5 advanced properties with NI 43-101 resources of 1.7 MM oz. of gold

Recent Drill Results: 2.03 g/T over 106.8 metres, including 2.81 g/T over 72.9 metres

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Lomiko owns 100% of the 5,407 Ha Vines Lake Zinc Property and has an agreement to acquire 100% of the Quatre Milles Graphite Property which has recently been expanded to 3,780 Ha.
The price for flake graphite is $ 1,500 - 3,000 per tonne depending on flake size and grade.

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Re: Gold Mining

in response to Re: Gold Mining by cdcasper

posted on Jan 15, 08 01:44PM

Yes, that seems to be the strategy. I guess that makes Acadian a zinc/lead mining company and a gold exploration company. As long as the prices of zinc and lead are over dollar, this will be a reasonable way to proceed. However, problems would arise if they drop significantly.

Let's hope that this does not happen and that the company can turn profits from the mining operation to continuing to develop the gold resources and perhaps think about building a gold milling facility.

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