Graphite Properties

 La Loutre Project (see Quick Links for 43-101)

The La Loutre Property consists of 1 large contiguous block of 42 mineral claims totaling 2,508.97 hectares (25.09 km2) located approximately 53 km east of Timcal's Lac des Iles graphite mine, 117 km northwest of Montréal in southern Québec.

The La Loutre Property was originally explored for base and precious metals by Soquem in 1989. Based on the results of a helicopter-borne electromagnetic (EM) survey, prospecting and reconnaissance geological mapping, their work identified several zones of parallel conductors each measuring as much as 2 kilometers long. Ground exploration followed in 1990, and according to historical reports by Levesque and Marchand, graphite is present in different lithologies on the property.

 

The geology is consistent with the Central Metasedimentary Belt of the Grenville Province and includes quartzofeldspathic rocks, quartzite, biotite gneiss, marble and locally pegmatitic quartzofeldspathic rocks. Graphite is locally present in quartzite and biotite gneiss and in shear zones where the graphite content usually ranges from 1-10% graphite on surface, including visible flakes, with the showings indicating an apparent strike length of approximately 5 kilometers, giving a large prospective area to explore for a graphite resource.

Graphite grab sample assay results derived from the Company's recent sampling and mapping program on the La Loutre property. The sampling program has confirmed a graphite bearing structure covering an area approximately 7 kilometers by 1 kilometer with results of up to 22.04% graphite in multiple parallel zones of 30-50 meters wide. Another area has also been identified covering approximately 2 kilometers by 1 kilometer in multiple parallel zones of 20-50 meters wide which includes results up to 18% graphite.

 

 

La Loutre Graphite Resource

 

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 sensitivity table also features 4.1 M Tonnes of 6.5% Indicated and 6.2 M Tonnes at 6.1% Flake Graphite Inferred with a cut-off of 3%. The Resource is calculated on the Graphene-Battery Zone only and does not include recent 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.

 

2016 Pit constrained Mineral Resource Estimate (Indicated and Inferred resources) at different cut-off grades – La Loutre Property 

The Independent and Qualified Persons for the Mineral Resource Estimate, as defined by NI 43-101, are Bruno Turcotte, M.Sc., P.Geo., and Guilhem Servelle, M.Sc., P.Geo, both of InnovExplo under the supervision of Vincent Jourdain, Ph.D., Eng., Technical Director of InnovExplo Inc.

The effective date of the estimate is January 15, 2016.

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

 Pit constrained results are presented undiluted within a Whittle-optimized pit shell, designed with a 30-m buffer around lakes.

The estimate includes 18 graphite-bearing zones grouping elevated carbon graphite grade (assays > 4% Cg), 4 graphite-bearing zones containing low carbon graphite grade (assays < 4 % Cg), 5 graphite-bearing quartzite (assays < 4% Cg), and a remaining external envelope hosting isolated low carbon graphite grade.

Pit constrained resources were compiled at cut-off grades of 0.5, 0.6, 0.8, 1.0, 1.5, 2.0, 2.5 and 3.0 % Cg. The official Pit constrained resource is reported at a cut-off grade of 1.5 % Cg.

Cut-off grades must be re-evaluated in light of prevailing market conditions (graphite price, exchange rate and mining cost).

Density (g/cm3) data used is on a per zone basis varying from 2.70 to 2.85 g/cm3.

A minimum true thickness of 4.0 m was applied, using the grade of the adjacent material when assayed, or a value of zero when not assayed.

Based on a study of the effect of high-grade values on the mean and standard deviations, as well as on log-normal histograms and probability plots, no raw assay was capped within the mineralized zones.

Compositing was done on drill hole sections falling within the mineralized zones (composite = 1.5 m).

Resources were estimated using GEOVIA GEMS 6.7 software from surface drill holes, using inverse distance squared (ID2) interpolation method in a block model (block size = 5 m x 5 m x 5 m).

