LOMIKO METALS INC. January 6, 2016
"High Grade material in a large, near surface mineralized system such as La Loutre is a very positive indicator for the viability of a future mining operation", stated A. Paul Gill, CEO Lomiko Metals Inc.
Hole # | From (m) | To (m) | Length* Gp (m) % | |
LL-15-49 | 100.00 | 106.00 | 6.00 | 5.00 |
143.50 | 175.00 | 31.50 | 2.79 | |
LL-15-50 | 2.20 | 48.45 | 46.25 | 5.43 |
including | 5.80 | 9.75 | 3.95 | 17.95 |
including | 42.70 | 46.95 | 4.25 | 15.56 |
LL-15-51 | 4.20 | 37.50 | 33.30 | 14.62 |
including | 9.00 | 37.50 | 28.50 | 16.53 |
91.55 | 122.50 | 30.95 | 8.18 | |
including | 91.55 | 98.50 | 6.95 | 18.31 |
including | 115.00 | 122.50 | 7.50 | 9.61 |
LL-15-52 | 64.65 | 111.80 | 47.15 | 4.42 |
including | 109.00 | 111.80 | 2.80 | 17.28 |
LL-15-53 | NSV | |||
LL-15-54 | NSV | |||
LL-15-55 | 7.50 | 13.50 | 6.00 | 1.13 |
130.35 | 134.15 | 3.80 | 3.82 | |
* Length along the core. The Company doesn't have enough information to estimates the true width of the mineralized zone intersected in the drill holes
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 property will now be assessed for a resource. Viable near surface mineralization reduces the amount of waste rock that needs to be moved, reducing overall cost of the project and reducing environmental impact.
In addition, Lomiko hopes to define material >99.99% Graphite Crystalline Flake to serve as the base material for testing graphite for the ultrapure carbon market and for conversion to graphene and use in 3D Printing and Supercapacitors.
A map of hole localisation and results is available on the web site of the Company at: www.csmetals.ca and www.lomiko.com under the Quicklinks tab.
The 2015 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.
The samples in secure tagged bags were delivered directly to the analytical facility for analysis. In this case, the analytical facility was the ALS minerals in Val-d'Or, Quebec. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and pulverized to 85% passing 75µm. All samples are analyzed for Carbon Graphite using C-IR18.
Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder of both companies, President and Chief Executive Officer of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.
For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: info@lomiko.com
On Behalf of the Board
"A. Paul Gill"
Chief Executive Officer
We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Lomiko Metals Inc. issued this content on 2016-01-06 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-06 17:20:32 UTC
Original Document: http://www.lomiko.com/public/files/news/Canada Strategic NR 01-06-2016.pdf
