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Vancouver, British Columbia and Montreal, Quebec–(Newsfile Corp. – Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FSE:DH8B) , has recently announced a financing round to support drilling and complete the acquisition of the La Loutre and Lac Des Iles Flake Graphite Property. Lomiko is currently awaiting drill permits to be issued to start drilling based on funds already raised earlier in the year.
Vancouver, British Columbia and Montreal, Quebec–(Newsfile Corp. – Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FSE:DH8B) , has recently announced a financing round to support drilling and complete the acquisition of the La Loutre and Lac Des Iles Flake Graphite Property. Lomiko is currently awaiting drill permits to be issued to start drilling based on funds already raised earlier in the year.
On February 9th, 2016, Lomiko Metals and Canada Strategic announced resource for the La Loutre Flake Graphite Property of 18.4 M Tonnes of 3.19% Indicated and 16.7 M Tonnes at 3.75% Flake Graphite Inferred with a cut-off of 1.5%. The sensitivity table features 4.1 M Tonnes of 6.5% Indicated and 6.2 M Tonnes at 6.1% Flake Graphite Inferred with a cut-off of 3%. The Resource is calculated on the Graphene-Battery Zone only and does not include recent high grade intercepts of 28.5 Metres of 16.53% Cg and 21.5 Metres of 11.53% Cg reported January 6, 2016 and 9% over 90.75 metres reported September 24th 2015 from the Refractory Zone.
“The Properties are located close to the Imerys Carbon and Graphite Mine and benefits from similar infrastructure advantages and similar flake graphite grade, deposit size and near surface mineralization amenable to low cost, small footprint extraction. All of these elements make this an excellent candidate for a positive Pre-Economic Assessment.”, stated A. Paul Gill, CEO, Lomiko Metals Inc., “Additional resource definition in the Refractory Zone will bolster the PEA.”
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