Lomiko Starts La Loutre Drilling Campaign To Upgrade Resource For Pre-Economic Assessment

Spotlight News  |

Lomiko Metals Inc.  (LMR:CA)  (LMRMF) ()and Quebec Precious Metals (TSXV: CJC, FSE: YXEN, OTC-BB: CJCFF) are very pleased to announce that a drill permit has been received and drilling will proceed with a 2,000 metre, 15 drill hole program at the Refractory Zone of the La Loutre graphite property (the “Property”).

On March 24, 2016, a technical report prepared in compliance with NI 43-101 on standards of disclosure for mineral projects, was filed for the Property. The report presented a mineral resource estimate of 18.4 M Tonnes of 3.19% carbon flake graphite (“Cg”) in the Indicated category and 16.7 M Tonnes at 3.75% Cg in the Inferred category using a cut-off of 1.5%.

The mineral resource does not include high-grade intercepts of 7.74% Cg over 135.60 metres including 16.81% Cgr over 44.10 metres from hole LL-16-01, two different intersections in hole LL-16-02 reporting 17.08% Cg over 22.30 metres and 14.80% Cg over 15.10 metres, and 110.80 metres of 14.56% Cg in hole LL-16-03, nor the 28.5 metres of 16.53% Cg and 21.5 metres of 11.53% Cg reported on January 6, 2016 and 9,0% over 90.75 metres reported on September 24th 2015 from the Refractory Zone.

The area of mineralization appears to be 200 metres wide, has a current strike length of approximately 400 metres in the northwest to southeast direction and is open in both directions.

The table below shows the drilling results from holes LL-16-001 to LL-16-010. A drill hole location map can be found under the heading Quicklinks: Drill Map which includes 2015 and 2016 results and highlights.

“The current drilling program is providing an opportunity to expand the size of the Refractory Zone to find the best opportunity to define our proposal for a low footprint, open pit operation”, stated A. Paul Gill, CEO of Lomiko Metals Inc.

The 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 located 117 km northwest of Montreal.

Jean-Sebastien Lavallée (OGQ #773), Geologist, is a shareholder of both companies, VP Exploration of Quebec Precious Metals and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.

For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: info@lomiko.com.

In the interest of full disclosure, we call the reader's attention to the fact that Equities.com, Inc. is compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way be considered as a recommendation to buy, sell or hold these securities. Equities.com is not a registered broker dealer, investment advisor, financial analyst, investment banker or other investment professional. We are a publisher of original and third party news and information. All profiles are based on information that is available to the public. The information contained herein should not be considered to be complete and is not guaranteed by Equities.com to be free from misstatement or errors. The views expressed are our own and not intended to be the basis for any investment decision. Readers are reminded to do their own due diligence when researching any companies mentioned on this website. Always bear in mind that investing in early-stage companies is risky and you are encouraged to only invest an amount that you can afford to lose completely without any change in your lifestyle. Equities has been compensated with cash, common shares and/or warrants for market awareness services provided.

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


Symbol Name Price Change % Volume
LMR:CA Lomiko Metals Inc. 0.08 0.02 25.00 1,265,235
LMRMF Lomiko Metals Inc Ord 0.06 0.01 14.00 228,967



Symbol Last Price Change % Change










World Economic Forum at Davos 2019 - Dr Oliver Krause Founder Untitled Inc Part 2

Matt Bird sits down with Dr Oliver Krause, Founder Untitled Inc, in part 2 of this 2 part interview at the World Economic Forum at Davos 2019

Emerging Growth

CMX Gold & Silver Corp.

CMX Gold & Silver Corp is an exploration stage company. The Company is engaged in the acquisition, exploration and development of silver and copper/gold properties in the USA.