LAURION DISCOVERS NEW SULPHIDE VEINS AT THE CRK ZONE AT ISHKODAY Azurite segment (Outcrop #34) yielded 3 separate channel samples intervals, one of which gave 0.90 g/t gold, 35.26 g/t silver, 0.53% copper and 5.71% zinc over 7.50m
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LAURION DISCOVERS NEW SULPHIDE VEINS AT THE CRK ZONE AT ISHKODAY
Azurite segment (Outcrop #34) yielded 3 separate channel samples intervals, one of
which gave 0.90 g/t gold, 35.26 g/t silver, 0.53% copper and 5.71% zinc over 7.50m
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TORONTO, ONTARIO (September 24, 2019) - Laurion Mineral Exploration Inc. (TSX.V: LME) and
(OTCPINK: LMEFF) (“LAURION” or the “Corporation”) is pleased to report new and significant
channel samples intervals assay results from the northern portion of CRK Sulphide Veins (the
“CRK”) sector, termed the Azurite segment (Outcrop #34), on the Corporation’s wholly-owned
Ishkoday Project (“Ishkoday”), located 220 km northeast of Thunder Bay (Ontario).
Discovery of New Sulphide Veins
The Azurite segment covers a 300m2 area (30m by 10m) containing a 0.5 to 1.5m wide, 25m long
massive sulphides unit consisting of sphalerite, chalcopyrite and galena hosted in a siliceous,
highly fractured felsic volcanic or intrusive located at the northern extremity of the CRK, some
260m north of the main CRK (Figure 1 Location Map; Figure 2 Channel Samples Intervals Assay
Results). The CRK forms part of a northeast -southwest corridor extending some 2.1km in length
by 500m wide encompassing multiple areas of sulphide veins of various size s. The massive
sulphides were fully sampled over the exposed 13m length in 3 channel samples intervals
yielding: (1) 0.32 g/t gold, 26.14 g/t silver, 0.38% copper and 8.84% zinc over 4.37m; (2) 44.87 g/t
gold, 41.85 g/t silver, 0.43% copper and 4.14% zinc over 1.06m; and (3) 0.90 g/t gold, 35.26 g/t
silver, 0.53% copper and 5.71% zinc over 7.50m.
Individual channel sample assay results from the 3 intervals are outlined in the following table:
UTM COORDINATES
(NAD 84, ZONE 16)
CHANNEL
LENGTH AU AG CU PB ZN
EASTING NORTHING (m) (g/t) (g/t) % % %
445478 5512289 0.68 0.36 13.70 0.15 0.02 16.20
445478 5512288 0.68 0.26 14.20 0.10 0.04 10.35
445479 5512287 1.09 0.18 21.10 0.30 0.13 9.16
445479 5512286 1.07 0.45 39.40 0.62 0.16 5.01
445480 5512285 0.85 0.335 35.40 0.57 0.07 6.13
4.37m 0.32 g/t 26.14 g/t 0.38% 0.10% 8.84%
445479 5512286 0.26 0.795 46.30 0.95 0.07 6.06
445479 5512286 0.80 59.20 40.40 0.26 0.05 3.52
1.06m 44.87 g/t 42.85 g/t 0.43% 0.05% 4.24%
445496 5512267 0.91 1.455 41.10 0.42 0.08 6.16
445496 5512268 0.81 0.02 1.80 0.04 0.00 0.56
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445496 5512269 0.77 0.29 19.30 0.41 0.00 1.09
445495 5512269 1.00 0.74 34.90 0.53 0.16 3.57
445494 5512270 1.04 1.06 34.30 0.70 0.22 4.70
445494 5512271 1.18 1.01 33.80 0.52 0.29 15.35
445493 5512273 0.88 0.99 41.60 0.68 0.09 9.32
445493 5512273 0.91 1.46 70.00 0.88 1.36 1.23
7.50m 0.90 g/t 36.26 g/t 0.53% 0.29% 5.71%
Ishkoday Mineral Exploration Model: Geology and Mineralization
(taken from “The Geraldton -Onaman Transect – Volcanology, Metamorphism, Deformation and Mineralization”,
MERC 2019 Geraldton-Onaman Field Trip Guide, Z. Toth et al., 2019, pp. 11 to 14 ; and LAURION’s exploration work in
2018-2019)
Ishkoday consists of an o utlier of calc -alkaline volcanic assemblage composed of pillowed
mafic flows overlain by monolithic to heterolithic felsic to intermediate volcanic flows and tuffs,
and volcaniclastic rocks, and intruded by syn -volcanic felsic, intermediate and minor mafic
dykes. The largest dyke is the 1km wide Sturgeon River Pluton (the “ Pluton”) which hosts the
majority of the known mineralization. The pluton is in -turn intruded by major syn -volcanic
intrusions to the southeast (Coyle Lake Batholith) and northwest.
Mineralization at Ishkoday occurs in two separate styles. The first, termed Ishkoday style, is an
early, syn-volcanic hydrothermal system with discordant, zoned, stockwork-type pipes consisting
of a magnetite-actinolite-sulphide core, and a peripheral zone of comb-textured quartz veins,
patchy to pervasive epidote alteration, and pods of chlorite alteration and breccia. The
second, termed Sturgeon River style, are syn- to early-tectonic, fault-filled, crack-seal textured,
gold-silver bearing quartz veins with a chlorite alteration halo that includes iron carbonate and
pyrite. Based on cross-cutting relationship the Sturgeon River quartz veins postdate the Ishkoday
mineralization; however the two mineralized systems have similar northeast -southwest
orientations and spacing, suggesting similar structurally controlled mineralizing fluids channels.
