LOMIKO STARTS LA LOUTRE DRILLING CAMPAIGN TO UPGRADE RESOURCE FOR PRE-ECONOMIC ASSESSMENT

World News: . []

Vancouver and Montreal, Feb. 11, 2019 (GLOBE NEWSWIRE) -- February 11, 2019 Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, LMRMF, FSE: DH8C, (ISIN: CA54163Q1028) (WKN: A0Q9W7) (LEI: 529900GJP51V4HR9MN94) 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  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 include high-grade intercepts of Cg over metres including Cgr over metres from hole LL-16-01, two different intersections in hole LL-16-02 reporting Cg over metres and Cg over metres, and metres of 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 24 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: which includes 2015 and 2016 results and highlights. 

 * Length along the core.  According to the Society, the true width of the drillhole  represents between 80 % and 95 % along the core.

 “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 km) 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 , contact A. Paul Gill at 604-729-5312 or email: info@lomiko.com.

On Behalf of the Board,

Chief Executive Officer

A. Paul Gill
Lomiko Metals Inc. (TSX-V: LMR)
6047295312
apaulgill@lomiko.com

More news and information about Lomiko Metals Inc. (TSX-V: LMR)

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Globe Newswire: 14:00 GMT Monday 11th February 2019

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