Lomiko Metals Inc. is delighted to report that it has begun an infill and extension drill program at its fully owned La Loutre graphite project, which is located about 180 km northwest of Montréal in the Laurentian area of Québec, as of May 17th, 2022. At the “Electric Vehicle” or “EV” and the Battery regions, the program expects to drill approximately 18,000 m in 120 holes.
Breakaway Exploration Management of Québec has been commissioned by Lomiko Metals to plan and execute the 2022 exploration drilling program at the La Loutre project, with Fusion Drilling doing the drilling. Based on site factors, the Company estimates that the drilling program will take four to five months to accomplish.
Following the conclusion of the drilling and test findings, Lomiko has appointed InnovExplo, a Quebec-based independent consulting firm specializing in geology, mining engineering, and sustainable development, to generate a revised NI 43-101 resource estimate for the La Loutre project.
The program’s purpose is to expand on the favorable Preliminary Economic Assessment for the La Loutre site revealed in the Company’s press release on July 29th, 2021. Lomiko has also received UL ECOLOGO® certification for mineral exploration, which is already being deployed in the field, as revealed in a press release issued on March 22th, 2022.
Initiating the infill and extension drill program at the La Loutre graphite project is an important step in the project development as we look to increase confidence in our mineral resources. We also appreciate the ongoing engagement that is required with our communities as we move forward with this exploration program and the future studies of this project.
Belinda Labatte, CEO and Director, Lomiko Metals Inc.