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Exploration Begins at the La Loutre and Lac Des Iles West Crystalline Flake Graphite Properties
VANCOUVER, BC & MONTREAL, QC / ACCESSWIRE / June 15, 2015 / LOMIKO METALS INC. (TSX Vent...
About this update from Lomiko Metals Inc.
[{"type":"text","content":"Exploration Begins at the La Loutre and Lac Des Iles West Crystalline Flake Graphite PropertiesVANCOUVER, BC & MONTREAL, QC / ACCESSWIRE / June 15, 2015 / LOMIKO METALS INC. (TSX Venture: LMR) (OTCQX: LMRMF) (FSE: DH8B.F) (the \"Company\") and Canada Strategic Metals (TSXV: CJC) are pleased to announce that they have started exploration at the La Loutre and Lac Des Iles West Crystalline Flake Graphite Properties located in Quebec. After completion of commitments outlined in a February 9, 2015 news release, Lomiko would own 80% interest in each property and Canada Strategic would own 20%. Lomiko is fully funded to complete its 2015 work program.The La Loutre Property consists of 1 large contiguous block of 42 mineral claims totalling 2,508.97 hectares (25.09 km2) located approximately 53 km Southeast of Imerys Carbon and Graphite Lac des Iles graphite mine, 117 km northwest of Montréal in southern Québec.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.Highlighted Drill Results From La LoutreImage: https://www.accesswire.com/uploads/ACCESSWIRE%206-15%201a.jpg *Length along the core. The Company estimates the true width of the mineralized zone at 70 to ...