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Lomiko Metals Interviewed at Venture Capital Radio

Posted by AGORACOM-JC at 8:19 AM on Monday, April 30th, 2012

Lomiko Metals Interviewed at Venture Capital Radio


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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

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.

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 Claims are in an excellent location adjacent to a main paved highway.
  • – The Salar has significant surface brines known to contain Lithium, Sulfate and Potash
  • – The brines located on Lomiko claims were staked because of their excellent porosity and transmissivity *, which is required for economic extraction.
  • – The claims purchased surround a mining concession held by Sociedad Química y Minera de Chile S.A. (NYSE: SQM) at Lomiko’s Salar de Aguas Calientes.
  • – Producers such as SQM are searching for new sources of Lithium to meet or increase production requirements to meet current and anticipated market demand
  • – The claims are within 70 km of the SQM production facility located at Salar de Atacama.
  • – The potential for partnership exists with SQM, the leading producer in the region.
  • – The current market for Lithium Ion batteries is anticipated to grow 25% per year.
  • – The introduction of the electric car powered by Lithium Ion batteries will require new development of high grade Lithium Deposits to meet additional demand.
  • – The ‘Lithium Triangle’ located at the borders of Chile, Argentina and Bolivia contains 70% of the world’s economic Lithium deposits.
  • – Forbes Magazine referred to the region as the “Saudi Arabia of Lithium”.

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.

Lomiko Hub / Corporate Website

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Strike Graphite Executes on Plan to be Among First to Large-Flake Graphite Resource – Drills Turning at 25km-long Conductor

Posted by AGORACOM-JC at 4:00 PM on Friday, April 27th, 2012

Strike Graphite Corp. (TSX-V: SRK) (Pink Sheets: SRKZF) (Frankfurt: QSG) this week announced drill mobilization at its Simon Lake graphite property in Saskatchewan, Canada. SRK.V also announced the appointment of two experienced and highly accomplished graphite mining experts to its advisory board. These developments are consistent with the focus of SRK.V to be among first in the sector to establish a quality large-flake graphite resource. Strike Graphite has three projects of significance with plans to drill to resource this 2012 the top prospect evidencing grade, flake distribution, purity, and tonnage. The initial drilling at Simon Lake, which began this week, will total ~2,500 to 3,500 m within ten holes. The Simon Lake graphite property holds world-class potential with a 25 km long electromagnetic conductor indicative of graphite and historic drilling having intersected course grain graphite, showing large-flake with visual estimates of up to 70+% graphite.

Strike Graphite Corp. appears to present an exceptional risk-reward scenario; trading at ~36 cents per share (current market cap ~$14M) SRK.V is poised for significant near-term upward share price revaluation with numerous potential intrinsic value adding catalysts in the pipeline and a tight share structure (under 40M shares outstanding) that is apt to see the share price deservedly rise on bullish news. SRK.V is well funded to accomplish its goals having secured ~$3,000,000.00 in funding.

A full review of Strike Graphite Corp. is available at http://www.miningmarketwatch.net/srk.htm online.

With the projected demand growth for various emerging technologies reliant upon large-flake graphite (i.e. next-gen nuclear power, fuel cells, and lithium-ion batteries) responsible for experts projecting 1 – 2 million tonne supply deficit of large-flake graphite over the next decade (necessitating the opening of 100+ new 20,000 Tonnes Per Year mines) investors seeking exposure to the large-flake graphite sector would do well to consider the exceptional opportunity afforded shareholders of SRK.V as it advances three graphite projects, two in Saskatchewan and one in Quebec. Strike Graphite has plans to achieve substantial resource at both of its Saskatchewan properties near-term. Added comfort for investors seeking exposure to the large-flake graphite sector (NOT to be confused with regular amorphous graphite) can be taken in the knowledge that, unlike other supply-critical resources, there exists NO ability for the market to be dominated, over supplied, or held hostage by multinationals or any country. The fact is that if large-flake graphite demand meets the estimates industry experts are forecasting there will need to be several new mines opening every year and the industrial market will readily be in a position to absorb the new supply. Industrial users of large-flake graphite are now keenly interested in securing proprietary sources and thus it is the focused goal of Strike Graphite to achieve a substantial large-flake graphite resource within 2012.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure sections located at the above referenced URL.

Contact Information:
Brian Watkins, Associate Editor
Mining MarketWatch Journal
[email protected]

Source: http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=50767948&cp=off&webmasterId=101442

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Why Graphite is the High Tech Commodity of the Future

Posted by AGORACOM-JC at 8:45 AM on Friday, April 27th, 2012

by Dr. Alex Cowie on 27 April 2012

The high profile hedge fund manager, Jim Chanos, reckons Australia’s biggest money earner – iron ore – will fall from $140 per tonne to $100 per tonne.

