Posted by AGORACOM
at 11:22 AM on Friday, May 31st, 2019
(Vancouver, B.C.) Lomiko Metals
(TSXV: LMR, OTCQB: LMRMF FSE: DH8C) has received welcome news from the
provincial governments of Quebec and B.C. this week just as gas prices
reach all-time highs. With new incentives for the purchase of Electric
Vehicles, it may propel new car buyers to electric vehicles. The B.C.
government is counting on this and will require all new vehicles sold in
the province to be zero-emission by 2040. The plan will be phased in
over time, with new legislation mandating that 10 percent of new
light-duty vehicle sales be zero-emission by 2025 and 30 percent by
2030.
“With
the advent of incentives to purchase Electric Vehicles, and green
project funding in Quebec, Canada will not only meet but exceed carbon
target. Surely, the target of 10% zero-emission vehicles by 2025 can be
acheived.” said A. Paul Gill, CEO of Lomiko Metals Inc.
Zero-emission
versions of top-selling models, like the Ford F-150, are still not
available. There are also concerns about the impact of cold weather on
battery life, the number of charging stations, and the cost of
zero-emission vehicles relative to gas vehicles.
Posted by AGORACOM
at 7:35 AM on Monday, May 6th, 2019
Results from four (4) new exploration diamond drill hole received from the 2019 program
A total of 21 holes were completed on the Refractory Zone for a total of 2,985 metres
Results from the remaining 16 holes will be reported as they are received and compiled
Lomiko Metals Inc. (TSX-V:LMR, OTC:LMRMF, FSE:DH8C)(Lomiko or the “Companyâ€) and Quebec Precious Metals Corporation (TSX.V: CJC, FSE: YXEN, OTC-BB: CJCFF)(“QPMâ€) are pleased to announce the results from four (4) new exploration diamond drill hole received from the 2019 program (see Table 1 below, and Figure 1) at the Refractory Zone at the La Loutre graphite project (the “Projectâ€). A total of 21 holes were completed on the Refractory Zone for a total of 2,985 metres. Results from the remaining 16 holes will be reported as they are received and compiled. Lomiko owns 80% of the Project.
Drilling Map with Highlighted Results from May 2019 (Photo: Business Wire)
“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.
Mineralization
Drill Hole #
Easting (UTM)
Northing (UTM)
Azimuth
Dip
From (m)
To
(m)
Interval
(m)
Cg %
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.
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 direction 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 km2 situated approximately 53 km E of Imerys Carbon & Graphite, formerly known as the Timcal graphite mine, North America’s only operating graphite mine, and located 117 km NW of Montreal. The mine has reported grades of 7.46% Cg over its 22-year life.
The 2019 exploration program is managed by Consul-Teck 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 Minerals 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% passing 75µm. All samples are analyzed for Cg using the C-IR18
method.
Qualified Person
Jean-Sebastien Lavalleìe (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].
Tags: #Battery, #Electric, #graphite, #LaLoutre, #Quebec, #QuebecPreciousMetals, graphene, lithium] Posted in Lomiko Metals | Comments Off on Lomiko Metals $LMR.ca 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% flake graphite at the La Loutre Project $DNI.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca
