Canada Strategic Metals Inc.
TSX VENTURE : CJC
FRANKFURT : YXEN
OTCBB : CJCFF

Canada Strategic Metals Inc.

November 04, 2014 09:30 ET

Canada Strategic and Lomiko Metals Intersect Multiple Graphite Zones on the La Loutre Property

MONTREAL, QUEBEC--(Marketwired - Nov. 4, 2014) - Canada Strategic Metals Inc. ("Strategic Metals" or the "Company") (TSX VENTUTRE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) and Lomiko Metals Inc. ("Lomiko") (TSX VENTUTRE:LMR)(PINKSHEETS:LMRMF)(FRANKFURT:DH8B) are very pleased to provide an update on drilling currently underway at the La Loutre Crystalline Flake Graphite Property.

Fourteen diamond drillholes have been drilled on the La Loutre property to date, all of which have intersected zones of graphite mineralization. The graphite occurs in disseminated form in multiple sections ranging from a few metres to several tens of metres long. Some sections also contain semi-massive to massive graphite mineralization over several metres. Photographs of the drill core and map can be found at the following link: http://www.canadastrategicmetals.com/en/projects/la-loutre.

The Company is very encouraged by these initial results, and is therefore planning to increase the program from 2,000 metres to 3,000 metres of drilling. The goal of the exploration program is to identify high-grade, near-surface graphite mineralization to rapidly build a resource at La Loutre project, suitable for conversion to battery-grade graphite.

Drillholes location table:

# Hole Easting Northing Elevation
(m)
footage
(m)
Azimuth Dip
LL-14-01 499338 5097211 316 102 55 -50
LL-14-02 499312 5097293 314 102 55 -50
LL-14-03 499223 5097288 322 102 55 -50
LL-14-04 499132 5097366 322 126 55 -50
LL-14-05 499164 5097266 325 135 55 -50
LL-14-06 499190 5097174 320 102 55 -50
LL-14-07 499193 5097094 327 102 55 -50
LL-14-08 499219 5096967 327 102 55 -50
LL-14-09 499280 5097005 319 36 55 -50
LL-14-10 499338 5097004 322 120 55 -50
LL-14-11 499325 5097110 321 120 55 -50
LL-14-12 499263 5097112 322 96 55 -50
LL-14-13 499249 5097191 321 100 55 -50
LL-14-14 499326 5096794 335 100 55 -50

Lomiko can earn 40% interest in the La Loutre Crystalline Flake Graphite Property, which is located in Quebec near the now-operating Timcal graphite mine, by spending $500,000 in exploration work on the project.

Jean-Sebastien Lavallée (OGQ #773), geologist, shareholder and 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.

The Company also announce that, at its annual meeting held on October 29, 2014, shareholders of the Company approved all the items, as follow:

1. Election of Directors
Names Votes
FOR
% of votes
FOR
Votes
WITHHELD
% of votes
WHTHHELD
Jean-Sébastien Lavallée 14,774,838 100.00% 573 0.00%
Hugo Monette 14,774,911 100.00% 500 0.00%
Paul Bonneville 14,773,911 99.99% 1,500 0.01%
Alan Sexton 14,774,911 100.00% 500 0.00%
2. Appointment of Raymond Chabot Grant Thornton LLP, as auditors
Votes
FOR
% of votes
FOR
Votes
WITHHELD
% of votes
WITHHELD
15,557,062 100.00% 500 0.00%

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

  • Jean-Sebastien Lavallee, P. Geo
    President & Chief Executive Officer
    819-354-5146

    Paradox Public Relations
    514-341-0408