Lomiko Metals Inc. (TSX-V: LMR), a Canadian exploration-stage company, along with their partner, Canada Strategic Metals Inc. (TSX-V: CJC), has released a resource report for the La Loutre flake graphite property. The report indicated 8.4 million tonnes of 3.19 percent and 16.7 million tonnes at 3.75 percent flake graphite inferred with a cutoff of 1.5 percent.
"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,” said A. Paul Gill, CEO of Lomiko Metals Inc. “All of these elements make this an excellent candidate for a positive PEA. Lomiko is proceeding with the PEA immediately."
The La Loutre property consists of contiguous claim blocks totalling approximately 2,867.29 hectares 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 Metals’ mission is to acquire, explore and develop resource properties that contain minerals. With high tech companies making graphite, a material defined as greater than 99.99% graphite crystalline flake, a highly sought after resource, Lomiko is also focused on the exploration and development of Quebec-based graphite projects. The company has furthered their mission with a number of positive developments in recent months, including:
- Releasing the results of their drilling campaign on the La Loutre Graphite property, that included 11 exploration holes.
- Releasing 'Graphene Flex Foam', a Multilayer Freestanding Flexible Graphene Foam
Lomiko is also currently completing an option to acquire 80% in the La Loutre property.
In their strategic partnership with Canada Strategic Metals, Lomiko Metals continues to make significant progress. This recent development and news of PEA that is soon to come further positions the company towards the forefront of the exploration sector. "We are very pleased with the results from the first resource estimate performed on the La Loutre property,” said Jean-Sebastien Lavallee, President and CEO of Canada Strategic Metals, "We are very excited by the decision to move the project forward to PEA level in the coming months."
To learn more about Lomiko Metals, visit www.lomiko.com.
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