Laurion Announces Second New Polymetallic Discovery (the “Sj” Sulphide Veins) from the Crk Zone at the Ishkoday Project
Page | 1
LAURION ANNOUNCES SECOND NEW POLYMETALLIC DISCOVERY (THE “SJ”
SULPHIDE VEINS) FROM THE CRK ZONE AT THE ISHKODAY PROJECT
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 18, 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 newly discovered “SJ” Sulphide Veins of the south central segment of
the CRK Zone at the Corporation’s wholly -owned Ishkoday Project (“ Ishkoday” or “Project”),
located 220 km northeast of Thunder Bay, Ontario.
LAURION’s channel samples assay results from the new 40m by 20m stripped South Central
Segment (Trench #39) of the CRK Zone greater than 1 g/t gold and/or greater than 1% zinc are
summarized in Table 1 below. Highlights are as follows:
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
1.55m @ 0.72 g/t gold, 5.10 g/t silver, 2.19% zinc, 0.08% copper, 0.24% lead
Cynthia Le Sueur-Aquin, President & CEO of Laurion, states: “ These new results continue to
indicate that our Ishkoday Project encompasses a very active mineralizing system with striking
gold occurrences and a number of areas that are yielding positive base metal plus gold and
silver values. The significance of the base metal mineralization is still being evaluated, but there
appears to be coeval mineralizing events which enhances the potential of Ishkoday to host
economically significant mineralization.”
Table 1. 2019 Individual and Interval Channel Sample Assay Results from the new “SJ” Sulphide
Veins.
LINE
#
SAMPLE
NUMBERS
CHANNEL
SAMPLE
LENGTHS*
(m)
AZIMUTH
(°)
GOLD
(g/t)
SILVER
(g/t)
ZINC
(%)
COPPER
(%)
LEAD
(%)
39-L3 868328 0.69 308 0.14 4.50 1.49 0.03 0.10
39-L4
868334 0.51 266 0.11 3.20 2.16 0.02 0.01
868336 0.82 077 0.02 0.90 0.52 0.02 trace
868309 0.64 102 1.10 5.00 2.78 0.07 0.03
868307 0.70 103 0.86 4.40 1.00 0.09 0.02
39-L5 868289 0.74 112 0.51 11.20 1.12 0.20 0.08
39-L6
868301 0.77 077 0.21 2.40 1.67 0.07 trace
868282 0.71 098 0.26 16.90 5.02 0.13 0.37
868286 0.67 107 0.11 1.60 1.27 0.01 0.03
39-L7 868264 0.39 294 2.04 11.30 1.23 0.28 trace
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LINE
#
SAMPLE
NUMBERS
CHANNEL
SAMPLE
LENGTHS*
(m)
AZIMUTH
(°)
GOLD
(g/t)
SILVER
(g/t)
ZINC
(%)
COPPER
(%)
LEAD
(%)
868263 0.69 292 1.44 1.70 0.07 0.05 trace
39-L8
868272 0.35 117 3.14 9.10 1.19 0.25 0.05
868273 0.76 118 5.82 7.50 1.42 0.17 0.04
1.11m @ 4.97 g/t gold, 8.00 g/t silver, 1.35% zinc, 0.20% copper, 0.04% lead
39-L9 868251 0.85 259 2.02 11.70 0.53 0.09 0.07
39-L10 868245 0.82 279 0.37 12.40 2.67 0.15 1.06
39-L11
A0060361 0.40 039 1.17 9.30 5.50 0.09 0.03
A0060364 0.95 249 1.07 5.10 0.94 0.09 0.01
A0060358 0.49 287 0.48 4.90 5.71 0.09 0.07
39-L12
A0060359 0.47 109 0.14 6.80 7.15 trace 0.30
A0060354 0.65 103 0.13 16.10 9.52 0.06 1.23
A0060352 0.49 118 0.18 81.40 30.00 trace 12.45
A0060353 0.57 118 0.18 15.00 20.70 0.05 0.85
1.06m @ 0.18 g/t gold, 45.69 g/t silver, 25.00% zinc, 0.03% copper, 6.21% lead
39-L13
A0060351 0.52 104 0.24 8.90 2.25 0.09 0.67
A0060348 0.59 301 0.05 3.10 3.31 0.07 0.03
A0060349 0.44 103 1.58 3.30 0.06 0.09 0.01
A0060344 0.52 270 12.35 10.00 0.40 0.17 trace
A0060343 0.83 272 1.19 8.70 0.13 0.25 0.02
1.55m @ 0.72 g/t gold, 5.10 g/t silver, 2.19% zinc, 0.08% copper, 0.24% lead
BETWEEN
39-L7/L8
A0060346 0.47 298 3.75 4.20 0.37 0.06 0.02
A0060345 0.39 118 0.09 12.30 6.19 0.05 0.91
A0060347 0.34 108 1.86 6.30 1.00 0.16 0.03
Note: All individual and interval assay results from the “SJ” segment are outlined in the appended Table 2.
