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Lomiko Metals Inc (2)
Symbol C : LMR
Shares Issued 75,005,191
Close 2019-03-19 C$ 0.065
Recent Sedar Documents

Lomiko, Quebec Precious complete 21 holes at La Loutre

2019-03-19 11:48 ET - News Release

Mr. Paul Gill reports

LOMIKO COMPLETES DRILLING TO EXPAND LA LOUTRE HIGH-GRADE REFRACTORY ZONE AND REPORTS WIDE INTERCEPTS OF GRAPHITE IN MULTIPLE DRILL HOLES

Lomiko Metals Inc. and Quebec Precious Metals Corp. have completed a 21-hole diamond drilling program at the Refractory zone of the La Loutre graphite property.

"Our exploration team reports graphitic zones in multiple drill holes," commented A. Paul Gill, chief executive officer of Lomiko Metals. "It is very encouraging to visually observe intercepts of graphitic material. We look forward to receiving assays in three weeks and then advancing the high-grade Refractory zone to resource estimation stage."

The focus of the program was to expand a discovery announced on March 7, 2017, and reviewed on March 7, 2019, containing high-grade intercepts of 7.74 per cent carbon graphite over 135.6 metres, including 16.81 per cent Cg over 44.1 metres from hole LL-16-001, two different intersections in hole LL-16-002 reporting 17.08 per cent Cg over 22.3 metres and 14.8 per cent Cg over 15.1 metres, and 110.8 metres of 14.56 per cent Cg in hole LL-16-003, as well as the 28.5 metres of 16.53 per cent Cg and 21.5 metres of 11.53 per cent Cg reported on Jan. 6, 2016, and 9 per cent over 90.75 metres reported on Sept. 24, 2015, from the Refractory zone.

The area of mineralization appears to be 200 metres wide and now has a current strike length of approximately 900 metres in the west-southwest-to-east-northeast direction. The area of mineralization is open in both directions.

The attached table provides the drilling results from LL-16-001 to LL-16-010.

      2016 DRILL RESULTS -- LL-16-001 TO LL-16-010 
                  FROM REFRACTORY ZONE
 
Hole          From (m)    To (m)    Length (m)    Cg (%)

LL-16-001        3.90    139.50        135.60      7.74  
Including        3.90     48.00         44.10     16.81 
Including      135.00    138.00          3.00     14.85 
LL-16-002        3.90     26.20         22.30     17.08 
Including       113.9    129.00         15.10     14.80 
LL-16-003       30.20    141.00        110.80     14.56 
LL-16-004              No significant values            
LL-16-005       55.80     57.40          1.60     13.35 
LL-16-06        54.00    141.00         85.00      7.67  
Including      109.50    141.00         31.50     13.09 
LL-16-007       52.50    115.80         63.30      8.51  
Including       69.00     85.50         16.50     15.75 
LL-16-008      109.50    121.50         12.00      3.91  
LL-16-009              No significant values            
LL-16-010       31.20     45.00         13.80      4.14  
                72.00    147.00         75.00      4.60  

The property consists of contiguous claim blocks totalling approximately 28.67 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, located 117 kilometres northwest of Montreal.

Jean-Sebastien Lavallee (OGQ No. 773), geologist, is a shareholder of both companies, vice-president of exploration of Quebec Precious Metals and a qualified person under National Instrument 43-101. Mr. Lavallee has reviewed and approved the technical content of this release.

We seek Safe Harbor.

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