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by Will Purcell

The critical and specialty minerals stocks box score was a bright 121-64-125 on Wednesday as the TSX Venture Exchange fell seven points to 1,090. Gordana Slepcev's Lomiko Metals Inc. (LMR) added 1.5 cents to 15.5 cents on 810,000 shares. Lomiko has been promoting its La Loutre graphite project for what seems like forever -- or at least for the past dozen years that have passed since it began gnawing chunks of the project away from its former owner -- now a former company -- Canada Strategic Metals Inc.

Still, La Loutre may sit a while longer: Lomiko is now seated on the rare earth elements bandwagon. Lomiko picked up an option a year ago on the Yellow Fox antimony property, just west-northwest of Gander in north-central Newfoundland. This week, the company gleefully touted sampling assays from the project, doing so without mentioning antimony until blathering its way deep into the boilerplate accompanying the news.

Seven old soil samples were retested for rare earth elements and all yielded varying amounts of both light and the more desirable heavy elements. The best sample averaged 0.52 per cent rare earth elements -- these are soil samples remember -- and a second test came close. The results were sufficient that Lomiko cheers the results as pointing to a new potential rare earth discovery with "highly anomalous" values -- an oxymoron that loosely translates to "low grades" -- of neodymium and praseodymium. As for the dysprosium grades, well, they were merely "elevated."

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