LAURION Announces Start of Second Phase 2020 Drilling at Ishkoday Project, Ontario
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LAURION Announces Start of Second Phase 2020 Drilling at
Ishkoday Project, Ontario
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 (September 29, 2020) – LAURION Mineral Exploration Inc. (TSX.V:
LME and OTCPINK: LMEFF) (“LAURION” or the “Corporation”) is pleased to announce
the commencement of the second phase of 2020 drilling at the Ishkoday Project,
located near the town of Beardmore, Ontario. This 2,500 m drill program will test
mineralization both along and across strike at the CRK Zone.
The CRK Zone lies along the Loki trend corridor and is located between the A -Zone
and the past -producing Sturgeon Mine (Figure 1 ). Trenching in 2019 exposed a
northeast-trending, 370 m-long corridor of both polymetallic (gold-silver-copper-zinc)
mineralization and gold -bearing quartz veins , as well as north -trending polymetallic
mineralization. Cross trenching exposed a second , northeast-trending, subparallel
zone, located approximately 120 m across strike. Fourteen nearby historic and
LAURION drill holes tested the main CRK trend, returning sporadic high grade gold
values, but did not test for north-trending horizons which recent work indicates are a
major control on gold mineralization.
Semi-continuous channel sampling on the CRK Zone has identified low-grade
mineralized widths ranging up to 8.5 m across strike in the northeast -trending
mineralization. In areas where the northeast and north trending mineralization
converges, both the width and grade increase (see news releases dated September
12, 24, October 18, 25, 29 and November 12, 2019 for further details).
Ongoing mapping shows at least three north to northwest trending and at least two
northeast trending mineralized zones , with untested potential beneath cover
including two nearby swamps. The intersection areas have the potential to host wider
mineralization (Figure 2) and this drill program is designed both to check for additional
zones and test the width of these intersections.
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.
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. LAURION employs an
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industry standard QA/QC program including insertion of blanks, duplicates and
standards. Core samples are sawn by core saw on site (cut perpendicular to
mineralization), with one-half of the core sent in secure bags to ALS Laboratories.
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.
LAURION now has 1 97,139,978 outstanding shares of which collectively ‘Insiders’,
‘Family’ and ‘Friends of family members’ own and control approximately 71.2 % of
total outstanding shares.
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 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 g rade 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 comp letion 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 Corporati on’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.