To profit from this, his fund Kynikos – Greek for cynical – is short-selling Fortescue (ASX: FMG). Not that hedge funds are any sort of all-seeing oracles. Plenty of them get it wrong. Last year the average hedge fund lost 9%.

Although, looking at serious delays to the world’s new big iron ore projects, I reckon it’s hard to see iron ore prices falling that far. Where I agree with Chanos is that it’s hard to see iron ore prices rising much from here.

But forget iron ore for a minute.

 

This is a commodity that drove the last bull market and made Australian investors rich. But it won’t be the commodity that drives the NEXT bull market.

In fact, it’s getting harder for Aussie resource investors to find new areas of the market to make money from. Mainstream commodities are well known, and often the easy money has been made already.

The good news I want to bring to you is that there is a new generation of investing opportunities in the world of strategic minerals.

A New Story
The commodities story is changing. It’s still driven by the rise of the emerging markets, especially China and India. But Asia’s long-term future commodity demand isn’t just about skyscrapers and infrastructure.

It’s also about developing cleaner transportation, more efficient nuclear power, and new power sources. China’s economy is evolving. The whole growth story of the developing world is evolving. The mineral I want to tell you about today is playing a pivotal role in this evolutionary leap forward.

Welcome to the world of strategic mineral investing.

But you may be wondering, what do I mean by “strategic minerals”?

It’s simple. Strategic minerals usually face supply restrictions, and are integral to the national defense, aerospace or energy industries.

The commodity I’m talking about fits the bill as a ‘strategic mineral.’ Over 80% of supply comes from just one country. It is essential to the energy sector – in the form of batteries. And it’s not all about batteries either. It is also essential for modern nuclear reactors, fuel cells, and the evolution of electronics.

This is what I call a ‘high tech commodity’. It’s where you’ll find the commodity bull markets of the future.

Beyond Pencils
I’m talking about FLAKE GRAPHITE.

The word graphite may make you think of pencils. But the reality is very different!

With new technologies creating new levels of demand, and little flake graphite being available, this strategic mineral has a big future.

Graphite is a form of carbon with unique properties. It is like a diamond in two dimensions.

It’s important I make the point upfront that most of the world’s graphite is ‘amorphous’. This is used mostly for equipment in the steelmaking industry, and may as well be a different commodity to flake graphite.

Comparing amorphous graphite to flake graphite – is a bit like comparing thermal coal to coking coal.

The rarer, high-quality type of graphite to invest in is ‘FLAKE’ graphite.

Flake graphite production levels are just 400,000 tonnes a year. Analysts at Investment Bank, Canaccord, report that demand from lithium-ion battery manufacturers is increasing at 20% a year.

And you can see why. Uptake has been slow thus far, but the US still plans to put 250,000 electric cars on its roads each year by 2015. China wants to put a million electric cars on Chinese roads each year in the same period. With 50 kg of graphite going into the battery of each electric car, the market will need to find an extra 250,000 tonnes of flake graphite to keep up with this demand alone.

But it’s not just electric cars that have batteries…

The battery in your mobile phone contains graphite as well.

They may be much smaller than a car battery – but according to the International Telecommunication Union, out of a population of 7 billion people alive today there are 5.9 billion mobile phones in use around the world. That’s an incredible statistic. And by 2015, they reckon there will be MORE mobile phones in use than there are people on the planet.

In fact, any heavy-use electric gadget will have a graphite-filled battery. Electric cars mobile phones, your laptop computer, cordless drills, and electric toothbrushes….all these devices significantly increase the demand for flake graphite.

Based on this increased demand, the price of high quality flake graphite soared from US$1000 to $3000 a tonne in the last five years.

I’m convinced it has plenty more to run. Battery makers are not the only ones queuing up for flake graphite.

A new generation of nuclear reactors called ‘pebble-bed nuclear reactors’ use large amounts of flake graphite.

The reactors get their name from the pebble-sized spheres of graphite mixed with uranium they contain. This structure allows pebble bed reactors to produce power more efficiently – and safely – than conventional reactors. This technology means nuclear reactors can be smaller, and as easy to run as turning a switch.

Graphite demand from pebble bed reactors alone could be greater than current annual production by the end of this decade.

