.83% copper, 13.09 g/t silver and 0.13 g/t gold over 19.35 metres. MCL-12-14 was drilled a further 62 metres up-dip from MCL-12-15 and returned stringer mineralization in the hanging wall to the Key Tuffite. Drill hole MCL-12-18, drilled 33 metres southwest and down-dip from MCL-12-16, intersected weak chalcopyrite stringers intermittently over 11.6 metres in the immediate footwall to the Key Tuffite. Mineralization encountered in holes MCL-12-15 and MCL-12-16 remains to be investigated to the southeast.

In the Key Tuffite horizon immediately northwest of the intersections listed above, diamond drill holes MCL-12-08, MCL-12-09, and MCL-12-11 intersected significant copper values over narrow widths, while drill hole MCL-12-12 intersected 0.50% zinc, 2.13% copper, 7.19 g/t silver and 0.17 g/t gold over 7.00 metres. Drill hole MCL-12-09 also intersected a mineralized sequence within the Pipe alteration in the hanging wall above the Key Tuffite. Drill holes MCL-12-13 and MCL-12-14 intersected minor amounts of sulphide mineralization within Pipe alteration zones. Hole MCL-12-17 was drilled laterally across the alteration trend specifically to test a vertically-dipping, north-south trending structure. It intersected a felsic dyke at the Key Tuffite horizon.

Bracemac: Underground Exploration

Three exploration drill holes were completed from underground development that accesses the Bracemac Main Zone. The program was designed to test the Key Tuffite horizon in the vicinity of historical drill hole DDH-33EXT, which intersected well-mineralized Key Tuffite over 3 metres, including massive sulphides that graded 38.09% zinc over 0.15 metres. The location of this intersection is 350 metres northwest of the Bracemac KT Zone in an area where drill spacing is on the order of 100 to 360 metres. Drill hole UBRC-048 and UBRC-048A intersected the Key Tuffite 120 metres southeast of DDH-33EXT where they encountered sulphide mineralization and chlorite alteration at the Key Tuffite. UBRC-048 intersected massive, semi-massive and stringer sulphides (pyrite and lesser sphalerite) from 195.70 to 198.60 metres and similar stringer and laminated sulphides from 207.00 to 213.70 metres. Chlorite alteration with both disseminated and stringer sphalerite occurred in both the hanging wall and footwall to these intervals. UBRC-048A was drilled 6 metres southeast of UBRC-048 and intersected the Key Tuffite, containing stringer and laminated pyrite and sphalerite, from 194.5 to 202.8 metres. Rocks in the footwall to this interval exhibited well-developed chlorite alteration and disseminated sphalerite. Drill hole UBRC-049 intersected disseminated sphalerite mineralization over 0.3 metres. This intersection is located 20 metres northeast of DDH- 33EXT at the Key Tuffite. There is remaining exploration potential in the vicinity of the Bracemac zones at both the Key Tuffite and the Bracemac stratigraphic levels.

Galinée 14 Area

Two diamond drill holes were completed at the Galin̩e 14 Prospect located 6.5 kilometres southeast of the Bracemac-McLeod mine. Both holes intersected significant widths of Pipe alteration within the Key Tuffite РWatson Lake sequence with one hole returning the first appreciable sign of sulphide mineralization. Drill hole GAL14-12-10 returned 1.00% zinc, 0.15% copper, 0.66 g/t silver and 0.01 g/t gold over 7.50 metres within the alteration package. Drill hole GAL14-12-11 intersected unmineralized Pipe alteration. The Galin̩e 14 alteration system is one of the largest areas of continuous Pipe alteration in the Matagami Camp and it remains open for further investigation.

Rivière Allard

One drill hole was completed in the Rivière Allard area in the Central Camp Joint Venture area approximately 11 kilometres from the Matagami Lake Mill. Drill hole RA-12-11 intersected mineralized intermediate intrusions within a mineralized andesite pyroclastic unit at the target horizon. Mineralization consists of disseminated and stringer pyrite, pyrrhotite, magnetite, sphalerite and chalcopyrite.

PD2 Area

Two diamond drill holes were completed on the PD2 property in the West Camp JV area. These holes are located 17.5 kilometres west of the Matagami Lake Mill. Drill hole PD2-12-38 intersected granodiorite intruded into a sequence of andesite volcanic rocks. Drill hole PD2-12-39 intersected a rhyolite sequence intruded by felsic and intermediate rocks 1.6 kilometres to the southeast of PD2-12-38. The occurrence of felsic rocks in this area was previously unknown and provides a package of new stratigraphy worth further investigation.

CAV Area

One drill hole was completed as a stratigraphic test in the southern part of the West Camp JV area, 15 kilometres southwest of the Matagami Lake Mill. This drill hole intersected magnetic gabbroic anorthosite typical of the Bell River Complex.

