DGAP-News
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
DGAP-News: Lomiko Metals Inc. / Key word(s): Miscellaneous
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
09.02.2016 / 12:00
The issuer is solely responsible for the content of this announcement.
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
09.02.2016 / 12:00
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Vancouver, 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.
[image: http://orders.newsfilecorp.com/files/1944/19182_magnified.jpg]
Magnified Flake Graphite
To 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
Vancouver, 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.
[image: http://orders.newsfilecorp.com/files/1944/19182_magnified.jpg]
Magnified Flake Graphite
To 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
Aktuelle Themen
Weitere Artikel des Autors
1 im Artikel enthaltener WertIm Artikel enthaltene Werte