LAURION ANNOUNCES METALLIC SCREEN ASSAYS FROM THE M24 QUARTZ VEIN AND NEW CHANNEL SAMPLE ASSAYS FROM THE 85-A2 QUARTZ VEIN AT THE ISHKODAY PROJECT Significant gold results from the 85 -A2 Quartz Vein includes 81.80 g/t gold over
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LAURION ANNOUNCES METALLIC SCREEN ASSAYS FROM THE M24 QUARTZ
VEIN AND NEW CHANNEL SAMPLE ASSAYS FROM THE 85-A2 QUARTZ VEIN
AT THE ISHKODAY PROJECT
Significant gold results from the 85 -A2 Quartz Vein includes 81.80 g/t gold over
0.22m, 35.00 g/t gold over 0.39m and 26.40 g/t gold over 0.55m
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 10, 2019) - Laurion Mineral Exploration Inc. (TSX.V: LME, OTCPINK:
LMEFF) (“LAURION” or the “Corporation”) is pleased to issue new gold assay results (the
“Results”) from channel sampl ing at the 85-A2 Quartz Vein , as well as Metallic Screening
(“Metallics”) check assays from 87 channel samples of the M24 Quartz Vein, all from the
Corporation’s wholly -owned Ishkoday Project (“ Ishkoday” or “ Project”), located 220 km
northeast of Thunder Bay , Ontario. The channel sampling forms an integral part of the now
completed field portion of the Stage 2 Campaign of the 2018-2019 exploration initiated in May
2018, a three-staged 18-month program with the strategic objective of outlining the precious
and base metals upside potential at Ishkoday.
(1) Channel assay results from the 85-A2 Quartz Veins
LAURION’s 2019 channel samples assay results from the eastern 30m long segment of
the known 285m length of the main “85 -A2” Quartz Vein , yielding 81.80 g/t gold over
0.22m (channel sample #866565), 35.00 g/t gold over 0.39m (#866583) and 26.40 g/t
gold over 0.55m (#866577).
The 18 northeast trending quartz veins belonging to the “ 85-A2” and the “A” Quartz Vein
systems were historically channel sampled and assayed by Phoen ix Gold (1988) as reported in
1986 Exploration Program Report, Sturgeon River Gold Mines Property, 34 pages, by L.O.
Koskitalo, February 1988 . Selected historic gold assay intervals of the “85 -A2” Quartz Vein
system (Phoenix Gold, 1988 ) from stripped line T18-1 included: 13.41 g/t gold over a 168m
length and 19 cm width, including 21.92 g/t gold over a 52m length and 14 cm width and
14.71 g/t gold over a 50m length and 23cm width; and 20.26 g/t gold (with visible gold) over a
20m length and 20cm width from the Glory Hole Quartz Vein . The quartz veins undulate and
form anastomosing patterns. Selected historic gold assay intervals of the “A” Quartz Vein
system (Phoenix Gold, 1988) included 14.71 g/t gold over a 50m length and 23cm width (“A -2”
Quartz Vein), 3.63 g/t gold over a 50m length and 25cm width (“A -5” Quartz Vein) , and 6.17
g/t gold over a 20m length and 95cm width (“A-4” Quartz Vein).
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In 2018, LAURION’s Stage 1 campaign selectively grab sampled the 85 -A2 Quartz Vein system
yielding 40.80, 43.00 and 1,185.00 g/t gold ( refer to LAURION ’s news release dated August 14,
2018), and is located a few meters southwest of the main “85 -A2” Quartz Vein outcrop.
Channel sampling confirmed the gold -bearing potential of the 85 -A2 Quartz Vein with a
selected assay result of 18.50 g/t gold over a 20cm width. A LAURION (2012) selective grab
sample yielded 2.86 g/t gold on an adjacent subsidiary quartz vein.
(2) Metallic Screening assay results from the M24 Quartz Vein
Metallic Screening (“Metallics”) assays from 87 channel samples of the M24 Quartz Vein
are outlined in Table 1, Metallic Screening Assay Results . Lower gold grade channel
sample results ( <1.25 g/t gold) from the Fire Assay analytical method show the most
upside towards higher gold grades when using the Met allic Screening analytical
method - the plus or minus variations in gold grade is under 40% (with few exceptions).
There is more consistency in higher gold grades (1.25 g/t and 10+ g/t gold) between the
two analytical methods. Here, gold grade variations are under 20% (with few
exceptions).
