Lomiko announces the third round of analytical results from the infill and extension exploration drill program at La Loutre Graphite property, drilling wide high-grade intersections at 11.02% Cg over 120m at the northern end of
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Lomiko announces the third round of analytical results from the infill and
extension exploration drill program at La Loutre Graphite property, drilling
wide high-grade intersections at 11.02% Cg over 120m at the northern end of
EV Zone
Montreal, Quebec - September 28, 2022 - Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals”
or the “Company”) is pleased to announce the third round of analytical results from the infill and
extension exploration drill program at its wholly -owned 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. 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 for more details about Lomiko’s ECOLOGO certification.
Belinda Labatte, CEO and Director stated: “Our team is very excited to see that t he results from
the 1 4 holes drilled at the nor thern end of the EV Zone in 2022 demonstrate strong graphite
mineralization over significant widths. Many holes intersected high grades over 110-to-120-metre
intervals. The number of holes confirms the potential of this area for additional graphite resources.
We look forward to more results in the next 21 holes in the EV zone which will be released as
more assays are received. Our vision is to become a responsible operator and part of a climate
success story in Southern Quebec.”
Highlights
• First initial drill results from the northern part of EV Zone show very thick mineralization
zones with high grades in 8 out of 10 mineralized holes (please see table below).
• Several wide intervals of near- surface, high -grade flake graphite mineralization
including 11.02% Cg over 120.00m from 32.0 to 152.0m in hole LL -22-032 including
48.0m at 15.58% Cg from 50.0 to 98.0m.
• Second best result of 8.73% Cg over 110.5m from 81.5 to 192.0m in hole LL-22-019
Including 69.0m at 12.09% Cg from 102.5 to 171.5m
• Numerous intersections remain open; additional assay results pending including holes LL-
22-022, -024, 025, -026, -029, -030, -032 and -033
• Northeastern limit of graphite mineralization defined with holes LL-22-27& LL-22-028
• EV Zone shows a robust trend and remains open to the northwest in holes LL-22-019 &
LL-22-022
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 for the La Loutre project as announced
in the Company’s July 29, 2021, press release (see link). 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 14 holes drilled at the north end of the
EV Zone. These holes were drilled to determine the northern extent of the graphite mineralization,
confirm the results of the previous drilling, and provide better detail of the EV Zone in this part of
the deposit. Please refer to Table 1 for the weighted average graphitic carbon -bearing drill
intersections (not true thickness) and Table 2 and Figure 1 for the collar locations referred to in
this press release. These results are in addition to the assay results for eighteen holes announced in
Lomiko’s press releases dated September 6 and 20, 2022.
Table 1: Weight averaged graphitic carbon-bearing drill intersections (not true thickness)
Hole From m To m Int. m % Cg Notes
LL-22-011 Not Sampled, abandoned hole, redrilled as LL-22-013
LL-22-013 3.0 6.0 3.0 1.23
LL-22-016 73.0 85.0 12.0 3.76
139.0 164.5 25.5 4.80
Including 154.0 163.0 9.0 8.16
LL-22-019 81.5 192.0 110.5 8.73
Including 102.5 171.5 69.0 12.09
LL-22-022 4.0 20.5 16.5 4.09 Open down-hole from 20.5m
Including 5.5 16.0 10.5 5.68
38.5 70.0 31.5 4.09
Including 43.0 47.5 4.5 16.07
93.0 132.0 39.0 4.39
Including 120.0 127.5 7.5 13.19
LL-22-024 42.0 67.5 25.5 2.31 Open up-hole from 42.0m & down-hole from 67.5m
90.0 109.5 19.5 2.99 Open up hole from 90.0m
LL-22-025 80.0 101.0 21.0 6.17
Including 87.5 95.0 7.5 13.50 Open up-hole from 87.5m & down-hole from 95.0m
140.0 185.0 45.0 15.07 Open down-hole from 185.0m
LL-22-026 121.0 125.5 4.5 3.59 Open up-hole from 121.0m
LL-22-027 No sampling, entirely quartzite
LL-22-028 No sampling, entirely quartzite
LL-22-029 83.7 89.7 6.0 5.74 Open up-hole from 83.7m & down-hole from 89.7m
LL-22-030 47.5 56.5 9.0 4.05 Open up-hole from 47.5m
LL-22-032 32.0 152.0 120.0 11.02 Open down-hole from 152.0m
Including 50.0 98.0 48.0 15.58
176.0 186.5 10.5 5.59 Open-up hole from 176.0m
LL-22-033 33.4 45.4 12.0 4.83 Open up-hole from 33.4m,
168.5 191 22.5 8.69 Stopped in graphite mineralization
Including 170.0 180.5 10.5 15.20
On the northeast side of the EV Zone, holes LL -22-011, -013, -026, -027 and - 28 were drilled
entirely or mostly in quartzite and encountered no or very narrow graphite mineralization within
narrow paragneiss bands within the quartzite. The lack of significant graphite in these holes
effectively defines the northeastern limit of the EV Zone.
Wide intervals of high- to moderate-grade graphite were encountered in holes LL-22-016, -019, -
022, -024, -025, -030, -032 and -033 and narrow, moderate-grade intervals in LL-22-029 and -30
within paragneiss. Exceptional intervals of near-surface, high-grade flake graphite mineralization
include 11.02% graphitic carbon (“% Cg”) over 120.0 metres (“m) from 32.0 to 152.0m in hole
LL-22-032 and 8.73% Cg over 110.5m from 81.5 to 192.0m in hole LL-22-019. These impressive
intersections define a strong graphite trend and indicate that the EV Zone has excelle nt potential
to continue to the northwest. Additional sampling has been done and assays are pending to fully
close these intervals.
Table 2: Drill Hole Collar Locations (UTM NAD 83, Zone 18)
Hole UTM_mE UTM_mE Elev._m Azimuth_° Dip_° Length_m
LL-22-011 499286 5098374 337 60 -50 24.2
LL-22-013 499286 5098374 337 60 -50 150.0
LL-22-016 499251 5098354 337 60 -49 174.0
LL-22-019 499239 5098319 340 60 -51 192.0
LL-22-022 499170 5098268 340 60 -55 141.5
LL-22-024 499206 5098245 334 65 -50 199.0
LL-22-025 499259 5098279 347 60 -51 200.0
LL-22-026 499338 5098419 344 60 -56 153.0
LL-22-027 499359 5098380 338 60 -55 96.0
LL-22-028 499327 5098340 339 60 -52 151.7
LL-22-029 499257 5098221 352 60 -53 174.0
LL-22-030 499261 5098189 351 60 -57 174.3
LL-22-032 499321 5098219 352 60 -52 189.3
LL-22-033 499316 5098195 353 60 -52 195.0
Figure 1: EV Zone Drill Hole Locations
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.
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 spli tting 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 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 bag s 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.
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 -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 Na tion 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 1 5-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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