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Lomiko Metals Identifies 55 New Prospective Targets in the Grenville Graphite Mineral Belt and Updates Exploration on Bourier Lithium Project
MONTREAL / Feb 21, 2023 / Business Wire / Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce the following regional explo
About this update from Lomiko Metals Inc.
[{"type":"text","content":"MONTREAL / Feb 21, 2023 / Business Wire / Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce the following regional exploration updates. The Company has staked approximately 268 mineral claims covering 15,639 hectares on six blocks in the Laurentian region of Quebec, approximately 200 kilometres northwest of Montréal within the Kitigan Zibi First Nation’s territory. These new claim blocks lie within a 100 km radius of the Company’s flagship La Loutre graphite project. Highlights : 1518-line kilometres of heliborne magnetic and time-domain electromagnetic surveys completed over the six Grenville graphite properties (Figure 1) 55 targets prospective for graphite mineralization identified Targets to be ground tested with Beep-Mat prospecting and sampling Within the Central Metasedimentary Belt of the Grenville Geological Province, graphite mineralization is known to occur in conjunction with various types and amounts of sulphides suggesting that a combined geophysical High-resolution magnetic (“MAG”) and time-domain electromagnetic (“TDEM”) response is expected from graphite-bearing rock units. The strong correlation of TDEM and MAG anomalies implies that magnetic sulphide minerals are likely to compose at least part of the anomaly sources. These are considered first steps in developing natural flake graphite exploration campaigns. Belinda Labatte, CEO stated: “We are very pleased to see that the geophysical surveys we conducted over the summer on our new graphite properties in the Grenville belt have returned very encouraging results with previous visible graphite occurrences observed on several of the claims. We intend to follow up on the prospective targets identified on all six properties with Beep-Map prospecting and sampling later in 2023. This method successfully found the La Loutre deposit currently at the Pre-Feasibility Stage. Those positive results fit into our strategy to create a responsible regional solution for natural flake graphite development in Southern Quebec and we are looking forward to working with Kitigan Zibi First Nation and local communities to further develop those properties. At Bourier, we have a massive claim package to explore and we continue our earlier soil and surface sampling test to determine the most prospective pegmatite anomalies.” The 179-line-km survey...