Electric batteries and pebble-bed nuclear reactors are two current technologies driving demand. In my view, these two applications alone are enough to justify a bullish long-term outlook. But “high tech” commodities are rapidly evolving. And more markets (with more demand for flake graphite) are already developing.

The Future of Graphite – Fuel Cells and ‘Graphene’
But the real future of graphite may lie in fuel cells.

According to the United States Geological Survey, fuel cells could create more demand for flake graphite than all other applications combined.

A fuel cell is like a large battery that produces power through chemical processes. You need to ‘refuel’ it from time to time. This fuel contains graphite.

This is not science-fiction. Fuel cells are already used to power phones, vehicles, and provide back-up power for buildings such as hospitals. Toyota plans full-scale commercial production of fuel cells within three years.

If fuel cells are the next source of demand for graphite, then graphene is the ‘blue sky’ for demand.

Graphene is a one-molecule-thick sheet of graphite.

The carbon molecules line up in hexagons. Close up it would look like chicken wire. It is stronger than diamond, is more elastic than silk, and conforms to any shape. It conducts electricity at the speed of light, and can transmit 1000 times the electric current than copper. This amazing material is quite new to science, and we are still working out its potential applications.


Click here to enlarge

IBM has already used graphene to produce the fastest computer chip in history. The US Air force and Navy are funding research to investigate its potential. Graphene chips may displace silicon chips in computers. If this happens, then graphite demand would go through the roof.

IBM are not the only ones researching it. Intel, the world’s biggest microchip manufacturer, is also investigating its potential uses, along with at least 200 other industrial companies.

Graphene production doesn’t generate any real graphite demand yet. This is still at the research and development stage. It’s worth mentioning here, because if scientists are even half-right, graphene could change the world we know it, and the price of graphite will soar.

Where’s the graphite going to come from?

The graphite price looks good to keep rising. Demand continues to rise, and there is very little flake graphite production coming on line.

The only new project of any size that could be in production soon is the Almenara graphite project run by Magnesita (unlisted) in Brazil. This could produce 40,000 tonnes of graphite a year, increasing global production by just 10%. Production is still at least a couple of years away.

With so little new production queued up, and new projects taking around five years to bring to production, it is hard to see how demand will be met. Analysts at a Canadian investment bank, Canaccord, reckon that demand for flake graphite will increase six-fold by the end of this decade. This paints a very bullish picture for flake graphite prices. A six-fold increase to demand without any significant increase in supply should send prices one way: UP.

Analyst predictions aren’t any kind of guarantee this will actually happen, of course. I think what is probably more important is just how strategically important graphite is: particularly graphite deposits based outside of China.

Whether it is used for batteries, nuclear reactors, fuel cells, or even graphene – the point is that graphite is essential for a group of new and developing technologies.

This makes it a commodity that important groups will want to control… and that makes it a great investment opportunity.

This story has just started on the Australian market. It has the same hallmarks that the rare earths stock boom had back in 2009. Investors that got into that at the start made spectacular returns.

The time to look at graphite is now.

Dr. Alex Cowie
Editor, Diggers & Drillers

The Conference of the Year “After America” DVD

Why You MUST Speculate

Disruptive Technology Stocks For Smart Small-Cap Investors

Source: http://www.moneymorning.com.au/20120427/why-graphite-is-the-high-tech-commodity-of-the-future.html

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Strike Announces $3,000,000 Brokered Private Placement

Posted by AGORACOM-JC at 4:03 PM on Thursday, April 26th, 2012

VANCOUVER, BRITISH COLUMBIA–(April 26, 2012) –

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Strike Graphite Corp. (TSX VENTURE:SRK) (the “Company” or “Strike“) announces that it has entered into an engagement letter with Union Securities Ltd. (the “Agent“), whereby the Agent will act as agent for the Company in relation to a private placement of securities on a commercially reasonable efforts basis, to raise gross proceeds of up to $3,000,000 (the “Offering“).

The Offering will consist of 2,777,778 flow-through units (each, a “FT Unit“) at a price of $0.36 per FT Unit for total flow-through proceeds of $1,000,000. Each FT Unit will consist of one common share of the Company and one-half of one non-transferable share purchase warrant, each whole warrant (a “FT Warrant“) exercisable into one non flow-through common share of the Company for a period of 18 months from the date of issue at a price of $0.45 per share.

The Offering will also include 6,666,667 non flow-through units (each, a “NFT Unit“) at a price of $0.30 per NFT Unit for total gross proceeds of $2,000,000. Each NFT Unit will consist of one common share and one-half of one non-transferable share purchase warrant, each whole warrant (a “NFT Warrant“) exercisable into one common share of the Company for a period of 18 months from the date of issue at a price of $0.45 per share.