* Sample lengths represent apparent true widths, since all channel samples were taken perpendicular to the vein
orientations
The “SJ” Sulphide Veins are located 150m west of previously announced channel sample assay
results from the SW Segment (Trench #37) ( refer to the Corporation’s news release dated
September 12, 2019) 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.
The previously announ ced interval channel sample assay results from the Azurite
Segment Trench #34, located 375m NW of the “SJ” Sulphide Veins, up to 7.50m 0.90 g/t
gold, 35.26 g/t silver, 5.71% zinc , 0.53% copper ( refer to the Corporation’s news release dated
September 24, 2019).
Pending channel assay results from the remaining 400m by 400m central portion of the CRK Zone
Sulphide Veins – West (Trenches #32/62), Northeast (Trenches #56/65), Main (Trench #36) and
Southeast (Trench #54) are expected later in the Q4-2019.
Refer to maps on LAURION’s website and CRK Zone Trenches (Figure 2) 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
Page | 3
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 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 sealed 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, including 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 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.
LAURION's emphasis is on the development of its flagship project, the 100% owned mid-stage 44
km2 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, g round 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
Page | 4
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.
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 re spect to the issuance of stock options to Mr. Lafleur, Laurion's business,
operations and condition, 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 comprisi ng 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.
Page | 5
Table 2. 2019 individual and interval channel assay results from the newly discovered “SJ”
Sulphide Veins of the south central segment of the CRK Zone.
LINE
#
SAMPLE
NUMBERS
CHANNEL
SAMPLE
LENGTHS
(m)
AZIMUTH
(°)
GOLD
(g/t)
SILVER
(g/t)
ZINC
(%)
COPPER
(%)
LEAD
(%)
39-L1
868348 0.99 120 0.01 0.80 0.09 trace trace
868349 0.87 111 0.04 1.70 0.10 trace 0.02
868351 0.47 111 0.09 4.50 0.13 0.14 0.02
868352 0.96 105 0.20 6.10 0.10 0.02 trace
39-L2
868353 0.85 077 0.05 1.10 0.04 trace trace
868354 0.39 085 0.74 9.40 0.61 0.02 trace
868356 0.58 073 0.07 0.60 0.02 trace trace
868358 0.48 312 0.01 0.25 0.02 trace trace
868347 1.21 293 0.01 0.25 0.03 trace trace
868346 0.76 279 0.08 2.60 0.07 0.02 trace
868345 0.51 288 0.04 0.60 0.04 0.01 trace
868344 0.77 292 trace 0.25 0.02 trace trace
868343 0.72 292 0.03 0.80 0.06 trace trace
868337 0.82 116 0.15 1.30 0.06 trace trace
