Lomiko Metals (TSXV:LMR,OTC:LMRMF,FWB:DH8B) announced results from the first 6 drill holes completed at the Quatre Milles East Flake Graphite Property in Quebec: results confirm wider zones than expected from current drilling than historical results with mineralization starting near surface.
As quoted in the press release:
- 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%
Lomiko Metals CEO A. Paul Gill said:
With 17 drill holes to report, we have already had unexpected intercepts outside the high grade graphitic beds discovered by Graphicor. This bodes well for the concept of a near-surface, open pit scenario