The Agent will have the option (the “Over Allotment Option“) to sell an additional number of NFT Units equal to up to 15% of the total number of FT Units and NFT Units sold under the Offering, at a price of $0.30 per additional NFT Unit, which option must be exercised within five business days after the final closing date.

The Agent will receive a cash commission equal to 8% of the gross proceeds from the sale of the FT and NFT Units (collectively, the “Units“), including Units sold pursuant to the Over Allotment Option. The Agent will also receive compensation options (each, an “Agent’s Option“) equal to 8% of the total number of Units sold under the Offering and Over Allotment Option. Each Agent’s Option will be exercisable into one common share of the Company for a period of 24 months from the date of issue at a price of $0.30 per share.

Proceeds of the placement will be used for exploration and development of the Company’s graphite assets in Saskatchewan and Quebec and for general working capital.

The Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals and the acceptance of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a four month hold period from the date of issue.

The Agent shall have the right of first refusal to act as agent for the Company with respect to any subsequent financing undertaken by the Company for a period of twelve months from closing of the Offering.

About the Company:

Strike Graphite Corp. is a progressive exploration company with seasoned management targeting strategic assets on a global scale. In addition to the Deep Bay East and Simon Lake graphite properties, the Company is also actively advancing its Wagon Graphite property in Quebec next to the Timcal Graphite mine. The Company also continues to advance the Satterly Lake gold project in north western Ontario, located just west of Gold Canyon Resources Inc.

On behalf of the Board of Directors,

Geoff Balderson, President

For more information on the above or to view the Company’s corporate presentation on its graphite assets and opportunity, please visit the Company’s website at www.strikegraphite.com.

We seek safe harbor.

Not for distribution to United States newswire services or for dissemination in the United States.

The offered securities will not be registered under the United States Securities Act of 1933, as amended, or any applicable state securities laws and may not be offered or sold in the United States absent such registration or an applicable exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the offered securities in any jurisdiction.

“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

 

Strike Graphite Corp.
604.669.9330 or Toll Free: 1.866.669.9337
604.669.9335 (FAX)
[email protected]
www.strikegraphite.com

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Golden Hope Mines Announces Further Excellent Gold Recovery Testwork and Provides an Exploration Update at its Bellechasse-Timmins Gold Project in Southeastern Quebec

Posted by AGORACOM-JC at 9:00 AM on Thursday, April 26th, 2012

MONTREAL, April 26, 2012 – Golden Hope Mines Limited (TSX VENTURE: GNH) (Pink Sheets: GOLHF) – Golden Hope is pleased to announce further positive gold recovery from further preliminary metallurgical test work at its Bellechasse-Timmins gold project in southeastern Quebec, Canada. Additional test work was completed on thirteen composite samples taken from drill core from its 2011 drill program.

When combining the current results with 5 previously announced samples on January 23, 2012 (http://cnw.ca/zdU0), gold recovery using gravity separation ranged from 37% to an outstanding 92% with an average of 77.3%, while total gold recovery using a combination of gravity separation and cyanidation ranged from 95.5% to more than 99.6% with an average total gold recovery of 98%.

“We are extremely pleased with these additional results as they once again demonstrate the excellent gold recovery by gravity while achieving outstanding recoveries using a combination of gravity and cyanidation” explains Frank Candido, President, Golden Hope Mines Limited.

The testwork also determined the head grades of the various composites and compared them with the individual assay results previously announced. SGS Geostat selected composite samples from thirteen different mineralized intersections at various depths with variable grades from drill core that tested mineralized zones within the T1 and T2 diorite at the Bellechasse-Timmins gold deposit. The testwork produced a total gold metallurgical balance that shows calculated feed grade, tailing losses and overall gold recovery data.

A summary of results can be viewed in Table 1 and Table 2 below.