Some of the intermediate dykes consisting of porphyritic dyke swarms crosscut the earlier
Ishkoday style alteration, while others are altered by the latter.
Sulphides of the Ishkoday style mineralization consists of disseminated, stringer and massive
sulphides containing iron, zinc, copper, gold and silver. The later lode gold-silver quartz veins are
associated with fracturing/shearing with the quartz vein transitioning into fractures or shears and
vice-versa. Both styles of mineralization extend 1 00’s to 1,000’s meters lengths, occurring as
multiple individual sinuous and anastomosing centimeter to meter wide vein sets, and forming
corridors several hundred meters in width (Figure 3 Ishkoday Project Target Area Geology Map).
The base (and precious) metal vein sets are the 1.1 km “A” Zone with its 9 individual sulphide
veins, followed 750m to the southwest by the 1.2km long, 10 sulphide veins of the CRK Zone,
which transitions 250m further to the southwest into the 18 quartz veins of the 85-A2 Quartz Vein
with secondary metric long sulphide veins . The Miron, McLeod, Joe, Ahki (A-6), Azurite-Johnny
(A-5) and Tehya showings encompass additional sulphide veins along and across strike, forming
as a whole a 2.3km by 600 wide corridor of the Loki Trend, termed Domain 1.
The gold bearing vein sets are the No. 3 Quartz Vein encompassing 11 individual veins ( Nos. 1,
2, 3, 3A to 3E, Coniagas and Nos. 8/11 in a second corridor extending some 750m in length by
375m wide as part of Domain 2. The peculiarity of this corridor is the dominant 010° trend (with
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secondary 040° quartz veins forming anastomosing veins) of the gold -rich No. 3 Quartz Vein of
the historic Sturgeon River Mine. Gold grades recently reported by LAURION on the No. 3 Quartz
Vein South ( refer to the Corporation’s news release dated August 20, 2019 ) included in -vein
composite interval assays of 47.61 g/t gold over 7.95m (sample line 5-L26P), 92.58 g/t gold over
12.98m (sample line 5-L27P), 79.64 g/t gold over 4.18m (sample line 5-L28P) and 14.85 g/t gold
over 9.45m (sample line 5-L29P).
The Marge Quartz Vein has four distinct quartz veins (Marge, Marge South “F” and “X”) on trend
at 040° with the M24-25 Quartz Veins that hosts some 15 quartz veins (M -series quartz veins)
covering a 1.8km by 225m wide corridor of Domain 3.
Quartz veins dominate the central, west and southwest portions of the Target Area, whereas the
sulphide veins occur generally in the northeast segment of the Target Area. The Pluton hosts the
No. 3 Quartz Vein at the Sturgeon River Mine (South Pluton), the Marge Quartz Vein (Central
Pluton); and the M25 Quartz Vein (West Pluton). The Pluton also hosts centimeter-wide sulphide
veins/veinlets as shears/fracture s, with or without quartz veins. Multiple veins of the A-2 Quartz
Vein (A-2, A-4 to A -6 and V -2 to V -9) overlap the multiple sulphide veins of the CRK and “ A”
zones.
Ishkoday Mineral Exploration Model: Geological Modelling
Project wide sections covering 90% of the LAURION and historic drilling were compiled across at
50m sections (Figure 4 Mineralized Corridor Longitudinal Section; Figure 5 – Interpretative Cross-
Section of the “A” Zone Sulphide Veins ). Bedrock descriptions from drill core and outcrop were
standardized across all drill programs to ensure consistency. A geological and structural model
is being constructed.
For now, three mineralized zones showed sufficient continuity along a northeast-southwest strike
with the dr ill density to support the construction of wireframes of quartz veins and sulphide
veins. Explicit modeling was done on 25m and 50m spaced sections w here appropriate. The
mineralized zones, the Sturgeon River Mine, CRK and “A” Zone, were wire-framed on sec tions
using a 1 g/t gold cut -off for geological continuity. The mineralized zones were plotted on a
longitudinal section over a km strike length corridor, some 500m wide. All areas were modelled
using historic drill intercepts with exception of a small area at Sturgeon River Mine where higher
grade gold 2019 summer results have been returned ( refer to LAURION’s news release dated
August 20, 2019).
The modelling will be revisited once all 2019 channel sample results have been returned, wi th
the primary area of infill being within the 4 km corridor sulphide and quartz veins centered on
the “A” and CRK zones. The modelling showed extension at depth. The Sturgeon River Mine was
only zone that was extended to include the deeper drill holes dr illed by LAURION in 2010 to a
depth of -825m from surface.
Refer to Figures 1 to 5 on LAURION’s website using the following link:
http://www.laurion.org/ishkoday-project/highlights/2019-field-exploration-program/
QA-QC Protocols
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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 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.
Qualified Persons
Mr. Jean Lafleur, P. Geo. (PGO, OGQ), LAURION’s Technical Advisor to the Board of Directors, is
a Qualified Person as defined by National Instrument 43 -101 guidelines and has reviewed and
approved the content of this news release. The 2D/3-D geological modelling work is being done
by Ms. Francine Long, P. Geo. (PGO), LAURION’s Technical Consultant, using the Geosoft TM
Target software.
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
165,630,869 outstanding shares of which 58.7% are owned and controlled by Insiders w ho 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, 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 the precious and base metals upside potential at Ishkoday, part
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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. 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 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 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 grad e 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. Invest ors 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.
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VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.