Drill Permit Issued for Lomiko's La Loutre Crystalline Flake Graphite
Property in Quebec
by Marketwire
Lomiko Metals Inc. ("Lomiko") (TSX VENTURE:
LMR)(PINKSHEETS:
LMRMF)(FRANKFURT: DH8B) and Canada Strategic Metals Inc. ("Strategic
Metals" or the "Company") (TSX VENTURE: CJC)(FRANKFURT: YXEN)(OTCBB:
CJCFF) are very pleased to announce that a drilling permit for the La
Loutre Crystalline Flake Graphite Property has been issued which
allows for up to 29 drill holes. On September 23, 2014 Lomiko
optioned 40% interest in the La Loutre Crystalline Flake Graphite
Property located in Quebec last month. A full set of results was
reported in that news release.
The goal of the exploration program is to identify high-grade,
near-surface graphite mineralization suitable for conversion to
battery-grade graphite. The graphite industry could see exponential
growth based on new demand for lithium-ion batteries, which use 10 to
15 times as much graphite as lithium.
Telsa Motor Cars and Panasonic announced a new Lithium-ion
Giga-factory in Nevada which is estimated to double the yearly supply
of Li-ion batteries by 2020. Currently, synthetic graphite with
consistent carbon purity of 99% or more is used in Li-ion batteries.
This effects the graphite market in two ways. One, the price of
synthetic graphite is likely to increase based on increased demand
for all graphite products. Two, if a natural, cost-effective source
of consistently high carbon purity graphite is derived from a
property, groups such as Telsa could use the material directly in
their batteries.
Of particular interest to Lomiko was an area of the property which
reported grab samples up to 22.04% Carbon Flake Graphite (CFG) and
Carbon Purity Test results reporting up to 100.00% Carbon Purity in
the Large and Extra Large Flake Graphite.
Graphite grab sample assay results derived from a recent sampling and
mapping program on the has confirmed a graphite bearing structure
covering an area approximately 7 kilometers by 1 kilometer with
results of up to 22.04% graphite in multiple parallel zones of 30-50
meters wide. Another area has also been identified covering
approximately 2 kilometers by 1 kilometer in multiple parallel zones
of 20-50 meters wide which includes results up to 18% graphite. Grab
samples are selective by nature and are unlikely to represent the
average grade of a deposit. The drilling program is designed to test
these areas.
Jean-Sebastien Lavallee (OGQ #773), geologist, a Qualified Person as
defined by National Instrument 43-101, has reviewed and approved the
technical content of this release.
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.
Contacts:
Lomiko Metals Inc.
A. Paul Gill
Chief Executive Officer
604-729-5312
info@lomiko.com
www.lomiko.com
SOURCE: Lomiko Metals Inc.
