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Gold Soars in Wake of US Election - Lomiko Seeks Partner for Gold Exploration

VANCOUVER, British Columbia, Nov. 09, 2016 (GLOBE NEWSWIRE) -- LOMIKO METALS INC. (TSX-V:LMR) (OTC:LMRMF) (FSE:DH8B) (ISIN:CA54163Q1028) (WKN: A0Q9W7) (“Lomiko” or “the Company) seeks a partner to explore the Eastern portion of the Vines Lake Project for gold and silver. Please see a web site summary at: http://www.lomiko.com/properties/vineslake.html.

"A continued destabilization of the United States may occur in the wake of last night's historic vote in the USA. There is good potential for a renewed interest for gold and silver," stated A. Paul Gill, CEO of Lomiko Metals.

The Vines Lake Property is located in the Cassiar Gold Camp in the Liard Mining District of northwestern British Columbia. Lomiko Metals Inc. currently holds the rights to 3 claims acquired in 2006 totaling 1,209 Ha (2,987 Acres). The Vines Lake property has year round paved road access as the property’s northern boundary crosses Hwy 37N, seven kilometers south of the unincorporated settlement of Jade City.

Cassiar Area Highlights:

  • A fully permitted 270 tonne per day, gravity and flotation mill, power plant, assay laboratory and tailings impoundment facility is owned by China Minerals.
  • Approximately 316,000 ounces of gold have been produced at the adjacent Table Mountain Mine from 1979-2007 under various companies.
  • A 73 gold ounce nugget was found at McDame Creek near the Vines Lake Property.

The historic information above was first released July 19, 2012

http://www.lomiko.com/public/files/news/LMR%20NR%20Loimiko%20starts%202012%20Exploration%20at%20Vines%20Lake%20project%2007-20-2012.pdf

On behalf of Lomiko Metals Inc,

Signed:   “A. Paul Gill”
A. Paul Gill, President & CEO

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.

/EIN News/ --

For more information, please contact 604-729-5312 or Email: info@lomiko.com.  Website: www.lomiko.com.

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