Laurion Announces Fifth New Polymetallic Discovery Linked to Sulphide /Oxide-Sulphide Veins from the Crk Zone at the Ishkoday Project
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LAURION ANNOUNCES FIFTH NEW POLYMETALLIC DISCOVERY LINKED TO
SULPHIDE /OXIDE-SULPHIDE VEINS FROM THE CRK ZONE AT THE ISHKODAY PROJECT
Yielding interval channel results of 3.28m @ 1.46 g/t gold, 4.16 g/t silver, 3.09% zinc , in a mix
Sulphide and Oxide-Sulphide Vein
In addition to individual channel sample results of 0.33m @ 7.15 g/t gold, 170 g/t silver, 11.25%
zinc in a Sulphide Vein
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 (November 12, 2019) - Laurion Mineral Exploration Inc. (TSX-V: LME; OTCPINK: LMEFF)
(“LAURION” or the “Corporation”) is pleased to issue new assay results (the “ Results”) from channel
sampling at the fifth newly discovered sulphide (consisting of sphalerite, chalcopyrite and pyrite) and
magnetite-chlorite-actinolite-sulphide (“Oxide-Sulphide”) veins in the CRK Zone West segment ( the
“#32-62 Trenches”) (Figures 1 and 2) at the Corporation’s wholly -owned Ishkoday Project (“ Ishkoday”),
located 220 km northeast of Thunder Bay, Ontario.
Cynthia Le Sueur -Aquin, President & CEO of Laurion, states: “ These most recent results increase the
scope of our Ishkoday Project and, taken together with the known occurrences of gold in the historic
Sturgeon River mine wallrocks, as documented earlier in results from the mine stockpile, confirm that we
are likely in the upper reaches of a very substantial polymetallic mineralizing system which may extent to
depths in excess of 600m.”
Highlights from the #32-62 Trench include:
The Oxide -Sulphide Veins are late 030° -045° trending shears, post -dating the earlier 320° -020°
trending Sulphide Veins found elsewhere on Ishkoday, and especially here in #32 -62 Trenches.
The most significant individual channel assay results occur in the same 40m by 2m wide, N -S
trending combined Sulphide and Oxide-Sulphide Vein from Trench #32 (Figure 3) include:
o 0.33m @ 7.15 g/t gold, 170.00 g/t silver, 11.95% zinc, 1.10% copper and 0.91% lead
(sample 868076)
o 0.51m @ 0.73 g/t gold, 8.40 g/t silver, 13.95% zinc and 0.25% copper (868026); and
o 0.61m @ 0.68 g/t gold, 7.00 g/t silver and 10.45% zinc (867889).
In the adjacent Trench #62 (Figure 4), they include:
o 0.38m @ 1.07 g/t gold, 21.40 g/t silver, 30.00% zinc and 0.61% copper (869994);
o 0.84m @ 0.63 g/t gold, 9.00 g/t silver and 10.95% zinc (867747); and
o 0.55m @ 6.07 g/t gold, 11.30 g/t silver and 6.21% zinc (867796), all in the same combined
NE-SW Sulphide and Oxide-Sulphide Vein.
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The current length of the gold and base metal mineralization from the contiguous mineralization
of the #56-65 Trenches and Trench #36 and recent prospecting suggest the Sulphide and Oxide -
Sulphide Veins now extends some 550m in total in a NE-SW trend.
Individual and composite interval channel samples assay results greater than 1 g/t gold and/or greater
than 1% zinc from the new 90m by 20m #32-62 Trenches are summarized in appended Table 1. These
new results build on the previously released results elsewhere in the CRK Target zone (refer to the
Corporation’s news releases of September 12, September 24, October 18 , October 25 and October 29,
2019):
The 190m by 20m Trench #36 from the main central segment of the CRK Zone is wedged
between the #56-65 Trenches to the NE; Trench #39 to the SE; #32 -62 Trenches and Trench #37
to the W -SW; and Trench #34 (Azurite segment) to the N -NW. Trench #36 features extensive
Oxide-Sulphide Veins development, and yielded up to 2.62m @ 0.84 g/t gold, 2.50 g/t silver,
5.23% zinc, containing a higher grade portion of 4.50 g/t gold, 13.10 g/t silver, 20.40% zinc over
0.30m, in a Sulphide Vein. A second interval 3.02m long gave 1.19 g/t gold, 2.30 g/t silver, with a
higher grade portion of 9.14 g/t gold, 16.30 g/t silver over 0.27m, in a section of the “A -2” Quartz
Vein.
