The Conversation (0)
Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FWB:DH8B) and Canada Strategic Metals (TSXV:CJC) have commenced exploration at the La Loutre and Lac Des Iles West Crystalline Flake Graphite Properties in Quebec. Upon completion of commitments outlined in a February 9, 2015 news release, Lomiko will own 80% interest in each property and Canada Strategic will own 20%.
As quoted in the press release:
Phase 1 of the 2015 exploration work would consist of a 5,000 meter delineation and definition diamond drilling program with NQ size core to outline potential compliant mineral resources in all categories in follow-up to the initial 2014 drill campaign which outlined graphite mineralization over a 800 meter strike length. Also, part of the program will be dedicated to test others parallel zones as a part of the exploration program. Drilling should reach a vertical depth of 150 meters, 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 up to 22.04% Carbon Flake Graphite (CFG) and Carbon Purity Test results reporting up to 100.00% Carbon Purity in the Large and Extra Large Flake Graphite categories. Drilling in 2014 (below) indicated significant near-surface mineralization. Details regarding these tests are available in a September 23, 2014 news release.
The 2014 drilling program at La Loutre was managed by Consul-Teck Exploration of Val-d’Or, Quebec, who designed the drilling campaign, supervised the program and logged and sampled the core. A full set of drill results are reported in the February 9, 2015 news release.
Click here to read the Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FWB:DH8B) press release
Click here to see the Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FWB:DH8B) profile.