LAURION Extends the A-Zone to 700m Towards the Southwest and Intercepted 1.21 g/t Au and 6.40% Zn over 8.70 m
LAURION Extends the A-Zone to 700m Towards the Southwest and
Intercepted 1.21 g/t Au and 6.40% Zn over 8.70 m
TORONTO, ONTARIO (April 19, 2022) – LAURION Mineral Exploration Inc. (TSX.V: LME and
OTCPINK: LMEFF) (“LAURION” or the “Corporation”) is pleased to announce assay results
from the first three (3) diamond drill holes designed to expand the gold -and-zinc-rich
mineralization at the A-Zone; located within a 2km segment of the 6 km long Is hkoday
mineralized trend . The A-Zone trend is located on the southeastern portion of the
Ishkoday project which LAURION is targeting with a 15,000 m drill campaign , which
commenced on January 14, 2022 . The Ishkoday project comprises an area of 47 km 2
with initial exploration focu s in areas accessed via the ro ad 801, approximately 20 km
northeast of Beardmore, Ontario.
The drilling confirmed the current geological interpretation and 3D model for the
mineralization at the A-Zone. The interpreted mineralized horizon and veins, believed to
be associated with syn-volcanics hydrothermal activity and later orogenic events, have
been intercepted in all holes from the 2022 drill campaign . The redefined interpretation
illustrates the stacked nature of the mineralization extending over more than 2 km strike
length and 200 m width from the CRK Zone to the A-Zone.
In this newly drilled area, gold-and zinc-rich mineralization were intercepted returning:
LBX22-057: 1.21g/t Au, 6.40% Zn and 0.80% Cu over 8.70 m, including 1.67
g/t Au, 10.56% Zn, and 0.79% Cu over 2.68 m; 1.75 g/t Au, 13.36% Zn and
2.09% Cu over 1.45 m
LBX22-056a: 0.85 g/t Au, 1.98% Zn and 0.18% Cu over 3.45 m, including 1.55
g/t Au, 7.79% Zn and 0.27% Cu over 0.5 m
LBX22-058: 1.55 g/t Au, 1.12% Zn, 0.11% Cu over 1.30 m, including 2.79 g/t
Au, 1.85% Zn and 0.15% Cu over 0.70 m
Along the Ishkoday mineralized trend, two mineralization styles were identified:
gold-and-zinc-rich volcanogenic veins/horizons and:
orogenic style gold veins
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A-Zone Assay Results Highlights
Hole ID From To Length Au Zn Cu
m m m g/t % %
LBX22-056 13.50 15.50 2.00 0.26 1.59 0.08
LBX22-056a 13.50 14.30 0.80 2.33 2.63 0.54
LBX22-056a 127.55 131.00 3.45 0.85 1.98 0.18
including 128.60 129.10 0.50 1.55 7.79 0.27
including 129.70 130.20 0.50 1.01 2.06 0.28
LBX22-056a 136.20 146.10 9.90 0.25 1.79 0.08
including 136.20 138.00 1.80 0.37 3.70 0.20
including 139.00 140.00 1.00 0.50 3.24 0.08
LBX22-056a 161.70 163.46 1.76 0.60 6.66 0.33
including 162.86 163.46 0.60 0.86 15.00 0.43
LBX22-057 144.00 146.75 2.75 0.20 4.00 0.11
including 144.00 144.50 0.50 0.56 9.18 0.20
including 146.15 146.75 0.60 0.40 10.40 0.31
LBX22-057 152.50 155.85 3.35 0.17 1.04 0.02
including 155.35 155.85 0.50 0.85 5.10 0.09
LBX22-057 171.00 173.50 2.50 0.47 1.07 0.03
including 171.00 171.50 0.50 0.84 3.33 0.07
LBX22-057 222.55 231.25 8.70 1.21 6.40 0.80
including 222.55 224.00 1.45 1.75 13.36 2.09
including 228.57 231.25 2.68 1.67 10.56 0.79
LBX22-058 41.00 42.30 1.30 1.55 1.12 0.11
including 41.60 42.30 0.70 2.79 1.83 0.15
*Note that the mineralized structures are interpreted to be steeply d ipping and the
intervals are not true width.
