Wall Street Signals: Lomiko Metals and Quebec Precious Metals report new intercepts 116.9 m of 4.80% including 15.2 m of 18.04% and 47.3 m of 7.56% including 11.3 m of 17.45% flake graphite at the La Loutre Project

Lomiko Metals and Quebec Precious Metals report new intercepts 116.9 m of 4.80% including 15.2 m of 18.04% and 47.3 m of 7.56% including 11.3 m of 17.45% flake graphite at the La Loutre Project

Drilling Map with Highlighted Results from May 2019 (Photo: Business Wire)

Lomiko Metals Inc. (TSX-V:LMR, OTC:LMRMF, FSE:DH8C) (Lomiko or the “Company”) and Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEN, OTC-BB: CJCFF) (“QPM”) are pleased to announce the results from four (4) new exploration diamond drill hole received from the 2019 program (see Table 1 below, and Figure 1) at the Refractory Zone at the La Loutre graphite project (the “Project”). A total of 21 holes were completed on the Refractory Zone for a total of 2,985 metres. Results from the remaining 16 holes will be reported as they are received and compiled. Lomiko owns 80% of the Project.
Lomiko's $LMR.CA $LMRMF La Loutre Refractory Zone continues to delivery high-grade results
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“We continue to see wide intercepts of graphite and new sections of very high-grade values. High grades are a more common occurrence in the Refractory Zone,” stated A. Paul Gill, CEO.
Table 1: Results of the drill holes of the 2019 drill program. The width is drill indicated core length. Insufficient data exists to determine true width at this time.
Drill Hole #
Easting (UTM)
Northing (UTM)
From (m)
Cg %
LL-19-04 499567 5098041 65.9 -50 3.00 93.00 90.00 2.75
LL-19-14 499700 5097803 59.7 -50 80.70 99.00 18.30 4.43
LL-19-15 499751 5097832 64.8 -50 51.00 167.90 116.90 4.80
  including 152.70 167.90 15.20 18.04
LL-19-16* 499851 5097829 66.5 -50 4.10 92.00 87.90 7.14
 including 70.50 91.50 21.00 15.48
   132.00 160.50 28.50 3.86
LL-19-17 499894 5097804 78.2 -50 15.00 62.30 47.30 7.56
  including 51.00 62.30 11.30 17.45
    96.00 126.00 30.00 1.96
*Results announced with the April 24, 2019 press release.
The drill campaign focuses on the Refractory Zone. An independent technical report in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects, prepared by B. Turcotte and G. Servelle of InnovExplo Inc. from Val-d’Or, Québec, and O. Peters, of AGP Mining Inc., dated March 24, 2016, was filed for the Project’s 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 Project also includes several untested anomalies.
On the basis of the available geophysical and 2016 drilling data, the strike length of the mineralization is estimated at 900 m in the NW-SE direction and is open in both directions. A detailed interpretation of the results will be carried out to better estimate the thickness and strike length of the mineralized zone.
The Project consists of contiguous claim blocks totaling 29 km2 situated approximately 53 km E of Imerys Carbon & Graphite, formerly known as the Timcal graphite mine, North America’s only operating graphite mine, and located 117 km NW of Montreal. The mine has reported grades of 7.46% Cg over its 22-year life.
The 2019 exploration program is managed by Consul-Teck Exploration of Val-d'Or, Quebec, who designed the drilling campaign, supervised the program and logged and sampled the core.
Quality Assurance/Quality Control
Emissary Teck Exploration actualized QA/QC methodology to guarantee best practices in testing and investigation of the center examples. The drill center was logged and afterward split, with one half sent for examining and the other held in the center box as an observer test. Copies and spaces were embedded at a customary interim into the example stream. 
The examples in secure labeled packs were conveyed straightforwardly to the logical office for investigation. For this situation, the expository office was the ALS Minerals research center office in Val-d'Or, Quebec. The examples are gauged and distinguished preceding example planning. The examples are smashed to 70% less 2 mm, at that point isolated and pounded to 85% passing 75µm. All examples are broke down for Cg utilizing the C-IR18 technique.
Qualified Person
Jean-Sebastien Lavalleìe (OGQ #773), the Geologist, is a shareholder of both companies, VP Exploration of QPM 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.
On Behalf of the Board,
“A. Paul Gill”
Chief Executive Officer


A. Paul Gill, 604-729-5312