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VANCOUVER, British Columbia & MONTREAL, July 21, 2015 (GLOBE NEWSWIRE) -- LOMIKO METALS INC. (TSX-V:LMR) (OTC:LMRMF) (FSE:DH8B) (the "Company") and Canada Strategic Metals (TSX-V:CJC) are pleased to announce that Forage Val D'Or Inc. has been awarded the contract for up to 10,000 metre drilling program at the La Loutre Crystalline Flake Graphite Properties located in Quebec. Over the past month since exploration began, crews have been prospecting, detail mapping and sampling, which will be followed by building roads and drill pads at the site.
"Flake Graphite has unique characteristics that makes it a better conductor of electricity and heat than copper," stated A. Paul Gill. "It will have an expanding role in a new green economy in new batteries, lighting, lubricants, printable electronics and in the nuclear industry."
To view jumbo flake graphite from La Loutre Property, please visit: http://orders.newsfilecorp.com/files/1944/16390_loutre03.jpg
The 2014 drilling program at La Loutre was managed by Consul-Teck Exploration of Val-d'Or, Quebec, who designed and will oversee the 2015 drilling campaign. The full set of drill results were reported in the February 9, 2015 news release.
After the current program is complete, the property will be assessed for a resource and if warranted, a pre-economic assessment (PEA). The primary focus is intersections which start within 15 metres of the surface as highlighted below. Viable near surface mineralization reduces the amount of waste rock that needs to be moved, reducing overall cost of the project and reducing environmental impact. The target cost per metric tonne of graphite from Canada to compete with graphite from China is under $800/per metric tonne USD.
The La Loutre Property reported grab samples up to 22.04% Carbon Flake Graphite (CFG) and Carbon Purity Test results reporting up to 100.00% Carbon Purity in the Large and Extra Large Flake Graphite categories. Details regarding these tests are available in a September 23, 2014 news release.
Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.
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.NEXT ARTICLE