The 120m long by 10 -15m wide #56 -65 Trenches also features continuous Oxide -Sulphide veins.
In addition, the “A-2” Quartz Vein, is contiguous to the NE of Trench #36, giving a full length of
310m to the gold and base metal mineralization . The #56 -65 Trenches yielded 3.25m @ 1.44 g/t
gold, 6.37 g/t silver, 2.42% zinc, 0.08% copper, 0.01% lead and 1.37m @ 1.39 g/t gold, 9.84 g/t
silver, 3.68% zinc, 0.10% copper, 0.04% lead, in Oxide -Sulphide Veins; and 0.76m @ 13.85 g/t gold,
5.20 g/t silver in the “A-2” Quartz Vein;
Channel sample ass ay results from the SW Segment in Trench #39 is located 100m SE of Trench
#36, and yielded up to 1.11m @ 4.97 g/t gold, 8.00 g/t silver, 1.35% zinc, 0.20% copper, 0.04%
lead, 1.06m @ 0.18 g/t gold, 45.69 g/t silver, 25.00% zinc, 0.03% copper, 6.21% lead ; and 1.55m @
0.72 g/t gold, 5.10 g/t silver, 2.19% zinc, 0.08% copper, 0.24% lead;
Trench #36 is also located 75m NE of t he SW Segment (Trench #37) which yielded up to 1.00m @
9.66 g/t gold, 14.6 g/t silver, 2.09% zinc, 0.30% copper in a single sample, and a composite
interval of two samples giving 1.78m @ 4.34 g/t gold, 27.02 g/t silver, 4.27% zinc, 0.28% copper ;
and
Channel samples assay results from the Azurite Segment Trench #34 are located 200m due NW
of the Trench #36, and yielded up to 7.50m @ 0.90 g/t gold, 35.26 g/t silver, 5.71% zinc, 0.53%
copper.
Refer to tables and maps on LAURION’s website and Trench # 32 and #62 (Table 2; Figures 1, 2, 3 and 4)
using the following link:
http://www.laurion.org/ishkoday-project/highlights/2019-field-exploration-program/
QA-QC Protocols
Samples for assay from this program are initially processed and prepared by ALS Global Geochemistry in
Thunder Bay (Ontario), with pulps sent to and analyzed by ALS Global Analytical Lab in North
Vancouver (BC), using the Fire Assay method of an alysis. LAURION employs an industry standard system
of external standards , blanks and duplicates for all its sampling in addition to the QA/QC protocol
employed by the laboratory.
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Each channel sample was individually cut using a double -bladed saw by a LAURION field technician to
lengths chosen by the senior geologists , approximately a 5cm width and 10cm depth. Individual
samples weighed from 3 to 8kg. Each channel was sampled by LAURION field technicians, and inserted
in individual plastic bags , each wi th ALS sample tags , and sealed. Metal tags with the ALS sample
number were inserted at the beginning of each sample channel cut. The field data gathered includes
sample number , azimuth of the channel , channel/sample lengths , geology and geo -reference using
UTM coordinates.
Individual plastic sample bags were then returned to the LAURION field office where they are
catalogued and inserted in large nylon bags with s tandards, blanks and duplicates in a pre-established
sequence. The nylon bags were then seale d and transported by LAURION technicians to the ALS facility
in Thunder Bay . Ontario. Once at ALS , individual samples are again catalogued using the bar coding
system, dried, weighed, crushed, pulverized to 70% <2mm , and riffle -split for final pulverization to 85%
<75µm. A final 50 gram pulp split is taken for Fire Assay using Au -ICP22 gold analysis up to 10 ,000 ppb
gold. Samples giving results beyond 10 ,000 ppb gold are re -analyzed with a new 50 gram pulp split to
ore grade levels using a gravimetric finish.
The Four Acid Digestion with ICP -AES Finish is used for multi -elements analysis that includes silver, zinc,
copper and lead. Zinc, copper and lead values greater than 10 ,000ppm are re-analyzed using the Four
Acid Overlimit Methods with results given in percent.
Qualified Persons
Mr. Jean Lafleur , P. Geo. (PGO , OGQ). LAURION’s VP Exploration is a Qualified Person as defined by
National Instrument 43-101 and has reviewed and approved the technical content of this news release.
