Lomiko Metals & Quebec Precious Metals report new intercepts 116.9 m of 4.80% including 15.2 m of 18.04% & 47.3 m of 7.56% in...
May 06 2019 - 7:00AM
Business Wire
Lomiko Metals Inc. (TSX-V:LMR, OTC:LMRMF, FSE:DH8C)
(Lomiko or the “Company”) and Quebec Precious Metals
Corporation (TSX.V: CJC, FSE: YXEN, OTC-BB: CJCFF) (“QPM”) are
pleased to announce the results from four (4) new exploration
diamond drill hole received from the 2019 program (see Table 1
below, and Figure 1) at the Refractory Zone at the La Loutre
graphite project (the “Project”). A total of 21 holes were
completed on the Refractory Zone for a total of 2,985 metres.
Results from the remaining 16 holes will be reported as they are
received and compiled. Lomiko owns 80% of the Project.
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the full release here:
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Drilling Map with Highlighted Results
from May 2019 (Photo: Business Wire)
“We continue to see wide intercepts of graphite and new sections
of very high-grade values. High grades are a more common occurrence
in the Refractory Zone,” stated A. Paul Gill, CEO.
Table 1: Results of the drill holes of the 2019 drill program.
The width is drill indicated core length. Insufficient data exists
to determine true width at this time.
Mineralization
Drill Hole #
Easting (UTM)
Northing (UTM)
Azimuth
Dip
From (m)
To
(m)
Interval
(m)
Cg %
LL-19-04 499567 5098041 65.9 -50
3.00 93.00 90.00 2.75
LL-19-14
499700 5097803 59.7 -50 80.70
99.00 18.30 4.43
LL-19-15 499751
5097832 64.8 -50 51.00 167.90
116.90 4.80 including 152.70
167.90 15.20 18.04
LL-19-16*
499851 5097829 66.5 -50 4.10
92.00 87.90 7.14
including 70.50
91.50 21.00 15.48 132.00
160.50 28.50 3.86
LL-19-17
499894 5097804 78.2 -50 15.00
62.30 47.30 7.56
including
51.00 62.30 11.30 17.45
96.00 126.00 30.00 1.96
*Results announced with the April 24, 2019 press release.
The drill campaign focuses on the Refractory Zone. An
independent technical report in accordance with National Instrument
43-101 – Standards of Disclosure for Mineral Projects, prepared by
B. Turcotte and G. Servelle of InnovExplo Inc. from Val-d’Or,
Québec, and O. Peters, of AGP Mining Inc., dated March 24, 2016,
was filed for the Project’s Graphene-Battery Zone. The report
presented a mineral resource estimate of 18.4 M Tonnes at a
grade 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% Cg. The Project also includes several
untested anomalies.
On the basis of the available geophysical and 2016 drilling
data, the strike length of the mineralization is estimated at 900 m
in the NW-SE direction and is open in both directions.
A detailed interpretation of the results will be carried out
to better estimate the thickness and strike length of the
mineralized zone.
The Project consists of contiguous claim blocks totaling 29 km2
situated approximately 53 km E of Imerys Carbon & Graphite,
formerly known as the Timcal graphite mine, North America’s only
operating graphite mine, and located 117 km NW of Montreal. The
mine has reported grades of 7.46% Cg over its 22-year life.
The 2019 exploration program is managed by Consul-Teck
Exploration of Val-d'Or, Quebec, who designed the drilling
campaign, supervised the program and logged and sampled the
core.
Quality Assurance/Quality Control
Consul-Teck Exploration implemented QA/QC procedures to ensure
best practices in sampling and analysis of the core samples. The
drill core was logged and then split, with one half sent for assay
and the other retained in the core box as a witness sample.
Duplicates and blanks were inserted at a regular interval into the
sample stream.
The samples in secure tagged bags were delivered directly to the
analytical facility for analysis. In this case, the analytical
facility was the ALS Minerals laboratory facility in Val-d'Or,
Quebec. The samples are weighed and identified prior to sample
preparation. The samples are crushed to 70% minus 2 mm, then
separated and pulverized to 85% passing 75µm. All samples are
analyzed for Cg using the C-IR18 method.
Qualified Person
Jean-Sebastien Lavalleìe (OGQ #773), Geologist, is a shareholder
of both companies, VP Exploration of QPM and a Qualified Person
under NI 43-101, has reviewed and approved the technical content of
this release.
For more information on Lomiko Metals, review the website at
www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email:
info@lomiko.com.
On Behalf of the Board,
“A. Paul Gill”
Chief Executive Officer
We seek safe harbor. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190506005168/en/
A. Paul Gill, 604-729-5312info@lomiko.com.
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