Gravity Test Results Summary

Gravity Conc Recovery Gravity Tail Head Average Fire
Sample Test K80 Wt. Assay Au Assay* calc. Assay
µm % Au, g/t % Au, g/t Au, g/t Au, g/t
Comp 1 G1 93 0.035 2710 84.8 0.170 1.12 0.87
Comp 2 G2 67 0.050 7899 92.3 0.330 4.27 6.10
Comp 3 G3 82 0.061 1039 87.6 0.090 0.73 0.82
Comp 4 G4 65 0.066 764 83.6 0.100 0.61 0.37
Comp 5 G5 67 0.093 1099 54.4 0.860 1.89 1.45
Comp 6 G6 72 0.041 1432 61.0 0.380 0.97 0.50
Comp 7 G7 49 0.038 309 70.2 0.050 0.17 0.33
Comp 8 G8 70 0.043 1383 78.8 0.160 0.76 0.81
Comp 9 G9 97 0.040 476 73.3 0.070 0.26 0.30
Comp 10 G10 45 0.088 490 86.0 0.070 0.50 1.27
Comp 11 G11 46 0.071 420 36.9 0.510 0.81 1.07
Comp 12 G12 72 0.041 3934 79.8 0.410 2.03 7.01
Comp 13 G13 61 0.034 1712 90.6 0.060 0.64 1.67
Comp 14 G14 95 0.053 3198 92.4 0.140 1.84 0.97
Comp 15 G15 63 0.039 2018 74.4 0.270 1.05 1.33
Comp 16 G16 53 0.035 1250 79.9 0.110 0.55 1.04
Comp 17 G17 66 0.060 4082 90.1 0.270 2.73 2.28
Comp 18 G18 52 0.055 600 75.1 0.110 0.44 1.73

*calculated head from cyanidation test

Cyanidation Test Results Summary

Sample Test Reagent
Addition, kg/t		 Reagent
Consumption, kg/t		 Recovery
Au		 Residue
Assay*		 CN Feed
calc.		 Overall Au Recovery
Gravity/Cyanidation
NaCN CaO NaCN CaO % Au, g/t Au, g/t %
Comp 1 BC1 1.61 0.46 0.96 0.43 88.9 0.019 0.170 98.3
Comp 2 BC2 1.82 0.40 1.28 0.36 94.9 0.017 0.330 99.6
Comp 3 BC3 1.70 0.49 1.18 0.44 84.0 0.014 0.090 98.0
Comp 4 BC4 1.55 0.30 1.64 0.26 91.4 0.009 0.100 98.6
Comp 5 BC5 1.73 0.22 1.90 0.17 92.3 0.066 0.860 96.5
Comp 6 CN6 0.85 0.88 0.51 0.88 98.2 0.007 0.380 99.3
Comp 7 CN7 1.41 0.62 0.80 0.60 90.0 <0.005 0.050 97.0
Comp 8 CN8 1.54 0.60 0.98 0.56 95.6 0.007 0.160 99.1
Comp 9 CN9 1.02 0.77 0.45 0.76 88.9 <0.008 0.070 97.0
Comp 10 CN10 1.58 1.24 1.00 1.22 92.4 <0.005 0.070 98.9
Comp 11 CN11 1.66 1.30 0.96 1.27 96.7 0.017 0.510 97.9
Comp 12 CN12 1.12 0.47 0.45 0.45 90.6 0.039 0.410 98.1
Comp 13 CN13 1.55 0.53 0.97 0.50 93.1 0.005 0.060 99.4
Comp 14 CN14 0.92 0.56 0.19 0.51 76.2 0.033 0.140 98.2
Comp 15 CN15 1.83 0.32 1.16 0.29 95.2 0.013 0.270 98.8
Comp 16 CN16 1.99 0.38 1.33 0.35 94.0 0.007 0.110 98.8
Comp 17 CN17 1.02 0.28 0.66 0.26 54.2 0.051 0.270 95.5
Comp 18 CN18 1.54 0.43 0.99 0.41 94.0 0.007 0.110 98.5

*Average of six residue assays.

Average gold grades of the fire assay are slightly higher than the average total gold results and therefore suggests the need to cap the fire assay outliers.

The tests were performed under the supervision of Lesley Hendry, project metallurgist at SGS Lakefield. Details of the Total Gold metallurgical tests with accompanying tables are available upon request by contacting the company at (514) 750-8218 or [email protected].

Claude Duplessis, Eng. is an independent qualified person as defined by National Instrument 43-101 and has reviewed the technical contents of this press release.

Exploration Update:

Bellechasse-Timmins

There are currently 9 holes outstanding from the Winter 2012 drill campaign at SGS Laboratories in Toronto including BD2012-186, 187, 188, 189, 190, 191, 193, 194 and Beland 05. The Company will announce the results from these holes once received. The Company is also currently working on a plan for a continued exploration/definition drill campaign at Bellechasse-Timmins as well as drilling other priority targets along the Bellechasse Belt.

Champagne/VMS

The Company is currently developing a plan for an exploration/definition drill campaign at the Champagne zone as well as at other priority targets that have been recently identified from the VTEM (helicopter-borne time-domain electromagnetic) survey flown over the area in December 2011. The Company is targeting additional precious metal rich VMS deposits that may be lie within its claim block. The VTEM survey results suggest that there are a significant number of high priority targets that require drill testing.