About Laurion
The Corporation is a junior mineral exploration and development company lis ted on the TSX-V under the
symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 172,415,816 outstanding
shares of which approximately 5 7.4% 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 44 km 2
Ishkoday Project , and its gold -silver and gold -rich polymetallic mineralization with a significant upside
potential. Ishkoday has a project -wide database (2008 to 2018) that includes 283 diamond drill holes
totaling 40,729 m, geological mapping, ground and airborne geophysics, and 14,992 individual samples
with assays and geochemical analysis. The mineralization 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 , as
evidenced in the past producing Sturgeon River Mine.
The 2018-2019 exploration initiated in May 2018 is a three -staged 18-month program with the strategic
objective of outlining the precious and base metals upside potential at Ishkoday , part of the 5km by
1km Target Area of the southern claims block. The Exploration Team has confirmed the extent of known
and new gold bearing quartz and polymetallic sulphide veins that will ultimately help in completing the
construction of the 2 -D and 3 -D model and helping guide future exploration targeting . This Model will
provide LAURION with a solid technical foundation to initiate diamond drilling to demonstrate upside
potential across the 5km by 1 km Target Area at Ishkoday as part of the Stage 3 drill program starting
later in 2019 and in 2020. The field portion of the Stage 2 Campaign is now completed.
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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 news release contains forward -looking statements , which reflect the Corporation’s current expectations regarding future
events, Laurion's business, operations and future plans for the development of the Corporation and/or the Ishkoday Gold Project ,
and management's objectives, strategies, beliefs and intentions.
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 Corporation's common shares , 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.
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.
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Table 1: Individual and composite interval channel sample assay results greater than 1 g/t gold and/or greater than
1% zinc from the new combined 90m by 20m Trenches #32 and #62 of the CRK Zone West segment.
SAMPLE
NUMBERS
CHANNEL
SAMPLE
LENGTHS1
(m)
AZIMUTH
(°)
ROCK
TYPES
GOLD
(g/t)
SILVER
(g/t)
ZINC
(%)
COPPER
(%)
LEAD
(%)
TRENCH #32
867889 0.61 280 SV 0.68 7.00 10.45 0.05 0.03
867892 0.23 075 SV 0.87 12.50 5.46 0.17 0.26
867893 0.24 080 SV 0.51 3.90 6.25 0.10 0.01
0.47m @ 0.69 g/t gold, 8.11 g/t silver, 5.86% zinc, 0.14% copper, 0.14% lead
868011 0.25 093 SV 0.16 7.20 6.64 0.08 0.02
868012 0.72 093 MAGSV 0.10 1.80 1.09 0.03 trace
869952 0.45 141 MAGSV 0.24 1.90 0.15 0.15 trace
