Lomiko’s shoulder sampling outlines 210.9 meters of graphite mineralization grading 7.09% Cg at La Loutre Graphite property in Québec
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Lomiko’s shoulder sampling outlines 210.9 meters of graphite mineralization
grading 7.09% Cg at La Loutre Graphite property in Québec
Montreal, Quebec – January 9th , 2023 - Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals”
or the “Company”) is pleased to announce shoulder sampling results from the infill and extension
exploration drill program at its La Loutre Graphite property, located approximately 180 kilometres
northwest of Montréal in the Laurentian region of Québec. The La Loutre graphite project site is
located within the Kitigan Zibi Anishinabeg (KZA) First Nation’s territory.
Belinda Labatte, CEO and Director stated: “we are pleased to see that additional shoulder sampling
has further extended mineralization in multiple zones in the EV and Battery zones . These
additional sampling results demonstrate graphite mineralization encountered over much more
significant widths then previously known in 28 holes out of 79. These results also show areas
where two or more zones are joined together indicating consistent mineralization . Significant
intervals were encountered in the EV Zone, including hole LL-22-042 where mineralization now
extends over 210.9m from surface: from 4.5m to 215.4m with a grade of 7.09%Cg. The assay
results further validate the continuity and quality of the mineralization. We have now received all
the results from the shoulder sampling conducted in November in the EV and Battery Zones and
have completed the drill database updates. The database will be used to complete an updated NI-
43-101 compliant mineral resource estimate for La Loutre.”
Highlights
• Additional core sampling increases thickness of graphite zones in 28 holes
• Increased thickness of greater than 3.0m were noted for 28 graphite zones
• Increases greater than 20.0m were noted for 11 graphite zones ranging from 22.0 to 63.0m
• Most significant intersection is 7.09% Cg over 210.9m from 4.5 to 215.4m in hole LL-
22-042 now joining two previously outlined zones
• Second most significant intersection is 9.405% Cg over 154.5m from 32.0 to 186.5m
in hole LL-22-032
• Graphite mineralization >1.0% Cg was determined in marble and quartzite units including
a new marble graphite carrying zone between these paragneiss intervals in hole LL-22-042,
in addition to the marble zone at the bottom of the paragneiss sequence in EV Zone as
announced in press release September 6, 2022
• Shoulder sampling has also shown that 9 holes in the EV and Battery zones remain open
at depth
• Southeast and northeast end of EV zone remain open
• South end of Battery zone remains open
The assay results reported in this press release are for 33 holes where additional core samples were
collected to close intervals of graphite mineralization reported in previous press releases. This
shoulder sampling resulted in increasing the thickness of the mineralization for 28 holes. Intervals
are considered closed where graphite values fall below 0.50 per cent graphite (“Cg”) over at least
four successive core samples (i.e., totalling approximately 6.0 metres of core.) Out of twenty-eight
holes that have shown an increase in the width of the mineralization , twenty-two were drilled in
the EV Zone (Figure 1) and six in the Battery Zone (Figure 2). Please refer to Table 1 for the
revised weighted averaged graphitic carbon- bearing drill inter sections (not true thickness). The
press releases wherein the original weight averages were reported are referenced in Table 1.
Increases of 3.0m or more to the thickness of graphite zones were noted for 28 intersections
generally without significant dilution of the graphite grade. Eleven of these intersections showed
increased thickness greater than 20.0m ranging from 22.0m up to a maximum of 63.0m. The most
notable result of the additional sampling is in hole LL-22-042. Originally two intervals of graphite
mineralization were reported in this hole including 8.68% Cg over 94.5m from 4.5 to 99.0m and
6.64% Cg over 94.4m from 121.0 to 215.4m. These intersections are in paragneiss. An interval
of marble between these paragneiss intervals was originally not sampled as it was assumed that
the marble did not contain graphite. In fact, the additional sampling showed the marble to contain
significant graphite mineralization with a weight average of 2.13% Cg over 22.0m from 99.0 to
121.0m. Moreover, the graphite is evenly distributed in the marble with a minimum value of
1.42% Cg and a maximum value of 3.26% Cg. Most importantly, the additional sampling joined
the two previously reported zones to provide a revised weight average in hole LL-22-042 of 7.09%
Cg over 210.9m from 4.5 to 215.4m (the end of the hole). The last sample assayed 3.14% Cg
indicating that the graphite mineralization continues beyond the end of the hole (i.e., the interval
remains open below the end of the hole). Holes LL-22-025, -045 and -046 and were also stopped
in mineralization and remain open below the end of the hole. Five hol es including LL-22-023, -
046, -055, -056 and -064 remain open above the first sample of the interval. The additional
sampling connected zones that were previous ly reported as separate zones , in holes LL -22-012
and -021 and -032. One new graphite zone was defined in hole LL -22-062 by the additional
sampling.