By default, interpolated blocks were assigned to the Inferred category.

The reclassification to an Indicated category is defined in areas of spatial continuity in terms of information density visually observed and supported by the maximum distance to drill hole composites less than 30m.

Calculations used metric units (metres, tonnes and %).

The number of metric tonnes was rounded to the nearest hundred. Any discrepancies in the totals are due to rounding effects; rounding followed the recommendations in NI 43-101.

InnovExplo is not aware of any known environmental, permitting, legal, title-related, taxation, socio-political, marketing or other relevant issue that could materially affect the mineral resource estimate.

Whittle parameters used (all amounts in Canadian dollars): Reference Mining cost=$3.75, milling cost=$9.40/t, G&A=$2.11/t, graphite price=$1,910/t, milling recovery=95%, wall slopes of 45 degrees in rock and 18 degrees in overburden.

 

 

La Loutre Graphite Purity Results

 

 

US Mesh Sieve Size Sample #1 
3.46%  Cg
Size class Grade, % Graphite
-200 14.26% Fine 100.00%
200 – 100 mesh 22.12% Small 100.00%
100-80 mesh 7.90% Medium 100.00%
80-50  mesh 19.06% Large 96.00%
>50 mesh 36.66% Extra Large 87.72%
Total ( 200) 85.74% Average Grade 94.74%

 

 

-200 13.00% Fine 100.00%
200 – 100 mesh 21.26% Small 98.15%
100-80 mesh 10.46% Medium 97.56%
80-50  mesh 19.62% Large 97.30%
>50 mesh 35.67% Extra Large 96.15%
Total ( 200) 87.00% Average Grade 97.45%

 

-200 14.58% Fine 99.02%
200 – 100 mesh 23.68% Small 100.00%
100-80 mesh 9.87% Medium 100.00%
80-50  mesh 24.38% Large 100.00%
>50 mesh 27.47% Extra Large 100.00%
Total ( 200) 85.42% Average Grade 99.86%

 

Graphite Grab Sample Results

 

Graphite Results (Sample Number & Graphite Percentage)
# % # % # % # % # %
98557 22.04 98581 4.89 98567 2.97 98563 1.72 98660 1.04
98577 18.08 98670 4.49 98593 2.76 98628 1.69 98619 1.02
98667 18.04 98655 4.35 98552 2.63 98629 1.65 98631 1.00
98597 16.52 98560 4.29 98595 2.60 98592 1.64 98603 0.98
98578 15.52 98574 4.28 98626 2.60 98651 1.61 98602 0.97
98653 10.19 98579 4.25 98652 2.58 98669 1.58 98661 0.94
98622 8.20 98671 4.21 98654 2.48 98556 1.49 98564 0.94
98663 7.34 98668 3.96 98586 2.43 98585 1.47 98598 0.92
98615 6.85 98610 3.89 98627 2.27 98575 1.46 98606 0.87
98662 6.60 98617 3.80 98562 2.27 98571 1.46 98596 0.86
98657 6.53 98558 3.77 98591 2.21 98599 1.44 98565 0.85
98656 6.45 98561 3.72 98582 2.11 98621 1.41 98601 0.82
98607 6.28 98559 3.67 98630 1.99 98551 1.36 98612 0.80
98568 6.25 98580 3.59 98620 1.98 98625 1.25 98666 0.78
98576 6.25 98665 3.55 98658 1.96 98589 1.19 98613 0.77
98566 6.05 98673 3.40 98609 1.96 98623 1.16 98600 0.73
98618 5.48 98588 3.24 98572 1.96 98570 1.15 98611 0.72
98569 5.46 98583 3.21 98659 1.92 98604 1.14 98553 0.65
98664 5.36 98584 3.16 98614 1.87 98674 1.11 98555 0.46
98672 5.06 98587 3.01 98608 1.82 98590 1.10 98554 0.30
98616 5.00 98594 3.01 98605 1.73 98624 1.10 98573 0.16

 

* Grab samples are selective by nature and are unlikely to represent the average grade of a deposit.