1.42m @ 0.16 g/t gold, 2.78 g/t silver, 1.77% zinc, 0.08% copper, trace lead
868026 0.51 100 SV 0.73 8.40 13.95 0.25 0.01
868046 0.59 285 SV 0.77 3.70 7.73 0.12 trace
868062 0.75 315 MAGSV 0.88 14.30 3.99 0.25 0.02
868063 0.97 345 MAGSV 1.12 9.40 3.72 0.31 0.01
868067 0.43 216 MAGSV 0.47 10.20 1.90 0.20 0.06
868068 0.48 216 MAGSV 0.36 6.90 1.54 0.14 0.01
0.91m @ 0.41 g/t gold, 8.46 g/t silver, 1.71% zinc, 0.17% copper, 0.04% lead
868072 0.43 227 MAGSV 0.25 6.80 2.00 0.12 0.01
868076 0.33 278 SV 7.15 170.00 11.25 1.10 0.91
868077 0.48 278 SV 0.74 16.70 4.08 0.47 0.04
868078 0.62 276 MAGSV 0.69 8.30 0.96 0.11 0.01
868079 0.76 276 MAGSV 0.18 6.10 0.19 0.15 trace
2.19m @ 1.50 g/t gold, 33.74 g/t silver, 2.93% zinc, 0.35% copper, 0.15% lead
868106 0.82 287 MAGSV 0.69 5.30 0.06 0.11 0.01
868107 0.65 287 MAGSV 0.09 1.00 0.52 0.02 0.01
868108 0.53 282 MAGSV 1.02 11.30 2.64 0.13 0.02
868109 0.50 282 MAGSV 1.67 12.90 4.50 0.22 0.02
868111 1.48 282 MAGSV 0.75 5.60 1.46 0.09 0.01
3.98m @ 0.92 g/t gold, 6.46 g/t silver, 1.56% zinc, 0.10% copper, 0.01% lead
869781 0.69 200 MAGSV 0.19 4.50 1.14 0.05 0.01
869974 0.49 261 MAGSV 0.38 3.90 0.73 0.13 0.01
869976 0.48 321 MAGSV 0.58 5.10 2.33 0.14 0.01
869977 0.39 312 MAGSV 9.56 11.70 2.98 0.16 trace
869978 0.58 249 MAGSV 0.62 8.30 0.73 0.06 0.01
869979 0.48 085 MAGSV 0.20 3.90 2.22 0.07 0.01
2.42m @ 1.92 g/t gold, 6.45 g/t silver, 1.71% zinc, 0.11% copper, 0.01% lead
A0060297 0.98 281 MAGSV 0.13 10.60 1.18 0.10 0.33
A0060298 0.56 275 SV 0.69 40.70 6.70 0.72 1.36
A0060299 1.07 302 MAGSV 0.08 3.90 3.59 0.13 0.01
2.61m @ 0.23 g/t gold, 14.31 g/t silver, 3.35% zinc, 0.25% copper, 0.42% lead
TRENCH #62
864503 0.52 008 MAGSV 2.43 4.80 0.69 0.02 trace
A0060304 0.42 262 MAGSV 0.23 1.50 2.32 0.03 trace
867738 0.60 320 SV 0.32 10.20 10.95 0.56 0.01
867739 0.78 320 MAGSV 0.27 2.40 1.33 0.05 0.01
867740 0.57 320 MAGSV 1.31 6.70 4.81 0.15 0.02
1.95m @ 0.59 g/t gold, 6.06 g/t silver, 5.31% zinc, 0.24% copper, 0.01% lead
867743 0.63 293 MAGSV 0.08 0.25 0.95 0.01 trace
867744 0.80 293 MAGSV 0.92 2.70 2.08 0.02 0.01
867745 0.57 293 MAGSV 0.25 2.20 4.03 0.04 0.01
867746 0.52 293 MAGSV 0.22 4.80 4.84 0.02 0.04
867747 0.84 083 SV 0.63 9.00 10.95 0.10 0.03
867748 0.71 293 MAGSV 0.22 1.20 2.03 0.02 trace
867749 1.30 293 MAGSV 0.24 2.00 1.44 0.02 0.01
867751 1.24 293 MAGSV 0.10 1.10 1.06 0.02 trace
6.61m @ 0.33 g/t gold, 2.79 g/t silver, 3.16% zinc, 0.03% copper, 0.01% lead
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SAMPLE
NUMBERS
CHANNEL
SAMPLE
LENGTHS1
(m)
AZIMUTH
(°)
ROCK
TYPES
GOLD
(g/t)
SILVER
(g/t)
ZINC
(%)
COPPER
(%)
LEAD
(%)
867765 0.85 324 MAGSV 0.12 0.25 1.16 0.01 trace
867766 0.53 320 MAGSV 0.47 1.40 2.94 0.02 trace
867767 0.38 320 MAGSV 0.50 2.00 3.60 0.05 0.01
1.76m @ 0.31 g/t gold, 0.97 g/t silver, 2.22% zinc, 0.02% copper, trace lead
867771 0.79 311 MAGSV 0.18 1.60 1.41 0.04 trace
867782 0.50 287 MAGSV 0.65 2.30 5.34 0.03 0.01
