Lomiko Hires Drilling Company for La Loutre Crystalline Flake Graphite Property for Resource Assessment

Press Releases |

VANCOUVER, British Columbia & MONTREAL, July 21, 2015 -- LOMIKO METALS INC. (TSX-V:LMR) (OTC:LMRMF) (FSE:DH8B) (the "Company") and Canada Strategic Metals (TSX-V:CJC) are pleased to announce that Forage Val D'Or Inc. has been awarded the contract for up to 10,000 metre drilling program at the La Loutre Crystalline Flake Graphite Properties located in Quebec. Over the past month since exploration began, crews have been prospecting, detail mapping and sampling, which will be followed by building roads and drill pads at the site.

"Flake Graphite has unique characteristics that makes it a better conductor of electricity and heat than copper," stated A. Paul Gill. "It will have an expanding role in a new green economy in new batteries, lighting, lubricants, printable electronics and in the nuclear industry."

To view jumbo flake graphite from La Loutre Property, please visit: http://orders.newsfilecorp.com/files/1944/16390_loutre03.jpg

The 2014 drilling program at La Loutre was managed by Consul-Teck Exploration of Val-d'Or, Quebec, who designed and will oversee the 2015 drilling campaign. The full set of drill results were reported in the February 9, 2015 news release.

After the current program is complete, the property will be assessed for a resource and if warranted, a pre-economic assessment (PEA). The primary focus is intersections which start within 15 metres of the surface as highlighted below. Viable near surface mineralization reduces the amount of waste rock that needs to be moved, reducing overall cost of the project and reducing environmental impact. The target cost per metric tonne of graphite from Canada to compete with graphite from China is under $800/per metric tonne USD.

The La Loutre Property 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 categories. Details regarding these tests are available in a September 23, 2014 news release.

Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

For more information, 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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Emerging Growth

NABUfit Global Inc

NABUfit Global Inc develops online fitness portal and a mobile app with the option of connecting existing and future monitoring devices (wearables etc.).

Private Markets

Ozobot by Evollve Inc

Ozobot is a world leader in compact super intelligent robots that entertain and educate through fun interactive gaming.

BioSculpture Technology, Inc.

BioSculpture Technology, Inc. (“BST”) is a commercial-stage medical device manufacturer of liposuction surgical instruments for surgeons. It offers the FDA-cleared Twin Cannula Assisted Liposuction ("TCAL") Airbrush Liposculptor II® controllers, Airbrush®…