Laurion Updates Exploration Program at Ishkoday
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LAURION UPDATES EXPLORATION PROGRAM AT ISHKODAY
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 (July 17, 2019) - Laurion Mineral Exploration Inc. (TSX.V: LME) and (OTCPINK:
LMEFF) (“LAURION” or the “Corporation”) is pleased to provide an update on the 2019
exploration program (the “ Stage 2 Campaign ) at the Corporation’s wholly-owned Ishkoday
Project (“Ishkoday”) located 220 km northeast of Thunder Bay, Ontario. The Stage 2 Campaign
forms part of the 2018-2019 exploration initiated in May 2018 as a three-staged 18-month
program with the strategic objective of outlining the bulk precious and base metals upside
potential at Ishkoday (the “Model”).
As previously reported on June 14, 2019, and as shown on Location Map 1 (see the following
link: http://www.laurion.org/ishkoday-project/highlights/2019-field-exploration-program/),
LAURION initiated mechanized outcrop stripping, power washing, channel sampling and
geological mapping of the Marge-“F”-“M” Quartz Veins (TR18-3), the Sturgeon Nos. 1-2-3 Quartz
Veins (TR19-1), and the CRK Sulphide and A-2 Quartz Veins ( TR19-2) sectors of the 3km by 1km
Target Area (the “ Target Area”) of the southern claims block. Additional field mapping is also
being done within the 2018 stripped areas TR18-1 (85-A2 Quartz Veins system) and TR18-2
(Bootleg Quartz Vein system).
Work completed as of this news release includes:
1. stripping and channel sampling work at TR18-3 has been completed and assay results
are pending;
2. outcrop stripping has also been completed at TR19-1 with channel sampling progressing
as planned;
3. outcrop stripping has also been completed at TR19-2, with channel sampling slated for
July and August;
4. outcrop stripping at the Marge Gold-Quartz Vein has been initiated;
5. additional field mapping of 2018 stripped areas TR18-1 and 2 is to be completed by mid-
July; and
6. in excess than 2,200m 2 of stripped outcrop from TR18-3 has been rehabilitated. Stripped
outcrop rehabilitation will continue this year for TR18-1 and TR18-2.
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Cynthia Le Sueur-Aquin, President & CEO commented: “We are very pleased with progress thus
far. The newly stripped areas indicate that the wallrock adjacent the major veins contain
extensive zones of fine quartz vein stockworks and breccia zones that are cut by later shear
zones with polymetallic sulphides. The majority of the historical work focussed only on evaluating
the major veins while our current program will sample across the full potential mineralized zones
to assess the bulk resource potential.”
The Stage 2 Campaign also continues on other key fronts with:
Core re-logging of key previous LAURION drill holes from across Ishkoday to re-evaluate
the rock units, structures, alteration and mineralization, and complete additional core
sampling to ensure continuous assaying of the entire drill core for the evaluation of the
bulk gold potential;
Mira Geoscience of Montreal, Quebec, in their 3D-GIS technology and advanced
geological modelling at the regional 1:250,000 and 1:50,000 map scales (“Mira”);
The Nordmin Group of Companies of Thunder Bay, Ontario, in their geological analysis
and eventual mineral resources modelling at the local 1:50,000 and 1:15,000 map scales
(“Nordmin”); and finally
an airborne magnetic survey will be completed to further refine Rock Units, structures and
sulphide-magnetite veins in 3D and help in the definition of litho-structural domains.
Further Geological Observations from the Outcrop Stripping Work
TR18-3
Partially stripped in 2018, the northeast trending M24 Quartz Vein (the “ M24”) portion of TR18-3
was fully exposed ay surface by recent stripping and washing, and channel sampled with more
than 200 samples taken. The M24 measures more than 100m in length and is more than 3m wide,
tapering off at the extremities to under 30cm, but remains open at both ends before
disappearing under the overburden. Additional secondary centimeter wide parallel and
perpendicular quartz veining occur on both sides of the M24 for several meters in a sheared
(near the M24) to massive, pyrite-bearing porphyry host at the southwestern end of the Sturgeon
River Porphyry (the “Porphyry”).
The Sturgeon River Pluton already hosts the northeast trending Marge, “X” and “F” gold bearing
quartz veins (the “ Marge”). The central 314m long by 36cm wide Marge Gold-Quartz Vein
yielded 17.62 g/t gold; whereas a 21m long by 25cm wide segment of the “F” graded 30.72 g/t
gold (L. Koskitalo, Phoenix Gold Mines Ltd., 1988 ). The M24 is located on trend to the Marge,
some 625m to the southwest.
Gold assay results for the M24 are pending.
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TR19-1
Stripped area TR19-1 covers the entire surface exposure of the north-northeast trending No. 3
Quartz Vein (the “ 3 Vein ”) that was the main host of the gold mineralization at the historic
Sturgeon River Mine (the “ Mine”) yielding 73,438oz of gold and 15,922 ounces of silver (L.
Koskitalo, Phoenix Gold Mines, 1984).
What appears as a single 3 Vein (L. Koskitalo, Phoenix Gold Mines, 1988) is in fact a package of
multiple, interconnected and anastomosing quartz veins oriented in two main directions of
north-south and northeast-southwest, with vein distribution and density linked to corridors in the
Porphyry. The 3 Vein is also accompanied by ce ntimeter and millimeter wide sub-vertical and
flats veins, veinlets and stringers forming stockworks (the “ Stockworks”), tens to hundreds of
meters in lengths and widths. Geology maps from the drifts and crosscuts of the Mine (past
production from 1935 to1942) indicate a similar pattern of veining to more than 700 m below
surface, also validated by the presence of significant quartz veinlets in Porphyry “waste rock”
from the Mine’s stockpile. Selective grab sample s taken from the Mine’s Stockpile either show
individual, sub-millimeters or aggregates of millimeter-sized gold grains.
