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Canada Strategic Building a Resource at La Loutre: CEO Jean-Sebastien Lavallee
CEO Jean-Sebastien Lavallee discusses what Canada Strategic Metals is up to at the La Loutre graphite project. The company is also planning to restart drilling at the Sakami gold project in 2015.
Canada Strategic Metals (TSXV:CJC) has a large portfolio of graphite projects in Quebec, but recently its focus has been La Loutre. It’s a contiguous block of 42 mineral claims about 53 kilometers east of Timcal’s Lac des Iles graphite mine, and Canada Strategic has released a slew of drill results from the property over the last few months.
To find out more about what the company is up to there, Resource Investing News spoke with CEO Jean-Sebastien Lavallee at Cambridge House International’s 2015 Vancouver Resource Investment Conference. He explained that the company has so far drilled 25 holes at La Loutre, with 24 of them holding “very wide graphite mineralization with interesting grades, between 3 to 5 percent, but also including other zones up to 15 percent.” Ultimately, the goal is to “build a resource close to surface at economic grades,” and a preliminary economic assessment may be released by the end of 2015.
The company is also planning to restart drilling at the Sakami gold project in 2015. The company, along with Matamec Explorations (TSXV:MAT,OTCQX:MHREF), just received a drill permit for 38 sites there.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Canada Strategic Metals is a client of the Investing News Network. This article is not paid-for content.