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Published:
Lomiko Stakes Alkali Flat Lithium Property East of Chemetell's Silver Peak Lithium Brine Facility in Nevada
VANCOUVER, BRITISH COLUMBIA - (Marketwire - Nov. 9, 2009) - Lomiko Metals Inc. (TSX VENTURE:LMR)(PINK SHEETS:LMRMF) ("Lomiko" or the "Company") has in conjunction with its subisidary Lomiko Metals USA LLC, located 552 lode claims comprising 4,615.4 Ha or 11,404.9 acres in Esmerelda County, Nevada. The staking covers a large portion of Alkali Flat in Montezuma Valley which is prospective for economic grades of lithium and other minerals. A satellite image of the new property is available at http://media3.marketwire.com/docs/lmr119.pdf. America's only lithium production facility owned by Chemetell is in the valley immediately to the west. Details on Chemetell are available at: http://www.chemetalllithium.com.
Montezuma Valley (also known as Alkali Flat) formed in a structural basin, a down-faulted and rotated crustal block caused by tensional spreading forces common to the Basin and Range province of Nevada and nearby states. The faulted blocks, which often result in the creation of closed basins, are composed of a variety of Precambrian and Paleozoic rocks overlain by younger volcanic rocks ejected from a nearby eruption during the Tertiary. It is these volcanic rocks, some containing high lithium values, that are considered to be the source of lithium found in subsurface brines in Clayton Valley. Lithium, along with numerous other elements, was liberated from the rocks through mechanical and chemical weathering processes and transported into the basins. Subsequent climatic changes in the Quaternary resulted in the enrichment of lithium solutions by evaporation. Montezuma Valley and the Kar claims are located immediately east of Clayton Valley. The two valleys are separated by the Paymaster fault and share the exposed Precambrian and Paleozoic basement rocks covered by tertiary volcanic rocks of Paymaster Ridge. Mr., Ray Spanjers, P.Geo, of TRU Group Inc. is the Qualified Person responsible for the technical content of this news release.
For more information visit the Lomiko website at www.lomiko.com phone 778-228-1170 or email: lomiko@dccnet.com
On Behalf of the Board,
A. Paul Gill, President and 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.
www.lomiko.com
Copyright © 2009, MarketWire Canada Copyright © 2009, NewsBlaze, Daily NewsTags: ,Manufacturing and Production,Mining and Metals,MINING EXPLORATION UPDATE
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