{"id":1125610,"date":"2019-07-09T18:06:30","date_gmt":"2019-07-09T18:06:30","guid":{"rendered":"https:\/\/www.mining.com\/?p=996092"},"modified":"2019-07-09T18:06:30","modified_gmt":"2019-07-09T18:06:30","slug":"lomiko-metals-shares-take-off-on-new-drill-results","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1125610","title":{"rendered":"Lomiko Metals shares take off on new drill results"},"content":{"rendered":"<p>Lomiko Metals Inc. (TSXV:LMR) <a rel=\"noreferrer noopener\" aria-label=\"has released (opens in a new tab)\" href=\"https:\/\/www.lomiko.com\/uncategorized\/lomiko-metals-and-quebec-precious-metals-report-multiple-100-m-intercepts-and-multiple-10-cg-zones-at-la-loutre-flake-graphite-project\/\" >today released<\/a> drill results from the remaining 16 holes at the Refractory zone\u00a0of the La Loutre graphite project in Qu\u00e9bec. A total of 21 holes have been completed at the zone, for a total of 2,985 metres. La Loutre is 80% owned by Lomiko, while Quebec Precious Metals Corporation (TSXV:CJC) owns the rest of the project.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>Shares of Lomiko Metals went up by 12.5% on Tuesday. The company&#8217;s market cap currently stands at approximately C$3.4 million. <\/p>\n<p>The drill results released today include multiple intercepts over 100 metres or exceeding 10% Cg\u00a0(carbon flake graphite), highlighted by 18.85% Cg over 7.5 m, 9.89% Cg over 103.5 m, 4.93% Cg over 111.0 m and 12.38% Cg over 16.3 m.<\/p>\n<p>Based on a technical report released in march 2016, La Loutre contains an estimated mineral resource of 18.4 million tonnes at 3.19% Cg in the indicated category and 16.7 million tonnes at 3.75% Cg in the inferred category. The project is located about 53 km away from <a rel=\"noreferrer noopener\" href=\"http:\/\/www.imerys-graphite-and-carbon.com\/about\/organization\/manufacturing-plants\/\" >Imerys Graphite &amp; Carbon&#8217;s mine<\/a> in Lac-des-\u00celes &#8212; the only operating graphite mine in North America. <\/p>\n<p>Lomiko plans to follow up on today&#8217;s results by completing a new resource estimate for the entire project, including the 36 new holes completed since the 2016 report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today&#8217;s results include multiple intercepts over 100 metres or exceeding 10% Cg (carbon flake graphite).<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1125610"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1125610"}],"version-history":[{"count":4,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1125610\/revisions"}],"predecessor-version":[{"id":1125658,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1125610\/revisions\/1125658"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1125610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1125610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1125610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}