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Lomiko Metals Announces Further Results from Its Infill and Extension Exploration Drill Program at the La Loutre Graphite Property in Québec, Including 15.09% Cg over 60.0m in the EV Zone
MONTREAL / Oct 12, 2022 / Business Wire / Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce the fourth round of analytic
About this update from Lomiko Metals Inc.
[{"type":"text","content":"MONTREAL / Oct 12, 2022 / Business Wire / Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce the fourth round of analytical results from the infill and extension exploration drill program at its wholly-owned La Loutre Graphite property, located approximately 180 kilometres northwest of Montréal in the Laurentian region of Québec. Belinda Labatte, CEO and Director stated: “I am encouraged to see that the results from those additional 10 holes drilled at the center of the EV Zone continue to build on the results announced already and continue to demonstrate high-grade graphite mineralization over significant intervals. The best intersection was 8.14% graphitic carbon (“% Cg”) over 148.5 metres (“m”) in hole LL-22-035 including 15.09% Cg over 60.0m from 13.5m to 73.5m. The number of holes with significant mineralization confirms the potential of this area for additional graphite resources, and many holes remain open. We look forward to more results in the next 11 holes in the EV zone which will be released as more assays are received.” Highlights Consistent, near-surface graphite mineralization in the mid-north section of EV Zone High-grade graphite values and significant widths 9 out of 10 holes intersected significant mineralization. Up to 8.14% Cg over 148.5m from 6.0 to 154.5m in hole LL-22-035 including 15.09% Cg over 60.0m from 13.5m to 73.5m. Hole LL-22-042 encountered 8.68% Cg over 94.5m from 4.5 to 99.0m and 6.64% Cg over 94.4m from 121.0 to 215.4m Up to 13.84% Cg over 42.0 meters from 169.0 to 211.0 in hole LL-22-031. Holes LL-22-038, LL-22-040 and LL-22-042 all bottomed in mineralization. Graphite intervals in 8 of 10 holes remain open; additional assay results pending. The La Loutre graphite project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory. The drilling was supervised by Québec-based, independent geological consultant Breakaway Exploration Management Inc. and was operated under ECOLOGO requirements and compliance protocols, as Lomiko is ECOLOGO certified. Please see the press release issued on March 23, 2022 for more details about Lomiko’s ECOLOGO certification. The drill program at La Loutre was initiated on May 15, 2022, with the goal to further define the deposit, provide the data needed to increase confidence in the mineral resource and ...