07:22:42 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Canada Strategic Metals Inc
Symbol CJC
Shares Issued 66,157,905
Close 2015-01-06 C$ 0.06
Market Cap C$ 3,969,474
Recent Sedar Documents

Canada Strategic, Lomiko drill 35.15 m of 6.04% Gp

2015-01-07 13:27 ET - News Release

Also News Release (C-LMR) Lomiko Metals Inc

Mr. Jean-Sebastien Lavallee of Canada Strategic Metals reports

TSX-V: CJC AND TSX-V: LMR SET FLAKE GRAPHITE RESOURCE TARGETS AT LA LOUTRE AFTER THIRD INTERCEPT OF NEAR SURFACE, WIDE GRAPHITE-BEARING ZONES

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 kilometres east of Imerys Carbon & Graphite, formerly known as the Timcal graphite mine, North America's only operating graphite mine, and 117 kilometres northwest of Montreal.

"To be economically viable, La Loutre must be able to deliver one million tonnes of greater than 94 per cent purity graphite," said Jean-Sebastien Lavallee, chief executive officer of Canada Strategic Metals. "To achieve this, the minimum resource must be 20 million tonnes of 5 per cent Gp. We have a good location near the Imerys Carbon & Graphite mine. Setting high standards is required to stand out in the current and future graphite market. In addition, we would like to define material greater than 99.99 per cent to be base material for testing the conversion of graphite to ultrapure carbon and graphene for use in 3-D printing and supercapacitors."

  • The potential quantity and grade are conceptual in nature, and states the basis on which the disclosed potential quantity and grade have been disseminated; there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource;
  • In the conversion process from graphite to graphene, natural graphite flakes are oxidized and turned into graphene oxide (GO) by modified Hummer's method. As the result, a stable aqueous dispersion with concentration is obtained. Further, the GO is then converted into reduced graphene oxide (RGO). Starting with a pure raw material prevents impurities that affect the quality of the resulting graphene.

The goal of the exploration program was to identify high-grade, near-surface graphite mineralization to rapidly build a resource at the 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-14-16 to LL-14-20. All five returned wide graphite intersections with: 3.06 per cent Gp over 21 metres from hole LL-14-16; 6.52 per cent Gp over 14.2 metres and 2.24 per cent Gp over 35 metres from hole LL-14-17; 3.79 per cent Gp over 20.9 metres from hole LL-14-18; 5.36 per cent Gp over 12.4 metres including 15.65 per cent Gp over 2.4 metres, 6.64 per cent Gp over 22.7 metres, including 11.18 per cent Gp over 10.65 metres and 4.55 per cent Gp over 9.65 metres from hole LL-14-19, and 5.14 per cent Gp over 3.7 metres and 6.04 per cent Gp over 35.15 metres from hole LL-14-20. The mineralized intersections and assay results are shown in the attached table.

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 Canada Strategic Metals.

       MINERALIZED INTERSECTIONS FROM THE RECENT DRILLING CAMPAIGN

Hole No.                From (m)         To (m)    Length (m)(i)       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
LL-14-16                   3.00          24.00            21.00         3.06
LL-14-17                   3.70          17.90            14.20         6.52
                          82.50         117.50            35.00         2.24
LL-14-18                   4.10          25.00            20.90         3.79
LL-14-19                   3.00          15.40            12.40         5.36
Including                 13.00          15.40             2.40        15.65
                          37.30          60.00            22.70         6.64
Including                 38.35          49.00            10.65        11.18
                          66.00          75.65             9.65         4.55
LL-14-20                  23.40          27.10             3.70         5.14
                          34.85          70.00            35.15         6.04

(i) Length along the core. The company estimates the true width of the      
mineralized zone at 70 per cent 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 are weighed and identified prior to sample preparation. The samples are 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.

Mr. Lavallee (OGQ No. 773), geologist, shareholder and CEO of the company, and a qualified person under National Instrument 43-101, has reviewed and approved the technical content of this release.

© 2024 Canjex Publishing Ltd. All rights reserved.