Mr. Paul Gill of Lomiko Metals reports
EXPLORATION BEGINS AT THE LA LOUTRE AND LAC DES ILES WEST CRYSTALLINE FLAKE GRAPHITE PROPERTIES
Lomiko Metals Inc. and Canada Strategic Metals Inc. have started exploration at the La Loutre and Lac Des Iles West crystalline flake graphite properties located in Quebec. After completion of commitments outlined in a Feb. 9, 2015, news release, Lomiko would own an 80-per-cent interest in each property and Canada Strategic would own 20 per cent. Lomiko is fully financed to complete its 2015 work program.
The La Loutre property consists of one large contiguous block of 42 mineral claims totalling 2,508.97 hectares (25.09 square kilometres) located approximately 53 kilometres southeast of Imerys Carbon & Graphite's Lac des Iles graphite mine, and 117 kilometres northwest of Montreal in Southern Quebec.
Phase I of the 2015 exploration work will consist of a 5,000-metre delineation and definition diamond drilling program with NQ-size core to outline potential compliant mineral resources in all categories as a follow-up to the initial 2014 drill campaign, which outlined graphite mineralization over an 800-metre strike length. Also, part of the program will be dedicated to test other parallel zones as part of the exploration program. Drilling should reach a vertical depth of 150 metres, the rule of thumb physical depth limit of a standard open pit.
Of particular interest is an area of the La Loutre property which reported grab samples of up to 22.04 per cent carbon flake graphite (CFG), and carbon purity test results reporting up to 100-per-cent carbon purity in the large and extra large flake graphite categories. Drilling in 2014 indicated significant near-surface mineralization. Details regarding these tests are available in a Sept. 23, 2014, news release.
The 2014 drilling program at La Loutre 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. A full set of drill results are reported in the Feb. 9, 2015, news release.
HIGHLIGHTED DRILL RESULTS FROM LA LOUTRE
Hole No. From (m) To (m) Length (m)* Gp (%)
LL-14-05 6.65 135.00 128.35 4.72
LL-14-15 3.40 56.65 53.25 4.40
LL-14-17 3.70 17.90 14.20 6.52
LL-14-19 3.00 15.40 12.40 5.36
LL-14-21 15.3 35.6 20.3 8.01
LL-14-24 14.1 32.25 18.15 7.73
*Length along the core.
The company estimates that the true width of the mineralized zone is 70 to 90 per cent of the width intersected in the drill holes. Consul-Teck Exploration implemented QA/QC (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 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 micron. All samples are analyzed for carbon graphite using C-IR18.
The Lac des Iles West property consists of one large contiguous block of 104 mineral claims totalling 5,601.3 hectares (56.01 square kilometres) that borders the western limit of the Imerys Lac Des Iles property, which is the location of the Imerys Carbon & Graphite mine and processing facility. The property is close to the town of Mont-Laurier 150 kilometres northwest of Montreal in Southern Quebec. The Phase I exploration work will consist of prospecting, mapping and sampling, with a focus to determine the strike length of the graphitic mineralization outlined during the 2012 prospecting program by Canada Strategic, and a magnetic-electromagnetic survey on the entire property. Once the strike length is validated with the graphite-bearing bedrock grab samples, the surface mineralization and matching conductors will be drill tested, and assayed to a vertical depth of minus 100 metres, with preliminary metallurgical testing of the graphite-bearing drill core if the program reports results of merit for a drilling program.
Jean-Sebastien Lavallee (OGQ No. 773), geologist, and a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release. For more information, review the Lomiko website or contact A. Paul Gill at 604-729-5312.
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