868338 0.61 115 0.83 3.30 0.31 0.05 0.02
868339 0.67 111 0.09 0.25 0.13 trace trace
39-L3
868340 1.04 114 0.03 1.10 0.07 trace 0.01
868341 0.94 120 trace 0.60 0.03 0.01 trace
868342 0.73 290 trace 0.25 0.03 trace trace
868333 0.95 292 0.02 0.50 0.03 trace trace
868332 0.68 295 0.05 1.10 0.04 trace trace
868331 0.57 297 0.24 4.00 0.39 0.02 0.08
868329 1.13 292 0.14 4.10 0.30 0.06 0.02
868328 0.69 308 0.14 4.50 1.49 0.03 0.10
868327 1.04 306 0.08 1.30 0.03 trace trace
868326 0.85 321 0.17 2.40 0.19 0.03 0.01
868324 0.73 325 0.18 2.80 0.53 0.05 0.01
868323 1.01 334 0.44 4.20 0.54 0.07 trace
868322 1.05 331 0.42 2.40 0.21 0.05 trace
39-L4
868334 0.51 266 0.11 3.20 2.16 0.02 0.01
868336 0.82 077 0.02 0.90 0.52 0.02 trace
868309 0.64 102 1.10 5.00 2.78 0.07 0.03
868308 0.85 286 0.81 5.50 0.70 0.12 0.02
868307 0.70 103 0.86 4.40 1.00 0.09 0.02
868312 1.24 121 0.15 1.40 0.92 0.02 0.01
868313 0.96 114 0.25 1.60 0.21 0.03 trace
868314 0.84 104 0.05 0.70 0.50 trace trace
39-L5
868316 0.72 106 0.02 0.25 0.02 trace trace
868317 1.03 118 trace 0.25 0.03 trace trace
868318 0.92 108 trace 0.25 0.04 trace trace
868319 0.89 097 trace 0.25 0.03 trace trace
868320 0.61 110 0.01 0.25 0.02 trace trace
868321 1.04 105 0.01 0.25 0.02 trace trace
868289 0.74 112 0.51 11.20 1.12 0.20 0.08
868291 0.64 112 0.01 0.60 0.07 trace 0.01
868292 0.84 112 0.11 2.60 0.72 0.05 0.01
868293 0.77 078 0.01 0.60 0.13 0.01 0.02
39-L6
868294 0.92 125 0.02 0.50 0.08 trace trace
868296 0.79 123 0.03 0.80 0.04 0.02 trace
868297 0.93 121 0.01 0.25 0.01 trace trace
868298 0.97 125 trace 0.25 0.02 trace trace
868299 0.57 124 trace 0.25 0.03 trace trace
868300 0.92 077 0.02 0.25 0.06 trace trace
868301 0.77 077 0.21 2.40 1.67 0.07 trace
868302 0.58 090 0.01 0.25 0.03 trace trace
Page | 6
LINE
#
SAMPLE
NUMBERS
CHANNEL
SAMPLE
LENGTHS
(m)
AZIMUTH
(°)
GOLD
(g/t)
SILVER
(g/t)
ZINC
(%)
COPPER
(%)
LEAD
(%)
868303 0.54 090 0.91 1.40 0.20 0.03 0.02
868304 0.56 280 0.07 0.25 0.03 trace trace
868306 0.56 122 0.14 0.80 0.27 0.02 trace
868277 0.82 122 0.06 1.10 0.36 0.02 trace
868278 0.81 118 0.03 0.25 0.07 trace trace
868279 0.64 096 0.04 0.50 0.19 0.02 0.01
868281 0.66 099 0.02 0.90 0.19 0.02 0.03
868282 0.71 098 0.26 16.90 5.02 0.13 0.37
868283 0.51 099 trace 0.25 0.15 trace 0.03
868284 0.42 109 trace 0.25 0.09 0.01 0.03
868285 0.41 107 0.02 0.70 0.46 0.01 0.03
868286 0.67 107 0.11 1.60 1.27 0.01 0.03
868287 0.62 123 0.04 0.60 0.43 0.01 0.02
868288 0.81 119 0.06 0.50 0.07 0.01 trace
39-L7
868266 0.83 286 0.11 0.90 0.03 0.02 trace
868265 1.15 284 0.13 1.80 0.05 0.07 trace
868264 0.39 294 2.04 11.30 1.23 0.28 trace
868263 0.69 292 1.44 1.70 0.07 0.05 trace
868262 0.94 292 0.01 0.25 0.03 trace trace
868261 0.61 298 0.01 0.50 0.59 0.01 0.01
868260 0.47 312 0.32 4.60 0.32 0.09 0.05
