Highlights
Assay results from the first six of 26 holes drilled at
Consistent, near surface graphite mineralization in mid-north section of
High-grade graphite values and significant widths in all six drill holes
Best interval: 4.49% Cg over 144.3m from 46.7 to 191.0m in hole LL-22-054 including 8.43% Cg over 55.5m from 46.7 to 102.2m
Multiple graphite layers encountered in holes LL-22-056, LL-22-057, and LL-22-058
Flake graphite mineralization is visually coarse-grained, indicating that the flake sizing may be bigger than in the EV zone
The drilling was supervised by
The drill program at La Loutre was initiated on
The assay results reported in this press release are for six holes at the mid-north section of the
Significant intervals of graphite mineralization were intersected in all six holes. The best intersection was 4.49 per cent graphitic carbon ('% Cg') over 144.3 metres ('m') from 46.7 to 191.0m in hole LL-22-054 including 8.43% Cg over 55.5m from 46.7 to 102.2m. This hole was stopped in mineralization, so the graphite interval in this hole is open at depth. Holes LL-22-056, -057, and -058 intersected multiple layers with significant graphite values. For example, Hole LL-22-058 encountered 4.10% Cg over 25.0m from 22.0 to 47.0m including 8.47% Cg over 11.5m from 25.0 to 36.5 m, and 1.28% Cg over 40.5m from 87.7 to 128.2m. Generally, it was noted that the graphite mineralization intersected in the Battery zone is visually more coarse-grained than the graphite mineralization intersected at the recently drilled
About
In addition to La Loutre, Lomiko is working with
About the
The Company holds a 100% interest in its La Loutre graphite development project in southern
The Property is underlain by rocks belonging to the
Contact:
E: k.darlington@lomiko.com
T: 514-771-3398
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This news release contains 'forward-looking information' within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be 'forward-looking information' ('FLI'). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as 'anticipates', 'plans', 'continues', 'estimates', 'expects', 'may', 'will', 'projects', 'predicts', 'proposes', 'potential', 'target', 'implement', 'scheduled', 'intends', 'could', 'might', 'should', 'believe' and similar words or expressions. FLI in this new release includes, but is not limited to: the Company's objective to become a responsible supplier of critical minerals, exploration of the Company's projects, including expected costs of exploration and timing to achieve certain milestones, including timing for completion of exploration programs; the Company's ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets); any anticipated impacts of COVID-19 on the Company's business objectives or projects, the Company's financial position or operations, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI reflects the Company's current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: current market for critical minerals; current technological trends; the business relationship between the Company and its business partners; ability to implement its business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a safe and effective manner; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in
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