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Lomiko Metals Inc.
Summary
| Project: | La Loutre | |
|---|---|---|
| Deposit: | Refractory Zone | |
| Location: | Canada | |
| Commodities: | Graphite | |
| Date: | 1/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 17-1-2017: Lomiko Metals Inc. announces an Exploration/Drilling Update report for its Refractory Zone deposit at the La Loutre project. JV with Canada Strategic Metals - drill results incl. 110.8m @ 14.56% Gp. Vancouver, B.C and Montreal, Quebec January 1 | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jean-Sebastien Lavallee (Internal) | |
| ABSTRACT: | Vancouver, B.C and Montreal, Quebec January 17, 2017– Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMD/LMRMF, FSE: DH8C/DH8B) and Canada Strategic Metals Inc. (“Strategic Metals””) (TSX.V: CJC; FSE: YXEN; OTC-BB: CJCFF) are very pleased to announce high grade graphite results from the near surface Refractory zone at the La Loutre project of 7.74% graphite over 135.60 metres including 16.81% graphite over 44.10 metres from hole LL-16-01, two different intersection in hole LL-16- 02 reporting 17.08% graphite over 22.30 metres and 14.80% graphite over 15.10 metres and 110.80 metres of 14.56% Graphite in Hole LL-16-03. The table below is showing the results from infill drilling from Hole LL-16-01, LL-16-02 and LL-16-03 and previous results from 2015. A map of drill holes can be found under the heading Quicklinks: Drill Map. As further results are received, the drill map of the Refractory Zone will be updated. In December 2016, the companies completed a1550 M drill program of 10 holes in the Refractory Zone and will release holes LL-16-04 to LL-16-10 as results are received and compiled. “Our goal is to deliver a world class graphite resource at La Loutre. Today's excellent results for the first two of ten drill holes has delivered even better results than last year. Each drill hole provides better definition of the property's potential and bolsters the case for a top tier pre-economic assessment.”, stated A. Paul Gill, CEO of Lomiko Metals Inc. | |
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