Laurion’s Channel Sampling on the A-Zone Identifies High Grade Polymetallic Mineralization
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Laurion’s Channel Sampling on the A-Zone Identifies High Grade
Polymetallic Mineralization
TORONTO, ONTARIO – August 24, 2021) – Laurion Mineral Exploration Inc. (TSX.V: LME and
OTCPINK: LMEFF) (“LAURION” or the “Corporation”) is pleased to announce the results of
the 2021 channel sampling program on A-Zone and the McLeod areas on the Ishkoday
Property, located 220 km northeast of Thunder Bay.
Highlights:
‐ Stripping of the northeast portion of th e A-Zone, exposed surface mineralization
that correlates with a high-grade historic diamond drill hole intercept. Stripping on
the A-Zone revealed a series of sub-parallel horizons with folded semi-massive
lenses, hosting up to 45% sulphides (See Figure 4).
‐ A newly discovered polymetallic vein, the Pond, was located southeast and sub-
parallel to the McLeod quartz vein. This new mineralized area hosts gold, silver,
copper, lead and zinc over a strike length of 130m and a width up to 2.7m ( See
Figure 5 and 6).
‐ The current assay results, combined with new geological understanding, confirms
the presence of early volcanogenic mineralization (A-Zone type) that is, in turn,
overprinted by a later orogenic veining event. Both event host Au mineralization
and are polymetallic in nature, due to the remobilization of the primary sulphides.
A-Zone Summary:
As part of the 2021 summer exploration progra m on Ishkoday, the northeast extension of
the A-Zone was stripped, revealing semi massive sulphide lenses. A total of five (5)
subparallel mineralized horizons were discovered, all striking to the northeast. These
horizons are converging toward what have been interpreted as a fold hinge, with a
reconcentration of lens-shaped sulphide. Thes e sulphide lenses consist of brecciated
quartz within a sulphide matrix comprised of pyrite, chalcopyrite, sphalerite, and galena
(see Figure 1 ) and are believed to be part of the volcanogenic mineralization at the
Ishkoday Property. A total of 82 channels were sampled across the newly discovered A-
Zone extension and 255 samples were taken on all the trenches ( see key assays result in
Table 1).
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Table 1: Selected key results from channel sampling on the A-Zone.
Channel Line From To Length Au g/t Ag g/t Cu % Pb % Zn %
AZ-L13 0.00 4.84 4.84 2.70 41.98 0.31 0.90 6.81
including 0.72 2.27 1.55 4.88 87.34 0.66 1.51 11.69
AZ-L14 7.93 10.32 2.39 1.82 18.59 0.30 0.14 2.01
AZ-L11 0.00 2.38 2.38 1.03 12.84 0.15 0.03 1.82
AZ-L30 0.53 3.77 3.24 1.21 1.83 0.01 0.01 0.69
AZ-L10 0.00 1.35 1.35 0.67 38.31 0.19 0.03 4.36
McLeod Zone Summary:
The main focus of the stripping at McLeod was to expose vein hosted mineralization since
historical stripping on the McLeod had revealed a metre-wide quartz vein over 130m in
length. Laurion’s stripping effort revealed a series of sub-parallel quartz-sulphide veins,
striking to the southwest with a steep dip to the northwest. These orientations are
comparable to the ones observed at the A-Zone. Sampling focus was put on the 2 main
veins: 1) the McLeod quartz vein and 2) the newly discovered polymetallic vein dubbed
the Pond (see Figure 2).
The McLeod quartz vein contains low pyrite (< 2%), with sericite and chlorite alteration. A
section of the vein is cut by a regional shear zone and presents a brecciated texture with
strong epidote and chlorite alteration. The sheared McLeod quartz vein was power
washed for approximately 7 m and four samples were collected. Highlights of sampling
on the McLeod quartz vein is shown in Table 2.
Table 2: Results from Channel Sampling on the McLeod Quartz Vein.
The Pond is a polymetallic vein composed of brecciated quartz in a sulphide-chlorite
matrix and is 0.30m to 1.3m wide. Mineralization of the wall-rock has also been identified
at the vein selvedges. The mineralization contains up to 75% sulphides comprised mainly
of pyrite, sphalerite and specks of chalcopyrite and galena ( see Figure 3 ). The Pond
mineralization appears to have a strike length of 750 m and is interpreted to represent the
continuity of in the “V” Veins exposed in a cross-trench of the CRK Zone located further
west of the McLeod Zone. Mineralization at the Pond zone is similar to what has been
observed on the A-Zone, which comprises a succession of sub-parallel sulphide rich lenses
composed of a quartz breccia with a sulphide-rich matrix (see key results in Table 3).
Sample # Length Au g/t Ag g/t
2060 0.45 23.60 19.50
2061 0.68 0.96 5.80
2062 0.89 28.90 16.90
2063 0.40 0.88 3.20
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The LiDAR survey interpretation revealed historical trenches along the whole of the
McLeod zone strike length, which were re-exposed and sampled. These results are
pending. Furthermore, the LiDAR information and historic drill hole on the A-Zone and the
McLeod, leads Laurion to believe that the sulphide-rich mineralization could extend up to
1,600m in strike length. In-fill diamond drilling between the A-Zone and the McLeod zone
is currently in progress.
Table 3: Results from the Polymetallic Pond Zone Located on McLeod.
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, PGeo, 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 OTCP INK under the symbol LMEFF. LAURION now
has 233,473,342 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, hosts the historic Brenbar Mine.
LAURION believes the mineralization to be a direct extension of mineralization from the
Ishkoday Property.
Channel Line From To Length Au g/t Ag g/t Cu % Pb % Zn %
TP-L12 0.00 0.37 0.37 12.80 142.00 0.44 0.19 2.82
TP-L04 0.00 1.42 1.42 9.66 40.25 0.05 0.32 0.27
With 0.00 0.47 0.47 16.30 55.10 0.06 0.15 0.27
TP-L03 0.00 1.96 1.96 4.45 25.64 0.08 0.27 0.35
TP-L06 0.00 1.72 1.72 2.56 35.79 0.08 0.68 1.93
With 0.00 0.46 0.46 7.93 116.00 0.25 2.49 6.46
TP-L14 0.00 1.75 1.75 1.98 51.77 0.12 0.15 2.87
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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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