Mr. Jean-Sebastien Lavallee of Canada Strategic reports
ONCE AGAIN LA LOUTRE DELIVERS NEAR SURFACE, WIDE GRAPHITE-BEARING ZONES WITH AN
INTERCEPT OF 4.98% GP OVER 44.80 METRES INCLUDING 9.02% GP OVER 14.70 METRES
AND 4.40% GP OVER 53.25 METRES
INCLUDING 7.46% GP OVER 15.35 METRES
Canada Strategic Metals Inc. and Lomiko Metals Inc. have released the results for five more holes of the recent drilling campaign on the La Loutre graphite project. The La Loutre property consists of contiguous claim blocks totalling approximately 2,500 hectares (25 square kilometres) situated approximately 53 km east of Imerys Graphite & Carbon, formerly known as the Timcal graphite mine, North America's only operating graphite mine, and 117 km northwest of Montreal.
The goal of the exploration program was to identify high-grade, near-surface graphite mineralization to rapidly build a resource at La Loutre project. A total of 25 holes, for a total of 3,137 metres, was drilled to test a surface graphite showing and assess the potential extension of the graphite mineralization.
The company has received the graphite assay results for five more holes, LL-14-11 to LL-14-15. All five returned wide graphite intersections with: 3.19 per cent Gp over 32.00 metres including 12.38 per cent over 2.50 metres, 3.04 per cent Gp over 5.20 metres and 1.38 per cent Gp over 3.30 metres from hole LL-14-11; 3.00 per cent Gp over 33.00 metres including 13.18 per cent Gp over 2.00 metres from hole LL-14-12; 2.74 per cent Gp over 55.60 metres including 9.60 per cent Gp over 4.30 metres from hole LL-14-13; 4.98 per cent Gp over 44.80 metres including 9.02 per cent Gp over 14.70 metres, 13.60 per cent Gp over 3.20 metres and 10.20 per cent Gp over 8.00 metres from hole LL-14-14; and 4.40 per cent Gp over 53.25 metres including 7.46 per cent Gp over 15.35 metres from hole LL-14-15. The mineralized intersections and assay results are shown in the attached table.
"The company is very pleased that all the recent drill results from its last exploration program confirm the quality and potential of the La Loutre project," said Jean-Sebastien Lavallee, chief executive officer of Canada Strategic Metals. "We are looking forward to receiving the results for the 15 other holes of the program."
The company will release the results for the remaining holes as soon as they have been received and compiled.
A map of hole localization and results is available on the website of the company.
TABLE OF MINERALIZED INTERSECTIONS FROM THE RECENT DRILLING CAMPAIGN
Hole No. From (m) To (m) Length (i)(m) Gp %
LL-14-01 18.50 39.00 20.50 1.36
69.00 81.00 12.00 1.54
LL-14-02 8.60 28.00 19.40 2.56
55.00 71.50 16.50 1.54
LL-14-03 3.00 89.50 86.50 2.55
Including 3.00 54.40 51.40 2.45
Including 59.00 75.00 16.00 5.08
LL-14-04 39.00 117.00 78.00 2.74
LL-14-05 6.65 135.00 128.35 4.72
Including 6.65 20.20 13.55 9.37
Including 104.00 130.40 26.40 8.42
LL-14-06 3.90 102.00 98.10 2.74
LL-14-07 3.30 102.00 98.70 2.12
LL-14-08 10.50 16.50 6.00 2.55
52.50 102.00 49.50 2.20
Including 72.00 102.00 30.00 2.84
Including 83.00 102.00 19.00 3.36
LL-14-09 NSV
LL-14-10 3.00 43.00 40.00 3.12
Including 35.00 41.50 6.50 6.34
Including 38.55 41.50 2.95 8.88
LL-14-11 3.00 35.00 32.00 3.19
including 31.00 33.50 2.50 12.38
86.00 91.20 5.20 3.04
107.70 111.00 3.30 1.38
LL-14-12 32.00 65.00 33.00 3.00
including 63.00 65.00 2.00 13.18
LL-14-13 5.30 60.90 55.60 2.74
including 56.60 60.90 4.30 9.60
LL-14-14 18.80 63.60 44.80 4.98
Including 18.80 33.50 14.70 9.02
Including 18.80 22.00 3.20 13.60
including 25.50 33.50 8.00 10.20
LL-14-15 3.40 56.65 53.25 4.40
including 10.20 25.55 15.35 7.46
(i) Length along the core. The company estimates the true width of the
mineralized zone at 70 to 90 per cent of the width intersected in the
drill holes.
The November, 2014, drilling program was managed by Consul-Teck Exploration of Val d'Or, Que., which designed the drilling campaign, supervised the program, and logged and sampled the core.
Consul-Teck Exploration implemented quality assurance/quality control 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 facility in Val d'Or, Que. The samples were weighed and identified prior to sample preparation. The samples were crushed to 70 per cent minus two millimetres, then separated and pulverized to 85 per cent passing 75 micrometres. All samples were analyzed for carbon graphite using C-IR18.
Jean-Sebastien Lavallee, OGQ No. 773, geologist, shareholder and chief executive officer of the company, and a qualified person under National Instrument 43-101, has reviewed and approved the technical content of this release.
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