LAURION announces channel sample assay results including 4.25 m grading 5.98 g/t gold and 9.93 g/t silver at CRK Zone, Ishkoday Project, Ontario
1
LAURION announces channel sample assay results including 4.25
m grading 5.98 g/t gold and 9.93 g/t silver at CRK Zone, Ishkoday
Project, Ontario
Three channel sample lines show continuity of high-grade
mineralization for >29 m along strike
High grade intersections include:
o 4.25 m grading 5.98 g/t gold, 9.93 g/t silver, 2.84% zinc
Including 0.99 m grading 24.4 g/t gold, 22.3 g/t
silver, 2.37% zinc
o 1.51 m grading 2.58 g/t gold, 21.2 g/t silver, 7.18% zinc
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES.
TORONTO, ONTARIO (October 13, 2020) – LAURION Mineral Exploration Inc. (TSX.V: LME
and OTCPINK: LMEFF) (“LAURION” or the “Corporation”) is pleased to report surficial
channel sampling assays of the Joe vein, located within the CRK Zone, Ishkoday
Project. The Joe vein is a target of LAURION’s ongoing 2020 phase 2 drill program.
The main CRK tre nched area (Figure 1) hosts both polymetallic (gold -silver-copper-
zinc) mineralization and gold -bearing quartz veins, as well as north -trending
polymetallic mineralization. In areas where these mineralized orientations converge,
the grade and width of mineralization increase (see September 29, 2020 news
release).
The Joe vein is a north -striking and subvertical polymetallic vein that was extended
and deformed during the emplacement of subsequent gold -bearing quartz vein s.
Previous work mainly focused on the NE-trending mineralization, which is the dominant
trend in the Loki trend of the Ishkoday Project. However, surficial channel sampling
suggests that these N -striking structures are also important hosts of high-grade gold,
silver and base metal mineralization.
Surface mapping of the Joe vein suggests that it initiated as a polymetallic vein that
was subsequently deformed into a shear zone and enriched in gold and silver.
Channel sampling shows a zoned structure with high -grade gold and silver in the
center and a lower -grade gold-silver margin ( Figure 2a ). Zinc and copper
mineralization show a similar trend, but the base metal zonation is wider ( Figure 2b).
Table 1, below, gives the significant channel sample assay results.
Table 1: Individual and interval channel sample results from channel sampling of the
Joe vein, CRK area. Composite assay results are shown.
2
Sample ID Length
(cm)
Azimuth
(°)
Gold
(g/t)
Silver
(g/t)
Copper
(wt%)
Zinc
(wt%)
2.91 m @ 0.68 g/t gold, 4.59 g/t silver, 1.82 % zinc
B617039 92 289 0.22 0.25 0.00 0.49
B617040 43 289 1.88 1.10 0.00 0.04
B617041 82 289 0.39 1.90 0.02 0.60
B617042 40 289 1.44 21.40 0.38 7.79
B617043 34 289 0.17 7.50 0.12 3.56
4.25 m @ 5.98 g/t gold, 9.93 g/t silver, 2.84 % zinc
B617046 29 309 0.06 2.70 0.01 0.83
B617047 48 309 0.10 3.40 0.03 2.84
B617048 58 309 0.73 8.60 0.04 1.54
B617049 39 309 0.31 6.20 0.13 3.11
B617051 61 309 0.35 7.60 0.10 7.86
B617052 99 309 24.40 22.30 0.13 2.37
B617053 47 309 0.76 7.10 0.10 2.23
B617054 44 309 0.13 5.30 0.14 0.36
1.51 m @ 2.58 g/t gold, 21.2 g/t silver, 7.18 % zinc
B617058 62 287 0.02 0.25 0.00 0.11
B617059 62 287 0.05 3.40 0.03 1.29
B617060 51 287 1.23 38.30 0.30 11.95
B617061 38 287 8.54 27.30 0.28 10.40
Diamond Drill Program update
2020 Phase 2 drilling is underway at the CRK Zone (see September 29, 2020 news
release) and 1,357 m have currently been drilled. Results from this drilling are pending.
Qualified Person
Mr. David Lewis, P. Geo. (PGO), LAURION ’s Exploration Manager, is a Qualified Person
as defined by National Instrument 43 -101 and has reviewed and approved the
content of this news release.
Channel samples are individually cut, perpendicular to mineralization, using a double-
bladed saw to specific lengths. Samples are cut to approximately 5cm width and 10
cm depth, with individual samples weighing approximately 1.5 to 4 kg. Channel
samples are inserted into individual plastic bags, labelled and contain ing unique
sample tags, and sealed. Aluminum tags with the sample tag information are inserted
at the beginning of each channel sample cut. Collected field data includes sample
number, channel azimuth, sample length, rock type and GPS UTM coordinates.
Samples are catalogued and industry -standard Quality Assurance/Quality Control
(QA/QC) samples are added, including standards, duplicates and blanks, in a pre -
established order. Samples are then sealed in nylon bags and shipped by LAURION
personnel to the ALS facility in Thunder Bay, Ontario.
3
All core and channel samples have been assayed by ALS Laboratories in Thunder Bay,
Ontario. Samples are processed by 4-acid digestion and analyzed by fire assay on 50
g pulps and ICP -AES (Inductively-Coupled-Plasma – Atomic-Element-Spectroscopy).
Over limit analyses are reprocessed with gravimetric finish.
About LAURION Mineral Exploration Inc.
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. The
Corporation currently has 197,139,978 outstanding shares, of which approximately
71% of LAURION’s issued and outstanding shares are owned and controlled by
Insiders who are eligible investors under the “Friends and Family” categories.
LAURION's emphasis is on the development of its flagship project, the 100% owned
mid-stage 47 km 2 Ishkoday Project, and its gold -silver and gold -rich polymetallic
mineralization with a significant upside poten tial. The mine ralization on Ishkoday is
open at depth beyond the current core-drilling limit of -200 m from surface, based on
the historical mining to a -685 m depth, in the past producing Sturgeon River Mine. The
recently acquired Brenbar Property, which is contiguous with the Ishkoday Property,
hosts the historic Brenbar Mine and LAURION believes that the mineralization to be a
direct extension of mineralization from the Ishkoday Property.
FOR FURTHER INFORMATION, CONTACT:
LAURION Mineral Exploration Inc.
Cynthia Le Sueur-Aquin – President and 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, which reflect the Corporation’s current
expectations regarding future events, including with respect to LAURION's business, operations and
condition, and management's objectives, strategies, beliefs and intentions. The forward -looking
statements involve ri sks 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 activities, changes in project parameters as
plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or
recovery rates, fail ure 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 we ll as those factors disclosed in the
Corporation’s publicly filed documents. 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.