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Lomiko Metals Announces initial assay results from its natural flake graphite exploration program at La Loutre, Quebec and intersects up to 14.43% graphitic carbon over 12.5 m
MONTREAL / Sep 06, 2022 / Business Wire / Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce the initial round of analyti
About this update from Lomiko Metals Inc.
[{"type":"text","content":"MONTREAL / Sep 06, 2022 / Business Wire / Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce the initial 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. 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 22, 2022 for more details about Lomiko’s ECOLOGO certification. This phase of the program 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 to build on the results of the positive Preliminary Economic Assessment for the La Loutre project as announced in the Company’s July 29, 2021, press release. Lomiko has retained InnovExplo Inc, a Quebec-based independent consulting firm specializing in geology, resource estimation, mining engineering and sustainable development, to prepare an updated NI 43-101 compliant resource estimate for the La Loutre project following the completion of the 2022 drill program. In particular, the goal of the drilling in the southern end of the EV Zone, as described below, was to provide additional information, confirm results of the previous drilling campaigns, test the extension of the EV Zone (“EV-EXT”) and establish the southern extents of the zone. Belinda Labatte, CEO and Director stated: “We are very encouraged by the strong results obtained in the first ten holes of the 2022 drill program as those confirm the previous results including the presence of the mineralization and the grades encountered. The discovery of previously unknown marble-hosted graphite is also very exciting as it opens the possibility of adding inferred mineral resources and decreasing the overall strip ratio for the open pits. We look forward to more positive results in the next 43 holes which will be released as more assays are received. We also acknowledge and appreciate the community’s comm...