The most significant individual assay results from the M24 ( refer to the Corporation’s news
release dated August 1, 2019 ) yielded 9.63 g/t gold over 0.59m (Line 2), 16.35 g/t gold over
0.55m (Line 17), 10.60 g/t gold over 0.62m (Line 22) and 9.81 g/t gold over 1.26m (Line 35P);
whereas the most Significant composite interval results were 5.49 g/t gold over 1.70m (Line 17),
6.20 g/t gold over 1.35m (Line 25) and 2.59 g/t gold over 5.76m (Line 35P) – the “P” suffix
identifies samples taken within and parallel to the M24 Quartz Vein, whereas other sample
Lines without the suffix P are taken within and perpendicular to the M24 Quartz Vein.
Refer to maps on LAURION’s website using the following link:
http://www.laurion.org/ishkoday-project/highlights/2019-field-exploration-program/
Appointment of VP Exploration
LAURION is pleased to announce the appointment of Mr. Jean Lafleur, P. Geo. (PGO, OGQ),
as Vice-President Exploration of the Corporation, effective immediately. Mr. Lafleur previously
served as a Technical Advisor to the Board of Directors. Mr. Lafleur is a Professional Geologist
with 45 years of experience in Geology and Mineral Exploration nationally and internationally,
from a C -suite executive to management roles, and as a technical, management and
financing consultant with junior explorers for the past 16 years thr ough his private geo -
consultancy firm. His expertise also spans company and project evaluations and audits;
exploration program planning, execution and reporting, and research. He received his B.Sc.
and M.Sc. degrees in Geology from the Univers ity of Ottawa and was active as an exploration
geologist early in his career with trend setters Newmont, Falconbridge, Dome Mines and
Placer Dome. He has led exploration teams in the search for precious and base metals, nickel
and PGE’s, uranium and iron. He brings a proven track record in mineral exploration leading to
discovery, in strategic planning, and in leadership skills.
The Corporation also announces that pursuant to its stock option plan, subject to TSX Venture
Exchange (the " TSX-V") approval, L AURION has granted Mr. Lafleur incentive stock options
("Options") to acquire 500,000 common shares of the Corporation. The Options have a five
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year term and an exercise price of $0.19 per share. One third of the Options vest immediately,
one-third of the Options will vest on the first anniversary of their date of grant and the
remaining one-third of the Options will vest on the second anniversary of their date of grant.
QA-QC Protocols
Samples for assay from this program are initially processed and prep ared 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 analysis . 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.
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 other LAURION
field technicians, and inserted in individual plastic bags, each with ALS sample tags, and
sealed. Metal tags with the ALS sample number w ere 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 th e 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 sealed and transported by LAURION
technicians to the ALS facilit y 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.
Check assays using the Metallic Screening method involved pulverizing , screening (to 95% at
<106µm) and riffling a 1 kilogram split of each 87 individual coarse reject samples from the M24
Quartz Vein and host rocks , followed by two 50 gram Fire Assay using a gravimetric finish (Au -
AA26, Au -AA26D), then Fire -Assay one 50 gr am split of the fine fraction ( <106µm) and the
entire coarse plus fraction (>106µm) to extinction.
Qualified Persons
Mr. Jean Lafleur, P. Geo. (PGO, OGQ), L AURION’s VP Exploration is a Qualified Person as
defined by National Instrument 43 -101 guidelines and has reviewed and approved the
content of this news release.
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
168,622,044 outstanding shares of which approximately 59% are owned and controlled by
Insiders who are eligible investors under the "Friends and Family" categories.
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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 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 th e precious and base metals upside potential at Ishkoday ,
part of the 5km by 1 km 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. The field
portion of the Stage 2 Campaign is now completed.
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, including with respect to the issuance of stock options to Mr. Lafleur, Laurion's business,
operations and condition, futur e 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, performanc e 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 o f 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 fai lure 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 file d 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 relatin g 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. 2019 Metallic Screening individual channel assay results of the 87 samples taken from
the M24 Quartz Vein and host rocks.
