Discovery of a 5km Wide New Gold Bearing Corridor at Ishkoday
Page | 1
Discovery of a 5km Wide New Gold Bearing Corridor at Ishkoday
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTI ON IN CANADA ONLY AND IS NOT INTENDED FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
TORONTO, ONTARIO (April 30, 2019) - LAURION Mineral Exploration Inc. (TSX.V: LME) and (OTCPINK:
LMEFF) (“LAURION” or the “Corporation”) is pleased to announce results of the Corporation’s initial
construction of the litho-structural predictive model (the “ Model”) at the Corporation’s wholly-
owned Ishkoday Gold-Polymetallic Project (“Ishkoday”). LAURION’s work to date has interpreted
the presence of the new structural corridor: the 5km wide gold bearing Ishkoday Deformation
Zone (“IDZ”).
Additional predictive modeling will be performed by Mira Geoscience (“ Mira”) of Montreal
(Quebec), who will generate a comprehensive 3-D image of the shear/deformation zones in and
around Ishkoday, local faults, lithologies, and areas of potential enhanced quartz vein and
sulphide development to concentre gold, silver, copper and zinc. The 3D model will incorporate
LAURION’s project-wide database of 40,729m of diamond drilling, 14,992 individual samples with
assays and geochemical analysis , geological mapping and ground geophysical data. This 3D
inversion model will provide a comprehensive end product, which will serve as the basis for
effective exploration program decisions and drill targeting.
The Ishkoday Deformation Zone
LAURION has identified a new shear/deformation zone on Ishkoday, an apparent new splay from
the Paint Lake Shear/Deformation Zone (the “PLDZ”). The new Break is similar to the PLDZ, and to
other gold bearing deformation zones such as in the Abitibi Greenstone Belt: the Destor Porcupine
(“DPDZ”) and Cadillac Larder Lake Deformation Zone (“CLLDZ”), which host major gold deposits.
This major kilometric long and wide northeast-sout hwest structural corridor encompasses most of
the known precious and base metal mineralization at Ishkoday of the main 3km by 1km Target
Area (refer to the Corporation’s news releases dated December 4, 2018 and February 14, 2019 ).
Mineralization is open along strike to the east-northeast and west-southwest; and is open at depth
down-plunge beyond 650m as indicated from the historic Sturgeon River Mine development and
production.
Confidence in the model is demonstrated by the presence and abundance of surface exposed
mineralized shears and multi-directional gold-bearing quartz veins/stockworks with local sulphide
development (pyrite, chalcopyrite and sphalerite) . The structurally hosted gold mineralization is
primarily associated with more than 120 centimeter to meter wide quartz veins trending north to
northeast, extend 100’s to 1,000’s meters in leng th, intersect all lithologies, including older vein-
type copper-zinc mineralization.
Page | 2
Quartz veins, their extent and patterns mimic other lode gold deposits in the Abitibi Greenstone
Belt, as at the Canadian-Malartic, Sigma-La maque, Dome, Detour, Bousquet-Doyon-LaRonde
deposits.
For the purposes of the LAURION Model, the new shear/deformation zones of the Onaman outside
of the Break are the Northwind, Fairview an d Onaman “Breaks”. Ishkoday occurs on the
southernmost “Breaks”, the Sturgeon River Break, where there are at least two additional subsidiary
shear/deformation zones giving an overall 5 km wi dth to the combined IDZ. The proximity of the
PLDZ to the IDZ suggest a splitting of the former into multiple east-west to northeast-southwest
shears at Ishkoday, giving the Ishkoday Deformat ion Zone. The presence of multiple shears and
movement within the Break would significantly frac ture the brittle felsic volcanic package at
Ishkoday, allowing for the development of the observed quartz veins with gold-sulphides.
For further information on the Ishkoday mode l, please refer to the LAURION website -
http://laurion.ca/ishkoday-project/geology/ishkoday-model/
About LAURION
The Corporation is a junior mineral exploration and development company listed on the TSX-V
under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 143,630,084
outstanding shares of which 59.4% are owned and co ntrolled by Insiders and within the “friends
and family” category. The Corporation’s emphasis is on the development of its flagship project,
the 100% owned mid-stage Ishkoday Gold-Polymet allic Project containing a significant upside
potential.
LAURION’s current exploration is focussed on Ishkoday’s near term potential of major near surface
mineral resources in both gold and base metals based on the network of un-developed quartz
veins similar to those observed at other gold deposits in the immediat e region and in other
greenstone belts.
Mr. Jean Lafleur, P. Geo. (APGO, OGQ), LAURION ’s Technical Advisor to the Board of Directors, is
a Qualified Person as defined by National Instrument 43-101 guidelines, and has reviewed and
approved the content of this news release.
FOR FURTHER INFORMATION, CONTACT:
LAURION Mineral Exploration Inc.
Cynthia Le Sueur-Aquin – President & CEO
Tel: 1-705-788-9186
Fax: 1-705-805-9256
Website: http://www.LAURION.ca
Caution Regarding Forward-Looking Information
This press release contains forward-looking statements, whic h reflect the Corporation’s current expectations regarding
future events, including with respect to LAURION 's busin ess, operations and condition, management's objectives,
strategies, beliefs and intentions, the details, anticipated ti ming and completion of the transactions and other matters
outlined in this press release, including without limitation, th e timing, completion and future results of the Corporation’s
exploration program at Ishkoday. The forward-looking statements involve risks and uncertainties. Actual events and future
results, performance or achievements expressed or implied by such forward-looking statements could differ materially from
those projected herein including as a result of a change in the trading price of the common shares of LAURION , the
interpretation and actual results of current exploration activi ties, changes in project parameters as plans continue to be
refined, future prices of gold and/or other metals, possible va riations in grade or recovery rates, failure of equipment or
processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the
mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as
Page | 3
those factors disclosed in the Corporation’s publicly filed do cuments. Investors should consult the Corporation’s ongoing
quarterly and annual filings, as well as any other additional documentation comprising the Corporation’s public disclosure
record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is
cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any
obligation to update these forward-looking statements.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES
OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS
NEWS RELEASE.