MONTREAL, QUEBEC–(Jan. 14, 2015) - Canada Strategic Metals Inc. (“Strategic Metals” or the “Company”) ($CJC:CA)(FRANKFURT:YXEN) (CJCFF) and Lomiko Metals Inc. (“Lomiko”) ($LMR:CA) (LMRMF) (FRANKFURT:DH8B) are very pleased to announce the results for five more holes of the recent drilling campaign on the La Loutre Graphite project. The La Loutre property consists of contiguous claim blocks totalling approximately 2,500 hectares (25 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 117 km northwest of Montreal.
“The first drilling campaign on La Loutre property has been successful. We have identified a graphite mineralized zone over 800 metres length, up to 100 meters wide and more than 100 metres depth. This is significant milestone in achieving our objective of rapidly establish mineral resources at La Loutre. In addition, we have a good location near Imerys Carbon and Graphite Mine”, said Jean-Sebastien Lavallée, Chief Executive Officer of Canada Strategic Metals.
A total of twenty-five holes, for a total of 3,137 metres, were drilled to test a surface graphite showing and assess the potential extent of the graphite mineralization.
The Company has received the graphite assay results for last five holes from recent La Loutre Drilling, LL-14-21 to LL-14-25. All five returned wide graphite intersections with: 8.01% Gp over 20.3 metres and 5.91% Gp over 15.5 metres from Hole LL-14-21; 2.78% Gp over 66 metres from Hole LL-14-22; 3.48% Gp over 136.5 metres including 6.43% Gp over 4.65 metres, 11.23% Gp over 10.7 metres and 10.30% Gp over 7 metres from Hole LL-14-23; 7.73% Gp over 18.15 metres including 13.15% Gp over 5.3 metres and 2.74% Gp over 99.75 metres including 8.68% Gp over 3.1 metres and 11.99% Gp over 4.5 metres from Hole LL-14-24 and 3.13% Gp over 83.25 metres including 10.94% Gp over 3.75 metres from Hole LL-14-25. The mineralized intersections and assay results are shown in the table below.
A map of hole localization and results is available on the web site of the company at: www.csmetals.ca
Table of mineralized intersections from the recent drilling campaign
|Hole #||From (m)||To (m)||Length* (m)||Gp %|
*Length along the core. The Company estimates the true width of the mineralized zone at 70 to 90% of the width intersected in the drill holes.
The November 2014 drilling program was managed by Consul-Teck Exploration of Val-d’Or, Quebec, who designed the drilling campaign, supervised the program and logged and sampled the core.
Consul-Teck Exploration implemented QA/QC procedures to ensure best practices in sampling and analysis of the core samples. The drill core was logged and then split, with one half sent for assay and the other retained in the core box as a witness sample. Duplicates and blanks were inserted regularly into the sample stream.
The samples in secure tagged bags were delivered directly to the analytical facility for analysis. In this case, the analytical facility was the ALS minerals in Val-d’Or, Quebec. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and pulverized to 85% passing 75um. All samples are analyzed for Carbon Graphite using C-IR18.
Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder and Chief Executive Officer of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.
About Canada Strategic Metals
Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 20,000 hectares in Quebec. With broad management experience in green technology and junior resource exploration and development, Canada Strategic Metals is well positioned to aggressively advance this promising property portfolio for its shareholders.
For more information on the Company, please visit www.csmetals.ca..
Jean-Sebastien Lavallee, P. Geo
Chief Executive Officer
Paradox Public Relations
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