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Lomiko Metals and Quebec Precious Metals Report Intercept of 87.9 m of 7.14% Including 21.0 m of 15.48% Flake Graphite from La Loutre
VANCOUVER, British Columbia & MONTREAL--(BUSINESS WIRE)--Lomiko Metals Inc. (TSX-V:LMR, OTC:LMRMF, FSE:DH8B) (Lomiko or the “Company”) and Quebec Precious Metal
About this update from Lomiko Metals Inc.
[{"type":"text","content":"VANCOUVER, British Columbia & MONTREAL--(BUSINESS WIRE)--Lomiko Metals Inc. (TSX-V:LMR, OTC:LMRMF, FSE:DH8B) (Lomiko or the “Company”) and Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEN, OTC-BB: CJCFF) (“QPM”) are pleased to announce the results from the first exploration diamond drill hole received from the 2019 program (see Table 1 below, and Figure 1) at the Refractory Zone at the La Loutre graphite project (the “Project”). A total of 21 holes were completed on the Refractory Zone for a total of 2,800 metres. Results from remaining 20 holes will be reported as they are received and compiled. Lomiko currently owns 80% of the Project. “We are impressed with the size and grade of the Refractory Zone. It has exceeded our expectations.”, stated A. Paul Gill, CEO of Lomiko. Table 1: Results of the first hole of the 2019 drill program. The width is drill indicated core length. Hole ID UTM E UTM N Azimuth Dip Mineralization Cg % From (m) To (m) Interval (m) LL-19-16 499851 5097829 66.50 -50.00 4.10 92.00 87.90 7.14 including 70.50 91.50 21.00 15.48 132.00 160.50 28.50 3.86 The drill campaign focuses on the Refractory Zone. An independent technical report in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects, prepared by B. Turcotte and G. Servelle of InnovExplo Inc. from Val-d’Or, Québec, and O. Peters, of AGP Mining Inc., dated March 24, 2016, was filed for the Project’s Graphene-Battery Zone. The report presented a mineral resource estimate of 18.4 M Tonnes at a grade of 3.19% carbon flake graphite (“Cg”) in the Indicated category and 16.7 M Tonnes at 3.75% Cg in the Inferred category using a cut-off of 1.5% Cg. The Project also includes several other untested anomalies. The drill hole intercept is approximately 450 m SE from high grade intercepts dril...