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

December 17, 2014 09:00 ET

Once Again La Loutre Delivers Near Surface, Wide Graphite-Bearing Zones with an Intercept of 4.98% Gp Over 44.80 Metres Including 9.02% Gp Over 14.70 Metres and 4.40% Gp Over 53.25 Metres...

...Including 7.46% Gp Over 15.35 Metres

MONTREAL, QUEBEC--(Marketwired - Dec. 17, 2014) - Canada Strategic Metals Inc. ("Strategic Metals" or the "Company") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) and Lomiko Metals Inc. ("Lomiko") (TSX VENTURE:LMR)(OTC PINK:LMRMF)(FRANKFURT:DH8B) are very pleased to announce the results for five more holes of the recent drilling campaign on the La Loutre Graphite project. The La Loutre property consists of contiguous claim blocks totalling approximately 2,500 hectares (25 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.

The goal of the exploration program was to identify high-grade, near-surface graphite mineralization to rapidly build a resource at La Loutre project. A total of twenty-five holes, for a total of 3,137 metres, were drilled to test a surface graphite showing and assess the potential extension of the graphite mineralization.

The Company has received the graphite assay results for five more holes, LL-14-11 to LL-14-15. All five returned wide graphite intersections with: 3.19% Gp over 32.00 metres including 12.38% over 2.50 metres, 3.04% Gp over 5.20 metres and 1.38% over 3.30 metres from Hole LL-14-11; 3.00% Gp over 33.00 metres including 13.18% Gp over 2.00 metres from Hole LL-14-12; 2.74% Gp over 55.60 metres, including 9.60% Gp over 4.30 metres from Hole LL-14-13; 4.98% Gp over 44.80 metres including 9.02% Gp over 14.70 metres, 13.60% Gp over 3.20 metres and 10.20% Gp over 8.00 metres from Hole LL-14-14 and 4.40% Gp over 53.25 metres including 7.46% Gp over 15.35 metres from Hole LL-14-15. The mineralized intersections and assay results are shown in the table below.

"The Company is very pleased that all the recent drill results from its last exploration program confirm the quality and potential of the La Loutre project," said Jean-Sebastien Lavallée, Chief Executive Officer of Canada Strategic Metals. "We are looking forward to receiving the results for the fifteen other holes of the program."

The Company will release the results for the remaining holes as soon as they have been received and compiled.

A map of hole localisation and results is available on the web site of the company at: www.csmetals.ca

TABLE OF MINERALIZED INTERSECTIONS FROM THE RECENT DRILLING CAMPAIGN

Hole # From (m) To (m) Length* (m) Gp %
LL-14-01 18.50 39.00 20.50 1.36
69.00 81.00 12.00 1.54
LL-14-02 8.60 28.00 19.40 2.56
55.00 71.50 16.50 1.54
LL-14-03 3.00 89.50 86.50 2.55
Including 3.00 54.40 51.40 2.45
Including 59.00 75.00 16.00 5.08
LL-14-04 39.00 117.00 78.00 2.74
LL-14-05 6.65 135.00 128.35 4.72
Including 6.65 20.20 13.55 9.37
Including 104.00 130.40 26.40 8.42
LL-14-06 3.90 102.00 98.10 2.74
LL-14-07 3.30 102.00 98.70 2.12
LL-14-08 10.50 16.50 6.00 2.55
52.50 102.00 49.50 2.20
Including 72.00 102.00 30.00 2.84
Including 83.00 102.00 19.00 3.36
LL-14-09 NSV
LL-14-10 3.00 43.00 40.00 3.12
Including 35.00 41.50 6.50 6.34
Including 38.55 41.50 2.95 8.88
LL-14-11
including
3.00
31.00
35.00
33.50
32.00
2.50
3.19
12.38
86.00 91.20 5.20 3.04
107.70 111.00 3.30 1.38
LL-14-12
including
32.00
63.00
65.00
65.00
33.00
2.00
3.00
13.18
LL-14-13
including
5.30
56.60
60.90
60.90
55.60
4.30
2.74
9.60
LL-14-14
Including
Including
including
18.80
18.80
18.80
25.50
63.60
33.50
22.00
33.50
44.80
14.70
3.20
8.00
4.98
9.02
13.60
10.20
LL-14-15
including
3.40
10.20
56.65
25.55
53.25
15.35
4.40
7.46
* 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.

TABLE OF DRILLHOLE COLLAR LOCATIONS

Hole # Easting Northing Elevation
(m)
Footage
(m)
Azimuth
(°)
Dip
(°)
LL-14-01 499338 5097211 316 102 60 -50
LL-14-02 499312 5097293 314 102 55 -50
LL-14-03 499223 5097288 322 102 65 -50
LL-14-04 499132 5097366 322 126 65 -50
LL-14-05 499164 5097266 325 135 60 -50
LL-14-06 499190 5097174 320 102 62 -50
LL-14-07 499193 5097094 327 102 55 -50
LL-14-08 499219 5096967 327 102 65 -50
LL-14-09 499280 5097005 319 36 65 -50
LL-14-10 499338 5097004 322 120 55 -50
LL-14-11 499325 5097110 321 120 65 -50
LL-14-12 499263 5097112 322 96.3 55 -50
LL-14-13 499249 5097191 321 102 60 -50
LL-14-14 499326 5096788 335 110 60 -50
LL-14-15 499309 5096900 329 93 62 -50
LL-14-16 499381 5096926 328 102 65 -50
LL-14-17 499428 5096763 347 135 65 -50
LL-14-18 499393 5096846 340 123 60 -50
LL-14-19 499353 5096683 343 141 60 -50
LL-14-20 499258 5096626 337 102 65 -50
LL-14 -21 499285 5096545 339 102 55 -50
LL-14-22 499235 5096736 329 129 62 -50
LL-14-23 499163 5096936 331 177 60 -55
LL-14-24 499117 5097085 307 291 60 -50
LL-14-25 499107 5097219 318 285 60 -50

The November 2014 drilling program 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.

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 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