SAMPLE
NUMBERS
CHANNEL
SAMPLE
LENGTHS
(m)
AZIMUTH
(°)
ROCK
UNITS
FIRE ASSAY
RESULTS
(gold g/t)
METALLIC
SCREENING
RESULTS
(gold g/t)
+ OR - %
VARIATION
866241 0.59 325 M24 9.63 10,70 11%
866245 0.64 140 Shear 0.01 trace 0%
866248 0.92 15 Shear trace trace 0%
866249 0.58 345 M24 0.01 trace 0%
866274 0.23 135 M24 0.62 0,80 29%
866296 0.37 325 Shear 0.28 0,20 -29%
866298 1.16 285 M24 0.06 0,06 0%
866299 1.98 140 M24 trace trace 0%
866313 0.70 140 M24 2.27 2,29 1%
866319 1.10 140 M24 0.20 0,030 50%
866320 0.82 135 M24 0.03 trace 0%
866338 1.25 125 M24 0.78 0,85 9%
866339 1.31 130 M24 0.52 0,61 17%
866340 0.55 120 M24 0.03 trace 0%
866360 0.35 130 Shear 7.92 7,69 -3%
866361 0.78 120 M24 0.02 trace 0%
866362 0.80 120 M24 0.19 0,19 9
866374 0.30 325 Shear 0.27 0,28 4%
866376 0.55 325 M24 16.35 16,45 1%
866377 1.15 310 M24 0.29 0,38 31%
866383 0.64 120 Shear 0.03 trace 0%
866384 1.43 140 M24 0.08 0,12 63%
866386 0.54 130 Shear 0.01 trace 0%
866400 1.00 320 M24 2.81 4,19 49%
866401 0.71 320 M24 0.02 0.09 350%
866402 0.62 320 M24 10.60 10,60 0%
866408 0.40 320 M24 1.13 0,92 -19%
866409 0.72 320 M24 0.10 0,14 40%
866418 0.52 140 M24 0.15 0,18 20%
866421 0.25 335 M24 0.18 0,18 0%
866431 0.28 20 M24-H 0.11 0,10 -10%
866437 0.82 5 M24-H 0.73 0,95 30%
866440 0.40 355 M24 0.41 0,41 0%
866443 0.29 150 M24 12.00 5,68 -53%
866445 0.48 155 M24 0.15 0,12 -20%
866211 1.60 120 QFP trace trace 0%
866207 0.62 120 QFP 0.01 trace 0%
866208 0.85 130 QFP 0.01 trace 0%
866209 0.98 130 QFP 0.01 trace 0%
866448 1.12 230 M24 0.41 0,36 -12%
866449 1.26 230 M24 9.81 7,03 -28%
866451 0.88 230 M24 1.03 1,06 3%
866452 1.26 230 M24 0.06 0,06 0%
866453 1.24 225 M24 0.90 0,76 -16%
866454 1.05 195 M24 trace trace 0
866456 1.20 220 M24 trace trace 0
866458 1.09 200 M24 trace trace 0
866459 0.79 200 M24 trace trace 0
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866460 0.72 230 M24 0.02 trace 0
866461 1.46 245 M24 0.09 0,13 44%
866462 1.40 245 M24 0.09 0,08 13%
866463 0.90 255 M24 trace trace 0
866464 0.86 255 M24 trace trace 0
866465 0.79 255 M24 trace trace 0
866466 1.26 220 M24 0.05 0,07 40%
866467 1.48 250 M24 0.02 trace 0
866468 1.40 235 M24 0.10 0,10 0
866469 1.42 190 M24 0.15 0,16 7%
866471 1.17 215 M24 0.02 trace 0
866472 0.87 260 M24 0.03 trace 0
866473 0.95 220 M24 0.04 0,05 25%
866474 1.34 245 M24 0.86 0,97 13%
866476 1.38 235 M24 1.65 1,54 -7%
866477 1.23 160 M24 0.40 0,41 3%
866478 0.97 160 M24 3.30 3,50 6%
866479 1.09 250 M24 0.57 0,60 5%
866481 0.84 250 M24 0.16 0,23 44%
866482 0.72 250 M24 0.24 0,24 0%
866483 1.66 180 M24 0.66 0,30 -55%
866484 1.52 250 M24 0.31 0,31 0%
866485 1.28 190 M24 0.71 1,22 71%
866486 1.48 240 M24 0.92 0,99 8%
866487 0.75 220 M24 0.17 0,23 35%
866488 0.43 220 M24 0.03 trace 0%
866489 1.26 220 M24 0.13 0,18 38%
866491 0.82 220 M24 0.16 0,17 6%
866492 1.46 220 M24 0.08 0,08 0%
866493 1.26 220 M24 0.08 0,09 13%
866494 1.52 230 M24 0.06 0,05 -17%
866496 1.75 230 M24 0.07 0,06 -14%
866497 1.32 235 M24 0.24 0,16 -33%
866498 0.86 235 M24 0.09 0,08 -11%
866499 0.66 235 M24 0.17 0,18 6%
866263 0.97 240 M24 1.22 1,58 30%
866264 1.03 240 M24 2.03 1,91 -6%
866265 1.21 240 M24 0.60 0,69 -15%
Notes:
1 Rock Units legend: QFP – Quartz-Feldspar Porphyry of the Sturgeon River Intrusive or Pluton; SHEAR - centimeter
wide parallel and perpendicular quartz veins on both sides of the M24 in a sheared, iron carbonate and pyrite -
bearing Porphyry; M24 – M24 quartz Vein; M24-H – horizontal quartz vein.
2 P – suffix added to sample Lines that are taken within and parallel to the M24 Quartz Vein, whereas other sample
Lines without the suffix P are taken within and perpendicular to the M24 Quartz Vein.