LAURION Announces Drill Intercepts of 37.70 g/t Gold over 0.50 m, 6.60 g/t Gold over 1.00 m and 2.075 g/t Gold over 3.50 m at Ishkõday Project
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LAURION Announces Drill Intercepts of 37.70 g/t Gold over 0.50 m, 6.60 g/t
Gold over 1.00 m and 2.075 g/t Gold over 3.50 m at Ishkõday Project
Toronto, Ontario – December 11, 2024 – LAURION Mineral Exploration Inc. (TSX -V: LME)
(OTC: LMEFF) ("LAURION" or the "Corporation") is pleased to announce the results of the
first four drill holes from the 2024 Fall drilling campaign, totaling 3,291 metres (7 holes), at
the Ishkõday Project, which is located 220 km northeast of Thunder Bay, in Greenstone,
Ontario.
The recent drilling program focussed on quartz veins and shear zones in previously
undrilled areas northeast of the Sturgeon River Mine Shaft. These zones were uncovered
and validated during the Corporation’s Summer 2024 Field Program through detailed
stripping and channel sampling. Prioritized for the Fall 2024 Drill Program, the initial results
have uncovered notable mineralized intervals, thereby shedding light on the geological
structures of these newly identified zones, expanded the Corporation’s understanding of
the Ishkõday Project ’s mineral potential, and increased the Sturgeon River Mine
mineralized area.
Highlights and key intersections of the drill holes are as follows:
• LME24-049 - 0.60 m grading 2.58 g/t Au and 66.9 g/t Ag from 444.00 m;
• LME24-049 - 0.50 m grading 5.53 g/t Au from 622.75 m;
• LME24-049 - 3.50 m grading 2.08 g/t Au, including 1.00 m grading 6.60 g/t Au from
711.00 m;
• LME24-051 - 0.65 m grading 2.52 g/t Au within a broader interval of 2.15 m grading 0.83
g/t Au from 220.35 m;
• LME24-053 - 1.10 m grading 1.61 g/t Au, including 0.60 m grading 2.78 g/t Au from 74.50
m;
• LME24-053 - 0.50 m grading 2.93 g/t Au from 170.80 m; and
• LME24-055 - 1.20 m grading 17.47 g/t Au , including 0.50 m grading 37.70 g/t Au from
55.80 m.
“The Ishkõday Project encompasses a vast and highly prospective land package of 57
square kilometres, within which LAURION has delineated through strategic drilling and
fieldwork a prospective corridor spanning 6 kilometres in strike length and 2.5 kilometr es
in width, representing approximately 26.3% of the total property. This corridor hosts several
occurrences from two distinct overlapping mineralized systems, emphasizing the scale
and potential of the project ,” stated Cynthia Le Sueur -Aquin, President and CEO of
LAURION.
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“To date (inclusive of this 2024 Fall drill program, historical and modern drilling), 445 drill
holes totaling 90,009 metres, including 190 drill holes totaling 61,160 metres have been
conducted by LAURION as operator . Our consistently high success rate in intersecting
significant mineralization is a direct result of the rigorous standards applied to our
fieldwork, mapping, and 3D modeling. These efforts demonstrate our strategic and
systematic approach to exploring and unl ocking the potential of this geologically
complex and structurally controlled environment.”
Drill Hole LME24-049
Located 1,044 m northeast of the Sturgeon River Mine shaft, LME24 -049 targeted the
dilational zone of the primary sinistral shear zone associated with the Sturgeon River Mine,
the M50-series quartz veins, while intersecting multiple other quartz veins and shears.
Hole ID From (m) To (m) Core
Length (m)
Au (g/t)
LME24-049 444.00 444.60 0.60 2.580
LME24-049 523.90 524.50 0.60 1.010
LME24-049 622.75 623.25 0.50 5.530
LME24-049 651.25 651.80 0.55 2.080
LME24-049 658.65 659.15 0.50 0.714
LME24-049 698.80 699.30 0.50 0.450
LME24-049 711.00 714.50 3.50 2.075
Including 712.75 713.75 1.00 6.600
Drill Hole LME24-051
Positioned 650 m northeast of the Sturgeon River Mine shaft, LME24-051 tested the 85-M2
and 85-M3 veins.
Hole ID From
(m)
To
(m)
Core
Length (m)
Au
(g/t)
LME24-051 37.25 37.75 0.50 0.544
LME24-051 220.35 222.50 2.15 0.834
Including 221.35 222.00 0.65 2.520
LME24-051 242.50 243.50 1.00 0.318
LME24-051 295.00 298.00 3.00 0.191
Including 295.00 295.50 0.50 0.753
LME24-051 299.70 300.20 0.50 0.503
LME24-051 327.75 328.80 1.05 0.501
LME24-051 441.00 442.70 0.70 0.715
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Drill Hole LME24-053
Located 606 m east of the Sturgeon River Mine shaft, LME24-053 intersected the targeted
intersection between the M24 and M25 quartz veins, as well as the M21 vein.
