| Announcement Date: | 2022-10-24 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Lomiko Metals Inc. |
| Project name: | La Loutre |
| Location: | Canada |
| Commodities: | Graphite |
| Highlight: | Drilling results incl. 119.8m at 7.6% from 81.2m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Montreal, Quebec – October 24, 2022 – Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) is pleased to announce the fifth round of analytical results from the infill and extension exploration drill program at its wholly-owned La Loutre Graphite property, located approximately 180 kilometres northwest of Montréal in the Laurentian region of Québec. Belinda Labatte, CEO and Director stated: “I am happy to see that the results from the last eleven holes drilled on EV zone in 2022 are in line with the results we announced in previous press releases. These results show significant mineralization over large intervals, including LL-22-044 with 7.60% Cg over 119.8m from 81.2 to 201m, consistent with previous results. The wide intervals encountered in 8 of the 11 holes further validate the continuity and the quality of the mineralization in the EV zone. We look forward to receiving the results from the 26 holes completed over the Battery Zone in August and September.” The drill program at La Loutre was initiated on May 15, 2022, with the goal to further define the deposit, provide the data needed to increase confidence in the mineral resource and build on the results of the positive Preliminary Economic Assessment (“PEA”) for the La Loutre project as announced in the Company’s July 29, 2021, press release. Lomiko has retained InnovExplo Inc, a Quebec-based independent consulting firm specializing in geology |
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