Mr. Jean-Sebastien Lavallee of Canada Strategic reports
TSX-V: CJC AND TSX-V: LMR RECENT RESULTS CONFIRM GRAPHITE MINERALIZATION OVER 800 METERS AT LA LOUTRE WITH INTERCEPTS OF 8.01% OVER 20.3 METRES, 11.23% OVER 10.7 METRES AND 10.3% GP OVER 7 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 kilometres east of Imerys's carbon and graphite mine, formerly known as the Timcal graphite mine, North America's only operating graphite mine, and 117 kilometres northwest of Montreal.
"The first drilling campaign on La Loutre property has been successful. We have identified a graphite mineralized zone over 800 metres length, up to 100 metres wide and more than 100 metres depth. This is significant milestone in achieving our objective of rapidly establish[ing] mineral resources at La Loutre. In addition, we have a good location near Imerys's carbon and graphite mine," said Jean-Sebastien Lavallee, chief executive officer of Canada Strategic Metals.
A total of 25 holes, for a total of 3,137 metres, were drilled to test a surface graphite showing and assess the potential extent of the graphite mineralization.
The company has received the graphite assay results for last five holes from recent La Loutre drilling, LL-14-21 to LL-14-25. All five returned wide graphite intersections with: 8.01 per cent Gp over 20.3 metres and 5.91 per cent Gp over 15.5 metres from hole LL-14-21; 2.78 per cent Gp over 66 metres from hole LL-14-22; 3.48 per cent Gp over 136.5 metres, including 6.43 per cent Gp over 4.65 metres, 11.23 per cent Gp over 10.7 metres and 10.3 per cent Gp over seven metres, from hole LL-14-23; 7.73 per cent Gp over 18.15 metres, including 13.15 per cent Gp over 5.3 metres, and 2.74 per cent Gp over 99.75 metres, including 8.68 per cent Gp over 3.1 metres and 11.99 per cent Gp over 4.5 metres, from hole LL-14-24; and 3.13 per cent Gp over 83.25 metres, including 10.94 per cent Gp over 3.75 metres, from hole LL-14-25. The mineralized intersections and assay results are shown in the attached table.
A map of hole localization and results are available on the Canada Strategic Metals website.
MINERALIZED INTERSECTIONS FROM
THE RECENT DRILLING CAMPAIGN
Hole No. From To Length(i) Gp
(m) (m) (m) (%)
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
LL-14 -21 15.3 35.6 20.3 8.01
59.9 75.4 15.5 5.91
LL-14-22 63 129 66 2.78
LL-14-23 25.5 162 136.5 3.48
including 25.5 30.15 4.65 6.43
including 55.3 66 10.7 11.23
including 155 162 7 10.3
LL-14-24 14.1 32.25 18.15 7.73
including 14.1 19.4 5.3 13.15
73 172.75 99.75 2.74
including 73.95 77.05 3.1 8.68
including 167 171.5 4.5 11.99
216.55 218.6 2.05 3.5
224.15 229 4.85 2.16
274 291 17 1.24
LL-14-25 69.75 153 83.25 3.13
including 69.75 73.50 3.75 10.94
179.00 189.50 10.5 2.95
229.50 246.50 17 1.40
274.55 280.50 5.95 2.68
(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 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 microns. All samples are 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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