Business
Lomiko Metals Announces Completion of Exploration Drilling for its La Loutre Graphite Project
MONTREAL / Sep 13, 2022 / Business Wire / Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce that it has completed its in
About this update from Lomiko Metals Inc.
[{"type":"text","content":"MONTREAL / Sep 13, 2022 / Business Wire / Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce that it has completed its infill and extension exploration drilling program at its wholly-owned La Loutre graphite project, located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory within the Outaouais and Laurentides regions, 180 kilometers northwest of Montreal. The comprehensive drill program featured 79 holes totaling 13,113 metres drilled; 53 of these, totaling 9,037 metres, were drilled in the Electric Vehicles (“EV”) Zone and 26 holes totaling 4,076 metres were drilled in the Battery Zone. The Company is awaiting further assay results which will be shared when available. The Preliminary Economic Assessment (PEA) for the La Loutre project confirmed that the EV and Battery Zones are sources of material that, when processed, would yield concentrated graphite of high purity over 95% graphitic carbon (Cg) (see press release of July 29, 2021 for more details). The objective of the 2022 exploration campaign was to better understand the extent and quality of the deposit and provide the required inputs for a pre-feasibility study. Lomiko Metals thanks Breakaway Exploration Management of Québec for the supervision and operation of the 2022 exploration drilling program at the La Loutre project and ensuring compliance with ECOLOGO specifications. Lomiko also advises that it maintained its obligations to ensure departure before the seasonal hunting that occurs on the northern end of the claim. Lomiko has retained InnovExplo Consulting and Engineering to prepare an updated NI-43-101 resource estimate for the La Loutre project following the completion of the drilling and assay results receipt. Please refer to Figure 1 and 2 for details. Qualified Person The technical content presented in this press release was reviewed by Mark Fekete, P.Geo. who actively participated in the La Loutre drill program as an independent consultant to the Company as the “Qualified Person” as that term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. About Lomiko Metals Inc. Lomiko Metals has a new vision and a new strategy in new energy. Lomiko represents a company with a purpose: a people-first company where we can manifest a world of abundant renewable energy with Cana...