As you know, AGORACOM conducts Beyond the Press Release Interviews for the purpose of speaking with small cap executives about recent news and events. Yesterday Lomiko Metals announced their intention to complete a 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property.
LOCATION: The Quatre Milles Property is road accessible and is located approximately 175 km northwest of Montreal and 17 km due north of the village of Sainte-Veronique, Quebec. The property consists of 28 contiguous claims totaling approximately 1,600 hectares.
HISTORICAL HIGHLIGHTS:
-Graphicor completed reconnaissance mapping and prospecting as well as ground geophysics and a 26 hole diamond drill program totaling 1,625 metres.
-The work identified several conductive trends in the central portion of the property and at least three, relatively flat lying graphitic beds.
-Three surface samples were collected and analyzed returning results of 14.16% Cgf, 18.06% Cgf and 20.35% Cgf.
-23 of the initial 26 drill holes intersected graphite concentrations with graphite concentration in range of 4.69% in hole Q90-1 to a highlight of 8.07% Cgf over 28.60 metres in hole Q90-7.
-The highest individual assay was reported in hole Q90-10 reporting 15.48% Cgf over 0.50 metres.
Graphite Facts
-Natural graphite comes in several forms: flake, amorphous and lump.
-Southwestern Quebec is host to some of the most favorable geological terrain for graphite exploration in Canada and is known to host graphite resources, including the nearby Lac Des Iles mine operated by Timcal.
-Graphite has many important new applications such as lithium-ion batteries, fuel cells, and nuclear and solar power that have the potential to create significant incremental demand growth.
-There is roughly 20-30 times more graphite by weight need to produce a lithium-ion battery than there is lithium.
-Of the 1.2 million tonnes of graphite produced annually, approximately 40 per cent is of the most desirable flake type.
-High-growth, high-value graphite applications require large-flake and high-purity graphite which is the prime exploration and development target at the Quatre Milles Property.
Paul Gill, Chief Executive Officer of Lomiko Metals joins us to discuss the company’s exploration initiatives.
Lomiko Metals is a sponsor of our recently launched GraphiteStocksBlog.com . As always, assume we are horribly conflicted when speaking with sponsors and do your own due diligence.