In addition, the stripping also uncovered the hist oric Nos. 1 and 2 Quartz Veins, located some
50m and 100m, respectively, west of the 3 Vein. Both veins trend more north-easterly than the 3
Vein. All three veins are termed shear veins with meter-wide highly schistose wall rocks
containing quartz veinlets and stringers, and disseminated pyrite.
Ongoing channel sampling of TR19-1 is not only focused on determining grades of the larger
centimeter to meter wide quartz veins, but also the veins-veinlets-stringers in the host Porphyry.
LAURION has also re-examined previous NQ drill core from its drilling in 2010 at the Mine: drill
holes LME-2010-008 (5511139N/443903E, 105°/-65°, 911m), 008Wedge (5511139N/443903E, 105°/-
65°, 900m), 009 (5511140N/443899E, 085°/-60°, 799m), 009Wedge (5511139N/443903E, 084°/-56°,
761m) and 010 (5511240N/443903E, 090°/-60°, 822m), all drilled across several hundred meters of
the Mine Rock Units and the 3 Vein and the No. 1 and 2 Quartz Veins. The re-examination has
helped confirm rock types based on a new simplified rock unit nomenclature, structures (shear
zones) and mineralization types (shear and extension quartz-carbonate veins, veinlets and
stockworks).
Drill core sampling intervals were only limite d to obvious mineralized intervals containing
individual and combined sulphide bearing quartz veins and either foliated, schistose and/or
altered intervals, with an average sampling rate of 35% in a range of 28% (LME-2010-009) to 44%
(LME-2010-010). Assuming a bulk gold model, 100% of the core should be analyzed, owing to
the fact that some of the gold may be found outside the larger quartz veins, as it continues to
be observed in selected grab samples from the Mine’s Stockpile.
TR19-2
Stripping of the CRK sulphide gold-silver-zinc-copper veins sector (the “ CRK”) suggests a more
extensive mineralization system than previously observed, combining several similar historic and
previous showings, such as the “A” Zone located more than 1.4 km to the northeast, and the
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Tehya, Joe, Ahki, “D” and McLeod sulphide veins located 250m to 800m to the north, southwest
and northeast.
The CRK likely extends for more than 2km by 400m containing massive, semi-massive and
disseminated sulphide veins composed mostly sphalerite (zinc sulphide) and minor chalcopyrite
(copper sulphide) and galena (lead sulphide), with gold-silver. Early very fine-grained, greyish,
centimeter to metric siliceous veins can also be found criss-crossing the rhyo-dacite/dacite host,
giving the rock a brecciated appearance. Also present are late intermediate to mafic
porphyritic dykes, in addition to a mix of chlorite-actinolite-magnetite “shear veins”, sulphide
bearing fractures, semi-massive centimeter to meter long sphalerite-rich sulphide corridors, and
typical Ishkoday through going white quartz veins, such has the A-2 Quartz Vein (the “A-2”).
Locally, the A-2 splits in several veins forming anastomosing patterns.
Channel sampling is planned for this month.
Confirming the extensions of known and new gold bearing quartz and polymetallic sulphide
veins will ultimately help in completing the construction of the 2-D and 3-D geological-
mineralization model (the “ Model”). The Model will be provide LAURION with a solid technical
base to initiate diamond drilling to prove the upside potential as part of the Stage 3 program to
start later in 2019-2020. LAURION’s work continues confirming the extensive quartz and sulphide
veining across the Target Area. The field port ion of the Stage 2 Campaign is slated for
completion at the end of Q3-2019.
Qualified Person
Mr. Jean Lafleur, P. Geo. (APGO, OGQ), LAURION’s Technical Advisor to the Board of Directors,
is a Qualified Person as defined by National Instrument 43-101 guidelines, and has reviewed and
approved the content of this news release. Assay samples from this program are being
prepared by ALS Global Geochemistry in Thunder Bay, Ontario, and analyzed by ALS Global
Analytical Lab in North Vancouver, BC, using Fire Assay and Metallic Screening techniques.
LAURION employs an industry standard system of external standards, blanks and duplicates for
all its sampling in addition to the QA/QC protocol employed by the laboratory.
About Laurion
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
153,850,084 outstanding shares of which 62% are owned and controlled by Insiders who are
eligible investors under the “Friends and Family” categories.
LAURION’s emphasis is on the development of it s flagship project, the 100% owned mid-stage
44 km 2 Ishkoday Project, and its gold-silver and go ld-rich polymetallic mineralization with a
significant upside potential. The Ishkoday Proj ect has a project-wide database (2008 to 2018)
that includes 283 diamond drill holes totaling 40,729m, geological mapping, ground geophysics,
and 14,992 individual samples with assays and geochemical analysis. The mineralization on the
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, as evidenced in the past producing Sturgeon River
Mine.
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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
Caution Regarding Forward-Looking Information
This news release contains forw ard-looking statements, which re flect the Corporation’s current
expectations regarding future even ts, including with respect to Laurion's business, operations and
condition, 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 invo lve risks and uncertainties. Actu al 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, 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 othe r risks of the mining industry, delays in obtaining
governmental approvals or financing or in the comp letion of exploration, as well as those factors
disclosed in the Corporation’s publicly filed docu ments. Investors should consult the Corporation’s
ongoing quarterly and annu al filings, as well as any other addi tional documentation comprising the
Corporation’s public disclosure reco rd, 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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