Canada Strategic and Lomiko Agree to Carry Out a Flake Graphite Resource Estimate at La Loutre Based on Drill Results
MONTREAL, QUEBEC--(Marketwired - Nov 4, 2015) -
Note to editors: Two images are included with this press release on Marketwired's website.
Canada Strategic Metals Inc. ("Canada Strategic Metals" or "the Company") (TSX VENTURE:CJC)(FRANKFURT:YXEN)(OTCBB:CJCFF) and Lomiko Metals Inc. (TSX VENTURE:LMR)(OTC PINK:LMRMF)(FRANKFURT:DH8B) are very pleased to announce that they will proceed with a resource estimate to define a flake graphite resource at La Loutre, based on the results from 25 holes drilled in 2014 and the first 26 infill holes drilled in 2015 on the Graphene-Battery zones. Results have been reported for 26 holes drilled as part of the 2015 infill drilling program, with results for 22 additional holes still pending.
The La Loutre property consists of contiguous claim blocks totalling approximately 2,867.29 hectares (28,67 km2) situated approximately 53 km east of Imerys Carbon and Graphite, formerly known as the Timcal Graphite Mine, North America's only operating graphite mine, and 117 km northwest of Montreal.
Table of Mineralized Graphene-Battery Zone intersections (HOLES 20-26)*
| Hole # | From (m) | To (m) | Length* (m) | Gp % |
| LL-15-20 | 2.60 | 16.00 | 13.40 | 6.54 |
| Including | 7.60 | 15.00 | 7.40 | 10.82 |
| 74.30 | 157.90 | 83.60 | 2.61 | |
| Including | 154.50 | 157.90 | 3.40 | 10.88 |
| LL-15-21 | 2.50 | 7.00 | 4.50 | 4.30 |
| 63.25 | 136.80 | 73.55 | 2.86 | |
| Including | 63.25 | 65.40 | 2.15 | 9.51 |
| Including | 133.00 | 136.80 | 3.80 | 13.42 |
| LL-15-22 | 79.65 | 164.60 | 84.95 | 3.67 |
| Including | 79.65 | 85.00 | 5.35 | 8.73 |
| Including | 158.70 | 164.60 | 5.90 | 11.40 |
| 185.95 | 192.00 | 6.05 | 3.21 | |
| LL-15-23 | 107.35 | 200.00 | 92.65 | 3.36 |
| Including | 107.35 | 113.70 | 6.35 | 8.12 |
| Including | 193.00 | 196.35 | 3.35 | 13.65 |
| LL-15-24 | 31.65 | 56.50 | 24.85 | 6.45 |
| Including | 31.65 | 35.00 | 3.35 | 10.01 |
| Including | 47.80 | 55.00 | 7.20 | 12.94 |
| 68.00 | 150.00 | 82.00 | 2.72 | |
| Including | 68.00 | 73.00 | 5.00 | 9.10 |
| LL-15-25 | 41.55 | 70.00 | 28.45 | 5.56 |
| Including | 41.55 | 44.90 | 3.35 | 8.71 |
| Including | 59.20 | 67.15 | 7.95 | 10.56 |
| 82.00 | 180.40 | 98.40 | 3.15 | |
| Including | 82.00 | 92.60 | 10.60 | 5.37 |
| Including | 175.20 | 180.00 | 4.80 | 10.38 |
| LL-15-26 | 28.45 | 123.00 | 94.55 | 2.42 |
| Including | 28.45 | 32.50 | 4.05 | 8.56 |
| * | Length along the core. The true width of the drill hole represents between 80% and 95% along the core. |
The 2015 drilling program is managed by Consul-Teck Exploration of Val-d'Or, Quebec, who designed the drilling campaign, supervised the program and logged and sampled the core.
Consul-Teck Exploration implemented QA/QC procedures to ensure best practices in sampling and analysis of the core samples. The drill core was logged and then split, with one half sent for assay and the other retained in the core box as a witness sample. Duplicates and blanks were inserted regularly into the sample stream.
The samples in secure tagged bags were delivered directly to the analytical facility for analysis. In this case, the analytical facility was the ALS minerals in Val-d'Or, Quebec. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separated and pulverized to 85% passing 75um. All samples are analyzed for Carbon Graphite using C-IR18.
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.
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.
Two maps are available at the following links :
http://media3.marketwire.com/docs/Graphene-Battery-Zones.pdf
http://media3.marketwire.com/docs/Refractory-zone-location.pdf
Contact
Jean-Sebastien Lavallee, P. Geo
President and Chief Executive Officer
819-354-5146
www.csmetals.ca
Paradox Public Relations
514-341-0408
