Lomiko Metals (‘Lomiko’, TSXV:LMR) has completed a sampling program at its Quatre Milles East Property. This region is well known for being one of the most prolific graphite terrains in North America and Canada’s largest graphite producer, Timcal, operates the Lac des Iles mine in this very region. Lomiko has gradually extended its Quatre Milles Property in the Grenville region of Quebec, exploring two separate areas of the graphite mineralization found at the original Quatre Milles site, allowing for Lomiko to have two separate claim blocks for a total property area of 3,780 hectares. Lomiko started its first phase of its exploration by studying the historical record from the work done by Graphicor Resources, which intersected high graphite mineralization at the property in 1989 in an effort to bring the Graphicor record into 43-101 compliance. The historic record shows graphite mineralization in various areas of the property, and at least three flat lying graphite beds. Notably, one assay showed a compact flake graphite sample at 15.9% carbon.
The most recent assays, which Lomiko announced last Friday, showed that hole Q90-10 produced 15.48% Cgf over 0.50 meters, the highest individual assay. Lomiko now expects to complete the first two phases of its initial historical record verification drill program to establish a large, crystalline flake graphite resource at Quatre Milles. While the records are promising, as noted above, Lomiko says one of the main advantages at Quatre Milles is that graphite interceptions begin close to the surface and that the drill holes are shallow. Demand for graphite is being driven, among other things, by innovations in Lithium-ion battery technology and apart from graphite Lomiko also owns a lithium property at Salar des Aguas Caliente in Chile next door to Chile’s biggest lithium producer, Sociedad Quimica y Minera de Chile, which offers good historical prospects.