SUPPLEMENTARY INFORMATION

The Bracemac-McLeod deposit contains Proven and Probable Mineral Reserves of 3.7 million tonnes grading 9.60% zinc, 1.26% copper, 28.25 g/t silver and 0.43 g/t gold. Inferred Mineral Resources of 2.6 million tonnes grading 8.79% zinc, 1.31% copper, 38.84 g/t silver and 1.06 g/t gold are located in proximity to the Mineral Reserves. The Company is a fully vested partner with Xstrata Canada Corporation in the extensive Matagami base metal camp located in the Abitibi region of Québec. This joint venture partnership covers six joint venture areas (“the Matagami Project”) governing 4,737 square kilometres of prime stratigraphy, which has yielded high-grade base metal production since 1963. Xstrata Zinc is the project operator for the Matagami Project, including the Bracemac-McLeod Mine. Additional information is available at www.donnermetals.com.

Xstrata Zinc is the project operator for the Matagami Project and all of the respective joint ventures. As operator, Xstrata Zinc is responsible for the execution of all development, production and exploration programs on the property. This includes resource evaluation, sampling, submittal of samples for assay, assay verification, metallurgical evaluation and QA/QC. Sample preparation and assaying are conducted by ALS Chemex-Chimitec, of Val-d’Or, Québec (zinc, copper and silver by atomic absorption, and gold by standard fire assay procedures).

Robin Adair (VP of Exploration) is a Qualified Person for Donner Metals Ltd. and is responsible for the technical information reported in this news release.

ON BEHALF OF THE BOARD OF DONNER METALS LTD

Harvey Keats, Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT:

Andrea Magee
Donner Metals Ltd.
(604) 683-0564 or Toll Free: 1-800-909-8311
(604) 602-9311 (FAX)
[email protected]
www.donnermetals.com

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Lomiko Intercepts Large Flake Graphite During Drilling at Quatre Milles East Property in Quebec

Posted by AGORACOM-JC at 9:03 AM on Monday, September 17th, 2012

Vancouver BC – LOMIKO METALS INC. (TSX-V:LMR, OTC: LMRMF, FSE: DH8B) (the “Company”) is pleased to report visible identification of large flake graphite in multiple holes at the Quatre Milles Flake Graphite Property in Quebec.

The previous drilling by Graphicor at Quatre Milles East indicated a near-surface, road-accessible target which was intersected by multiple drill holes during historic, non-43-101 drilling. The available information has been complied into a NI 43-101 which will be the template for describing a resource if the drilling program is successful.  It is available at:

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

Graphite Facts

-Natural graphite comes in several forms: flake, vein, amorphous and lump.

-Southwestern Quebec is host to some of the most favorable geological terrain for graphite exploration in Canada and is known to host graphite resources, including the nearby Lac Des Iles mine operated by Timcal.

-Graphite has many important new applications such as lithium-ion batteries, fuel cells, and nuclear and solar power that have the potential to create significant incremental demand growth.

-There is roughly 20-30 times more graphite by weight needed to produce a lithium-ion battery than there is lithium.

-Of the 1.2 million tonnes of graphite produced annually, approximately 40 per cent is of the most desirable flake type.

High-growth, high-value graphite applications require large-flake and high-purity graphite which is the prime exploration and development target at the Quatre Milles Property.

Lomiko’s 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.

The property was originally staked and explored by Graphicor Resources Inc. (“Graphicor”) in the summer of 1989 based on the results of a regional helicopter-borne EM survey. The underlying geology consists of intercalated biotite gneiss, biotite feldspar gneiss, marble, quartzite and calc-silicate lithologies of the Central Metasedimentary Belt of the Grenville Province.

Historical Highlights

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. A table of results from the 43-101 indicates:

 ------------------------------------------
 |HOLE NO.|FROM(M)|TO(M)|WIDTH (M)|GRADE  |
 |        |       |     |         |(% CGP)|
 |----------------------------------------|
 |Q90-1   |8.94   |10.46|1.52     |7.33   |
 |----------------------------------------|
 |Q90-2   |28.68  |30.13|1.45     |10.38  |
 |----------------------------------------|
 |Q90-3   |16.23  |17.84|1.61     |4.09   |
 |----------------------------------------|
 |Q90-4   |9.4    |14.1 |4.7      |3.95   |
 |----------------------------------------|
 |Q90-5   |2      |3.90 |1.90     |2.07   |
 |----------------------------------------|
 |Q90-5   |22.13  |23.25|1.12     |10.52  |
 |----------------------------------------|
 |Q90-6   |32.54  |41.19|8.65     |8.07   |
 |----------------------------------------|
 |Q90-6   |43.47  |44.05|0.98     |3.87   |
 |----------------------------------------|
 |Q90-7   |3.94   |32.54|28.60    |8.07   |
 |----------------------------------------|
 |Q90-8   |1.54   |2.16 |0.62     |14.89  |
 |----------------------------------------|
 |Q90-8   |5.23   |8.05 |2.82     |7.45   |
 |----------------------------------------|
 |Q90-9   |2.05   |3.10 |1.05     |8.47   |
 |----------------------------------------|
 |Q90-9   |5.76   |6.8  |1.04     |10.86  |
 |----------------------------------------|
 |Q90-10  |2.14   |5.54 |3.40     |8.02   |
 |----------------------------------------|
 |Q90-10  |7.03   |7.61 |0.58     |10.59  |
 |----------------------------------------|
 |Q90-10  |8.53   |9.03 |0.50     |15.48  |
 |----------------------------------------|
 |Q90-10  |9.27   |11.24|1.97     |12.37  |
 |----------------------------------------|
 |Q90-10  |14.16  |15.46|1.30     |4.26   |
 |----------------------------------------|
 |Q90-11  |26.82  |34.02|7.20     |4.63   |
 |----------------------------------------|
 |Q90-12  |0.94   |8.53 |7.59     |8.60   |
 |----------------------------------------|
 |Q90-12  |38.16  |43.61|5.45     |3.79   |
 |----------------------------------------|
 |Q90-13  |0.69   |10.28|9.59     |4.64   |
 |----------------------------------------|
 |Q90-13  |40.95  |43.14|2.19     |3.82   |
 |----------------------------------------|
 |Q90-14  |5.56   |7.22 |1.66     |8.12   |
 |----------------------------------------|
 |Q90-15  |2.21   |5.59 |3.38     |9.76   |
 |----------------------------------------|
 |Q90-16  |       |     |         |NSV    |
 |----------------------------------------|
 |Q90-17  |15.48  |18.63|3.15     |8.11   |
 |----------------------------------------|
 |Q90-17  |21.43  |23.67|2.24     |13.29  |
 |----------------------------------------|
 |Q90-17  |36.77  |47.97|11.20    |5.88   |
 |----------------------------------------|
 |Q90-17  |57.15  |58.21|1.06     |9.53   |
 |----------------------------------------|
 |Q90-17  |59.54  |69.82|10.28    |5.99   |
 |----------------------------------------|
 |Q90-18  |10.68  |12.90|2.22     |8.12   |
 |----------------------------------------|
 |Q90-19  |47.80  |49.25|1.45     |9.16   |
 |----------------------------------------|
 |Q90-19  |50.42  |58.49|8.07     |5.72   |
 |----------------------------------------|
 |Q90-20  |13.51  |16.98|3.47     |5.81   |
 |----------------------------------------|
 |Q90-21  |2.80   |4.98 |2.18     |5.56   |
 |----------------------------------------|
 |Q90-22  |17.37  |20.04|2.67     |2.58   |
 |----------------------------------------|
 |Q90-23  |       |     |         |NSV    |
 |----------------------------------------|
 |Q90-24  |1.78   |4.14 |2.36     |3.77   |
 |----------------------------------------|
 |Q90-24  |12.32  |13.09|0.77     |4.20   |
 |----------------------------------------|
 |Q90-24  |16.86  |18.66|1.80     |4.96   |
 |----------------------------------------|
 |Q90-25  |19.69  |21.24|1.55     |3.67   |
 |----------------------------------------|
 |Q90-25  |25.27  |26.65|1.38     |9.66   |
 |----------------------------------------|
 |Q90-26  |       |     |         |NSV    |
 ------------------------------------------

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.

Graphite Market

-The price for flake graphite is $ 2000-$3000 per tonne depending on flake size and grade.

-Graphite prices have been increasing in recent months and over the last couple of years prices for large flake, high purity graphite (+80 mesh, 94-97%C) have more than doubled.

-Graphite prices have almost tripled since 2005 due to the ongoing industrialization of China, India and other emerging economies and resultant strong demand from traditional steel and automotive markets.

-Demand for graphite is expected to rise as electric vehicles and lithium battery technology are adopted, nuclear reactors are built in China, and if fuel cells and graphene patents become products.

-China, which produces about 70 per cent of the world’s graphite, is seeing production and export growth leveling, and export taxes and a licensing system have been instituted.

-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).

Near-Term Strategy

Lomiko plans to mount an aggressive exploration campaign on the Quatre Milles Graphite Property commencing with a complete compilation of historic geologic work followed by surface mapping, prospecting and follow-up diamond drilling.

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, contact

A. Paul Gill at 604-729-5312 or email: [email protected]

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.

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