 

Quatre Milles East-West Property

 

The Quatre Milles Property is road accessible and is located approximately 175 km northwest of Montreal and 17 km due north of the village of Sainte-Veronique, Quebec. The QMEW, staked in 2012, comprises of two claims blocks, one the East Claim Block consisting of 28 contiguous mineral claims covering 1,641 hectares for 16.41 km2 and the West Claim Block consisting of 37 contiguous mineral claims covering 2,183 hectares for 21.83 km2, all in good standing and 100% owned by Lomiko Metals Inc.   

 

Recent Discovery on Quatre Milles West

 

On July 10, 2014, a survey was conducted to characterize the sub-surface rocks with respect to their signature to the magnetic and VLF-EM methods, and to identify response possibly associated to graphite mineralized occurrences. In total, 88 VLF-EM conductors axis were identified.  23 new conductors are prioritized for further review.  Conductors that are associated to magnetic anomalies are likely caused by pyrrhotite rich sulphide occurrences.  However, most of the conductors do not show correlation with the magnetic signal and the strongest VLF-EM anomalies are thus possibly caused by graphite mineralization.

 

Download the VLF-EM Survey

 

Highlighted Drill Holes

  • QM 12-04 5.00 m to 75.00 m 70.00 meters of 2.17 Cg%

including 12.50 meters of 4.58 Cg%

  • QM 12-03 3.50 m to 54.62 m 51.12 meters of 1.48 Cg%

  • QM 12-06 40.00 m to 71.50 m 31.50 meters of 1.94 Cg%

  • QM 12-10 4.50 m to 47.42 m 42.92meters of 2.47 Cg%

including 5.46 meters of 8.02 Cg%

  • QM 12-16 31.48 m to 51.00 19.52meters of 6.23 Cg%

  • QM 12-17 5.20 m to 37.73m 32.53 meters of 2.89 Cg%

  • QM 12-19 2.00 m to 43.30m 41.30 meters of 2.73 Cg%

  • QM 12-20 4.30 m to 44.75 m 40.45 meters of 2.83 Cg%

including 3.45 meters of 10.01 Cg%

  • QM 12-21 1.35 m to 39.50 m 38.15 meters of 3.43 Cg%

including 4.77 meters of 10.80 Cg%

  • QM 12-22 11.20m to 51.00 m 39.80 meters of 3.71 Cg%

including 9.90 meters of 8.81 Cg%

  • QM 12-23 6.90 m to 50.10 m 43.20 meters of 3.71 Cg%


Complete Quatre Milles Drill Results (Click Link)

 

http://www.lomiko.com/public/files/others/Lomiko_Quatre%20Milles_2013_drill%20map.pdf

 

 

The property was originally staked and explored by Graphicor Resources Inc. (“Graphicor”) in the summer of 1989 based on the results of a regional helicopter-borne EM survey. The underlying geology consists of intercalated biotite gneiss, biotite feldspar gneiss, marble, quartzite and calc-silicate lithologies of the Central Metasedimentary Belt of the Grenville Province. Lomiko recently optioned the Quatre Milles West Property, a 2180 Ha Property with similiar geology. Combined, the Quatre Milles Property is 3,780 Ha.

Kaimika Lake & Quatre Mille Area

Map of the Quatre Mille Graphite Property & Area

Historical Highlights - Quatre Milles East

Graphicor completed reconnaissance mapping and prospecting as well as ground geophysics and a 26 hole diamond drill program totaling 1,625 metres. The work identified several conductive trends in the central portion of the property and at least three, relatively flat lying graphitic beds. Three surface samples were collected and analyzed returning results of 14.16% Cgf, 18.06% Cgf and 20.35% Cgf. 23 of the initial 26 drill holes intersected graphite concentrations with graphite concentration in range of 4.69% in hole Q90-1 to a highlight of 8.07% Cgf over 28.60 metres in hole Q90-7. The highest individual assay was reported in hole Q90-10 reporting 15.48% Cgf over 0.50 metres. A summary of historical drill results is as follows:

 

HOLE NO.

