Mr. Paul Gill of Lomiko Metals reports
LOMIKO METALS AND QUEBEC PRECIOUS METALS REPORT INTERCEPT OF 87.9 M OF 7.14% INCLUDING 21.0 M OF 15.48% FLAKE GRAPHITE FROM LA LOUTRE
Lomiko Metals Inc. and Quebec Precious Metals Corp. have released the
results from the first exploration diamond drill hole received from the
2019 program (see attached table)
at the Refractory zone of the La Loutre graphite project. A total of 21 holes were completed at the Refractory zone
for a total of 2,800 metres. The results from remaining 20 holes will be
reported as they are received and compiled. Lomiko currently owns 80 per cent of
"We are impressed with the size and grade of the Refractory zone. It has
exceeded our expectations," commented A. Paul Gill, chief executive officer of Lomiko.
RESULTS OF THE FIRST HOLE OF THE 2019 DRILL PROGRAM
Hole ID Mineralization
From (m) To (m) Interval (m) Cg (%)
LL-19-16 4.10 92.00 87.90 7.14
Including 70.50 91.50 21.00 15.48
132.00 160.50 28.50 3.86
The drill campaign focuses on the Refractory zone. An independent
National Instrument 43-101 --
Standards of Disclosure for Mineral Projects, technical report dated March 24, 2016, and prepared by B. Turcotte
and G. Servelle of InnovExplo Inc. of Val d'Or, Que., and O. Peters
of AGP Mining Inc., was filed for the project's
Graphene-Battery zone. The report presented a mineral resource estimate
of 18.4 million tonnes at a grade of 3.19 per cent carbon flake graphite (Cg) in the
indicated category and 16.7 million tonnes at 3.75 per cent Cg in the inferred
category using a cut-off of 1.5 per cent Cg. The project also includes several
other untested anomalies.
The drill hole intercept is approximately 450 metres southeast from high-grade
intercepts drilled in 2017: 7.74 per cent Cg over 135.6 metres,
including 16.81 per cent Cg over 44.1 metres, from LL-16- 01; and 14.56 per cent
Cg over 110.8 metres from LL-16-03. Both holes are located at the
On the basis of the available geophysical and 2016 drilling data, the
strike length of the mineralization is estimated at 900 metres in the northwest-southeast
direction and is open in both directions. A detailed interpretation of
the results will be carried out to better estimate the thickness and
strike length of the mineralized zone.
The project consists of contiguous claim blocks totalling 29 square kilometres
situated approximately 53 kilometres east of Imerys's carbon and graphite operation, formerly
known as the Timcal graphite mine, North America's only operating
graphite mine, and located 117 kilometres northwest of Montreal.
The 2019 exploration 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.
Quality assurance/quality control
Consul-Teck Exploration implemented quality assurance/quality control procedures to ensure best
practices in the 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 at a regular interval into the sample stream.
The samples, in secure and tagged bags, were delivered directly to the
analytical facility for analysis. In this case, the analytical facility
was the ALS Minerals laboratory 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 microns. All samples are analyzed for carbon graphite using the
Jean-Sebastien Lavalleie (OGQ No. 773), geologist, is a shareholder of both
companies, vice-president of exploration at Quebec Precious Metals and a qualified person under NI 43-101. Mr.
Lavalleie has reviewed and approved the technical content of this release.
We seek Safe Harbor.
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