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Lomiko Metals Inc.
Summary
| Project: | La Loutre | |
|---|---|---|
| Deposit: | Refractory Zone | |
| Location: | Canada | |
| Commodities: | Graphite | |
| Date: | 3/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 7-3-2017: 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. 110.80m @ 14.56% 30.20m. 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, OTCQB: LMRMF, FSE: DH8C) and Canada Strategic Metals Inc. (“Strategic Metals””) (TSX.V: CJC; FSE: YXEN; OTC Pink: CJCFF) are very pleased to announce additional high grade graphite results from the Refractory zone at the La Loutre project. 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. In December 2016, the companies completed a1550 M drill program of 10 holes in the Refractory Zone. “The current drilling program has resulted in a major discovery of near surface, flake graphite. This provides us the 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. Consul-Teck Exploration implemented QA/QC procedures to ensure best practices in sampling and analysis of the core samples. The drill core was logged and then split, with one half sent for assay and the other retained in the core box as a witness sample. Duplicates and blanks were inserted regularly into the sample stream. | |
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