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Lomiko Metals and Canada Strategic Metals Announce Resource for the La Loutre Flake Graphite Property in Quebec - Video News Alert on Investmentpitch.com
February 12, 2016 11:38 AM EST | Source: InvestmentPitch Media
Vancouver, British Columbia--(Newsfile Corp. - February 12, 2016) - Lomiko Metals (TSXV: LMR) (FSE: DH8B) (OTCQX: LMRMF) and Canada Strategic Metals (TSXV: CJC) (FSE: YXEN) (OTC Pink: CJCFF) have announced a Resource for the La Loutre Flake Graphite Property in Quebec.
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The Flake Graphite Mineral Resource Estimate measures 18 million tonnes of 3.2% Indicated and 17 million tonnes of 3.7% Inferred, with a cut-off of 1.5%. Using a cut off of 3%, the sensitivity table shows 4 million tonnes of 6.5% Indicated and 6 million tonnes of 6.1% Inferred. The Resource is calculated on the Graphene-Battery Zone only, and does not include recent high grade intercepts from the Refractory Zone, of 28 metres of 16.5%, 22 metres of 11.5%, and 91 metres of 9%.
A. Paul Gill, CEO of Lomiko, stated: "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."
Jean-Sébastien Lavallée, President & CEO, Canada Strategic Metals stated: "The results from this resource estimate clearly demonstrate the strong potential for future development on the property. We are very excited by the decision to move the project forward to PEA level in the coming months."
Lomiko Technologies, a subsidiary of Lomiko Metals, holds approximately 4.4 million shares of Graphene 3D Lab (www.graphene3DLab.com), which trades on the TSX Venture Exchange under the symbol GGG.
Graphene 3D is in the business of developing, manufacturing, and marketing proprietary graphene-based nanocomposite materials for various types of 3D printing. Lomiko Technologies also owns 40% of Graphene Energy Storage Devices (www.graphene-ESD.com), and a license for the manufacture and sales of three innovative electronic products. These subsidiaries and products complement Lomiko's regular business, which is the development of its graphite properties in Quebec.
For more information about Lomiko, please visit the company's website www.lomiko.com, contact
A. Paul Gill, CEO at 604-729-5312 or email info@lomiko.com.
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