Resource Estimate

Since April 2011, the Company has been working closely with SGS Geostat of Blainville, Quebec towards the publication of its first resource estimate. The Company had until recently been targeting Q1 of 2012 as a cut off date for results to be included in the resource estimate. However, not all of the outstanding assay results from the previously conducted Bellechasse-Timmins drill campaign had been received and interpreted during Q1 of 2012. The Company is anticipating that the outstanding assay results will be received by the end of this month and is currently targeting announcing a resource estimate for Bellechasse-Timmins in late May or early June 2012.

About Golden Hope:

Golden Hope is a mineral exploration company that seeks to grow shareholder value through the acquisition, exploration and development of potentially large-scale gold and base metal projects suitable for underground and/or open-pit mining. The Company’s focus is in southeastern Québec, Canada. The Company’s claim blocks lie within an area that extends approximately 100 kilometres along the Appalachians of southern Québec from near Ste-Lucie-de-Beauregard to approximately 16 kilometres southwest of Beauceville. The Bellechasse-Timmins gold deposit lies 5 kilometres southeast of St-Magloire within the Bellechasse Belt, an approximately 18 kilometre long mineralized area. The Bellechasse-Timmins gold deposit includes the T1, T2A, T2B, Ascot/Road gold zones, and the 88 Diorite. The Company is also looking to develop the Champagne zone, a partially explored base metal and gold deposit that lies within the Company’s Bellechasse Belt claims. A recently completed VTEM survey may identify other similar targets along the horizon. The Company is also working to develop other targets within its claim blocks including the FSG gold and base metal target, Chute du Bras, the LG showing, Moose Cliff, and Talon. For further information on Golden Hope please visit www.goldenhopemines.com.

Statements Regarding Forward-Looking Information: Some statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Such statements include plans, timing and expectations for a resource estimate; the timing for receipt of drilling and assay results; and plans for further exploration and drilling at Bellechasse-Timmins and Champagne/VMS and other targets along the Bellechasse Belt. Investors are cautioned that forward-looking information is inherently uncertain and involves risks and uncertainties that could cause actual facts to differ materially, including timing of and unexpected events regarding the receipt and interpretation of drilling and assay results; delays in the preparation of a resource estimate at SGS Geostat or elsewhere; fluctuations in gold price and costs; and general economic conditions. There can be no assurance that future developments affecting the Company will be those anticipated by management. The forecasts contained in this press release constitute management’s current estimates, as of the date of this press release, with respect to the matters covered thereby. The Company expects that these estimates will change as new information is received. While the Company may elect to update these estimates at any time, the Company does not undertake to update any estimate at any particular time or in response to any particular event.

For further information:Golden Hope Mines Limited
Frank Candido
: President, Director
Tel: 514-750-8218
[email protected]
[email protected]
www.goldenhopemines.com

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Lomiko to Outline 2012 Drilling Plan for Quatre Milles at Toronto Graphite Conference May 2, 2012

Posted by AGORACOM-JC at 8:34 AM on Thursday, April 26th, 2012

SURREY, BRITISH COLUMBIA–(April 26, 2012) – Lomiko Metals Inc. (TSX VENTURE:LMR)(PINKSHEETS:LMRMF)(FRANKFURT:DH8B) (Europe: ISIN: CA54163Q1028) (WKN: A0Q9W7) (the “Company” or “Lomiko”) is pleased to announce that Lomiko Metals will be presenting at the Toronto Graphite Express-Conference at the Sheraton Centre Hotel, Wednesday, May 2, 2012 and outlining its 2012 exploration plans.

This conference is designed to bring critical information about the graphite sector to investors and brokers. Simon Moores – Graphite Market Specialist, Industrial Minerals and Chris Berry of House Mountain Partners are keynote speakers.

Graphite is fast becoming a strategic mineral. From batteries to advanced nuclear reactors graphite is in demand and China, which supplies 70% of the current graphite market, is showing signs of holding back supply in the future.

Lomiko recently optioned the Quatre Milles Graphite Property 175 km from Montreal, Quebec in hopes of finding a large flake, crystalline graphite deposit which is easily developed. The property is accessible by paved road.

For more information or to register, please click here:

http://resourceclips.com/resource-express-graphite-conference-registration

On Behalf of the Board

Paul Gill, Chief Executive Officer

We seek safe harbor.

