LOMIKO RECEIVES DRILLING PERMIT FOR 75 - 100 DRILL HOLES AT LA LOUTRE
CRYSTALLINE FLAKE GRAPHITE PROPERTY AND MONITORS SALES AND REVENUE
DEVELOPMENTS AT GRAPHENE 3D LAB
JULY 6, 2015 TSX-V: LMR
Vancouver, BC, New York, NY & Montreal, QC- LOMIKO METALS INC. (TSX-V:LMR,
OTC:LMRMF, FSE
H8B) (the “Company”) and Canada Strategic Metals (TSX-V: CJC) are
pleased to announce they have received two drilling permit for 5,000 metres each at the La
Loutre Crystalline Flake Graphite Properties located in Quebec.
"Approximately 10,000 metres of drilling are planned at La Loutre. Drilling should reach a vertical
depth of no more than 150 meters, the “rule-of-thumb” physical depth limit of a standard open
pit.", stated A. Paul Gill, CEO, "Our goal is to become a low-cost producer of graphite in Quebec.
A good example of an open pit mining operation established on this principal is the Imerys
Carbon and Graphite Mine located nearby."
After the current program is complete, the property will be assessed for a resource and if
warranted, a pre-economic assessment (PEA). The primary focus are intersections which start
within 15 metres of the surface as highlighted below. Viable near surface mineralization reduces
the amount of waste rock that needs to be moved, reducing overall cost of the project and
reducing environmental impact. Recent PEA publications in the graphite industry indicating
capital expenditures of 100 million dollars or more for developing a project and a oversupply of
graphite projects requiring sustained prices of over $ 2500 per tonne prices stress the need to
deliver a low CAPEX Project with sustainable costs in a small, volatile market.