2025 Spring Filed program Highlights:
- New high-priority multi-element targets identified.
- Anomalies trending roughly the same orientation as Yellow Fox Showing.
- Anomalies discovered are close to Yellow Fox Showing.
- Soil sampling program successfully targeted south of Yellow Fox, showing 59.413 g/t gold and areas of increased density of interpreted structures.
- 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.
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 highlighted 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. 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.
