Lomiko Metals and Quebec Precious Metals report new intercepts 116.9 m of 4.80% including 15.2 m of 18. 04% and 47.3 m of 7.56% including 11.3 m of 17.45% flak e graphite at the La Loutre Project (Vancouver, British Columbia and Montreal, Quebec)
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Lomiko Metals and Quebec Precious Metals report new
intercepts 116.9 m of 4.80% including 15.2 m of 18. 04%
and 47.3 m of 7.56% including 11.3 m of 17.45% flak e
graphite at the La Loutre Project
(Vancouver, British Columbia and Montreal, Quebec) – May 6, 2019 - Lomiko Metals Inc. (TSX-
V:LMR, OTC:LMRMF, FSE:DH8C) (Lomiko or the “Company”) and Quebec Precious Metals
Corporation (TSX.V: CJC, FSE: YXEN, OTC-BB: CJCFF) (“QPM”) are pleased to announce the results
from four (4) new exploration diamond drill hole re ceived from the 2019 program (see Table 1
below, and Figure 1 ) at the Refractory Zone at the La Loutre graphite project (the “Project”). A total
of 21 holes were completed on the Refractory Zone f or a total of 2,985 metres. Results from the
remaining 16 holes will be reported as they are rec eived and compiled. Lomiko owns 80% of the
Project.
“We continue to see wide intercepts of graphite and new sections of very high-grade values. High
grades are a more common occurrence in the Refractory Zone.” stated A. Paul Gill, CEO.
Table 1: Results of the drill holes of the 2019 drill program. The width is drill indicated core length.
Insufficient data exists to determine true width at this time.
Drill Hole # Easting
(UTM)
Northing
(UTM) Azimuth Dip
Mineralization
Cg % From
(m)
To
(m)
Interval
(m)
LL-19-04 499567 5098041 65.9 -50 3.00 93.00 90.00 2.75
LL-19-14 499700 5097803 59.7 -50 80.70 99.00 18.30 4.43
LL-19-15 499751 5097832 64.8 -50 51.00 167.90 116.90 4.80
including 152.70 167.90 15.20 18.04
LL-19-16*
499851 5097829 66.5 -50 4.10 92.00 87.90 7.14
including 70.50 91.50 21.00 15.48
132.00 160.50 28.50 3.86
LL-19-17 499894 5097804 78.2 -50 15.00 62.30 47.30 7.56
including 51.00 62.30 11.30 17.45
96.00 126.00 30.00 1.96
*Results announced with the April 24, 2019 press release.
The drill campaign focuses on the Refractory Zone. An independent technical report in accordance
with National Instrument 43-101 – Standards of Disclosure for Mineral Projects, prepared by
B. Turcotte and G. Servelle of InnovExplo Inc. from Val-d’Or, Québec, and O. Peters, of
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AGP Mining Inc., dated March 24, 2016, was filed for the Project’s Graphene-Battery Zone. The
report presented a mineral resource estimate of 18. 4 M Tonnes at a grade 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% Cg. The Project also includes several untested anomalies.
On the basis of the available geophysical and 2016 drilling data, the strike length of the
mineralization is estimated at 900 m in the NW-SE d irection and is open in both directions.
A detailed interpretation of the results will be carried out to better estimate the thickness and strike
length of the mineralized zone.
The Project consists of contiguous claim blocks totaling 29 km 2 situated approximately 53 km E of
Imerys Carbon & Graphite, formerly known as the Tim cal graphite mine, North America’s only
operating graphite mine, and located 117 km NW of M ontreal. The mine has reported grades of
7.46% Cg over its 22-year life.
The 2019 exploration program is managed by Consul-T eck Exploration of Val-d'Or, Quebec, who
designed the drilling campaign, supervised the program and logged and sampled the core.
Quality Assurance/Quality Control
Consul-Teck Exploration implemented QA/QC procedures to ensure best practices in sampling and
analysis of the core samples. The drill core was logged and then split, with one half sent for assay
and the other retained in the core box as a witness sample. Duplicates and blanks were inserted
at a regular interval into the sample stream.
The samples in secure tagged bags were delivered directly to the analytical facility for analysis. In
this case, the analytical facility was the ALS Mine rals laboratory facility in Val-d'Or, Quebec. The
samples are weighed and identified prior to sample preparation. The samples are crushed to 70%
minus 2 mm, then separated and pulverized to 85% pa ssing 75µm. All samples are analyzed for
Cg using the C-IR18 method.
Qualified Person
Jean-Sebastien Lavallée (OGQ #773), Geologist, is a shareholder of both companies,
VP Exploration of QPM 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 www.lomiko.com , contact A. Paul
Gill at 604-729-5312 or email: [email protected].
On Behalf of the Board,
“A. Paul Gill”
Chief Executive Officer
We seek safe harbor. Neither 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 release