868259 0.77 312 0.03 0.80 0.30 0.02 0.01
868258 0.76 310 0.12 1.10 0.06 0.03 trace
868256 0.75 296 0.01 0.50 0.04 0.02 trace
868254 0.83 298 0.05 1.10 0.14 0.03 trace
868253 1.04 298 0.11 1.20 0.62 0.02 0.02
39-L8
868267 0.79 143 0.05 0.60 0.06 0.02 trace
868268 0.98 154 0.46 3.30 0.10 0.08 0.02
868269 1.03 127 0.57 2.20 0.12 0.07 0.02
868271 0.82 123 0.02 0.70 0.53 0.02 0.02
868272 0.35 117 3.14 9.10 1.19 0.25 0.05
868273 0.76 118 5.82 7.50 1.42 0.17 0.04
868274 0.60 116 0.36 2.10 0.04 0.06 trace
868276 0.84 133 0.07 2.20 0.04 0.03 trace
1.11m @ 4.97 g/t gold, 8.00 g/t silver, 1.35% zinc, 0.20% copper, 0.04% lead
39-L9
868252 0.58 263 0.06 0.90 0.05 0.01 0.02
868251 0.85 259 2.02 11.70 0.53 0.09 0.07
868249 0.54 277 0.09 0.90 0.03 0.03 0.01
868248 1.12 274 0.19 1.40 0.04 0.05 trace
39-L10
868247 1.19 284 trace 0.25 0.03 trace trace
868246 0.98 223 0.01 0.25 0.05 trace 0.02
868245 0.82 279 0.37 12.40 2.67 0.15 1.06
868244 0.72 282 trace 0.25 0.13 trace 0.02
868243 0.56 302 trace 0.25 0.05 trace 0.01
868242 0.74 304 trace 0.25 0.06 trace 0.02
868241 0.77 291 0.01 0.25 0.11 trace 0.02
868240 0.69 289 0.09 2.60 0.91 0.07 0.07
868239 0.97 293 0.19 1.70 0.31 0.04 0.02
868238 0.93 305 0.01 0.25 0.05 0.01 trace
868237 0.84 286 0.01 0.50 0.06 0.04 trace
868236 0.94 270 0.01 1.00 0.20 0.02 0.01
868234 0.99 263 0.17 1.30 0.11 0.02 trace
868233 1.12 282 0.09 0.60 0.02 0.01 trace
868232 0.70 296 0.14 2.50 0.05 0.05 0.01
868231 0.80 296 0.01 0.25 0.02 trace trace
868229 0.59 299 trace 0.25 0.03 trace trace
868228 0.77 296 0.03 2.10 0.18 0.04 0.02
39-L11 A0060361 0.40 039 1.17 9.30 5.50 0.09 0.03
Page | 7
LINE
#
SAMPLE
NUMBERS
CHANNEL
SAMPLE
LENGTHS
(m)
AZIMUTH
(°)
GOLD
(g/t)
SILVER
(g/t)
ZINC
(%)
COPPER
(%)
LEAD
(%)
A0060362 0.51 206 0.19 4.30 0.54 0.04 0.02
A0060363 0.65 048 0.94 6.90 0.92 0.11 0.02
A0060364 0.95 249 1.07 5.10 0.94 0.09 0.01
A0060366 0.56 290 trace 0.25 trace trace trace
A0060365 0.89 273 0.03 0.70 0.03 trace trace
A0060360 0.91 285 0.15 1.90 0.20 0.03 trace
A0060358 0.49 287 0.48 4.90 5.71 0.09 0.07
A0060356 0.50 287 0.17 3.70 0.29 0.06 0.02
39-L12
A0060359 0.47 109 0.14 6.80 7.15 trace 0.30
A0060354 0.65 103 0.13 16.10 9.52 0.06 1.23
A0060352 0.49 118 0.18 81.40 30.00 trace 12.45
A0060353 0.57 118 0.18 15.00 20.70 0.05 0.85
1.06m @ 0.18 g/t gold, 45.69 g/t silver, 25.00% zinc, 0.03% copper, 6.21% lead
39-L13
A0060351 0.52 104 0.24 8.90 2.25 0.09 0.67
A0060348 0.59 301 0.05 3.10 3.31 0.07 0.03
A0060349 0.44 103 1.58 3.30 0.06 0.09 0.01
A0060344 0.52 270 12.35 10.00 0.40 0.17 trace
A0060343 0.83 272 1.19 8.70 0.13 0.25 0.02
1.55m @ 0.72 g/t gold, 5.10 g/t silver, 2.19% zinc, 0.08% copper, 0.24% lead
BETWEEN
39-L7/L8
A0060346 0.47 298 3.75 4.20 0.37 0.06 0.02
A0060345 0.39 118 0.09 12.30 6.19 0.05 0.91
A0060347 0.34 108 1.86 6.30 1.00 0.16 0.03