MONTREAL, QUEBEC--(Marketwired - Sept. 24, 2015) - Canada Strategic Metals Inc. ("Canada Strategic Metals" or "the Company") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) and Lomiko Metals Inc. (TSX VENTURE:LMR)(OTC PINK:LMRMF)(FRANKFURT:DH8B) are very pleased to announce the results for eleven (11) exploration holes in the area where high grade samples were discovered and reported July 29, 2015. The recent drilling campaign on La Loutre Graphite property has highlighted high grade drills holes intercept along 500 metre strike length that is open in all directions.
The La Loutre property consists of contiguous claim blocks totalling approximately 2,867.29 hectares (28.67 km2) situated approximately 53 km east of Imerys Carbon and Graphite, formerly known as the Timcal Graphite Mine, North America's only operating graphite mine, and 117 km northwest of Montreal.
Highlighted Results*
| Mineralization | |||||||||||||
| Drill Hole # |
Easting (UTM) |
Northing (UTM) |
Azimuth (degrees) |
Dip (degrees) |
From (m) |
To (m) |
Length along the core |
Gp % |
|||||
| LL-15-01 | 499261 | 5097902 | 60 | -50 | 5.90 | 11.35 | 5.45 | 11.65 | |||||
| LL-15-02 | 499207 | 5097991 | 4.35 | 9.60 | 5.25 | 14.76 | |||||||
| Including: | 4.35 | 8.60 | 4.25 | 17.69 | |||||||||
| LL-15-04 | 499177 | 5098217 | 60 | -50 | 4.75 | 12.50 | 7.75 | 7.25 | |||||
| LL-15-09 | 499388 | 5098121 | 67 | -50 | 116.25 | 207.00 | 90.75 | 9.00 | |||||
| Including: | 136.50 | 199.30 | 62.80 | 11.88 | |||||||||
| Including: | 147.00 | 194.80 | 47.80 | 13.66 | |||||||||
| * Length along the core. The Company doesn't have enough information to estimates the true width of the mineralized zone intersected in the drill holes. |
After the current program is complete, the property will be assessed for a resource and if warranted, a pre-economic assessment ("PEA"). 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.
In addition, Lomiko hopes to define material > 99.99% Graphite Crystalline Flake to serve as the base material for testing graphite for the ultrapure carbon market and for conversion to graphene and use in 3D Printing and Supercapacitors.
A map of hole localisation and results is available on the web site of the Company at: www.csmetals.ca.
Table of mineralized intersections in new zone*
| Mineralization | |||||||||||||
| Drill Hole # |
Easting (UTM) |
Northing (UTM) |
Azimuth (degrees) |
Dip (degrees) |
From (m) |
To (m) |
Length along the core |
Gp % |
|||||
| LL-15-01 | 499261 | 5097902 | 52 | -50 | 5.90 | 11.35 | 5.45 | 11.65 | |||||
| LL-15-02 | 499207 | 5097991 | 4.35 | 9.60 | 5.25 | 14.76 | |||||||
| Including: | 4.35 | 8.60 | 4.25 | 17.69 | |||||||||
| 91.50 | 96.00 | 4.50 | 2.83 | ||||||||||
| LL-15-03 | 499142 | 5098108 | 60 | -50 | 66.85 | 79.80 | 12.95 | 2.34 | |||||
| 96.30 | 100.80 | 4.50 | 2.12 | ||||||||||
| LL-15-04 | 499177 | 5098217 | 60 | -50 | 4.75 | 12.50 | 7.75 | 7.25 | |||||
| 61.70 | 72.90 | 11.20 | 6.07 | ||||||||||
| 89.10 | 103.10 | 14.00 | 3.66 | ||||||||||
| LL-15-05 | 499272 | 5098329 | 60 | -50 | 49.70 | 91.80 | 42.10 | 4.12 | |||||
| 118.25 | 154.35 | 36.10 | 5.64 | ||||||||||
| Including: | 147.50 | 154.35 | 6.85 | 14.64 | |||||||||
| LL-15-06 | 499282 | 5098220 | 67 | -50 | 50.20 | 62.70 | 12.50 | 5.56 | |||||
| LL-15-07 | 499299 | 5098142 | 60 | -50 | 22.50 | 28.80 | 6.30 | 3.40 | |||||
| LL-15-08 | 499406 | 5097806 | 60 | -50 | NSV | ||||||||
| LL-15-09 | 499388 | 5098121 | 67 | -50 | 116.25 | 207.00 | 90.75 | 9.00 | |||||
| Including: | 136.50 | 199.30 | 62.80 | 11.88 | |||||||||
| Including: | 147.00 | 194.80 | 47.80 | 13.66 | |||||||||
| LL-15-10 | 499353 | 5097997 | 69 | -50 | 110.90 | 113.00 | 2.10 | 2.85 | |||||
| LL-15-11 | 499404 | 5097913 | 61 | -50 | 114.00 | 115.00 | 1.00 | 5.94 | |||||
| *Length along the core.The Company doesn't have enough information to estimates the true width of the mineralized zone intersected in the drill holes. |
| **No significant value |
The 2015 drilling 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.
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 regularly 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 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 75um. All samples are analyzed for Carbon Graphite using C-IR18.
Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder of both companies, President and Chief Executive Officer of the Company and a Qualified Person under NI 43-101, has reviewed and approved the technical content of this release.
About Canada Strategic Metals
Canada Strategic Metals is an emerging company focused on the exploration and development of a number of projects covering over 20,000 hectares in Quebec. With broad management experience in green technology and junior resource exploration and development, Canada Strategic Metals is well positioned to aggressively advance this promising property portfolio for its shareholders.
For more information on the Company, please visit www.csmetals.ca.
Neither the 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.
Contact Information:
President and Chief Executive Officer
819-354-5146
Paradox Public Relations
514-341-0408