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Lomiko Metals Receives Drill Permit for High-Grade Zone at La Loutre Flake Graphite Property
VANCOUVER, British Columbia & MONTREAL--(BUSINESS WIRE)--Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) and Canada Strategic Metals Inc. (“St
About this update from Lomiko Metals Inc.
[{"type":"text","content":"VANCOUVER, British Columbia & MONTREAL--(BUSINESS WIRE)--Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) and Canada Strategic Metals Inc. (“Strategic Metals””) (TSX.V: CJC; FSE: YXEN; OTC-BB: CJCFF) are very pleased to announce a drill permit has been received for a 2,000 metre, 25 drill hole program at the Refractory Zone of the La Loutre property. Project Highlights On February 9th, 2016, Lomiko Metals and Canada Strategic announced a resource for the La Loutre Flake Graphite Property of 18.4 M Tonnes of 3.19% Cg Indicated and 16.7 M Tonnes at 3.75% Cg 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 high-grade intercepts of 31.50 13.09 Cg, 44.1 metres of 16.81% Cg, 110.8 metres of 14.56%, 22.3 metres of 17.08 Cg, 90.75 metres of 9% Cg reported from the Refractory Zone. The Refractory zone mineralization appears to be 200 metres wide, have a current strike length of over 400 metres in a north-west to south east direction and is open in both directions. Please review all results by clicking the link to the drill map. Lomiko currently owns 80% of the property and will be increase to 100% subject to an 2% NSR, issuance of 750,000 shares and completion of $ 1,125,000 work set out in a May 3rd, 2016 News release. 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 Montreal. 2016 Refractory Zone Drill Results 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 14.80 LL-16-003 30.20 141.00 110.80 14.56 LL-16-004 NSV LL-16-005 55.80 57.40 1.60 13.35 LL-16-06 54.00 141.00 85.00 7.67 includes 109.50 141.00 31.50 13.09 LL-16-007 52.50 115.80 63.30 8.51 includes 69.00 85.50 16.50 15.75 LL-16-008 109.50 121.50 12.00 3.91 LL-16-00...