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Lomiko Metals Inc. and Canada Strategic Report 18.4 M Tonnes of 3.19% Indicated and 16.7 M Tonnes of 3.75% Inferred Flake Graphite Resource with 1.5% Cut-Off
Vancouver, British Columbia and Montreal, Quebec--(Newsfile Corp. - February 9, 2016) - Lomik...
About this update from Lomiko Metals Inc.
[{"type":"text","content":"Lomiko Metals Inc. and Canada Strategic Report 18.4 M Tonnes of 3.19% Indicated and 16.7 M Tonnes of 3.75% Inferred Flake Graphite Resource with 1.5% Cut-OffVancouver, British Columbia and Montreal, Quebec--(Newsfile Corp. - February 9, 2016) - Lomiko Metals Inc. (TSXV: LMR) (OTCQX: LMRMF) (FSE: DH8B) and Canada Strategic Metals Inc. (TSXV: CJC) (FSE: YXEN) (OTC Pink: CJCFF) (\"Canada Strategic Metals\") are pleased to announce a Resource for the La Loutre Flake Graphite Property of 18.4 M Tonnes of 3.19% Indicated and 16.7 M Tonnes at 3.75% Flake Graphite Inferred with a cut-off of 1.5%. The sensitivity table also features 4.1 M Tonnes of 6.5% Indicated and 6.2 M Tonnes at 6.1% Flake Graphite Inferred with a cut-off of 3%. The Resource is calculated on the Graphene-Battery Zone only and does not include recent high grade intercepts of 28.5 metres of 16.53% Cg and 21.5 metres of 11.53% Cg reported January 6, 2016 and 9% over 90.75 metres reported September 24th, 2015 from the Refractory Zone. The La Loutre property consists of contiguous claim blocks totalling approximately 2,867.29 hectares (28.67 km2) situated approximately 53 km east of Imerys Carbon and Graphite, formerly known as the Timcal Graphite Mine, North America's only operating graphite mine, and 117 km northwest of the International Port of Montreal, key to shipping to North America and Europe. Lomiko is currently completing an option to acquire 80% of the property which requires $665,000 more in work and issuing of 1.5 Million shares to be issue February 15th, 2016. Magnified Flake GraphiteTo view an enhanced version of this image, please visit:http://orders.newsfilecorp.com/files/1944/19182_magnified-enhanced.jpg \"The La Loutre Property is located close to the Imerys Carbon and Graphite Mine and benefits from similar infrastructure advantages and similar flake graphite grade, deposit size and near surface mineralization amenable to low cost, small footprint extraction. All of these elements make this an excellent candidate for a positive PEA\", stated A. Paul Gill, CEO, Lomiko Metals Inc., \"Lomiko is proceeding with the PEA immediately.\"\"We are very pleased with the results from the first resource estimate performed on the La Loutre property. The results from this resource estimate clearly demonstrate the strong potential for future development on the propert...