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Canada Strategic Metals Inc
Symbol CJC
Shares Issued 70,439,155
Close 2015-07-20 C$ 0.04
Market Cap C$ 2,817,566
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Lomiko, Cda Strategic hire contractor for drill program

2015-07-21 12:20 ET - News Release

See News Release (C-LMR) Lomiko Metals Inc

Mr. Paul Gill of Lomiko reports

LOMIKO HIRES DRILLING COMPANY FOR LA LOUTRE CRYSTALLINE FLAKE GRAPHITE PROPERTY FOR RESOURCE ASSESSMENT

Lomiko Metals Inc. and Canada Strategic Metals Inc. have awarded Forage Val D'Or Inc. the contract for an up-to-10,000-metre drilling program at the La Loutre crystalline flake graphite property located in Quebec. Over the past month since exploration began, crews have been prospecting, detail mapping and sampling, which will be followed by building roads and drill pads at the site.

"Flake graphite has unique characteristics that makes it a better conductor of electricity and heat than copper," stated A. Paul Gill. "It will have an expanding role in a new green economy in new batteries, lighting, lubricants, printable electronics and in the nuclear industry."

Jumbo flake graphite from La Loutre property

The 2014 drilling program at La Loutre was managed by Consul-Teck Exploration of Val d'Or, Que., who designed and will oversee the 2015 drilling campaign. The full set of drill results was reported in the Feb. 9, 2015, news release.

After the current program is complete, the property will be assessed for a resource and if warranted, a pre-economic assessment (PEA). The primary focus is intersections which start within 15 metres of the surface. 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. The target cost per metric tonne of graphite from Canada to compete with graphite from China is under $800 (U.S.)/per metric tonne. The La Loutre property reported grab samples up to 22.04 per cent carbon flake graphite and carbon purity test results reporting up to 100.00 per cent carbon purity in the large and extralarge flake graphite categories. Details regarding these tests are available in a Sept. 23, 2014, news release.

Jean-Sebastien Lavallee (OGQ No. 773), geologist, shareholder and a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

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