Laurion to Focus 2020 Exploration Program ON Bulk GOLD Potential of 3 Major Mineralized Trends
LAURION TO FOCUS 2020 EXPLORATION PROGRAM ON BULK
GOLD POTENTIAL OF 3 MAJOR MINERALIZED TRENDS
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 (December 20, 2019) - Laurion Mineral Exploration Inc. (TSX-V: LME;
OTCPINK: LMEFF) (“LAURION” or the “Corporation”) is pleased to outline plans for the 2020
Exploration Program at the Corporation’s wholly-owned Ishkoday Project (“Ishkoday”), located
220 km northeast of Thunder Bay, Ontario (Figure 1).
Cynthia Le Sueur -Aquin, President and CEO of the Corporation stated “ Our 2019 exploration
work identified three major gold-mineralized trends, Sturgeon River Mine, M25/Marge and Loki,
which extends along strike for 2+km, 1.8+km and 3+km, respectively as shown in Figure 2. The
2018 and 2019 channel and selected grab sampling campaigns returned a substantial number
of significant gold and gold-silver-zinc assay results which not only validated historical sampling
but also greatly expanded the target strike lengths. Thes e results indicate that the gold -
mineralizing event, or events are very widespread. The historic Sturgeon River Mine data further
suggests that mineralization may be more extensive at depth. We now have three prime target
areas to follow-up with further detailed geophysical surveys to define targets for drilling in 2020.
Further surface work including channel sampling will also be carried out to expand our
evaluation of these important trends.
The three major mineralized trends occur in the 5km by 1km overall Target Area and are
characterized by two separate multi-episodic mineralizing events1:
1. An early, likely syn-volcanic, hydrothermal system, termed the Ishkoday-style Mineralization,
which resulted in discordant, zoned, stockwork -style veins consist ing of magnetite (iron
oxide), actinolite (calcium aluminium silicate hydroxide), monazite (rare earths rich
phosphate), quartz, sphalerite (zinc sulphide), gold and silver (the “ Oxide-Sulphide Veins”).
In addition, there are multiple sphalerite-rich centimeter to meter wide veins, also containing
pyrite (iron sulphide), chalcopyrite (copper sulphide), galena (lead sulphide), gold and silver
(the “Sulphide Veins–) - both centered on the “A” and CRK Zones of the 3+km by 800m “Loki
Trend Corridor”; and
2. A la ter, gold -dominant event is linked primarily to later syn - to early -tectonic gold -silver
bearing quartz veins, termed the Sturgeon River -style Mineralization (the “Quartz Veins ”),
occasionally with a distinct chlorite alteration halo that locally includes iron carbonate and
pyrite - the 2+km by 300m “ Sturgeon River Mine Corridor ” and 1.8km by 350m “ Marge
Corridor”
In the Sturgeon River Mine Corridor, compilation and synthesis of the historic Sturgeon River Mine
underground data, and the mapping/sampling of the No. 3 Quartz Vein and adjacent veins
suggest that the 1937 to 1942 mining not only covered the 010 ⁰ No. 3 Quartz Vein, but also 5
other quartz veins, most of which trend ±045⁰. LAURION drilling in 2010 (LME-10-008, 009 and 010)
intersected several additional veins north of the underground workings.
Based upon mine records, LAURION believes that higher-grade gold-bearing shoots exist at the
Sturgeon Gold Mine, and that the compilation now underway should help determine other
potential target shoots for future drilling.
The most significant gold grade from selected interval in-vein channel sampling included:
• 92.58 g/t gold over 12.98m strike length from continuous in -vein sampling channel
sampling on the No. 3 Quartz Vein South ( refer to the Corporation’s news release dated
August 20, 2019).
The most significant historical and recent gold -silver grades from the M25/Marge Corridor (“F”,
“X” and M21 to M25 Quartz Veins) included:
• 314m grading 17.62 g/t gold over an average 36cm true width at the Marge Quartz Vein
(Koskitalo, 1988); and
• 58.10 g/t gold and 140 g/t silver from selected grab samples of the M25 Quartz Vein (refer
to the Corporation’s news release dated December 3, 2019).
The Loki Trend Corridor is characterized by Oxide-Sulphide Veins which consist of ±045° trending
shears, that post-date the earlier 320°-030° trending Sulphide Veins except where the latter have
been structurally transposed parallel to the former. The full system extends for a minimum 3+km
length over an 800m average width, covering more than half the Target Area.
