LAURION Intersects Significant Mineralization in Drilling Connecting the McLeod and A-Zones, Including 0.71 g/t Au, 13.29 g/t Ag, 0.17% Cu and 2.22% Zn over 13.5 Metres (Drill Hole LBX21-046)
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LAURION Intersects Significant Mineralization in Drilling Connecting the
McLeod and A-Zones, Including 0.71 g/t Au, 13.29 g/t Ag, 0.17% Cu
and 2.22% Zn over 13.5 Metres (Drill Hole LBX21-046)
TORONTO, ONTARIO – September 30, 2021) – LAURION Mineral Exploration Inc. (TSX.V: LME
and OTCPINK: LMEFF) (“LAURION” or the “Corporation”) is pleased to announce new drill
hole assay results of the ongoing 2021 drilling program focussing on the strike continuity
between the A-Zone and McLeod mineralized areas on the Ishkoday Property, located
220 km northeast of Thunder Bay.
Highlights of current drill hole results include:
- 0.77 g/t Au, 4.31 g/t Ag, 0.83% Zn over 20m on hole LBX21-045 between 145 and
165m.
- 0.71 g/t Au, 13.29 g/t Ag, 0.17% Cu and 2.22% Zn over 13.5m on hole LBX21-046
between 138.5 and 152 m (See Figure 1).
The current assay results, combined with new geological understanding, confirms the
presence of volcanogenic mineralization (A-Zone type) over the whole strike length
between the McLeod Zone and A-Zone. The strike length across the mineralized zones is
approximately 1.4 km, with a confirmed depth up to 150 m from the surface.
A soil survey completed north of the Sturgeon River, 1.5 km north of the McLeod Zone
highlighted several copper anomalies, confirming the potential for additional
volcanogenic mineralization North of the current area of focus.
Diamond Drilling Results:
Drilling resumed on August 19, 2021, following the lifting of the forest fire restrictions in the
region. In-fill drilling focussed on linking the A-Zone and the McLeod Zone mineralized
horizons. A total of 11 drill holes were completed to date, and LAURION is pleased to issue
results of the first two drill holes, LBX21-045 and 046.
Mineralization occurs in a series of intermediate to felsic volcanic units cut by dioritic
dykes. The majority of the mineralization is located in pervasive pyrite-sphalerite-quartz-
carbonate stockworks and veins, with some massive sulphide horizons. A two (2) metre
long semi-massive sulphide interval was intersected in hole LBX21-046 and is
composed of sphalerite-pyrite-chalcopyrite-galena (See Figure 1). Brecciated
quartz, magnetite banding with strong sericite-chlorite and silica alteration is also
observed within the same intersection. The hole was stopped in a mineralized quartz
vein (last 3.5 metres) due to
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technical issues on the hole. The completed results for the mineralized zones can be found
in Table 1 below.
Table 1: Selected Best Results from Diamond Drilling Connecting the Mineralized Zone
Between McLeod Zone and A-Zone:
Hole ID From
(m) To (m) Length
(m) Au g/t Ag g/t Cu % Pb % Zn %
LBX21-046 138.50 152.00 13.50 0.71 13.29 0.17 0.27 2.22
including 149.00 151.00 2.00 2.90 61.83 0.92 0.91 10.78
LBX21-045 145.00 165.00 20.00 0.77 4.31 0.04 0.03 0.83
LBX21-040 41.00 46.50 5.50 0.38 5.72 0.11 0.03 0.60
LBX21-041 37.00 41.00 4.00 0.95 2.26 - - -
LBX21-042 200.00 204.00 4.00 0.38 14.29 0.13 0.32 3.12
LBX21-043 46.00 53.30 10.30 0.49 10.27 0.06 0.06 0.80
LBX21-044 98.00 107.00 9.00 0.47 1.66 0.02 0.01 0.71
Note: At this time the true width of the mineralized interval is unknown.
Since the discovery of the McLeod Zone, there has been very little exploration conducted
in the swamp area between both showings (McLeod and A-Zone) and recent advances
showed that the A-Zone mineralization is similar to the McLeod Zone. Based on LAURION’s
recent exploration focus in the area, this sector was prioritized for the second phase of
the 2021 drilling campaign. Results from LBX21-045 and LBX21-046 aided in confirming the
continuity along strike between both zones. These results combined with the discovery of
two historical trenches south-west of McLeod Zone show that the system remains open in
all directions.
Table 2: Drill hole coordinates for drill holes LBX21-040 to -046.
Soil Sampling Results
In the past, limited exploration work was conducted in the northern area of the Ishkoday
project. A total of 5 historic drill holes were completed on the River Showing and yielded
good results (DDH 88-22 with 10.37m @ 0.20 g/t Au 13.62 g/t Ag and 1.22% Cu).
Hole ID Azimuth Dip Length Easting Northing Elevation
LBX21-040 307 -67 368 445947.2 5512615.2 322.4
LBX21-041 130 -80 278 446235.8 5512740.5 323.6
LBX21-042 70 -45 338 446280.2 5512838.2 320.2
LBX21-043 108 -70 201 446574.0 5513109.6 326.1
LBX21-044 108 -55 194 446533.9 5513141.6 322.3
LBX21-045 108 -50 326 446293.5 5512693.9 322.2
LBX21-046 108 -50 155.4 446319.4 5512744.8 322.1
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Previous grab samples also yielded copper results grading over 1.8% Cu. Two magnetic
high anomalies are also present on the northern portion of the project, which are
interpreted to represent possible extensions of the A-Zone system.
A soil sampling survey was conducted to cover the eastern part of the property up to 1km
north of the Namewaminikan river, which is located 700m north of the A-Zone. A total of
859 samples were taken from the B-horizon in available soils. All samples were dried,
sieved and assayed onsite using a portable XRF to detect any anomalies in base metals.
Copper returned anomalous results ranging from 25ppm up to 191ppm for 48 samples.
Indications from soil sampling, grab sampling and historical drilling, indicate a potential
extension of mineralization over that area and requires further prospecting and possible
trenching (See Figure 2).
QAQC
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 with gravimetric finish. A total of 5% blanks and 5% standard are
inserted randomly within all samples. 5% of the best assays results pulps will be sent for re-
assays. A total of 8.7% blanks and 9.5% standard were randomly inserted during the pXRF
analyse of the soil sampling. 2.8% we re-analyzed. All QAQC were verified, and no
contamination or bias have been observed.
Qualified Person
The technical information in this news release has been prepared in accordance with
Canadian regulatory requirements and has been reviewed and approved by Jean
Philippe Paiement, P.Geo., MSc., a consultant to LAURION, and a "qualified person" within
the meaning of National Instrument 43-101.
About LAURION
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. LAURION now
has 238,069,240 outstanding shares of which approximately 79% 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 km2 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 mining
to a -685 m depth, in the past producing Sturgeon River Mine. The Brenbar Property,
acquired in 2020, is contiguous with the Ishkoday Property and 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
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