11:26:38 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Canada Strategic Metals Inc
Symbol CJC
Shares Issued 70,939,155
Close 2015-09-30 C$ 0.03
Market Cap C$ 2,128,175
Recent Sedar Documents

Cda Strategic, Lomiko drill 117.75m of 4.05% Gp in Que.

2015-10-01 13:35 ET - News Release

Also News Release (C-LMR) Lomiko Metals Inc

Mr. Jean-Sebastien Lavallee reports

CANADA STRATEGIC AND LOMIKO DRILL 15.30 M OF 10.54% AND 117.75 M OF 4.05% FLAKE GRAPHITE IN THE GRAPHENE-BATTERY ZONES AT LA LOUTRE

Canada Strategic Metals Inc. and Lomiko Metals Inc. have released results for seven infill holes in the newly named Graphene-Battery zones, where high-grade samples were discovered and reported July 29, 2015. Three zones known as Graphene, Battery and Refractory have been identified to date. So far, a total of 19 holes have been reported for the drilling campaign; holes 1 to 11 in the Refractory zone were reported Sept. 24, 2015.

The La Loutre property consists of contiguous claim blocks totalling approximately 2,867.29 hectares (28.67 square kilometres) 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.

A map of hole localization and results is available on the company's website.

        HIGHLIGHTED REFRACTORY ZONE RESULTS REPORTED SEPT. 24, 2015

Hole                       From             To         Length(i)          Gp
                             (m)            (m)            (m)            (%)

LL-15-01                   5.90          11.35           5.45          11.65
LL-15-02                   4.35           9.60           5.25          14.76
Including                  4.35           8.60           4.25          17.69
LL-15-04                   4.75          12.50           7.75           7.25
LL-15-09                 116.25         207.00          90.75           9.00
Including                136.50         199.30          62.80          11.88

(i) Length along the core. The company doesn't have enough information to
estimate the true width of the mineralized zone intersected in the drill
holes.

       TABLE OF MINERALIZED GRAPHENE-BATTERY ZONE INTERSECTIONS

Hole                      From             To         Length(i)      Gp
                            (m)            (m)            (m)        (%)

LL-15-12                  3.00          51.00          48.00       2.49  
LL-15-13                 57.70         145.65          87.95       2.50                 
                        160.00         165.60           5.60       1.52
LL-15-14                 75.40         193.15         117.75       4.05                 
                        195.15         196.30           1.15       5.83               
                        201.15         207.15           6.00       1.46               
                        243.40         247.90           4.50       2.55
LL-15-15                  2.20         130.25         128.05       3.47                 
Including                 2.20          19.80          17.60       4.87               
Including                28.70          38.75          10.05       9.97
LL-15-16                  3.70         100.30          96.60       3.74                 
Including                 3.70          19.00          15.30      10.54  
LL-15-17                  2.80         110.50         107.70       2.87                 
Including                 2.80          17.00          14.20       4.62                
Including               105.15         110.50           5.35      11.36
LL-15-18                  1.80          15.00          13.20       2.07               
                         15.00          18.00           3.00  Lost core               
                         18.00          75.00          57.00       2.08
LL-15-19                 84.00         179.00          95.00       3.70                 
Including                85.25          95.00           9.75       9.42               
Including               175.00         179.00           4.00      16.86

(i) Core length; the company estimates the true width of the 
mineralized zone at 70 to 95 per cent of the core length.

The 2015 drilling program is 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 passing 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, a shareholder of both companies, president and chief executive officer of the Canada Strategic, 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.