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

Canada Strategic Metals Inc.

June 15, 2015 09:00 ET

Exploration Begins at the La Loutre and Lac des Iles West Crystalline Flake Graphite Properties

MONTREAL, QUEBEC--(Marketwired - June 15, 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 pleased to announce that they have started exploration at the La Loutre and Lac Des Iles West Crystalline Flake Graphite Properties located in Quebec. After completion of commitments outlined in a February 9, 2015 press release, Lomiko would own 80% interest in each property and Canada Strategic Metals would own 20% non-dilutive interest until construction decision on both properties. Lomiko is fully funded to complete its 2015 work program.

The La Loutre Property consists of 1 large contiguous block of 42 mineral claims totalling 2,508.97 hectares (25.09 km2) located approximately 53 km Southeast of Imerys Carbon and Graphite Lac des Iles graphite mine, 117 km northwest of Montréal in southern Québec.

Phase 1 of the 2015 exploration work would consist of a 5,000 meter delineation and definition diamond drilling program with NQ size core to outline potential compliant mineral resources in all categories in follow-up to the initial 2014 drill campaign which outlined graphite mineralization over a 800 meter strike length. Also, part of the program will be dedicated to test others parallel zones as a part of the exploration program. Drilling should reach a vertical depth of 150 meters, the "rule-of-thumb" physical depth limit of a standard open pit.

Of particular interest is an area of the La Loutre Property which 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. Drilling in 2014 (below) indicated significant near-surface mineralization. Details regarding these tests are available in a September 23, 2014 press release.

The 2014 drilling program at La Loutre was managed by Consul-Teck Exploration of Val-d'Or, Quebec, who designed the drilling campaign, supervised the program and logged and sampled the core. A full set of drill results are reported in the February 9, 2015 press release.

Highlighted Drill Results From La Loutre

Hole # From (m) To (m) Length* (m) Gp %
LL-14-05 6.65 135.00 128.35 4.72
LL-14-15 3.40 56.65 53.25 4.40
LL-14-17 3.70 17.90 14.20 6.52
LL-14-19 3.00 15.40 12.40 5.36
LL-14-21 15.30 35.60 20.30 8.01
LL-14-24 14.10 32.25 18.15 7.73

* Length along the core. The Company estimates the true width of the mineralized zone at 70 to 90% of the width intersected in the drill holes.

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.

The Lac des Iles West property consists of 1 large contiguous block of 104 mineral claims totaling 5,601.30 hectares (56.01 km2) that borders the western limit of the Imerys Lac Des Iles property which is the location of the Imerys Carbon and Graphite Mine and Processing Facility. The Property is close to the town of Mont-Laurier, 150 km northwest of Montréal in southern Québec.

The Phase 1 exploration work will consist of prospecting, mapping and sampling with a focus to determine the strike length of the graphitic mineralization outlined during the 2012 prospecting program by Canada Strategic Metals and a magnetic-electromagnetic survey on the entire property. Once the strike length is validated with the graphite bearing bedrock grab samples, the surface mineralization and matching conductors would be drill tested and assayed to a vertical depth of -100 meters, with preliminary metallurgical testing of the graphite bearing drill core, if program report results of merit for drilling program.

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

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

    Christophe Romary
    President
    514-913-7483

    Paradox Public Relations
    514-341-0408

    Momentum PR
    450-332-6939