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Lomiko Metals Inc.
Summary
| Project: | La Loutre | |
|---|---|---|
| Deposit: | Refractory Zone | |
| Location: | Canada | |
| Commodities: | Graphite | |
| Date: | 2/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 15-2-2017: Lomiko Metals Inc. announces an Exploration/Drilling Update report for its Refractory Zone deposit at the La Loutre project. JV with Canada Strategic Metals - drilling results incl. 85m @7.67% Gp from 54m. Lomiko Metals Inc. (“Lomiko”) (TSX-V: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jean-Sebastien Lavallee (Internal) | |
| ABSTRACT: | Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C/DH8B) and Canada Strategic Metals Inc. (“Strategic Metals””) (TSX.V: CJC; FSE: YXEN; OTC-BB: CJCFF) are very pleased to announce additional high grade graphite results from the Refractory zone at the La Loutre project of 7.67% flake graphite (Cg) over 85 metres including 13.09% graphite over 31.50 metres from hole LL-16-06. The area of mineralization appears to be 200 metres wide, have a current strike length of over 400 metres in a north-west to south east direction and is open in both directions. “The current drilling program is providing an opportunity to expand the size of the Refractory Zone to find the best opportunity to define our proposal for a low footprint, open pit operation”, stated A. Paul Gill, CEO of Lomiko Metals Inc. The La Loutre property consists of contiguous claim blocks totalling approximately 2,867.29 hectares (28,67 km2 ) situated approximately 53 km east of Imerys Carbon and Graphite, formerly known as the Timcal Graphite Mine, North America’s only operating graphite mine, and 117 km northwest of Montreal. The 2016 drilling program is managed by Consul-Teck Exploration of Val-d'Or, Quebec, who designed the drilling campaign, supervised the program and logged and sampled the core. | |
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