Table 1: Revised weight averaged graphitic carbon-bearing drill intersections (not true
thickness)
Source Hole From m To m Int. m % Cg Notes m +/-
1 LL-22-003 93.1 103.6 10.5 2.39
Revised LL-22-003 57.1 102.1 45.0 1.22 Closed 34.5
1 LL-22-003 135.9 162.9 27.0 2.46
Revised LL-22-003 126.9 156.9 30.0 2.60 Closed 3.0
1 LL-22-006 48.8 141.8 93.0 0.79
Revised LL-22-006 48.8 74.3 25.5 1.00 Closed
Revised LL-22-006 132.8 151.0 18.2 2.52 Closed, 1 zone split into 2 -49.3
1 LL-22-008 48.2 60.7 12.5 14.43
Revised LL-22-008 7.7 60.7 53.0 4.83 Closed 40.5
1 LL-22-010 7.3 25.8 18.5 11.31
Revised LL-22-010 7.3 29.0 21.7 9.73 Closed
2 LL-22-012 18.0 40.5 22.5 1.69
2 LL-22-012 28.5 34.5 6.0 6.00
2 LL-22-012 56.5 108.0 51.5 3.05
Revised LL-22-012 6.0 108.0 102.0 2.21 Closed, 3 zones connected 22.0
2 LL-22-014 16.6 19.6 3.0 0.79
Revised LL-22-014 4.6 21.1 16.5 0.62 Closed 13.5
2 LL-22-015 54.5 86.0 31.5 2.65
Revised LL-22-015 8.0 117.5 109.5 1.27 Closed 78.0
2 LL-22-018 123.0 157.5 34.5 2.98
Revised LL-22-018 100.5 168.0 67.5 1.82 Closed 33.0
2 LL-22-020 6.0 76.5 70.5 2.57
Revised LL-22-020 6.0 87.0 81.0 2.37 Open below 87.0m (EOH) 10.5
2 LL-22-021 7.0 50.5 43.5 4.51
2 LL-22-021 72.5 119.0 46.5 7.92
Revised LL-22-021 7.0 119.0 112.0 5.95 Closed, 2 zones connected 22.0
2 LL-22-021 157.0 175.0 18.0 3.15
Revised LL-22-021 148.0 191.5 43.5 1.67 Closed 25.5
3 LL-22-022 4 20.5 16.5 4.09
Revised LL-22-022 4.0 24.5 20.5 3.48 Closed
2 LL-22-023 120.0 132.0 12.0 9.25
Revised LL-22-023 57.0 132.0 75.0 2.84 Open above 57.0m 63.0
3 LL-22-025 80.0 101.0 21.0 6.17
Revised LL-22-025 75.5 101.0 25.5 5.54 Closed 4.5
3 LL-22-025 140.0 185.0 45.0 15.07
Revised LL-22-025 140.0 195.0 55.5 12.74 Open below 195.0m (EOH) 10.5
3 LL-22-026 121.0 125.5 4.5 3.59
Revised LL-22-026 115.0 125.5 10.5 2.18 Closed 6.0
3 LL-22-030 47.5 56.5 9.0 4.05
Revised LL-22-030 43.0 58.0 15.0 3.17 Closed 6.0
3 LL-22-032 32.0 152.0 120.0 11.02
3 LL-22-032 176 186.5 10.5 5.59
Revised LL-22-032 32.0 183.5 151.5 9.59 Closed, 2 zones connected 21.0
3 LL-22-033 168.5 191.0 22.5 8.69
Revised LL-22-033 168.5 195.0 26.5 7.74 Closed 4.0
4 LL-22-031 169.0 211.0 42.0 13.84
Revised LL-22-031 169.0 215.5 46.5 12.70 Open below 215.5m 4.5
4 LL-22-042 4.5 99.0 94.5 8.68
4 LL-22-042 121.0 215.4 94.4 6.64
Revised LL-22-042 4.5 215.4 210.9 7.09 Open below 216.m (EOH), 2 zones connected 22.0
5 LL-22-045 204.0 231.0 27.0 5.83
Revised LL-22-045 170.0 231.0 61.0 2.99 Open below 231.0m (EOH) 34.0
5 LL-22-046 186.0 207.0 21.0 3.95
Revised LL-22-046 175.5 207.0 31.5 2.97 Open above 175.5m & below 207.0m (EOH) 10.5
5 LL-22-050 13.0 136.0 123.0 5.07
Revised LL-22-050 13.0 139.0 126.0 4.99 Closed 3.0
6 LL-22-055 94.5 123.0 28.5 4.66
Revised LL-22-055 72.0 120.0 48.0 3.78 Open above 72.0m 19.5
6 LL-22-056 71.5 106.0 34.5 2.53
Revised LL-22-056 67.0 107.5 40.5 2.31 Open above 67.0m 6.0
New LL-22-062 6.0 15.0 9.0 2.75 Closed 9.0
7 LL-22-064 104.5 115.0 10.5 4.08
Revised LL-22-064 86.5 115.0 28.5 2.65 Open above 86.5m 18.0
7 LL-22-066 16.0 20.5 4.5 4.58
Revised LL-22-066 10.0 20.5 10.5 2.58 Closed 6.0
7 LL-22-066 102.5 108.5 6.0 5.18
Revised LL-22-066 98.0 108.5 10.5 4.17 Closed 4.5
7 LL-22-067 11.0 15.5 4.5 4.68
Revised LL-22-067 6.5 15.5 9.0 2.77 Closed 4.5 Source Press Release
1 September 6, 2022
2 September 20, 2022
3 September 28, 2022
4 October 12, 2022
5 October 24, 2022
6 November 28, 2022
7 December 6, 2022
Figure 1: EV Zone, Collar locations of holes with additional core sampling
Figure 2: Battery Zone, Collar locations of holes with additional core sampling
QAQC and Analytical Procedures
The drill core was logged and marked for sampling by a professional geologist. All the core was
photographed as part of the logging procedure. Core samples were collected by splitting each
sample interval in half lengthwise with a h ydraulic core splitter. One half of the interval was
returned to the core box, and the other half was placed in a plastic bag with a 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 then placed on wooden pallets, secured
with plastic wrapping, and delivered by truck to Manitoulin Transport Inc. for shipping to
Activation Laboratories Ltd. (“Actlabs”) in Ancaster, Ontario.
At Actlabs 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 graphitic carbon “Cg” 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
