Lomiko Metals & Canada Strategic Metals Complete La Loutre Drill Program

 
Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FSE:DH8B) and Canada Strategic Metals Inc. have completed a 1,550-metre drill program of 10 holes in the new Refractory zone at the La Loutre flake graphite property. On Feb. 9, 2016, Lomiko Metals and Canada Strategic announced a resource for the La Loutre flake graphite property of 18.4 million tonnes of 3.19 per cent indicated and 16.7 million tonnes at 3.75 per cent flake graphite inferred with a cut-off of 1.5 per cent. The sensitivity table also features 4.1 million tonnes of 6.5 per cent indicated and 6.2 million tonnes at 6.1 per cent flake graphite inferred with a cut-off of 3 per cent. The resource is calculated on the Graphene-Battery zone only, and does not include any previous or current holes in the new Refractory zone.
The La Loutre property consists of contiguous claim blocks totalling approximately 2,867.29 hectares (28.67 square kilometres) situated approximately 53 kilometres east of the Imerys carbon and graphite mine, formerly known as the Timcal graphite mine, North America’s only operating graphite mine, and 117 kilometres northwest of the international port of Montreal, key to shipping to North America and Europe. The Lac des Iles property is directly west of the Imerys graphite mine. Lomiko is currently completing the second option to acquire 80 per cent of the La Loutre and Lac des Iles properties, which requires $580,000 work expenditure between La Loutre property and other Canada Strategic properties.
The La Loutre resource is constrained within a drilled area of approximately 900 metres along the N150degree-striking trend of the graphitic paragneiss, 250 metres across the strike and 225 metres below surface. Geological interpretation and estimation were based on 62 NQ drill holes (totalling 8,193.3 metres) drilled by Lomiko and Canada Strategic Metals in 2014 and 2015.
Qualified persons
Jean-Sebastien Lavallee (OGQ No. 773), geologist, is a shareholder of both companies, president and chief executive officer of the Canada Strategic, and a qualified person under National Instrument 43-101, who has reviewed and approved the technical content of this release.
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