Hole ID From
(m)
To
(m)
Core
Length (m)
Au
(g/t)
LME24-053 74.50 75.60 1.10 1.610
Including 75.00 75.60 0.60 2.780
LME24-053 90.20 91.00 0.80 0.438
LME24-053 117.30 118.60 1.30 0.308
Including 117.30 117.80 0.50 0.536
LME24-053 131.40 133.00 1.60 0.315
LME24-053 136.00 136.70 0.70 0.692
LME24-053 154.00 155.00 1.00 0.565
LME24-053 156.30 158.10 1.80 0.311
Including 156.30 157.15 0.85 0.521
LME24-053 170.8 171.3 0.50 2.93
Drill Hole LME24-055
Located 591 m northeast of the Sturgeon River Mine shaft, LME24-055 targeted the 85-M2
and 85-M3 veins.
Hole ID From
(m)
To
(m)
Core
Length (m)
Au
(g/t)
LME24-055 55.80 57.00 1.20 17.47
Including 56.50 57.00 0.50 37.70
LME24-055 120.10 120.60 0.50 0.308
LME24-055 136.80 137.30 0.50 2.090
LME24-055 155.65 156.70 1.05 0.300
Exploration Significance
The results from these drill holes located in new areas northeast of the Sturgeon River Mine
shaft, underscore the continuity and the consistent presence of gold mineralization at
the Ishkõday Project , particularly in structurally controlled quartz vein sy stems. Notably,
the high- grade intercept of 37.70 g/t Au in LME24- 055 demonstrates the high- grade
potential of the veins, in this case the 85-M2 vein.
These results reinforce our growing understanding of the complex structural framework at
Ishkõday and highlight the potential for further high -grade gold discoveries within this
mineralized system. LAURION continues to advance its exploration program with a focus
on refining its geological model and delineating additional high-grade zones.
LAURION is confident that its Fall 2024 Drill Program has contributed to the advancement
of the Ishkõday Project towards future development.
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Sampling and QA/QC Protocols
All drill core is transported and stored inside the core facility located at the Ishkõday
Project in Greenstone, Ontario. LAURION employs an industry standard system of external
standards, blanks and duplicates for all of its sampling, in addition to the QA/QC protocol
employed by the laboratory. After logging, core samples were identified and then cut in
half along core axis in the same building, and then zip tied individually in plastic sample
bags with a bar code. Approximately five or six of these individual bags were then
stacked into a “ rice” white material bag and stored on a skid for fi nal shipment to the
laboratory. All core samples were shipped to the ALS facility in Thunder Bay, which were
then prepared by ALS Global Geochemistry in Thunder Bay and analyzed by ALS Global
Analytical Lab in North Vancouver, British Columbia. Samples are processed by 4 -acid
digestion and analyzed by fire assay on 50 g pulps and ICP -AES (Inductively-Coupled-
Plasma – AtomicElement-Spectroscopy). Over limit analyses are reprocessed with
gravimetric finish. A total of 5% blanks and 5% standard are inserted randomly within all
samples. 5% of the best assay result pulps were sent for re-assays. All QAQC were verified,
and no contamination or bias have been observed. The remaining half of the core, as
well as the unsampled core, have been stored in temporary core racks at the core
logging facility in Beardmore. The core will be moved to the core storage facility at the
Ishkõday Project in the Spring of 2025.
Qualified Person
The technical contents of this release were reviewed and approved by Jean -Philippe
Paiement, PGeo, MSc, a consultant to LAURION, and a qualified person as defined by
National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About LAURION Mineral Exploration Inc.
The Corporation is a junior mineral exploration and development company listed on the
TSX Venture Exchange under the symbol LME and on the OTCPINK under the symbol
LMEFF. LAURION now has 273,494,904 outstanding shares of which approximately 72% are
owned and controlled by insiders who are eligible investors under t he “Friends and
Family” categories.
LAURION's emphasis is on the exploration and development of its flagship project, the
100% owned mid- stage 57 km 2 Ishkõday Project, and its gold -rich polymetallic
mineralization.
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
Douglas Vass - Investor Relations Consultant Email: [email protected]
Website: http://www.LAURION.ca
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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, management's objectives, strategies,
beliefs and intentions, the Corporation’s ability to advance the Ishkõday Project, the nature, focus, timing and potential
results of the Corporation’s exploration, drilling and prospecting activities in 2024 and beyond, including its Fall 2024 drilling
program and the Corporation’s other planned activities for the Ishkõday Project for the remainder of 2024. 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 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, 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 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. All sample values are from grab sa mples and channel samples, which by their nature, are
not necessarily representative of overall grades of mineralized areas. Readers are cautioned to not place undue reliance
on the assay values reported in this press release.
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