The current drilling campaign for the A-Zone also included:
Three drill holes located along strike from these initial holes (LBX22-056, LBX22-
057 and LBX22 -058) that also intersected gold-and zinc rich veins (assays
pending), wh ich confirms that the A-Zone extends significantly to the
southwest over a newly opened strike area of more than 700 m.
Four new planned drill holes to further test the southwest extension of the A-
Zone.
Two drill holes located in the northeastern portion of the A -Zone have tested
the mineralization zone at depth and intersected gold-and-zinc-rich veins
together with gold orogenic veins (assays pending).
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Drilling in the A -Zone confirmed that the widest and highest-grade intercepts
are dipping to the southwest at approximately 25° towards 225°, which is in
line with the region stretch lineation (See Figure I, Figure 2 and Figure 3).
Current Drilling and Objectives
Nine drill holes located in the McLeod zone swamp intercepted the modelled
gold- and zinc-rich veins and gold orogenic veins along the northeast -trending
Ishkoday mineralized trend (assays pending).
If spring conditions permit, three additional drill holes are planned in the swamp
to target a large chargeability anomaly coinciding with the interpreted
mineralized horizons.
Once the spring breakup occurs, the drill will be moved to the A-Zone to further
investigate the newly opened area; and the continuity of the CRK and A-Zone.
Further drilling is also planned to test the possible southeastern connection
between the McLeod area and CRK Zones.
Sampling Analysis and Laboratory
Samples from the 202 2 drilling were cut and sent for analysis. Preparation and analysis
were completed at the Actlabs (ISO 9001:2015) laboratory in Thunder Bay. Actlabs is an
internationally recognized laboratory that provides geochemical sample preparation,
analytical procedures, and data management solutions.
LAURION uses a quality assurance/quality control (QA/QC) program that monitors the
chain of custody of samples and includes the insertion of blanks (5% of the announced
results), duplicates (3% of the announced results) , and standard reference material (5%
of the announced results) in each batch of samples sent for analysis. Drill core is
photographed, logged, and cut in half with one half retained in a secured location for
verification purposes and one half shipped for analysis.
The entire sample is crushed to 80% passing 2 mm and a riffle split of 250 grams is taken
and pulverized to 95% passing 105 µm (RX1). Samples are analyzed by four-acid
digestion/ICP-MS package for 36 elements (1F2). Additionally, samples are analyzed for
Au using a firing assay from a 50-gram pulp (1A2B-50). Overlimit samples values for zinc
(>1%) and Pb (>0.5%) are re-assayed using a four -acid digestion overlimit method with
ICP-AES 9 (8-4 Acid over limit).
No QA/QC issues were noted with the results reported herein.
Qualified Person
The technical contents of this release were reviewed and approved by Jean-Philippe
Paiement, PGeo, MSc, a consultant to LAURION, and a qualified person as defined by
National Instrument 43-101.
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About LAURION Mineral Exploration Inc.
The Corporation is a junior mineral exploration and development company listed on the
TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. The
Corporation currently has 249,447,945 outstanding shares, of which approximately 81%
of LAURION’s issued and outstanding shares 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 47 km 2 Ishkoday Project, and its gold -silver and gold -rich polymetallic
mineralization with a significant upside potential. The mineralization on Ishkoday is open
at depth beyond the current core -drilling limit of -200 m from surface, based on the
historical min ing to a -685 m depth, in the past producing Sturgeon River Mine. The
Brenbar Property, which was acquired in 2020 and is contiguous with the Ishkoday
Property, hosts the historic Brenbar Mine. LAURION believes 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
Follow us on Twitter: @LAURION_LME
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, management's objectives, strategies, beliefs and i ntentions. 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 a s 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 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 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, t he Corporation disclaims any obligation to update these forward -looking
statements.
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