actively participated in the La Loutre drill program 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.
Lomiko Metals has a new vision and a new strategy in new energy. Lomiko represents a company
with purpose: a people -first company where we can manifest a world of abundant renewable
energy with Canadian and Quebec critical minerals for a solution in North America. Our goal is
to create a new energy future in Canada where we will grow the critical minerals workforce,
become a valued partner and neighbour with the communities in which we operate, and provide a
secure and responsibly sourced supply of critical minerals.
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 -eas t
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.
About the La Loutre Graphite Project
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 totalling
4,528 hectares (45.3 km2).
The Pr operty is underlain by rocks belonging to the Grenville Province of the Precambrian
Canadian Shield. The Grenville was formed under conditions that were very favourable for the
development of coarse -grained, flake -type graphite mineralization from organic -rich material
during high-temperature metamorphism.
Lomiko Metals published a July 29, 2021 Preliminary Economic Estimate (PEA) which indicated
the project had a 15- year mine life producing per year 100,000 tonnes of graphite concentrate at
95% Cg or a total of 1.5Mt of graphite concentrate. This report was prepared as National
Instrument 43-101 Technical Report for Lomiko Metals Inc. by Ausenco Engineering Canada Inc.,
Hemmera Envirochem Inc., Moose Mountain Technical Services, and Metpro Management Inc.,
collectively the Report Authors.
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
Contact 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: [email protected].
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward -looking information" within the meaning of the applicable Canadian securities legislation that is based on
expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company;
and any other information herein that is not a historical fact may be "forward-looking information" (“FLI”). All statements, other than statements
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"believe" and similar words or expressions. FLI in this new release includes, but is not limited to: the Company’s objective to become a responsible
supplier of critical minerals, exploration of the Company’s projects, including expected costs of exploration and timing to a chieve c ertain
milestones, including timing for completion of exploration programs; the Company’s ability to successfully fund, or remain fully funded for the
implementation of its business strategy and for exploration of any of its projects (including from the capital markets); any anticipated impacts of
COVID-19 on the Company’s business objectives or projects, the Company's financial position or operations, and the expected timing of
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time, are inherently subject to significant unce rtainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect
actual results. Assumptions upon which such FLI is based include, without limitation: current market for critical minerals; c urrent technological
trends; the business relationship between the Company and its business partners; ability to implement its business strategy and to fund, explore,
advance and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a safe and effective manner;
uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in Quebec; any unforeseen impacts of
COVID-19; impact of increasing competition in the mineral exploration business, including the Company’s competitive position in the industry;
general economic conditions, including in relation to currency controls and interest rate fluctuations.
The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the “Forward -Looking Statements”
section contained in the Company’s most recent management’s discussion and analysis (MD&A), which is available on SEDAR at www.sedar.com,
and on the investor presentation on its website. All FLI in this n ews release are made as of the date of this news release. There can be no assurance
that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any
such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required
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