Vancouver, British Columbia--(Newsfile Corp. - June 17, 2015) - Lomiko Metals (TSXV: LMR) (FSE: DH8B.F) (OTCQX: LMRMF) and Canada Strategic Metals (TSXV: CJC) have started exploration at the La Loutre and Lac Iles West crystalline flake graphite properties in Quebec.
InvestmentPitch.com has produced a "video news alert" which provides a brief overview of the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Lomiko" in the search box.
After completion of commitments outlined in a February news release, Lomiko would own 80% interest in each property with Canada Strategic owning the balance of 20%. Lomiko is fully funded to complete its 2015 work program.
The La Loutre Property which consists of one large contiguous block of 42 mineral claims totalling approximately 2,500 hectares, is located 117 kilometres northwest of Montreal, Quebec.
Phase 1, a 5,000 metre delineation and definition diamond drill program, is designed 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 metre strike length. Highlights from the 2014 drill program released in February showed intersects of up to 8% Gp. Part of the program will be dedicated to test other parallel zones. Drilling should reach a vertical depth of 150 metres, 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 and Carbon Purity Test results reporting up to 100.00% Carbon Purity in the Large and Extra Large Flake Graphite categories.
The Lac des Iles West property consists of one large contiguous block of 104 mineral claims totaling approximately 5,600 hectares. It borders the western limit of the Imerys Lac Des Iles property, host to the Imerys Carbon and Graphite Mine.
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, and a magnetic-electromagnetic survey on the entire property. Once the strike length is validated, the surface mineralization and matching conductors would be drill tested and assayed.
David Morgan, publisher of the Morgan Report on Money, Metals and Mining, interviewed Paul Gill during the Vancouver Resource Investment Conference. The interview (click here) is available for viewing on InvestmentPitch.com.
The company currently trades at $0.04, and with 156 million shares outstanding, the company is capitalized at $6.2 million.
For more information about Lomiko, please visit the company's website www.lomiko.com, contact A. Paul Gill, CEO at 604-729-5312 or email info@lomiko.com.
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