867783 1.17 325 MAGSV 1.04 2.80 1.76 0.03 0.02
1.67m @ 0.92 g/t gold, 2.65 g/t silver, 2.83% zinc, 0.03% copper, 0.02% lead
867784 0.66 297 MAGSV 1.79 5.70 1.45 0.03 0.01
867785 0.49 296 MAGSV 0.76 3.10 2.92 0.05 0.01
867787 0.35 313 MAGSV 1.58 52.10 3.44 0.08 0.09
867788 0.76 313 MAGSV 2.09 6.00 0.76 0.08 0.01
1.12m @ 1.91 g/t gold, 20.35 g/t silver, 1.59% zinc, 0.08% copper, 0.04% lead
867793 0.70 310 MAGSV 1.98 3.20 3.06 0.09 0.01
867794 0.73 320 MAGSV 1.74 0.60 0.20 trace trace
867796 0.55 320 MAGSV 6.07 11.30 6.21 0.01 0.02
867797 0.58 350 MAGSV 1.04 3.20 0.58 0.17 0.01
2.56m @ 2.58 g/t gold, 4.20 g/t silver, 2.36% zinc, 0.07% copper, 0.01% lead
869981 0.69 200 MAGSV 0.24 8.20 2.28 0.15 0.02
869989 1.14 115 MAGSV 3.16 7.90 2.77 0.05 trace
869991 0.90 020 MAGSV 0.82 3.10 4.88 0.07 0.02
869992 1.24 135 MAGSV 0.35 1.50 2.09 0.02 0.01
3.28m @ 1.46 g/t gold, 4.16 g/t silver, 3.09% zinc, 0.04% copper, 0.01% lead
869993 0.74 324 MAGSV 3.40 8.10 1.39 0.03 0.01
869994 0.38 281 SV 1.07 21.40 30.00 0.61 0.04
A0060306 0.70 298 MAGSV 0.85 2.90 4.30 0.06 0.02
A0060308 0.85 096 MAGSV 0.48 2.90 0.25 0.02 trace
A0060309 0.96 086 MAGSV 3.30 8.10 4.35 0.14 0.01
A0060311 0.82 094 MAGSV 3.75 5.30 2.84 0.13 0.01
A0060312 0.86 094 MAGSV 0.41 1.80 0.50 0.10 0.01
3.49m @ 2.01 g/t gold, 4.62 g/t silver, 2.05% zinc, 0.10% copper, 0.01% lead
A0060313 0.27 289 MAGSV 3.29 9.70 3.05 0.30 0.01
A0060314 0.69 289 MAGSV 1.26 6.50 6.31 0.28 0.01
A0060316 0.47 289 MAGSV 3.85 3.50 4.80 0.04 0.01
1.43m @ 2.50 g/t gold, 6.12 g/t silver, 5.20% zinc, 0.21% copper, 0.01% lead
A0060317 0.41 094 MAGSV 3.64 2.50 4.54 0.05 trace
A0060318 0.65 324 MAGSV 0.19 0.90 2.95 0.02 trace
A0060319 0.69 299 MAGSV 1.00 3.30 0.54 0.13 0.01
A0060320 0.84 299 MAGSV 6.04 7.50 1.96 0.26 0.01
869996 0.95 200 MAGSV 1.48 6.50 0.83 0.26 0.02
2.48m @ 2.78 g/t gold, 5.95 g/t silver, 1.13% zinc, 0.22% copper, 0.01% lead
A0060321 0.74 338 MAGSV 0.28 2.50 3.18 0.07 trace
A0060322 0.68 113 MAGSV 0.05 0.25 0.81 0.01 trace
A0060323 0.85 127 MAGSV 0.10 0.70 2.05 0.02 trace
A0060324 0.68 119 MAGSV 0.16 0.90 3.40 0.03 trace
A0060326 0.82 118 MAGSV 2.23 3.20 3.07 0.07 0.01
A0060327 1.23 113 MAGSV 0.16 2.60 0.52 0.10 0.01
4.26m @ 0.53 g/t gold, 1.69 g/t silver, 1.82% zinc, 0.05% copper, trace lead
A0060328 0.49 121 MAGSV 0.26 2.80 2.15 0.04 trace
A0060329 0.73 315 SV 1.97 1.70 7.63 0.04 trace
A0060331 0.56 315 MAGSV 0.55 1.60 3.93 0.01 0.01
1.29m @ 1.35 g/t gold, 1.66 g/t silver, 6.02% zinc, 0.03% copper, trace lead
A0060332 0.28 319 MAGSV 0.29 1.50 4.25 0.04 trace
Note: All individual and interval assay results from the #32-62 Trenches are outlined in the appended Table 2.
Legend: DIO – Diorite host rock; QV – Quartz Vein (“A -2” Quartz Vein); MAGSV – Magnetite-Actinolite-Chlorite
Sulphide (“Oxide-Sulphide”) Vein.
1 Sample lengths represent apparent true widths, since all channel samples were taken perpendicular to the vein
orientations.