Lomiko announces update on its regional graphite exploration program in the Grenville region, Quebec
2023年7月12日 - 6:32AM
ビジネスワイヤ(英語)
Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the
“Company”) is pleased to report the results of a successful
Beep-Mat prospecting and sampling program recently completed by
Breakaway Exploration Management Inc. (“Breakaway”) on the
Grenville Graphite Mineral Belt regional claims. The “Grenville”
project includes 268 mineral claims covering 15,639 hectares on six
blocks in the Laurentian region of Quebec, approximately 200
kilometers northwest of Montréal within a 100 km radius of the
Company’s flagship La Loutre graphite project. This is located
within the Kitigan Zibi Anishinabeg (KZA) First Nation’s territory.
The KZA First Nation is part of the Algonquin Nation and the KZA
traditional territory is situated within the Outaouais and
Laurentides regions.
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Figure 1: Grenville project claim blocks
(Graphic: Business Wire)
Belinda Labatte, CEO and Director: “These results are
encouraging and show the potential to develop the graphite
potential surrounding La Loutre. These new discoveries improve our
understanding of the area and how we can look at a responsible
approach to graphite development in the region.”
Highlights
- 10 new high-grade graphite showings discovered;
- 37 of 57 grab samples greater than 5.00% graphite;
- Maximum value of 22.90% graphite found on Ruisseau block;
- Graphite zones traced up to lengths of 1000 metres on the
surface
The field program consisted of ground-testing 15 of the 55
high-priority targets identified as prospective for graphite
mineralization by the 1518-line kilometer, heliborne, magnetic and
time-domain electromagnetic survey completed by the Company over
the Grenville project in 2022. Work was completed on the Boyd,
Dieppe, Meloche, Ruisseau, and Tremblant blocks (Figure 1). The
North Low block was not investigated due to its relative isolation
with respect to the other five blocks.
The Beep-Mat is an electromagnetic survey instrument designed
and manufactured by Instrumentation GDD Inc. in Quebec City,
Quebec. The unit is pulled on the ground and takes continuous
readings while the operator walks. It makes a distinctive audible
“Beep” when detecting a conductive object within a radius of three
metres. The Beep-Mat was found to be very effective at locating
graphite mineralization, which is inherently highly conductive, on
the Grenville project. A total of 10 new surface graphite showings
were discovered with the Beep-Mat. Many of these showings returned
very strong graphite values from selective grab samples, as
outlined in Table 1 and several new graphite zones were traced up
to 1000 metres on the surface.
The Ruisseau block returned strong results with values ranging
from 0.16 to 22.90 percent graphite (“% Cg”) with 19 of 26 values
greater than 5.00% Cg. Six new graphite showings were discovered in
the western and southern parts of the block. Five of these showings
consistently returned graphite values greater than 10.00% Cg.
Eleven targets in the eastern half of the block were not prospected
or sampled.
Table 1: Surface grab samples Grenville
project May 2023
Block
# samples
Min %Cg
Max %Cg
Comments
Boyd
8
5.61
17.10
8/8 > 5.00% Cg
Dieppe
11
0.15
1.47
Meloche
6
5.62
12.00
6/6 > 5.00% Cg
Ruisseau
26
0.16
22.90
19/26 > 5.00% Cg
Tremblant
6
<0.05
13.90
4/6 > 5.00% Cg
Total
57
At Boyd, only one of eight targets was visited but at this
target a new zone of strong graphite mineralization was
demonstrated with values from 5.61 to 17.10% Cg for almost 1,000
metres on surface.
At Meloche, strong graphite values from 5.62 to 12.00% Cg were
obtained from the previously known Lac Pimoden-NE showing. A new
showing in the south-central part of the block returned 6.02% Cg
from a single grab sample. Three targets in the northwest part and
one target in the southeast part were not prospected or
sampled.
At Tremblant, four new showings were discovered with three of
these showings returning graphite values greater than 5.00% Cg with
a maximum value of 13.90% Cg. At Dieppe, two graphite zones were
discovered but both returned relatively low graphite values.
Prospecting at Dieppe was hampered by very rough terrain with many
steep cliffs. Seven targets remain to be prospected.
The methodology developed by Breakaway for examining targets on
the Grenville project has proven to be very successful for
discovering graphite mineralization on surface. Forty high-priority
graphite targets remain to be prospected and sampled.
QAQC and Analytical
Procedures
Each sample was photographed and then placed in a plastic bag
with a uniquely numbered tag. The tag number was marked in
indelible ink on the outside of the bag and the bag was sealed with
a plastic tie-wrap. One certified reference material standard and
one blank were included in each batch of 21 samples. For shipping,
samples were placed in rice bags that were individually sealed with
numbered, tamper-proof security tags. The rice bags were delivered
in person to Activation Laboratories Ltd. (“Actlabs”) in Val-d’Or,
Quebec and subsequently transported by Actlabs to its Ancaster,
Ontario facility.
At Actlabs Ancaster, the samples were crushed to 80% passing 2mm
and then riffle split to a 250g sub-sample that was pulverized to
pulp 95% passing 105μm (Actlabs Code RX1). The sample pulps were
then analyzed for per cent graphitic carbon by mild hydrochloric
acid digestion followed by combustion in an infrared induction
furnace (Actlabs Code 8Cg). Actlabs is accredited under ISO
9001:2015 registration and is independent of the Company.
Qualified Person
The technical content presented in this press release was
reviewed by Mark Fekete, P.Geo. who acts as an independent
consultant to the Company as the “Qualified Person” as that term is
defined under National Instrument 43-101, Standards of Disclosure
for Mineral Projects.
About Lomiko Metals Inc.
The Company holds mineral interests in its La Loutre graphite
development in southern Quebec. The La Loutre project site is
located within the Kitigan Zibi Anishinabeg (KZA) First Nation’s
territory. The KZA First Nation is part of the Algonquin Nation and
the KZA traditional territory is situated within the Outaouais and
Laurentides regions. Located 180 kilometres northwest of Montreal,
the property consists of one large, continuous block with 76
mineral claims totaling 4,528 hectares (45.3 km2).
The Property is underlain by rocks belonging to the Grenville
Province of the Precambrian Canadian Shield. The Grenville was
formed under conditions that were very favorable for the
development of coarse-grained, flake-type graphite mineralization
from organic-rich material during high-temperature
metamorphism.
In addition to La Loutre, Lomiko is working with Critical
Elements Lithium Corporation towards earning its 70% stake in the
Bourier Project as per the option agreement announced on April
27th, 2021. The Bourier project site is located near Nemaska
Lithium and Critical Elements south-east of the Eeyou Istchee James
Bay territory in Quebec which consists of 203 claims, for a total
ground position of 10,252.20 hectares (102.52 km2), in Canada’s
lithium triangle near the James Bay region of Quebec that has
historically housed lithium deposits and mineralization trends.
On behalf of the Board, Belinda Labatte CEO and
Director, Lomiko Metals Inc. For more information on Lomiko
Metals, review the website at www.lomiko.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230711862662/en/
Gordana Slepcev at 647-391-7344 or Belinda Labatte at
647-402-8379 or at 1-833-456-6456 or 1-833-4-LOMIKO or email:
info@lomiko.com
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