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Canadian Graphite Company Receives Exploration Drilling Permits for Quebec Project

Stockhouse Editorial
1 Comment| April 22, 2022

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(Location of existing and planned 2022 holes. Map via Lomiko Metals Inc. Click to enlarge.)

Lomiko Metals Inc. (TSX-V: LMR, Forum) announced on Friday that it had received approvals from Quebec’s Ministère des Forêts, de la Faune et des Parcs (MFFP) to start with its infill and step-out exploration drilling program at its wholly-owned La Loutre graphite project, located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory within the Outaouais and Laurentides regions, 180 kilometers northwest of Montreal.

Lomiko intends to keep building on the results of the positive Preliminary Economic Assessment (PEA) for the La Loutre property. The company plans to develop its projects into production, it is taking early steps towards an eventual Pre-Feasibility Study. Lomiko intends to de-risk the La Loutre project and increase confidence in its mineral resource estimates as it further defines the quantity and quality of the resource via the exploration program which will also serve to test the extremities of the deposits.

The PEA confirmed that the EV and Battery Zones are sources of mineral material that, when processed, would yield concentrated graphite of high purity over 95% graphitic carbon (Cg).

For further details on this news, click here.



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