FOR FURTHER INFORMATION PLEASE CONTACT:

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

 

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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Strike Announces Appointments to Advisory Board

Posted by AGORACOM-JC at 8:12 AM on Thursday, April 26th, 2012

VANCOUVER, BRITISH COLUMBIA–(April 26, 2012) – Strike Graphite Corp. (TSX VENTURE:SRK) (the “Company” or “Strike“) is pleased to announce the following appointments to its Advisory Board:

Jerry Janik (Ontario)

Mr. Janik has over 20 years’ experience in the mining industry. He has extensive experience in quality control, mine planning/tailings deposition, production, project management, process improvement, and permitting and new product development. Mr. Janik holds dual diplomas in geology and mineral processing from Sir Sandford Fleming College School of Natural Resources in Peterborough, Ontario.

Most recently, Mr. Janik has been fulfilling the role as General Manager for Ontario Graphite’s mine in Kearney, Ontario, where after 16 years under care and maintenance, he is overseeing an operational plan that contemplates re-commissioning the mine. Production is expected to resume by the fall of 2012 with an aim of producing 20,000 tonnes annually of natural large flake high carbon graphite concentrate at >95% Cg in 4 different size ranges.

Ontario Graphite (a private company) has a confirmed mineral resource of 43.5 million tonnes measured and indicated (2.34% Cg average, Jan. 2010). Ontario Graphite’s Kearney Mine has the largest confirmed mineral resource of any North American graphite prospect and is one of the largest individual deposits outside of China and North Korea.

Jody Dahrouge – B.Sc., Sp.C., P.Geo. (Edmonton)

Mr. Dahrouge contributes over 20 years of leadership experience with mineral exploration and resource development projects worldwide. He has served as senior executive officer, director and/or geologist with a number of publicly traded companies, including Pacific Potash Corporation, Commerce Resources Corp., Quantum Rare Earth Developments Corp., Fission Energy Corp. and Equitas Resources Corp. Mr. Dahrouge is a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta and British Columbia.

Geoff Balderson, President of Strike, remarks, “As stated previously, the Company is committed to assembling a first-class executive and management team in the graphite space. Mr. Daroughe and Mr. Janik both have a wealth of experience. Their addition further demonstrates the Company’s commitment to achieving its objectives and rapidly maturing its graphite assets for the benefit of all shareholders.”

About the Company:

Strike Graphite Corp. is a progressive exploration company with seasoned management targeting strategic assets on a global scale. In addition to the Deep Bay East and Simon Lake graphite properties, the Company is also actively advancing its Wagon Graphite property in Quebec next to the Timcal Graphite mine. The Company also continues to advance the Satterly Lake gold project in north western Ontario, located just west of Gold Canyon Resources Inc.

On behalf of the Board of Directors,

Geoff Balderson, President

For more information on the above, or to view the Company’s corporate presentation on its graphite assets and opportunity, please visit the Company’s website at www.strikegraphite.com.

We seek safe harbor.

Contact Information

 

Strike Graphite Corp.
Geoff Balderson
President
604.669.9330 or Toll Free: 1.866.669.9337
604.669.9335 (FAX)
[email protected]
www.strikegraphite.com

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Northern Graphite CEO Gregory Bowes on Ontario graphite property met results

Posted by AGORACOM-JC at 10:52 AM on Wednesday, April 25th, 2012

Northern Graphite Corp TSXV:NGC announced metallurgical test results from its Bissett Creek Graphite Project in eastern Ontario. Tests confirmed high recovery of large-flake, high-purity graphite consistently across the resource. The overall recovery from eight locked-cycle tests was 97%, and almost all concentrate will qualify for large-flake (+80 mesh), high-carbon (94%) pricing. Results showed 33% of the concentrate was +50 mesh, 97% C and 19% was +32 mesh, 98% C. Two of the locked cycle tests showed +32 mesh, 99% C.

Average results from eight locations on the deposit show

19.1% of concentrate +32 mesh, 98.1% carbon
33% of concentrate +50 mesh, 97% C
23.3% of concentrate +80 mesh, 95.1% C
5.2% of concentrate +100 mesh, 94% C
10.5% of concentrate +200 mesh, 92.7% C

CEO Gregory Bowes tells ResourceClips.com, “I think we’re the only graphite company that’s really completed the full suite of metallurgical testing, bulk sampling, pilot plant, all of that stuff and published the results. And I think they confirm that we have the best flake-size distribution in the industry and the highest carbon content of our graphite concentrate, so we will be producing the highest-price, premium-value product.

