LAURION Provides Update of the 2022 Exploration Program, Expanding Stacked Vein System on Ishkoday Project
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LAURION Provides Update of the 2022 Exploration Program,
Expanding Stacked Vein System on Ishkoday Project
TORONTO, ONTARIO ( August 16, 2022 ) – LAURION Mineral Exploration Inc. (TSX.V: LME and
OTCPINK: LMEFF) (“LAURION” or the “Corporation”) , is pleased to provide a corporate update for
the Corporation’s 2022 Exploration Program at the Ishkoday Au-Zn-Cu-Ag property ( the
“Ishkoday” or the “property”), which is located 220 km northeast of Thunder Bay , Ontario. The
following release aims at delivering an update on the drilling and mapping work conducted thus
far in 2022.
Overview of the 2022 Exploration Program Activities on Ishkoday
2022 Drill Program
LAURION commenced a diamond drilling program in January 2022, completing 14,211.5 m in 46
drill holes. The last drill hole was completed on July 4, 2022. The drill program was designed to test
the potential of the undrilled continuity of the mineralization between the A-Zone, McLeod and
CRK areas. The drilling intersected stacked and steeply dipping volcanogenic polymetallic
mineralized zones and orogenic gold veins from the A -Zone to the McLeod Zone, situated within
a 1.5 km n ortheastern segment of the 6 km -long Ishkoday mineralized trend. The Corporation is
still awaiting assay results for 22 drill holes.
The 2022 drilling expanded the stacked vein system in the A -Zone and McLeod zone area from
an area of 1.1 km by 250 m to 1.5 km by up to 400 m in the A -Zone and up to 600 m in the
McLeod Zone. The mineralized trend remains open at depth and on strike.
To date, 419 drill holes, for a total of 78,663 m, have been drilled on the Ishkoday.
“The 2022 drill program has helped prove the continuity of the current mineralized zones while
also identifying new exploration targets,” stated Cynthia Le Sueur -Aquin, President and CEO of
LAURION. “These results significantly increa se the mineral exploration potential of the Ishkoday
Au-Zn-Cu-Ag deposit. We are most pleased with the success of the 2022 drilling and mapping
programs, which have demonstrated that the stacked vein systems remain open at depth,
along strike, and to both the northwest and southeast, which suggests that the mineral
exploration p otential of the Ishkoday Au -Zn-Cu-Ag deposit may increase with continued
targeted future drilling and exploration programs.”
2022 Ishkoday Mapping Program
In June 2022, L AURION started a geological mapping program at a scale of 1:2,500 in the A -
Zone, McLeod and CRK zones, covering the northeastern part of the Ishkoday mineralized trend
(over an area of 2.5 km by 1.5 km), along strike with the Sturgeon River historic gold mine . The
historical mine is located 1 km to the southwest of the mapping area and produced 73,438 oz.
Au, 15,992 oz. Ag at an average grade of 17 g/t Au from 1936 to 1942. The mapping program
was designed to help unravel the structural complexity of the area, ident ify key alteration
profiles and increase the current mineral exploration potential of the Ishkoday Au -Zn-Cu-Ag
veins.
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A hand-stripping, power -washing and channel sampling program commenced in advance of
the mapping program, with the aim of: opening up key ar eas to the west of the McLeod and
CRK Zones; and assisting with the critical structural and alteration mapping, which is crucial to
enhancing the 3D model and future drill targeting. These key exploration activities are key to the
confirmation of the continuity and expansion of the mineralized strike length.
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 – 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. LAURION now has
254,052,613 outstanding shares of which approximately 82% 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 mineralizat ion with a
significant upside potential.
Since 2003, Laurion has: completed multiple exploration surveys on the property, including
prospecting, mapping, geochemical (grab, channel and soil sampling), ground and airborne
geophysical (Mag, IP, VLF-EM), 3D modelling, airborne (LiDAR) and drilling surveys; invited experts
in geophysics and in economic and structural geology t o visit and review the property; and
undertaken a PhD thesis and research led by Laurentian University and Metal Earth. To date, 419
drill ho les for a total of 78,663 m have been drilled on the property, including 43,396 m
completed by Laurion from 2010 to 2014 and from 2020 to 2022 and 35,267 m historic drill holes.
Most of the drill holes are closely -spaced and concentrated within the A -Zone and McLeod
zone, except for some largely-spaced drill holes located along the Ishkoday mineralized trend.
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
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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.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS
DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.