LAURION Intersects 5.93 g/t Gold, 97 g/t Silver, 8.42% Zinc over 1.4 m at Ishkoday Project, Ontario
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LAURION Intersects 5.93 g/t Gold, 97 g/t Silver, 8.42% Zinc over 1.4
m 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 ( June 24, 2020) – LAURION Mineral Exploration Inc. (TSX.V: LME
and OTCPINK: LMEFF) (“LAURION” or the “Corporation”) is pleased to provide a further
progress report on its drilling and exploration program at its 100% owned Ishkoday
Project and contiguous Brenbar earn-in option Project (the "Project"), located 220 km
northeast of Thunder Bay, Ontario, near the town of Beardmore. To date, 20 drill holes
totalling 4,750 m have been completed with a ssay results for 14 holes pending. The
two drill holes reported in this release were targeting historical intercepts along strike
and at depth. Significant results are given in Table 1 and drill hole information is listed
in Table 2 , below. Figure 1 shows the mineralized intervals projected to surface with
the trends of Ishkoday -style (gold -zinc) and Sturgeon River -style (gold -silver)
mineralization in the A Zone.
Highlights:
5.93 g/t Gold, 97 g/t Silver, 8.42% Zinc over 1.4 m in Hole LBX20-005; and
0.65 g/t Gold, 3.89 g/t Silver, 1.09% Zinc over 10.82 m in Hole LBX20 -006,
Including 1.43 g/t Gold, 9.7 g/t Silver, 5.3% Zinc over 1.25 m
Table 1: Significant Assay Results, Holes LBX20-005 and LBX20-006
Hole ID From
(m)
To (m) Length
(m)
Gold
(g/t)
Silver
(g/t)
Copper
(wt%)
Lead
(wt%)
Zinc
(wt%)
LBX20-005 167 183.1 16.1 0.18 4.26 0.11 0.01 0.56
LBX20-005 212.27 213.67 1.4 5.93 97.00 0.18 0.23 8.42
LBX20-006 42.3 56 13.7 0.43 2.48 0.03 0.01 0.26
Including 46 47.46 1.46 1.40 11.60 0.18 0.04 0.62
LBX20-006 81.38 92.2 10.82 0.65 3.89 0.04 0.02 1.09
Including 83.35 84.6 1.25 1.43 9.70 0.06 0.05 5.31
Including 91 92.2 1.2 1.84 5.20 0.11 0.02 0.22
Note: Mineralization is subvertical and the true width of mineralization is estimated at >60% of the drill
hole interval.
Table 2: Collar position, orientation, and depth of diamond drill holes.
Hole ID Easting (m) Northing (m) Elevation
(m)
Azimuth Dip Depth
(m)
LBX20-005 446681 5513075 324 310 -50 239
LBX20-006 446671 5513148 324 310 -50 155
Coordinates are presented in UTM NAD83 Zone 16N.
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David Lewis, P.Geo., Exploration Manager commented: “Our ongoing drill campaign
continues to demonstrate the continuity of mineralization, including significant high -
grade zones, within several parallel mineralized corridors as shear zones and/or as
veins. The 1.4m intersection in hole LBX20-005, with the high-grade gold, silver and zinc
values, is a new high-grade discovery within the mineralized A Zone target that occurs
beneath fault cover and is a blind target.”
Mr. Lewis continued: “Drill assays, oriented core and surface mapping have further
confirmed the presence of at least four subparallel, gold -mineralized corridors, with
an additional two corridors that have been mapped or drilled with assay values
pending. Furthermore, drilling has confirmed the presence of a much wider base
metal zone that also hosts gold and silver mineralization. This base metal zone pinches
and swells along trend, suggesting that it may be folded. These target areas, such as
the one intersected in hole LBX20 -003 (see May 29, 2020 news release) have the
potential to host much wider mineralized zones.”
Qualified Person
Mr. David Lewis, P. Geo. (PGO), LAURION ’s Exploration Manager, is a Qualified Person
as defined by National Instrument 43 -101 and has reviewed and approved the
content of this news release.
All core samples have been assayed by ALS Laboratories in Thunder Bay, Ontario.
Samples are processed by 4-acid digestion and analyzed by fire assay on 50 g pulps
and ICP -AES (Inductively -Coupled-Plasma – Atomic-Element-Spectroscopy). Over
limit analyses are reprocessed wi th gravimetric finish. LAURION employs an industry
standard QA/QC program including insertion of blanks, duplicates and standards.
Samples are sawn by core saw on site (cut perpendicular to mineralization), with one-
half of the core sent in secure bags to ALS Laboratories.
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 181, 685,977 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 development of its flagship project, the 100% owned
mid-stage 47 km 2 Ishkoday Projec t, and its gold -silver and gold -rich polymetallic
mineralization with a significant upside poten tial. The mine ralization 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, 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 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
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Tel: 1-705-788-9186
Fax: 1-705-805-9256
Website: http://www.LAURION .ca
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 manag ement'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 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, a s 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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IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
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