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Lomiko Metals Inc.
Summary
| Project: | La Loutre | |
|---|---|---|
| Deposit: | Refractory Zone | |
| Location: | Canada | |
| Commodities: | Graphite | |
| Date: | 2/5/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 5-2-2020: Lomiko Metals Inc. announces an Exploration/Drilling Update report for its Refractory Zone deposit at the La Loutre project. Drilling results incl. 103.50m @ 9.89% Cg from 109.50m. (Vancouver, British-Columbia and Montreal, Quebec) February 5, 2 | |
| Resources: | (Resource): 18.4Mt @ 3.19% Cg (Ind.) and 16.7Mt @ 3.75% Cg (Inf.) | |
| CP/QP: | [Overall Report]: Jean-Sebastien Lavallee (Internal) | |
| ABSTRACT: | (Vancouver, British-Columbia and Montreal, Quebec) February 5, 2020 - Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) (Lomiko or the “Company”) is pleased to announce plans to move forward with assessment and development of the La Loutre Property for 2020. Results from the 2019 program (see Table 1 below, and Figure 1) at the Refractory Zone of the La Loutre graphite project (the “Project”) indicate considerable promise. A total of 21 holes were completed in 2019 on the Refractory Zone for a total of 2,985 metres. The Project is owned by Lomiko (80%) and Quebec Precious Metals Corporation (20%). “La Loutre has proven to be a large and high-grade area worthy of further investment.” stated A. Paul Gill, CEO. “The only operating graphite mine in North America is the Imerys Graphite & Carbon at Lac-des-Îles, 53 km northwest of La Loutre which reported Proven reserves of 5.2 M Tonnes at a grade of 7.42 % Cg in July 1988 before the start of production.” (reference: Potentiel de la minéralisation en graphite au Québec, N’Golo Togola, MERN, page 31, Conférence Québec Mines, November 24 2016). | |
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