Lomiko Metals Identifies New Multi-Element Anomalies at Yellow Fox Property in Central Newfoundland

Lomiko Metals has identified new multi-element anomalies at its Yellow Fox property in Central Newfoundland. The anomalies are comprised of multiple pathfinder elements and exhibit similar traits to the historic Yellow Fox Showing. The company plans to continue with soil sampling and geophysical surveys to better identify targets for trenching and channel sampling. Newfoundland has been named one of the top mining jurisdictions in the world, according to the Fraser Institute.

Lomiko Metals Inc. (TSX.V: LMR) has announced the identification of new multi-element anomalies at its Yellow Fox property in Central Newfoundland. The anomalies, which were discovered through a recently completed soil sampling program, are comprised of multiple pathfinder elements including gold (Au), antimony (Sb), silver (Ag), zinc (Zn), lead (Pb), arsenic (As), iron (Fe), and manganese (Mn). These anomalies exhibit similar traits to the historic Yellow Fox Showing, indicating potential for high-grade mineralization.

The soil sampling program, which included 551 samples collected along ten 250m spaced lines trending 110 degrees, highlighted several high-priority targets with a similar trend to that of mineralized vein sets at the Yellow Fox Showing. The anomalies are close to the Yellow Fox Showing and are trending roughly North-Northeast (N-NE), similar to the highly prospective regional structures.

Lomiko plans to continue with soil sampling and geophysical surveys to better define the orientation and location of high-priority targets. The next stages will include ground geophysics and surface trenching. The company is also awaiting assay results from a second phase of soil sampling conducted in July 2025, which collected 280 samples for Au and ICP analysis.

Newfoundland and Labrador have been named one of the top ten most attractive jurisdictions for mining investment by the Fraser Institute. This designation, combined with Lomiko's previous working experience in the region, makes Newfoundland highly prospective for the company's future exploration activities [1].

Lomiko Metals holds mineral interests in its La Loutre graphite development in southern Quebec and seven early-stage projects in the Laurentian region of Quebec. The company's La Loutre project has an updated Mineral Resource Estimate (MRE) that estimates 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne for 3.0 million tonnes of graphite [2].

References:
[1] https://www.fraserinstitute.org/studies/annual-survey-mining-companies-2024
[2] 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/