Lomiko announces remaining results from the exploration drill program at La Loutre Graphite property in Québec, drills up to 10.37 % Cg over 64.0m at end of Battery Zone along southeastern margin
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Lomiko announces remaining results from the exploration drill program at
La Loutre Graphite property in Québec, drills up to 10.37 % Cg over 64.0m
at end of Battery Zone along southeastern margin
Montreal, Quebec – December 13, 2022 - Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals”
or the “Company”) is pleased to announce the eighth and final round of analytical 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 Nations
territory.
Belinda Labatte, CEO and Director stated: “We are pleased that these assays further confirm the
results of the infill and expansion programs encountered so far . Significant intervals were
encountered in the third and last batch of results from the Battery Zone, including 10 holes ( LL-
22-70 to 79) in the south end of the Battery Zone. The assay results further validate the continuity
and quality of the mineralization. The best interval of 10.37% Cg over 64.0m was encountered in
hole LL-22-074 including 14.15% Cg over 14.5m. We look forward to receiving the results from
the shoulder sampling conducted in November in the EV and Battery Zones, to complete the drill
database. The database would be used to start with the NI-43-101 compliant mineral resource
estimate.”
Highlights
Assay results from the third and last batch of 10 of 26 holes drilled at Battery Zone:
• Consistent, near surface graphite mineralization along the southwest margin of the Battery
Zone
• Strong graphite values and significant widths in all 10 drill holes
• Best interval of 10.37% Cg over 64.0m from 27.0 to 91.0m in hole LL -22-074 including
14.15% Cg over 14.5m from 45.0 to 90.0m
• Second best interval of 11.42% Cg over 26.5m from 48.0 to 74.5m including 15.01% Cg
over 13.5 from 51.0 to 64.5m and 17.16% Cg over 5.5m from 69.0 to 74.5 m in hole LL-
22-073
• Battery zone remains open on the south end.
The drilling was supervised by Québec -based, independent geological consultant Breakaway
Exploration Management Inc. and was operated under ECOLOGO requirements and compliance
protocols, as Lomiko is ECOLOGO certified. Please see the press release issued on March 23,
2022 f or more details about Lomiko’s ECOLOGO certification.
The drill program at La Loutre was initiated on May 15, 2022, with the goal to further define the
deposit, provide the data needed to increase confidence in the mineral resource and build on the
results of the positive Preliminary Economic Assessment (“PEA”) for the La Loutre project as
announced in the Company’s July 29, 2021 press release. Lomiko has retained InnovExplo Inc, a
Quebec-based independent consulting firm specializing in geology, resource estimation, mining
engineering and sustainable development, to prepare an updated NI 43- 101 compliant resource
estimate for the La Loutre project following the completion of the 2022 drill program.
The assay results reported in this press release are for the 10 holes drilled at the south end of the
Battery Zone. These holes were drilled to confirm results of previous drilling and provide better
detail in this part of the Battery deposit. Please refer to Table 1 for the weighted averaged graphitic
carbon-bearing drill intersections (not true thickness) and Table 2 and Figure 1 for the collar
locations referred to in this press release.
Significant intervals of graphite mineralization were intersected in all 10 holes. The best
intersection was 10.37 per cent graphite (“%Cg”) over 64.0m from 27.0 to 91.0m in hole LL -22-
074 including 14.15% Cg over 45m from 45.0 to 90.0m. The second-best interval was 11.42% Cg
over 26.5m from 48.0 to 74.5m including 15.01% Cg over 13.5 from 51.0 to 64.5m and 17.16%
Cg over 5.5m from 69.0 to 74.5 in hole LL-22-073. These two holes as well as holes LL-22-077,
LL-22--078 and LL-22-- 079 f orm the southernmost extent of the Battery Zone. The robust
dimensions and tenor of the strong intervals intersected in these holes suggests that the intervals
continue further to the southeast, and that the Battery zone remains open in that direction.
Generally, it was noted that the graphite mineralization intersected in the Battery zone is visually
more coarse-grained than the graphite mineralization intersected at the recently drilled EV Zone.
Table 1: Weight averaged graphitic carbon-bearing drill intersections (not true thickness)
Hole From
m
To m Int. m % Cg Notes
LL-22-070 21.4 48.4 27.0 8.17 Sampling complete
Including 31.9 43.9 12.0 12.75
65.0 96.1 31.1 5.06
Including 87.5 96.1 8.6 8.78
136.9 157.2 20.3 1.09
167.8 190.3 22.5 1.22
LL-22-071 62.3 188.5 126.2 1.38 Sampling complete
Including 62.3 75.8 13.5 5.95
Including 180.5 188.5 8.0 2.07
LL-22-072 51.9 85.0 33.1 9.70 Sampling complete
Including 58.0 83.5 25.5 12.14
118.5 195.0 76.5 1.56
Including 118.5 135.0 16.5 3.59
LL-22-073 48.0 74.5 26.5 11.42 Sampling complete
Including 51.0 64.5 13.5 15.01
Including 69.0 74.5 5.5 17.16
118.0 189.2 71.2 1.44
Including 122.5 130.0 7.5 4.56
LL-22-074 27.0 91.0 64.0 10.37 Sampling complete
Including 45.0 90.0 45.0 14.15
LL-22-075 36.3 57.3 21.0 9.88 Sampling complete
Including 37.8 48.3 10.5 17.23
76.0 112.0 36.0 9.30
Including 91.0 104.5 13.5 16.22
152.0 223.1 71.1 1.31
Including 152.0 162.5 10.5 3.15
LL-22-076 55.5 69.0 13.5 9.27 Sampling complete
Including 55.5 64.5 9.0 12.94
120.8 138.0 17.2 2.31
Including 122.3 129.8 7.5 4.84
LL-22-077 41.0 54.5 13.5 10.75 Sampling complete
Including 42.5 51.5 9.0 13.37
109.3 113.8 4.5 4.81
LL-22-078 63.8 71.3 7.5 10.86 Sampling complete
Including 63.8 68.3 4.5 15.13
LL-22-079 68.2 99.7 31.5 4.00 Sampling complete
Including 71.2 83.2 12.0 10.20
Table 2: Drill Hole Collar Locations (UTM NAD 83, Zone 18)
Hole UTM_mE UTM_mE Elev._m Azimuth_° Dip_° Length_m
LL-22-070 499406 5096572 345 60 -54 192
LL-22-071 499449 5096554 350 60 -58 192
LL-22-072 499459 5096511 351 60 -55 207
LL-22-073 499480 5096480 348 60 -56 201
LL-22-074 499480 5096480 348 60 -89 102
LL-22-075 499419 5096476 348 60 -53 240
LL-22-076 499367 5096458 339 60 -53 138
LL-22-077 499405 5096441 339 60 -62 126
LL-22-078 499353 5096409 332 60 -55 126
LL-22-079 499353 5096409 332 60 -85 126
Figure 1: Battery Zone Drill Hole Locations
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 hydraulic 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 ind elible 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
Nov 28
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Results
Dec 6
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Results
Dec 13
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Results
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 B ourier 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.
About the La Loutre Graphite Project
The Company holds a 100% interest in its La Loutre graphite development project in southern
Quebec. The La Loutre project site is located within the Kitigan Zibi Anishinabeg (KZA) First
Nations territory. The KZA First Nations are part of the Algonquin Nation and the KZA 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 Property 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 or
please contact:
Kimberly Darlington
514-771-3398
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