(Vancouver) LOMIKO METALS INC. (TSX-V:LMR, OTCQX: LMRMF, Europe: ISIN: CA54163Q1028, WKN: A0Q9W7,) (“Lomiko” or “the Company) Lomiko Metals Inc. has acquired 100% Rose, Anita and Lela semi-evaporitic playa lakes located near 70 mile House, B.C and has a large deposit of sodium carbonate-rich brine lakes here in bc.
The carbonate-rich 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 source of sodium carbonate increases the potential 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 cause concern over the increasing costs of processing the brine brought to you buy lithium stocks.
Share prices of First Gold Exploration Inc. (TSX-V: EFG) skyrocketed as much as 180% after the company announced a new high-grade discovery of rare earth elements and lithium Property in Northern Quebec. The company reported that recent grab samples from an area between two of First Gold’s previous lithium and rare earth element discoveries – contained very high grades of lithium, rubidium, tantalum, beryllium, niobium, and gallium. The announcement of the new discovery sent the stock soaring from $0.34 to a high of $0.95. Share prices cooled off by the end of the day to close at $0.68 – a 113% gain.
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