Lomiko Metals Inc. acquired a 100-per-cent interest in the Rose, Anita and Lela semi-evaporitic playa lakes

 

 

Lomiko Metals Inc (LMR 0.07 ↑0.00%) (C:LMR)

 

Lomiko Metals Inc (C:LMR)
Shares Issued 41,068,445

Last Close 5/14/2010 $0.07

Monday May 17 2010 – News Release
Lomiko buys B.C. sodium-carbonate-rich brine lakes Monday May 17th, 2010

Mr. Paul Gill reports

LOMIKO ACQUIRES PAST-PRODUCING SODIUM CARBONATE-RICH BRINE LAKES IN BRITISH COLUMBIA

Lomiko Metals Inc. acquired a 100-per-cent interest in the Rose, Anita and Lela semi-evaporitic playa lakes located near 70 Mile House, B.C.

The lakes are located in the Green Timber Plateau area, a semi-arid plateau averaging 1130 metres elevation and are part of the Cariboo Plateau. The area is underlain by alkaline plateau basalt flows of the Miocene to Pleistocene Chilcotin Group, mantled by a thin cover of glacial till and glaciofluvial sediments.

An estimated 900 tonnes of sodium carbonate were removed from the Anita and Lela Lakes between 1918 and 1937.

Sodium carbonate is an essential element in the processing of lithium, sulfates, magnesium and other marketable products from salt brines. A root of sodium carbonate increases the potential drop viability of lithium projects in the Atacama region of South America, especially Bolivia and to a lesser extent Chile, where magnesium has been identified occurring with lithium in sufficient quantities to receive concern over the increasing costs of processing the brine.

Lomiko will pay $ 10,000 and issue 200,000 common shares, subject to TSX approval, to complete the transaction.

Mr. Garth Kirkham, P.Geo is the Qualified Person for the Vines Lake Project and has reviewed the technical data in this news release.

© 2010 Canjex Publishing Ltd.

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Western Lithium Corporation (TSX VENTURE:WLC)(PINK SHEETS:WLCDF) reported that a new National Instrument 43-101 (”NI 43-101″) resource estimate has been completed for a potential Stage II development at the Kings Valley Lithium Project in Nevada.

The press release is quoted as saying:

Western Lithium is developing the Kings Valley, Nevada lithium deposit into potentially one of the world’s largest(2) strategic, scalable and reliable sources of high quality lithium carbonate. The Company is positioning itself as a major U.S.-based supplier to support the rising global demand for lithium carbonate that is expected from the increased use of mobile electronics and hybrid/electric vehicles.

 

 

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