FROM(M)

TO(M)

WIDTH (M)

GRADE
(% CGP)

Q90-1

8.94

10.46

1.52

7.33

Q90-2

28.68

30.13

1.45

10.38

Q90-3

16.23

17.84

1.61

4.09

Q90-4

9.4

14.1

4.7

3.95

Q90-5

2

3.90

1.90

2.07

Q90-5

22.13

23.25

1.12

10.52

Q90-6

32.54

41.19

8.65

8.07

Q90-6

43.47

44.05

0.98

3.87

Q90-7

3.94

32.54

28.60

8.07

Q90-8

1.54

2.16

0.62

14.89

Q90-8

5.23

8.05

2.82

7.45

Q90-9

2.05

3.10

1.05

8.47

Q90-9

5.76

6.8

1.04

10.86

Q90-10

2.14

5.54

3.40

8.02

Q90-10

7.03

7.61

0.58

10.59

Q90-10

8.53

9.03

0.50

15.48

Q90-10

9.27

11.24

1.97

12.37

Q90-10

14.16

15.46

1.30

4.26

Q90-11

26.82

34.02

7.20

4.63

Q90-12

0.94

8.53

7.59

8.60

Q90-12

38.16

43.61

5.45

3.79

Q90-13

0.69

10.28

9.59

4.64

Q90-13

40.95

43.14

2.19

3.82

Q90-14

5.56

7.22

1.66

8.12

Q90-15

2.21

5.59

3.38

9.76

Q90-16

 

 

 

NSV

Q90-17

15.48

18.63

3.15

8.11

Q90-17

21.43

23.67

2.24

13.29

Q90-17

36.77

47.97

11.20

5.88

Q90-17

57.15

58.21

1.06

9.53

Q90-17

59.54

69.82

10.28

5.99

Q90-18

10.68

12.90

2.22

8.12

Q90-19

47.80

49.25

1.45

9.16

Q90-19

50.42

58.49

8.07

5.72

Q90-20

13.51

16.98

3.47

5.81

Q90-21

2.80

4.98

2.18

5.56

Q90-22

17.37

20.04

2.67

2.58

Q90-23

 

 

 

NSV

Q90-24

1.78

4.14

2.36

3.77

Q90-24

12.32

13.09

0.77

4.20

Q90-24

16.86

18.66

1.80

4.96

Q90-25

19.69

21.24

1.55

3.67

Q90-25

25.27

26.65

1.38

9.66

Q90-26

 

 

 

NSV

 

The Company cautions that it has not had the chance to verify the quality and accuracy of the historic sampling and drilling results reported in this news release which predate the introduction of NI 43-101 and cautions readers not to rely upon them. The historic figures were generated from sources believed to be reliable, however, they have not been confirmed. Although the sampling and drilling results are relevant, they have not been verified.

 

Graphicor geologists commented that the results of the initial drill program were extremely encouraging and recommended additional detailed drilling to properly understand and evaluate the potential of the property.

 

 

2015-16 Strategy

 

Report a Resource, and if warranted, a Pre-Economic Assessment for the La Loutre Project.

 

Jean-Sebastien Lavallée (OGQ #773), geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

LATEST NEWS

11/18/16

DRILLING FOR HIGH GRADE, NEAR SURFACE FLAKE GRAPHITE BEGINS AT LA LOUTRE

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11/10/16

LOMIKO RECEIVES PERMIT TO DRILL NEW ZONE WITH PREVIOUS INTERCEPTS OF 28.5 M OF 16.53% AND 21.5 M OF 11.53% FLAKE GRAPHITE

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11/09/16

GOLD SOARS IN WAKE OF US ELECTION - LOMIKO SEEKS PARTNER FOR GOLD EXPLORATION

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