Lomiko Metals and Quebec Precious Metals Report Intercept of 87.90 m of 7.14% Including 21.00 m of 15.48% Flake Graphite From La Loutre
(Vancouver, British-Columbia and Montreal. Que) – April 23, 2019 – Lomiko Metals Inc. (TSXV:LMR, OTC:LMRMF, FSE:DH8B) (Lomiko or the “Company”) and Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEN, OTC-BB: CJCFF) (“QPM”) are very pleased to announce the results from the first exploration diamond drill hole received from the 2019 program (see table 1 below) at the Refractory Zone at the La Loutre graphite property (the “Property”). A total of 21 holes were completed on the Refractory zone for a total of 2,800 m. Results from remaining 20 holes will be reported as they are received and compiled. Lomiko is currently owns 80% of the Property.
“We are impressed with the size and grade of the Refractory Zone. It has exceeded our expectations.” Stated A. Paul Gill, CEO of Lomiko.
Table 1: Results of 2019 drill program
The current focus of drill campaign is the Refractory Zone. 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 at the Graphene-Battery Zone. The report presented a mineral resource estimate of 18.4 M Tonnes at a grade 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% Cg. The Property also includes several other untested anomalies.
The current drill hole intercept is approximately 350 m south-east from high grade drill hole intercepts in 2017 of 7.74% Cg over 135.60 m including 16.81% Cg over 44.10 m from LL-16- 01 and 110.80 m of 14.56% Cg in hole LL-16-03. Both holes are located at the Refractory Zone.
The mineralized area appears to be approximately 200 m wide, and including this intercept presented in this release, has a strike length of about 900 m in the northwest to southeast direction and is open in both directions.
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