Laurion Commences Targeted IP Survey over the Sturgeon MINE and “a” Zone at Ishkoday
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LAURION COMMENCES TARGETED IP SURVEY OVER
THE STURGEON MINE AND “A” ZONE AT ISHKODAY
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 (March 17, 2020) - Laurion Mineral Exploration Inc. (TSX-V: LME;
OTCPINK: LMEFF) (“LAURION” or the “Corporation”) is pleased to announce the
commencement of an Induced Potential (“IP”) survey (the “Survey”) as strategic part
of the 2020 exploration program at the Corporation’s wholly-owned Ishkoday Project
(“Ishkoday”), located 220km northeast of Thunder Bay, Ontario (Figure 1).
Field crews are on-site cutting the grid for 40km of lines for the geophysics Survey ( Figure 2 )
over the Sturgeon Mine and the “A” Zone target sector, as well as the newly acquired Brenbar
Project located due west of and on trend with the Ishkoday Target Area. The objective is
aimed at refining targets for the upcoming di amond drilling campaigns testing the “bulk”
gold/gold-zinc potential. The survey will assist in:
(1) Reconstructing the primary geological elements (rock types, contacts) and secondary
ones (fault/shear zones, alterations, and quartz, oxide-sulphide and sulphide vein
mineralization); and
(2) Predicting the surface strike (horizontal) and depth (vertical) extensions of the gold and
gold-zinc mineralized vein corridors beyond the known dimensions.
LAURION’s 2019 exploration work identified 3 ma jor gold-mineralized trends, Sturgeon River
Mine, M25/Marge and Loki, which extends along strike for 2+km, 1.8+km and 3+km,
respectively. The 2018 and 2019 channel and sele cted grab sampling campaigns returned a
substantial number of significant gold and gold-silver-zinc assay results which not only
validated historical sampling but also greatly expanded the target strike lengths. These results
indicate that the gold-mineralizing event, or ev ents are very widespread. The historic Sturgeon
River Mine data further suggests that mineralization may be more extensive at depth.
LAURION is now in a position to pursue these 3 target areas with targeted drill programs and
surface work in 2020 to expand our evaluation of these important trends.
Current Targets
The 3 main mineralized trends occur in the 5km by 1km Target Area located in the southern
claim block of Ishkoday, and are characterized by:
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An early hydrothermal system, termed the Ishkoday-style Mineralization, hosting stockwork-
style NE trending veins of magnetite (magne tic iron oxide), quartz, sphalerite (zinc
sulphide), gold and silver (the “Oxide-Sulphide Veins”).
In addition, there are multiple sphalerite-rich (zinc sulphide) centimeter to meter wide veins,
also containing pyrite (iron sulphide), chalcopyrite (copper sulphide), galena (lead
sulphide), gold and silver (the “Sulphide Veins”)
The Oxide-Sulphide and Sulphide Veins are centered on the “A” and CRK Zones of the
known 3+km by 800m “ Loki Trend Corridor ” (the “ Loki”) as defined by over 26,000m of
previous drilling covering more than half the Target Area.
The priority target within the Loki is the 50+m wide “A” Zone Sulphide Veins. A later gold-
dominant event linked gold-silver bearing quartz veins, termed the Sturgeon River-style
Mineralization, in two known corridors: the 2+km by 300m “ Sturgeon River Mine Corridor ”
(the “Sturgeon”) and 1.8km by 350m “M25-Marge Corridor” (the “Marge”).
In the Sturgeon River Mine Corridor, compilation and synthesis of the historic Sturgeon River
Mine underground data, and the mapping/sampling of the No. 3 Quartz Vein and
adjacent veins suggest that the 1937 to 1942 mining from near surface to -530m vertical
depth not only covered the N-S trending No. 3 Quartz Vein, but also 5 other quartz veins,
most of which trend NE-SW.
LAURION drilling in 2010 intersected several additional quartz veins north of the
underground workings. LAURION is of the opin ion that higher-grade gold-bearing veins
(“Shoots”) are present at the Sturgeon Gold Mi ne. Current compilation work with the
defined I.P. survey will help define other potential target Shoots for future drilling.
Qualified Person
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
179,628,395 outstanding shares of which appr oximately 58% is owned and controlled by
Insiders who are eligible investors under the "Friends and Family" categories.
LAURION's emphasis is on the development of it s flagship project, the 100% owned mid-stage
47 km 2 Ishkoday Project, and its gold-silver and go ld-rich polymetallic mineralization with a
significant upside potential. Ishkoday has a project-wide database (2008 to 2019) that includes
307 diamond drill holes totaling 48,879m, ge ological mapping, ground and airborne
geophysics, and 21.800 individual samples with assays and geochemical analysis. The
mineralization on Ishkoday is open at depth be yond the current core-drilling limit of -200 m
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from surface, based on the historical mining to a -685 m depth, in the past producing Sturgeon
River Mine.
The 2018-2020 exploration initiated in May 2018 is a three-staged program with the strategic
objective of outlining the precious and base meta ls upside potential of the 5km by 1km Target
Area of the southern claims block at Ishkoday. 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 which will guide future exploration
targeting. This Model will provide LAURION with a solid technical foundation to initiate
diamond drilling to demonstrate the depth potential across the Target Area at Ishkoday as
part of the Stage 3 drill program starting 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, 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 in volve risks and uncertainties. Actual events an d future results, performance or achievements
expressed or implied by such forward-lookin g statements could differ materially from those projected herein including as a resu lt
of a change in the trading price of the Co rporation's common shares, the interpretation and actual results of current explorati on
activities, changes in project para meters 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 p arties
to perform, labor disputes and other risks of the mining industry, delays in obtainin g governmental approvals or financing or i n 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 uncert ainties relating to these forward-looking
statements. The reader is cautioned not to rely on these forward- looking statements. Subject to a pplicable 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.