Canada Strategic and Lomiko to Drill High Grade Flake Graphite Zone Which has Intercepts of 90.75 m of 9% Cg and 33.3 m of 14.62% Cg
MONTREAL, QUEBEC and VANCOUVER, BRITISH-COLUMBIA--(Marketwired - Apr 11, 2016) - Canada Strategic Metals Inc. ("Canada Strategic Metals" or "the Company") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) and Lomiko Metals Inc. (TSX VENTURE:LMR)(OTCQX:LMRMF)(FRANKFURT:DH8B) announced March 24, 2016 the filing of a technical report prepared in compliance with NI 43-101 was filed for the La Loutre Flake Graphite Property of 18.4 M Tonnes of 3.19% Indicated and 16.7 M Tonnes at 3.75% Flake Graphite Inferred with a cut-off of 1.5%.
The Resource did not include high grade intercepts of 28.5 Metres of 16.53% Cg and 21.5 Metres of 11.53% Cg reported January 6, 2016 and 9% over 90.75 metres reported September 24th 2015 from the Refractory Zone.
"The Graphene-Battery Zone has delivered excellent results but the La Loutre has much more to offer at the Refractory Zone," stated A. Paul Gill, CEO of Lomiko, "We need to drill the Refractory Zone to a resource level to confirm the full potential of the property. Further, Lomiko will complete metallurgy and graphite characterization studies in relation to a preliminary assessment of the best market for the graphite from the property."
Top Ten Drill Results at the La Loutre Flake Graphite Property
| Drill Hole # | Easting | Northing | Azimuth | Dip | Mineralisation | Gp | ||
| (utm) | (utm) | (°) | (°) | From (m) | To (m) | Length along the core | % | |
| LL-14-05 | 499164.32 | 5097258.01 | 60 | -50 | 6.65 | 135 | 128.35* | 4.72 |
| INCLUDES: | 6.65 | 20.2 | 13.55* | 9.37 | ||||
| INCLUDES: | 104 | 130.4 | 26.4* | 8.42 | ||||
| LL-14-14 | 499329.37 | 5096800.01 | 61 | -50 | 18.8 | 63.6 | 44.8* | 4.98 |
| INCLUDES: | 18.8 | 33.5 | 14.7* | 9.02 | ||||
| INCLUDES: | 18.8 | 22 | 3.2* | 13.6 | ||||
| INCLUDES: | 25.5 | 33.5 | 8* | 10.2 | ||||
| LL-14-15 | 499311.95 | 5096880.03 | 62 | -50 | 3.4 | 56.65 | 53.25* | 4.40 |
| INCLUDES: | 10.2 | 25.55 | 15.35* | 7.46 | ||||
| LL-14 -21 | 499284.08 | 5096548.51 | 54 | -50 | 15.3 | 35.6 | 20.3* | 8.01 |
| 59.9 | 75.4 | 15.5* | 5.91 | |||||
| LL-14-24 | 499121.75 | 5097081.97 | 61 | -50 | 14.1 | 32.25 | 18.15* | 7.73 |
| INCLUDES: | 14.1 | 19.4 | 5.3* | 13.15 | ||||
| 73 | 172.75 | 99.75* | 2.74 | |||||
| INCLUDES: | 73.95 | 77.05 | 3.1* | 8.68 | ||||
| INCLUDES: | 167 | 171.5 | 4.5* | 11.99 | ||||
| 216.55 | 218.6 | 2.05* | 3.5 | |||||
| 224.15 | 229 | 4.85* | 2.16 | |||||
| 274 | 291 | 17* | 1.24 | |||||
| LL-15-09 | 499388.04 | 5098113.08 | 67 | -50 | 116.25 | 207.00 | 90.75** | 9.00 ** |
| INCLUDES: | 136.50 | 199.30 | 62.80** | 11.88 | ||||
| INCLUDES: | 147.00 | 194.80 | 47.80** | 13.66 | ||||
| LL-15-15 | 499151.07 | 5097297.12 | 60 | -50 | 2.20 | 130.25 | 128.05* | 3.47 (1) |
| INCLUDES: | 2.20 | 19.80 | 17.60* | 4.87 | ||||
| INCLUDES: | 28.70 | 38.75 | 10.05* | 9.97 | ||||
| LL-15-33 | 499365.44 | 5096799.73 | 62 | -50 | 16.15 | 50.00 | 33.85* | 5.57 |
| INCLUDES: | 16.75 | 25.00 | 8.25* | 10.32 | ||||
| LL-15-50 | 499464.00 | 5098161.00 | 60 | -50 | 2.20 | 48.45 | 46.25** | 5.43 |
| INCLUDES: | 5.80 | 9.75 | 3.95** | 17.95 | ||||
| INCLUDES: | 42.70 | 46.95 | 4.25** | 15.56 | ||||
| LL-15-51 | 499368.00 | 5098226.00 | 60 | -50 | 4.20 | 37.50 | 33.30** | 14.62 |
| INCLUDES: | 9.00 | 37.50 | 28.50** | 16.53 | ||||
| 91.55 | 122.50 | 30.95** | 8.18 | |||||
| INCLUDES: | 91.55 | 98.50 | 6.95** | 18.31 | ||||
| INCLUDES: | 115.00 | 122.50 | 7.50** | 9.61 | ||||
| * | Length along the core. According to the Society, the true width of the drillhole represents between 70% and 95% along the core. |
| ** | The Company doesn't have enough information to estimates the true width of the mineralized zone intersected in the drill holes. |
| (1) | no sample 40.80-41.15; |
Qualified persons
Jean-Sebastien Lavallée (OGQ #773), Geologist, is a shareholder of both companies, President and Chief Executive Officer of the Canada Strategic 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
Jean-Sebastien Lavallee, P. Geo
President and Chief Executive Officer
819-354-5146
Paradox Public Relations
514-341-0408