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Tuesday, July 26, 2011

Gold and Mining Stocks Trading Alert: (OTC: LMRMF) trading up over 50% on news of Completion of Phase I Exploration at Gold Property

POINT ROBERTS - July 25, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, including gold and mining stocks issues a trading alert for Junior Gold stock LOMIKO METALS INC (OTC:LMRMF). The stock traded as high as $0.0739, up (50.82%) on July 25th following news that company has completed Phase I of the 2011 Exploration Program at their Vines Lake gold property.
News excerpt: Junior Gold Stock News Alert; Lomiko (TSX-V: LMR; OTC: LMRMF) Completes Phase I Exploration at Vines Lake Gold Property
- "Junior gold stock, LOMIKO METALS INC. (OTC: LMRMF) reports the following news:
LOMIKO METALS INC.'S Exploration Manager Lesley Hunt reports that Lomiko has completed Phase I of the 2011 Exploration Program at Vines Lake. The Exploration team has completed soil geochemistry survey at 50m spaced sample sites on 200m spaced lines. The soil grid covers a total of 74.7 line kilometers including the claim lines. A total of 1,358 soil samples were taken, bagged and sent to Stewart Group - Eco Tech Division in Kamloops, BC for analysis and further assaying. The property has several lakes and swamps where no soil samples could be obtained.
The program is designed to target both potentially high-grade gold vein systems, as seen at the adjacent Table Mountain Mine, in addition to the prospect of intrusion related mineralization.
Phase II of the 2011 Exploration Program which includes geological mapping and diamond drilling has commenced. Currently geologists are mapping known airborne geophysical anomalies and pending results will target geochemical soil anomalies. Diamond drilling will then further explore the resulting geophysical, geochemical and geological mapping anomalies in priority.”
Full News: http://www.investorideas.com/CO/LMR/news/2011/07251.asp
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