Lomiko Identifies New Multi-Element Anomalies at Yellow Fox, the Antimony, Silver, and Gold Property Located in Central Newfoundland
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Lomiko Identifies New Multi-Element Anomalies at Yellow Fox, the
Antimony, Silver, and Gold Property Located in Central Newfoundland
August 12, 2025 – Montreal, Québec: Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko” or the
“Company”) is pleased to provide a n update regarding results from the recently completed soil
sampling program (See News Release March 12, 2025) on the Yellow Fox, antimony, silver, and
gold property acquired from Metals Creek as per news release issued on January 21st, 2025. (See
news release dated January 21, 2025).
Gordana Slepcev, CEO, President, and Director, stated: “We are happy to see very promising
results coming out from the soil sampling work at Yellow Fox property field program which
identified several soil anomalies comprised of multiple pathfinder elements (Au, Sb, Ag, Zn, Pb,
As, Fe, Mn) exhibiting similar traits to that of the historic soil survey conducted over the Yellow
Fox showing (See Figures 1-4). These new anomalies are trending similarly to the Yellow Fox N-
NE. We are looking forward to continuing with the soil sampling and geophysical surveys over
identified anomalous trends to better identify trenching and channel sampling targets.”
In addition, Newfoundland has just been named on the Fraser Institute’s list of top mining
jurisdictions, and with the Company’s previous working experience in Newfoundland, we believe
it is highly prospective for the future of the Company. Newfoundland & Labrador appears in the
list of the top ten most attractive jurisdictions for mining investment. Source:
https://www.fraserinstitute.org/studies/annual-survey-mining-companies-2024
Highlights:
New high-priority multi-element targets identified as shown in Figures 1-4.
Anomalies trending roughly the same orientation as Yellow Fox showing.
Anomalies discovered are close to Yellow Fox Showing as shown in Figures 1-4.
Soil sampling program successfully targeted south of Yellow Fox, showing 59.413 g/t gold
and areas of increased density of interpreted structures. See Figures 1-4.
551 soil samples were collected on ten 250m spaced lines trending 110 degrees.
Several high-priority targets with a similar trend (015 °) to that of mineralized vein sets at
the Yellow Fox showing have been identified. See Figures 1-4.
Yellow Fox is an early -stage exploration property prospective in antimony, gold, and silver where
historic work has returned samples anomalous in gold (Au), antimony (Sb), lead (Pb), zinc (Zn), and
silver (Ag). Previous trenching exposed bedrock, resulting in grab samples up to 59.43g/t Au, 11.10%
Sb, 7.00% Zn, 72.90g/t Ag, and 5.50% Pb in arsenopyrite-stibnite veins within altered monzogranite.
(See Metals Creek assessment report at
https://gis.geosurv.gov.nl.ca/geofilePDFS/Batch2016/002D_0779.pdf)
Please note that the results on an adjacent or nearby property (Beaver Brook) are not necessarily
what can be expected on the Yellow Fox project and that the results of surface or grab samples,
by their nature, this type of sample is selective and that the assay results may not be indicative of
underlying mineralization.
This program was designed to evaluate prospective regional structures transecting the Yellow Fox
property at roughly the same orientation as that of the Beaver Brook Mine and to follow up and
expand on a much smaller historic soil sampling survey, which hi ghlighted several small
prospective pathfinder soil anomalies in close proximity to the Yellow Fox discovery. A total of
551 soil samples were collected from this current program along 10 lines with a spacing of 250m
over an area that historically has not seen much exploration, concentrating on the northern half of
the project area.
Assay results from this program highlight the identification of several soil anomalies comprised
of multiple pathfinder elements (Au, Sb, Ag, Zn, Pb, As, Fe, Mn) exhibiting similar traits to that
of the historic soil survey conducted over the Yellow Fox showing (See Figure 1). These new
anomalies are trending roughly North(N)-Northeast(NE) similar to that of the highly prospective
regional structures which also trend N -NE. Several high-priority multi-element anomalies with
similar geochemical signatures to those of the Yellow Fox showing are present in close proximity
to the main showing.
Soil sampling is proving to be a helpful tool, especially given the lack of outcrop, in identifying
areas of high exploration potential, as demonstrated in the Yellow Fox showing area. The next
stages will include ground geophysics to better define the orientation and location of high-priority
targets, followed by surface trenching.
In July of 2025, a second phase of soil sampling was conducted to further expand on the phase one
program. 280 soil samples were collected for Au and ICP analysis. Soil samples were collected to
the south and the west of the spring soil sampling program. Currently awaiting assay results.
In July, the Government of Newfoundland and Labrador’s Mineral Incentive Program officially
approved Lomiko’s application as filed, designating it as a “ Critical Minerals as a Primary
Exploration Target” project. This prioritization ensures eligibility for CMA and PCMA funding.
Yellow Fox antimony and gold prospect exploration – future steps
• Additional soil sampling took place in early July, with 280 samples collected.
• Next work phase will include ground geophysics followed by surface trenching
• Line cutting, ground geophysics and surface trenching permits have been received.
• Stripping, channel sampling and trenching.
Figure 1 – Gold results with interpretation
Figure 2 – Antimony results with interpretation
Figure 3 – Zinc results with interpretation
Figure 4 – Lead results with interpretation
Location Details
The Yellow Fox Property is located approximately 10 km southwest of the Town of Glenwood
NL, and south of the Trans-Canada Highway. The Property occurs within NTS map sheets 02D/14
and 15 with excellent access along several logging and skidder roads originating from Glenwood.
The main Yellow Fox showing is located in the central part of License 027536M, 5km from the
western end of Gander Lake. The property is centered at approximately UTM (NAD 27) grid
coordinates 5,419,400m North and 645,300m East.