Typical metal grades and true widths from selected interval channel sampling in 2019 of Oxide-
Sulphide Veins and Sulphide Veins included:
• 3.25m yielding 1.44 g/t gold, 6.37 g/t silver, 2.42% zinc, 0.08% copper (CRK NE) ( refer to
the Corporation’s news release dated October 25, 2019);
• 1.06m grading 0.18 g/t gold, 45.69 g/t silver, 25.00% zinc, 0.03% copper, 6.21% lead (CRK
SE, SJ Showing Sulphide Vein) (refer to the Corporation’s news release dated October 18,
2019); and
• 0.69m yielding 5.59 g/t gold, 46.80 g/t silver, 5.09% zinc, 0.34% copper (CRK West Sulphide
Vein, Trench #37) (refer to the Corporation’s news release dated September 12, 2019).
The priority target in the Loki T rend Corridor, is the 2.8km by 2 to 20m wide “A” Zone. In 2012,
LAURION selectively grab sampled surface outcrops of Sulphide Veins at the “A” Zone yielding:
• 0.70 g/t gold, 28.40 g/t silver, 27.50% zinc and 0.12% copper, and 4.58 g/t gold, 13.60 g/t
silver and 18.90% zinc (refer to the Corporation’s news release dated July 18, 2012).
Previous diamond drilling by LAURION intersected:
• 4.04m core length (or true widths between 2.00 to 3.60m) grading 5.26 g/t gold, 40.10 g/t
silver, 8.38% zinc and 0.29% copper at a vertical depth of approximately 40m (LBX12-010)
(refer to the Corporation’s news release dated October 18, 2012).
1 Contributions from “Metal Earth – 2019 Geraldton-Onaman Field Trip Guide: The Geraldton -Onaman Transect – Volcanology,
Metamorphism, Deformation and Mineralization, by Z. Tóth, K. Strongman, A. Haataja, B. Mark, B. Lafrance and H. Gibson, MERC,
Harquail School of Earth Sciences, Laurentian University (Sudbury, Canada)
QA-QC Protocols
All samples for assay from this program were initially processed and prepared by ALS Global
Geochemistry in Thunder Bay (Ontario), with pulps sent to and analyzed by ALS Global
Analytical Lab in North Vancouver (BC), using the Fire Assay and multi-element geochemistry
methods of analysis. LAURION employs an industry standard system of external standards, blanks
and duplicates for all its sampling in addition to the QA/QC protocol used by the laboratory.
Qualified Persons
Mr. Jean Lafleur, P. Geo. (PGO, OGQ). LAURION’s VP Exploration is a Qualified Person as defined
by National Instrument 43 -101 and has reviewed and approved the technical content of this
news release.
About Laurion
The Corporation is a junior mineral ex ploration and development company listed on the TSX -V
under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has
176,710,617 outstanding shares of which approximately 58% is 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 44
km2 Ishkoday Project, and its gold -silver and gold -rich polymetallic mineralization with a
significant upside potential. Ishkoday has a project-wide database (2008 to 2018) that includes
283 diamond drill holes totaling 40,729 m, geological mapping, ground and airborne
geophysics, and 14,992 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
surface, based on the historical mining to a -685 m depth, in the past producing Sturgeon River
Mine.
The 2018-2020 exploration initiated in May 2018 is a three -staged program with the strategic
objective of outlining the precious and base metals upside potential of the 5km by 1km Target
Area of the southern claims block at Ishkoday. The Exploration Team has confirmed the extent
of known and new gold bearing quartz and polymetallic sulphide veins that will ultimately help
in completing the construction of the 2 -D and 3 -D model which will guide future exploration
targeting. This Model will provide LAURION with a solid technical foundation to initiate diamond
drilling to demonstrate the depth potential across the Target Area at Ishkoday as part of the
Stage 3 drill program starting in 2020. The field portion of the Stage 2 Campaign is now
completed.
Refer to tables and maps on LAURION’s website using the following link:
http://www.laurion.org/ishkoday-project/highlights/2019-field-exploration-program/
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
Caution Regarding Forward-Looking Information
This news release contains forward-looking statements, which reflect the Corporation’s current expectations regarding future events,
LAURION's business, operations and future plans for the development of the Corporation and/or the Ishkoday Gold Project, 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 Corporation's common shares, the interpretation and actual results of current exploratio n
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 indu stry, 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 forw ard-looking statements. Subject to applicable law, the Corporation disclaims any obligation
to update these forward-looking statements.
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VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.