Laurion Intersects 2.44 G/T Au and 1.58% Zn over 1.95M Within a Mineralized Intercept of 5.95M at 0.85 G/T Au and 0.54% Zn; as Part of the Depth Extension of the a-Zone at Ishkoday Au-Zn- Cu-AG Project
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LAURION INTERSECTS 2.44 G/T AU AND 1.58% ZN OVER 1.95M WITHIN
A MINERALIZED INTERCEPT OF 5.95M AT 0.85 G/T AU AND 0.54% ZN; AS
PART OF THE DEPTH EXTENSION OF THE A-ZONE AT ISHKODAY AU-ZN-
CU-AG PROJECT
TORONTO, ONTARIO (May 31, 2022) – LAURION Mineral Exploration Inc. (TSX.V: LME and
OTCPINK: LMEFF) (“LAURION” or the “Corporation”) is pleased to announce assay results
for three (3) new diamond drill holes testing the continuity at depth of the northeastern
portion of the A -Zone. The A -Zone is located along the 6 km long Au -Zn-Cu-Ag
mineralized tren d at the Corporation’s Ishkoday P roject, located near Beardmore,
Ontario.
The current assay results have demonstrated that the northeastern part of the A -Zone
gold- and zinc-rich synvolcanic mineralization extends to depth over more than 240 m
vertical. The drilling also identified a new miner alized structure, associated with the
Bezhik shear zone, bordering the northeastern edge of the A-Zone.
The depth extension of the A -Zone returned the following highlights (see table for full
results):
LBX22-063 from 1 73.5 to 175.25 m: 1.75 m (1.47 m true width ( TW)) @ 0.52
g/t Au and 1.82% Zn.
LBX22-064 from 234 to 239.95: 5.95 m (4.83m TW) @ 0.85 g/t Au, 0.54% Zn
and 0.20% Cu. Including 1.95m (from 238 to 239.9 5m) @ 2.44 g/t Au, 1.58%
Zn and 0.56% Cu.
LX22-065 from 282 to 290 m: 8 m (6.69 m TW) @ 0.39 g/t Au, 2.48% Zn and
0.32% Cu. Including 1.00 m (from 289 to 290m) @ 1.68 g/t Au, 6.26% Zn and
1.12% Cu.
The new mineralized structure in association with the Bezhik shear returned the following
highlights:
LBX22-065 from 175.3 to 178.10 m: 2.80 m (2.24 m TW) @ 2.12 g/t Au, 3.07%
Zn and 0.34% Cu.
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This new mineralized area is open to the southwest and the A-Zone remains open at
depth. The extensions are further tested by LBX22-077, LBX22-078, LBX22-079 and LBX22-
080 (assay pending).
Current Drilling and Objectives
A total of 10,191 m in twenty-seven diamond drill holes have been drilled to date
with a ssays pending for eight drill holes in the McLeod Zone and six drill holes
between the A-Zone and McLeod Zone , in which all drill holes have intercepted
the stacked veins.
The drill is currently in the McLeod zone to test its continuity to the southwest
where the stacked veins coincide with a large magnetic high anomaly. Seven
drill holes are planned in this zone.
Further drilling is also planned to test: (i) the western connection between
the A-Zone and the McLeod Zone ; and (ii) The mineralized gold Joe vein
in McLeod Zone; identified through surface sampling.
A-Zone Assay Results Highlights
Hole ID From To Core Length True Width* Au Zn Cu Ag
(m) (m) (m) (m) (g/t) (%) (%) (g/t)
LBX22-063 10.50 14.90 4.40 3.80 0.15 0.72 0.03 1.92
LBX22-063 100.00 108.50 8.50 7.22 0.19 0.09 0.03 7.22
LBX22-063 173.50 175.25 1.75 1.47 0.52 1.82 0.20 12.79
including 174.45 175.25 0.80 1.02 3.18 0.34 23.70
LBX22-064 234.00 239.95 5.95 4.83 0.85 0.54 0.20 11.72
including 238.00 239.95 1.95
2.44 1.58 0.56 33.95
LBX22-064 275.30 276.00 0.70 0.56 0.37 4.07 0.31 14.00
LBX22-065 15.40 16.55 1.15 0.92 0.86 1.89 0.06 5.35
LBX22-065 175.30 178.10 2.80 2.24 2.12 3.07 0.34 20.14
LBX22-065 218.20 219.70 1.50 1.26 0.54 2.51 0.23 9.86
LBX22-065 282.00 290.00 8.00 6.69 0.39 2.48 0.32 13.96
including 282.00 287.00 5.00
0.26 2.60 0.26 12.72
including 289.00 290.00 1.00 1.68 6.26 1.12 39.50
* True widths are calculated based on an average dip of 70° towards N330° for the mineralized zones
Please refer to the schematic sections shown in Figure1, Figure 2, Figure 3 and Figure 4.
Sampling Analysis and Laboratory
Samples from the 2022 drilling we re cut and sent for analysis. Preparation and analysis
were completed at the Actlabs (ISO 9001:2015) laboratory in Thunder Bay , O ntario.
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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. Dri ll core is
photographed, logged and cut in half, with one half retained in a secur ed 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 per son as defined by
National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
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 252,384,022 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, a nd 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 mining to a -685 m dept h, 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.
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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 intentions. The forward -looking
statements involve risks and uncertainties. Actual events and future results, performance or
achievements expressed or implied by such forw ard-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 p arameters 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 c autioned 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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ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.