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Lomiko Metals Completes 15 Drill Holes and Adds Six New Drill Hole Locations to Expand Flake Graphite Zone for the Upgrade of the La Loutre Resource before Pre-Economic Assessment
VANCOUVER, British Columbia & MONTREAL--(BUSINESS WIRE)--Lomiko Metals Inc. (“Lomiko”) (TSX-V:LMR, OTCQB:LMRMF, FSE:DH8C) (ISIN: CA54163Q1028) (WKN: A0Q9W7) (LE
About this update from Lomiko Metals Inc.
[{"type":"text","content":"VANCOUVER, British Columbia & MONTREAL--(BUSINESS WIRE)--Lomiko Metals Inc. (“Lomiko”) (TSX-V:LMR, OTCQB:LMRMF, FSE:DH8C) (ISIN: CA54163Q1028) (WKN: A0Q9W7) (LEI: 529900GJP51V4HR9MN94) and Quebec Precious Metals (TSX-V:CJC, FSE:YXEN, OTCBB:CJCFF) are very pleased to announce an expansion of the 15-drill hole program to 21 drill holes at the Refractory Zone of the La Loutre graphite property (the “Property”). On March 24, 2016, a technical report prepared in compliance with NI 43-101 on standards of disclosure for mineral projects, was filed for the Property. The report presented a mineral resource estimate of 18.4 M Tonnes 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%. The mineral resource does not include high grade intercepts of 7.74% Cg over 135.60 metres including 16.81% Cgr over 44.10 metres from hole LL-16-01, two different intersections in hole LL-16-02 reporting 17.08% Cg over 22.30 metres and 14.80% Cg over 15.10 metres, and 110.80 metres of 14.56% Cg in hole LL-16-03, nor the 28.5 metres of 16.53% Cg and 21.5 metres of 11.53% Cg reported on January 6, 2016 and 9,0% over 90.75 metres reported on September 24th 2015 from the Refractory Zone. The area of mineralization appears to be 200 metres wide, has a current strike length of approximately 400 metres in the northwest to southeast direction and is open in both directions. The table below shows the drilling results from holes LL-16-001 to LL-16-010. A drill hole location map can be found under the heading Quicklinks: Drill Map which includes 2015 and 2016 results and highlights. Table of 2016 drill results LL-16-001 to LL-16-010 from Refractory Zone: Hole # From (m) To (m) Length* (m) Gp % LL-16-001 3.90 139.50 135.60 7.74 Includes 3.90 48.00 44.10 16.81 Includes 135.00 138.00 3.00 14.85 LL-16-002 3.90 26.20 22.30 17.08 Includes 113.9 129.00 15.10 14.8...