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.
The claims cover rocks of the Sylvester Allocthon, the Cassiar Platform and the Cassiar Batholith. The Cassiar Gold Camp hosts both the Table Mountain Gold Property and the Taurus Property both owned by Hawthorne Gold Corp. On these properties are located a number of past-producing high grade gold mines, the majority of which are underground and a few small open pits. Total documented lode and placer gold production to date from the Cassiar Gold District is about 425,100 oz (13,222 kg) of gold.
The Vines Lake Technical Report provides an independent geophysical and geological evaluation, an updated review of recent work (2008) conducted on the property, and an evaluation of the potential for the property to host an economic mineral resource. The results of this evaluation reveal that potential does exist on the Vines Lake property for discovering new high-grade gold vein systems, and other intrusion related mineralization simply due to the proximity to the proven mining history in the Sylvester Allocthon and the presence of the Cassiar Batholith and its contact with the autochthonous Cassiar Terrane rocks, over which Lomiko’s Vines Lake property claims are located.
The Exploration Program for 2011 has been completed at the Vines Lake Project. A geochemical soil survey and geological mapping survey was completed over the initial Lomiko Metals’ claim block covering a total area of 1,209 Ha. The Vines Lake Property has since been increased to 5,403 Ha. The survey grid covered 75 line kilometers. Soil samples were taken at 50meter intervals on north-south orientated lines spaced 200 meters apart. Claim boundaries were also sampled. A total of 1,366 B-horizon soil samples and 74 rock samples were collected and sent in for multielement ICP analysis to the Stewart Group - Eco Tech Laboratory in Kamloops BC which is now owned by the ALS Minerals based out of Vancouver, BC.
Soil analyses results have outlined numerous anomalous gold values up to 0.279 g/t mostly on the eastern side of the property adjacent to China Minerals Mining's Table Mountain Gold property. Silver anomalies, also seen on the eastern portion of the property and not always coincident with gold anomalies included results up to 19.50 g/t. Numerous Barium and Bismuth anomalies are outlined, with results returning values up to 1413 ppm and 3.48 ppm respectively.
Zinc values in soil, on the western side of Vines Lake were by far the most anomalous on the property with values reported up to 2,429 ppm. One anomalous zone on the west side of the property measures 108 Ha with an average Zn value of 430 ppm.
The company focused efforts on a large data collection program that would identify new high-grade gold vein systems and other intrusion related mineralization in proximity to the Cassiar Batholith and its associated boundary contacts, over which Lomiko’s Vines Lake property claims are located.
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