Lomiko Metals Inc., CA54163Q1028

Lomiko Metals Inc., CA54163Q1028

29.05.2017 - 10:04:14

Lomiko to Expand Carbon Purity and Classification Testing at La Loutre

Vancouver, British Columbia and Montreal, Quebec (Newsfile Corp. - May 29, 2017) - Lomiko Metals Inc. (TSXV: LMR) (OTC: LMRMF) (FSE: DH8C/DH8B) ('Lomiko') and Canada Strategic Metals Inc. ('Strategic Metals'') (TSXV: CJC) (FSE: YXEN) (OTC: CJCFF) plan to conduct further graphite purity and characterization testing at La Loutre based on recent high-grade drill results. The only graphite purity and characterization information on the property was first reported September 24, 2014 from samples obtained previous to drilling campaigns at La Loutre. Testing material from the recent drill holes will provide more accurate information on material that has high purity, contains large flakes and is located near surface. This information will be valuable for the upcoming Pre-Economic Assessment (PEA).

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% 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 results are all focused on the Graphene-Battery Zone.

A map of drill holes at the Refractory Zone which includes 2015 and 2016 results and highlights included 7.74% graphite over 135.60 metres including 16.81% graphite over 44.10 metres from hole LL-16-01, two different intersection in hole LL-16-02 reporting 17.08% graphite over 22.30 metres and 14.80% graphite over 15.10 metres and 110.80 metres of 14.56% Graphite in Hole LL-16-03.

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. Previous carbon purity and graphite characterization at La Loutre were encouraging:

La Loutre graphite purity and classification results

US Mesh Sieve SizeSample #1 3.46%  CgSize classGrade, % Carbon-20014.26%Fine100.00%200 ? 100 mesh22.12%Small100.00%100-80 mesh7.90%Medium100.00%80-50  mesh19.06%Large96.00%>50 mesh36.66%Extra Large87.72%Total ( 200)85.74%Average Grade94.74%

 

US Mesh Sieve SizeSample #2 5.62%  CgSize classGrade, % Carbon-20013.00%Fine100.00%200 ? 100 mesh21.26%Small98.15%100-80 mesh10.46%Medium97.56%80-50  mesh19.62%Large97.30%>50 mesh35.67%Extra Large96.15%Total ( 200)87.00%Average Grade97.45%

 

US Mesh Sieve SizeSample #3 6.64%  CgSize classGrade, % Carbon-20014.58%Fine99.02%200 ? 100 mesh23.68%Small100.00%100-80 mesh9.87%Medium100.00%80-50  mesh24.38%Large100.00%>50 mesh27.47%Extra Large100.00%Total ( 200)85.42%Average Grade99.86%

 

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 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 Carbon Graphite using C-IR18.

Jean-Sebastien Lavallée (OGQ #773), Geologist, is a shareholder of both companies, Executive Chairman of the Board and exploration manager of Canada Strategic 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 OfficerWe 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.

Click on, or paste the following link into your web browser, to view the associated documents

http://www.newsfilecorp.com/release/27037

29.05.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English

Company: Lomiko Metals Inc.

Canada ISIN: CA54163Q1028   End of News DGAP News Service

578019  29.05.2017 

@ dgap.de

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