Lomiko Metals encounters up to 27.9% graphite at its Laurentides early-stage projects, including the discovery of four new zones at the Ruisseau project spanning over 3 kilometres long
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Lomiko Metals encounters up to 27.9% graphite at its Laurentides early-stage
projects, including the discovery of four new zones at the Ruisseau project
spanning over 3 kilometres long
January 7, 2025—Montreal, Québec: Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or
the “Company”) is pleased to announce numerous high-grade results from work on four properties
included in the Laurentian Project. The work in the late Summer and Fall of 2024 involved “Beep-
Mat” prospecting and sampling along airborne geophysical trends and extending sampling from
surface graphite showings previously found by the Company.
Highlights:
Ruisseau - grades up to 27.9 percent carbon graphite (“% Cg”) from four distinct high
grade mineralized zones that are over 3km long;
Meloche - grades up to 13.3% Cg from two distinct mineralized clusters;
Tremblant - grades up to 11.6% Cg from numerous, widespread spot anomalies; and
Dieppe - grades up to 6.82% Cg from numerous, widespread spot anomalies and a distinct
mineralized cluster.
Work Summary
The field work was completed by Breakaway Exploration Management Inc. (“Breakaway”) on
four claim blocks held 100% by the Company approximately 200 kilometers northwest of
Montréal within a 100 km radius of the Company’s flagship La Loutre development project in the
Laurentian region of Quebec. The Beep-Mat is an electromagnetic survey instrument designed
and manufactured by Instrumentation GDD Inc. in Quebec City, Quebec. The “Mat” is pulled on
the ground and takes continuous readings while the operator walks. It makes a distinctive audible
“Beep” when detecting a conductive body within a radius of three metres. The Beep-Mat is very
effective at locating graphite mineralization, which is inherently highly conductive, on the
Laurentian Project properties. Selected grab samples were collected at spots where graphite
mineralization was identified by the Beep-Mat. Assay results are considered anomalous if greater
than 1% Cg, low grade if greater than 5% Cg, moderate grade if greater than 10% Cg and high
grade if greater than 20% Cg.
Gordana Slepcev, CEO, President and Director of Lomiko Metals, stated: “We are very pleased
with the significant graphite grades encountered on all four properties in just the second year of
field work. We are especially delighted by the Ruisseau results that outline four high-grade zones,
including the Northwestern zone, which is at least 1.5km long with maximum grades up to 27.9%
Cg. The strong assay results show the continuity and the quality of the mineralization.”
Ruisseau 2024 Results
From a total of 107 selected grab samples collected on the Ruisseau property in 2024, 24 samples
returned results greater than 20% Cg, 55 samples returned results greater than 10% Cg, 71 samples
returned results greater than 5% Cg and 92 samples returned results greater than 1% Cg. Four
distinct linear high grade graphite zones were encountered including:
the “Northwestern” zone exposed over a horizontal distance of 1,500m with maximum
values up to 27.9% Cg;
the “Western” zone exposed over a horizontal distance of 1,300m with maximum values
up to 24.7% Cg;
the “Eastern” zone exposed over a horizontal distance of 200m with maximum values up
to 21.7% Cg; and
the “Southern” zone exposed over 75m exposed with maximum values up to 17.6% Cg.
All zones trend slightly northeast except for the Southern zone, which trends east. All zones are
new discoveries except for the Southern zone which was first encountered by the Company in
2023. Although discontinuous, it appears that the Southern zone may be up to 500m long on
Ruisseau and may trend off the property both to the east and west. All the Ruisseau zones appear
to be several 10s of meters wide on the surface, but true widths are uncertain due to extensive
overburden cover. Refer to figure 1, 1a and 1b for details.
Meloche 2024 Results
A total of 15 selected grab samples were collected on the Meloche property in 2024. Two distinct,
moderate grade graphite clusters were identified. The northern cluster returned maximum values
up to 13.3% Cg, whereas the southern cluster returned maximum values up to 12.2% Cg. Not
enough prospecting and sampling was done on Meloche to determine the orientation or linear
extent of these clusters. Refer to Figure 2 for details.
Tremblant 2024 Results
A total of 47 selected grab samples were collected on the Tremblant property in 2024. Widespread
graphite mineralization was identified as numerous spot anomalies with values greater 1% Cg.
Two of these spot anomalies returned 11.6% and 5.7% Cg, respectively. No distinct graphite
trends or clusters were found on the Tremblant property. Refer to Figure 3 for details.
Dieppe 2024 Results
A total of 84 selected grab samples were collected on the Dieppe property in 2024. Widespread
graphite mineralization was identified as numerous spot anomalies with values greater 1% Cg. A
distinct mineralized cluster measuring 300m long by 200m wide was identified in the southwestern
part of the property. This cluster by is defined by numerous graphite values greater than 1% Cg
with a maximum value of 6.82% Cg. Refer to Figure 4 for details.
2025 Work
The Company intends to continue exploration work on the Laurentian Project in 2025. This work
will focus on further evaluating the dimensions and continuity of the four zones identified on the
Ruisseau property in preparation for stripping and drilling. Additional prospecting and sampling
are expected to be undertaken on the Meloche, Tremblant, and Dieppe properties.
QAQC and Analytical Procedures
In the filed, each sample site was recorded into a GPS-enabled field computer. Each sample was
photographed and then placed in a plastic bag with a uniquely numbered 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 delivered in person by Breakaway personnel to
Activation Laboratories Ltd. (“Actlabs”) in Val-d’Or, Quebec and subsequently transported by
Actlabs to its Ancaster, Ontario facility.
At Actlabs Ancaster, 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 per cent graphitic carbon 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
acts 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.
Company Updates
Gordana Slepcev, CEO & President, will be presenting on January 15 to 16, 2025, in Toronto at
the 6th Edition Decarbonized Mines Summit Canada 2025, with a focus on Energy Transition and
Emission Reduction for the metals and mining industry.
Interested shareholders can view the Company’s Investor presentation at the following link:
https://lomiko.com
Figure 1: Ruisseau Results
Figure 1a: Ruisseau West Results
Figure 1b: Ruisseau East Results
Figure 2: Meloche Results
Figure 3: Tremblant Results