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Lomiko Metals Announces Update on Regional Graphite Exploration Program in Grenville Region, Quebec
MONTREAL / Jul 11, 2023 / Business Wire / Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to report the results of a successful Be
About this update from Lomiko Metals Inc.
[{"type":"text","content":"MONTREAL / Jul 11, 2023 / Business Wire / Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to report the results of a successful Beep-Mat prospecting and sampling program recently completed by Breakaway Exploration Management Inc. (“Breakaway”) on the Grenville Graphite Mineral Belt regional claims. The “Grenville” project includes 268 mineral claims covering 15,639 hectares on six blocks in the Laurentian region of Quebec, approximately 200 kilometers northwest of Montréal within a 100 km radius of the Company’s flagship La Loutre graphite project. This is located within the Kitigan Zibi Anishinabeg (KZA) First Nation’s territory. The KZA First Nation is part of the Algonquin Nation and the KZA traditional territory is situated within the Outaouais and Laurentides regions. Belinda Labatte, CEO and Director: “These results are encouraging and show the potential to develop the graphite potential surrounding La Loutre. These new discoveries improve our understanding of the area and how we can look at a responsible approach to graphite development in the region.” Highlights 10 new high-grade graphite showings discovered; 37 of 57 grab samples greater than 5.00% graphite; Maximum value of 22.90% graphite found on Ruisseau block; Graphite zones traced up to lengths of 1000 metres on the surface The field program consisted of ground-testing 15 of the 55 high-priority targets identified as prospective for graphite mineralization by the 1518-line kilometer, heliborne, magnetic and time-domain electromagnetic survey completed by the Company over the Grenville project in 2022. Work was completed on the Boyd, Dieppe, Meloche, Ruisseau, and Tremblant blocks (Figure 1). The North Low block was not investigated due to its relative isolation with respect to the other five blocks. The Beep-Mat is an electromagnetic survey instrument designed and manufactured by Instrumentation GDD Inc. in Quebec City, Quebec. The unit is pulled on the ground and takes continuous readings while the operator walks. It makes a distinctive audible “Beep” when detecting a conductive object within a radius of three metres. The Beep-Mat was found to be very effective at locating graphite mineralization, which is inherently highly conductive, on the Grenville project. A total of 10 new surface graphite showings were discovered with the Bee...