Lomiko Multiple 100m Intercepts Of High Grade Graphite Sets Up 43-101 and PEA

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 The Lomiko Metals (LMR:TSXV; LMRMF:OTCQB) flagship, high-grade  graphite project (La Loutre) was already looking pretty impressive  before its most recent press release, with the following attributes"

  • Indicated + inferred resource of 10 M Tonnes of 6% Cg at the Graphene-Battery Zone
  • 120 km from Montreal
  • 53 km from the only operating graphite mine in North America (5.2M Tonnes of 7.42% Cg)
  • Located in the mining + green friendly Province Of Quebec 

Despite  this, CEO Paul Gill wanted more tonnage and higher grade to really  position La Loutre as a serious supply source for the multiple battery  factors set for completion throughout North America in the next couple  of years. Well, it looks like he may very well have got it.
On July 9, Lomiko announced results from the remaining 16 holes (of 21) from the 2019 program and the headline says it all:
"Multiple  100m + Intercepts and Multiple 10% + Cg Zones At La Loutre.  Next  Steps: 43-101 Resource and Pre-Economic Assessment".