From a mining and metallurgical point of view, the project has pretty well been de-risked—Gregory Bowes

“We expect to complete our bankable feasibility in late May. I’m pretty sure we’ll file the mine closure plan in May as well. That is the comprehensive document describing how we’ll return the site to its natural state at the end. If that’s accepted by the government, we can start construction. It will take about one year to build the mine, so we hope to be in production before the end of 2013.”

As for infrastructure, “We are 15 kilometres from the Trans-Canada Highway, between Ottawa and North Bay, so we’re also 15 kilometres from the powerline and the natural gas pipeline. We’re about 50 kilometres from nearby towns, so we don’t have to build a camp. We’re five hours by truck from the port of Montreal. From there we can ship anywhere in the world. You can drive a transport truck from Toronto to the site in five hours. So you’re not dealing with the logistics of remote locations.

“From a mining and metallurgical point of view, the project has pretty well been de-risked,” he points out. “This thing had a full feasibility study done on it during the 1980s, so we’re effectively doing the second one, and all the results are consistent. So it’s low risk technically.”

View Company Profile

Contact:
Gregory Bowes
CEO
613.241.9959

or Don Baxter
President
705.789.9706

Disclaimer: Northern Graphite Corp is a client of OnPage Media and the principals of OnPage Media may hold shares in Northern Graphite.

by Greg Klein

Source: http://resourceclips.com/2012/04/25/northern-graphite-ceo-gregory-bowes-on-ontario-graphite-property-met-results/

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GRAPHITE: The Driving Force Behind Green Technology

Posted by AGORACOM-JC at 9:44 AM on Wednesday, April 25th, 2012

GRAPHITE: The Driving Force Behind Green Technology

                                      click on image below

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Logan Copper acquires graphite property

Posted by AGORACOM-JC at 9:30 AM on Wednesday, April 25th, 2012

DELTA, BC, April 25, 2012 – Logan Copper Inc. (the “Company”, “Logan Copper”, “LC”), (TSX.V: LC) is pleased to announce the acquisition of a 3,266 acre graphite property located near the town of Mayo, Quebec, Canada.

LC’s property, the “Mayo Graphite Property”, is located some 35 kilometres northeast of Ottawa, Ontario and 130 kilometres west of Montreal, Quebec, with excellent infrastructure. The property is 100% owned by Logan Copper Inc. with no net smelter royalty attached.

Summary: Mayo Graphite Project

  • Over 3,266 acres of land (13 sq km)
  • Known graphite occurrences in area
  • A historical Aeromagnetic survey completed over the entire property
  • Near major roads and good infrastructure

The Mayo Graphite Property is located 80 kilometres south of the producing Stratmin Graphite Mine. This mine has been producing natural flake graphite since 1988.

The past producing Bell Graphite mine is located 4 kilometres south of LC’s property. Historical records show this mine produced 6,700 tonnes of Graphite from 1906-1912.

Logan Copper is currently compiling all the historical geological data to prepare for an upcoming exploration program (s) on the Mayo Graphite property. Further announcements will be made once the geological / exploration team completes the review of the historical data.

About Graphite

Natural Graphite is an excellent conductor of heat and electricity. Graphite also has the highest natural strength and stiffness of any material. There are myriad of uses such as in brake linings, steelmaking, batteries, lubricants, and reinforcement of plastics.

The commodity price of natural flake Graphite has steadily increased to over $1,170 per tonne from $694 per tonne in 2009. Industrial demand for graphite is growing at approximately 5 per cent annually.

Of the 1.1 million tonnes of worldwide graphite production, 800,000 tons (73%) comes from China. The government of China has imposed an export duty of 20% plus an additional 17% value added tax on exports of graphite to ensure that they have sufficient supplies for domestic use. Demand for graphite continues to grow rapidly through increased use in ion batteries, carbon fibre reinforced plastics, and carbon alloyed metals. Furthermore, additional demand is expected from use in fuel cells and the construction of pebble bed nuclear reactors.

Some examples of uses of graphite are:

  1. An average fuel cell vehicle will use 80 kilograms of graphite.
  2. An electric car will require 25-50 Kilograms of graphite,
  3. Pebble Bed Nuclear Reactors require “3,000 tonnes of graphite at start-up and 600 to 1,000 tonnes per year”.

China has one operating prototype of a Pebble Bed Nuclear Reactor and has firm plans to build 30 more by 2020. Researchers at West Virginia University estimate that “500 new 100 GW pebble reactors will be installed in the US by 2020 with an estimated graphite requirement of 400,000 tonnes” (annually).

“We seek safe harbor”

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