LAURION Initiates 2020 Exploration Drill Program at Ishkoday Project, Ontario
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LAURION Initiates 2020 Exploration Drill Program 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 (April 28, 2020) – Laurion Mineral Exploration Inc. (TSX.V: LME and
OTCPINK: LMEFF) (“LAURION” or the “Corporation”) is pleased to report the
commencement of the 2020 exploration drill program (the “Program”) at its 100%
owned Ishkoday Pr oject (the "Project"), located 220 km northeast of Thunder Bay,
Ontario, near the town of Beardmore.
The first Program of 4,500 metres is focussed on priority targeting of the A-Zone of the
Loki Trend, which extends over a 3,000 m by 800 m corridor (“the Loki Trend Corridor”).
The A-Zone is currently defined along a 1+ km corridor. Historic (1980s and 1990s) and
more recent LAURION (2012 to 2014) drilling has intersected significant grades and
widths of gold and base metal mineralization as follows:
Hole ID FROM
(m)
TO
(m)
INTERVAL
(m)
Au g/t Ag g/t Cu% Zn%
93-39 172.66 181.69 9.03 1.79 10 0.07 1.92
92-58 139.80 143.80 4.00 4.40 22.7 0.34 3.85
92-64 45.80 49.30 4.30 4.89 8.0 0.04 1.00
LBX12-
006
135.00 140.05 5.05 1.23 9.0 0.11 2.82
Incl. 138.80 140.05 1.25 4.24 40.06 0.40 10.52
LBX12-
010
35.00 148.00 113.00 0.50 3.2 0.02 0.63
Incl. 46.16 59.00 12.84 3.31 18.1 0.09 3.72
Incl. 46.16 50.20 4.04 5.26 40.1 0.29 8.38
Incl. 68.75 76.50 7.75 0.86 9.5 0.05 2.10
Incl. 68.75 71.00 2.25 2.58 30.3 0.14 6.72
Incl. 146.00 148.00 2.00 0.15 3.5 0.07 1.04
Notes: The true thicknesses of the mineralized zones are unknown. Part of the focus in this drill program is
on controls of zone orientation supported by modelling of the mineralized zones. Readers are cautioned
that, aside from holes LBX12 -006 and LBX12 -010, the above drill hole data are historical in nature. A
Qualified Person has not verified the historic data since there is no other information (such as Quality
Assurance and Quality Control measures) available apart from the historic drill logs and assays and the
historic drill core cannot be re -sampled nor re-assayed as it may no longer exist. LAURION believes that
these historical drill holes provide a conceptual indication of the potential of mineral occurrences within
the project and are a relevant guide for ongoing exploration and drilling.
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Cynthia Le Sueur -Aquin, President & CEO of L AURION commented: “Our geological
team has reinterpreted the geology of the A zone and identified a major north-south
shear zone which may be an important control on higher grade gold mineralization
in the A Zone. This new target will be tested in our drilling program which has now
commenced.”
David Lewis, LAURION ’s Exploration Manager, stated: “ The iden tification of this
southeast-dipping shear zone, which occurs in otherwise relatively undeformed rock,
is an important find. If it is a controlling structure on mineralization, it may have been
insufficiently tested as the vast majority of historic drillin g appears to be oriented
subparallel to this structure.”
The planned drilling is designed to confirm historic mineralized intercepts and will also
test the intersection of the vein structures and interpreted shear zones. The induced
polarization survey (a nnounced in the March 17, 2020 news release) has been
completed over the A-Zone and results will be used in conjunction with the updated
structural model to further refine drill targets. Core will be oriented using
Boart/LongyearTM TruCoreTM to help constrain the orientation of shear zones, vein
structures and rock contacts and will be used to facilitate ongoing drill targeting.
Further details on historical and LAURION drilling intercepts of the A-Zone are outlined
in the March 27, 2020 news release.
On a property scale, the A -Zone lies near the northeast boundary of the ellipsoidal
Sturgeon River Stock (Figure 1). The elongation of the stock, coupled with the nearby
shear zones inferred through previous Ontario Geological Survey, Laurentian University
Metal Earth and L AURION mapping and geophysics , suggests that the A -Zone is
hosted in a major prospective extensional zone.
A 3D conceptual model of the A -Zone, produced in GEMCOMTM by A. S. Horvath
Engineering Inc. , was initiated in December 2019 and completed in March 2020
(Figure 2). The model integrated approximately 26,000 m of historic (1987 to 1992) and
recent (2012 to 2014) drill core and suggests that two orientations (010° and 035°) of
sub vertically dipping mineralized vein structures are present in the area.
Infill assay sampling of available LAURION A-Zone drill holes identified the presence of
an unsampled, moderately dipping, 2 to 5 m wide shear zone with associated quartz
veins in holes LBX14-016 and LBX14-017. The shear zone is at low angle (~0 to 15°) to
core axis and a search of the surrounding historic and recent LAURION drill holes
suggests that the structure dips moderately (~50°) east or southeast. The infill sampling
also shows that two types of mineralized veins are present ( shear hosted and
extensional), although the trend of these veins is not yet verified. Results on these infill
samples are pending.
The conceptual 3D vein structure model (Figure 2), in conjunction with the shear zones
and vein styles identified in surrounding drill holes, suggests that the shear hosted veins
dip moderately east or southeast and the extensional veins strike northeast and dip
steeply. The vast majority ( ~95%) of historic drilling at the A -Zone was drilled
moderately (~50°) to the southeast, subparallel to this newly-recognized shear zone.
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Mr. David Lewis, P. Geo. (PGO), LAURION ’s Exploration Manager and 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.
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 180,599,311 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 developm ent 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. Ishkoday has a project -wide
database (2008 to 2019) that includes 307 diamond drill holes totaling 48,879 m,
geological mapping, ground and airborne geophysics, and 21,800 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 sur face, 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 mineral ization 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, 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 paramet ers 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 caution ed not to rely on these
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forward-looking statements. Subject to applicable law, the Corporation disclaims any
obligation to update these forward-looking statements.
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