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Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FWB:DH8B) and joint venture partner Canada Strategic Metals has awarded Forage Val D’Or Inc. a 10,000 metre drilling contract at the La Loutre Crystalline Flake Graphite Properties in Quebec. Crews have been prospecting, detail mapping and sampling, which will be followed by building roads and drill pads at the site within the past month.
Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FWB:DH8B) and joint venture partner Canada Strategic Metals has awarded Forage Val D’Or Inc. a 10,000 metre drilling contract at the La Loutre Crystalline Flake Graphite Properties in Quebec. Crews have been prospecting, detail mapping and sampling, which will be followed by building roads and drill pads at the site within the past month.
As quoted in the press release:
After the current program is complete, the property will be assessed for a resource and if warranted, a pre-economic assessment (PEA). The primary focus is intersections which start within 15 metres of the surface as highlighted below. Viable near surface mineralization reduces the amount of waste rock that needs to be moved, reducing overall cost of the project and reducing environmental impact. The target cost per metric tonne of graphite from Canada to compete with graphite from China is under $ 800/per metric tonne USD.
Click here for the full Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FWB:DH8B) press release.
Click here for the Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FWB:DH8B) profile.
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