Lomiko Will Drill to Prove Up a Historic Quebec Graphite Target

By Greg Klein

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Will history repeat itself at the Quatre Milles Graphite Property? Lomiko Metals TSXV:LMR CEO Paul Gill evidently thinks so. His company nabbed the 1,600-hectare southwest Quebec property in January, partly because of its infrastructure but largely because of impressive historic results. Now Lomiko‘s about to bring those assays into compliance and, with success, develop a flake-graphite resource by December.

The company’s Phase I drill program intends to prove up historic work by Graphicor Resources, which undertook prospecting, mapping, geophysics and a 26-hole, 1,625-metre program between 1989 and 1991. Non-43-101 highlights include

Quebec: Lomiko's Quatre Milles Project is located in the Laurentian region.

• 8.07% carbon over 28.6 metres
• 8.07% over 8.7 metres
• 5.88% over 11.2 metres
• 8.6% over 7.6 metres
• 5.99% over 10.3 metres
• 5.72% over 8.1 metres
• 4.64% over 9.6 metres

The highest grade was 15.48% over 0.5 metres. Drilling was shallow, with a few intervals beginning less than a metre from surface and the deepest starting at 59.5 metres to reach a depth of 69.8 metres.

“The assays are historic and need confirmation, but we have confidence we’ll be able to verify them. Graphicor has done good work and has filed with the appropriate ministries in Quebec and Ontario,” Gill says. “One feature is that the drill holes are shallow; the intercepts start almost from surface. All the holes were located between a 300-by-400-metre area over an EM conductor. There is a target there.”

Having completed a $903,000 private placement in March, Lomiko‘s Phase I program will begin late spring or early summer with a $307,000, 16-hole, near-surface program to bring Graphicor’s results into 43-101 compliance. “There’s no major road building to do, so we anticipate Phase I will take a month to a month and a half,” Gill adds.

Contingent on first-phase success, Phase II will consist of a $724,000, 38-hole program, which would take up to two and a half additional months. Work will be done by Consul-Teck Exploration of Val-d’Or, whose VP Project Management Jean-Sébastien Lavallée wrote the 43-101 technical report that Lomiko filed in March.

“Val-d’Or is an easy hour drive away,” Gill points out. “There’s all that geological talent and skilled personnel there. Our property is 26 kilometres by paved road from the Trans-Canada Highway. There’s power in the area. One of the main attractions was infrastructure and access.”

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