Geologically, Yellow Fox exhibits similar traits to those of Beaver Brook with cross -cutting
structural zones that show intense carbonate alteration with sulphide-bearing stringers to veins of
stibnite and arsenopyrite with similar high -grade tenors of antimony, gold, lead, zinc, and silver.
Arsenopyrite is also present in both locations. Two prominent fracture vein s ets are present, one
being the muscovite -pyrite-rutile veins trending 356 degrees and the second stibnite -quartz-
arsenopyrite being the most abundant and trending 025 degrees. Both these vein sets are similar to
that of the past producing Beaver Brook antimony Mine, and both vein sets trend in N to NE,
which is the same as the prospective regional structures.
Qualified Person
The technical content presented in this press release was reviewed and approved by Gordana
Slepcev, P.Eng., who is the CEO & President of Lomiko Metals and acts as the “Qualified Person”
as that term is defined under National Instrument 43- 101, Standards of Disclosure for Mineral
Projects. Also, all the materials were reviewed and approved by Metals Creek QP Wayne
Reid P.Geo., who is registered in Newfoundland.
All samples were dried and then sent to Eastern Analytical Ltd. located in Springdale,
Newfoundland. Samples are analyzed by ICP34 method that delivers a 34- element package and
analyzed by ICP-OES analytical technique.
About Lomiko Metals Inc.
The Company holds mineral interests in its La Loutre graphite development in southern Quebec.
The La Loutre project site is within the Kitigan Zibi Anishinabeg (KZA) First Nation’s territory.
The KZA First Nation is part of the Algonquin Nation, and the KZA traditional territory is situated
within the Outaouais and Laurentides regions. Located 180 kilometers northwest of Montreal, the
property consists of one large, continuous block with 76 mineral claims totaling 4,528 hectares
(45.3 km2).
The Property is underlain by rocks from the Grenville Province of the Precambrian Canadian
Shield. The Grenville was formed under conditions that were very favorable for the development
of coarse -grained, flake -type graphite mineralization from organic -rich material during high-
temperature metamorphism.
Lomiko Metals published an updated Mineral Resource Estimate (MRE) in a NI 43-101 Technical
Report and Mineral Resource Estimate Update for the La Loutre Project, Quebec, Canada,
prepared by InnovExplo on May 11th, 2023, which estimated 64.7 million tonnes of Indicated
Mineral Resources averaging 4.59% Cg per tonne for 3.0 million tonnes of graphite, a tonnage
increase of 184%. Indicated Mineral Resources increased by 41.5 million tonnes as a result of the
2022 drilling campaign, from 17.5 million tonnes in 2021 MRE with additional Mineral resources
reported down- dip and within marble units resulted in the addition of 17.5 million tonnes of
Inferred Mineral Resources averaging 3.51% Cg per tonne for 0.65 million tonnes of contained
graphite; and the additional 13,107 metres of infill drilling in 79 holes completed in 2022 combined
with the refinement of the deposit and structural models contributed to the addition of most of the
Inferred Mineral Resources to the Indicated Mineral Resource category, relative to the 2021
Mineral Resource Estimate. The MRE assumes a US$1,098.07 per tonne graphite price and a cut-
off grade of 1.50% Cg (graphitic carbon). The independent and qualified persons for the mineral
resource estimate, as defined by NI 43 101, are Marina Iund, P.Geo. (InnovExplo Inc.), Martin
Perron, P.Eng. (InnovExplo Inc.)., Simon Boudreau, P.Eng. (InnovExplo Inc.). and Pierre Roy,
P.Eng. (Soutex Inc.). The effective date of the estimate is May 11, 2023.
The Company also holds interest in seven early -stage projects in southern Quebec, including
Ruisseau, Tremblant, Meloche, Boyd, Dieppe, North Low and Carmin, covering 328 claims in
total on 7 early- stage projects covering 18,622 hectares in the Laurentian region of Quebec and
within KZA territory.
The graphite portfolio consists of 328 claims in total on seven early-stage projects covering 18,622
hectares in southern Quebec. The grades presented below for the Laurentides graphite portfolio
were press-released on January 7 th, 2025. ( https://lomiko.com/news/lomiko-metals-encounters-up-to-
27-9-graphite-at-its-laurentides-early-stage-projects-including-the-discovery-of-four-new-zones-at-the-
ruisseau-project-spanning-over-3-kilometres-long/)
• Ruisseau –grades up to 27.9 percent carbon graphite (“% Cg”) from four distinct high grade
mineralized zones that are over 3km long;
• Meloche –grades up to 13.3% Cg from two distinct mineralized clusters;
• Tremblant –grades up to 11.6% Cg from numerous, widespread spot anomalies; and
• Dieppe –grades up to 6.82% Cg from numerous, widespread spot anomalies and a distinct
mineralized cluster.
• Boyd–8 samples grades range from 5.61% Cg to 17.10 %Cg with all samples above 5.00% Cg.
The technical content regarding the exploration results presented was reviewed by Mark Fekete,
P.Geo. who acts as an independent consultant to the Company and is the Qualified Person.
In addition to La Loutre, Lomiko has acquired claims in The Yellow Fox Property is located
approximately 10 km southwest of the Town of Glenwood NL, and south of the Trans -Canada
Highway. The Property occurs within NTS map sheets 02D/14 and 15 with excellent access along
several logging and skidder roads originating from Glenwood. The main Yellow Fox showing is
located in the central part of License 027536M, 5km from the western end of Gander Lake.
This property is on the same trend as the past -producing antimony mine Beaver Brook, which is
located 25km southwest of the property. Yellow Fox is an early- stage exploration property
prospective in antimony, gold, and silver where historic works returned samples anomalous in gold