LAURION’s Sturgeon River Mine Drilling Continues to Confirm Mineralization with Grade Intercepts as High as 20.19 g/t Au Over 1.30 Metres, Including 52.3 g/t Au Over 0.5 Metres and 25.0 g/t Au Over 0.5 Metres
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LAURION’s Sturgeon River Mine Drilling Continues to Confirm Mineralization with
Grade Intercepts as High as 20.19 g/t Au Over 1.30 Metres, Including 52.3 g/t Au
Over 0.5 Metres and 25.0 g/t Au Over 0.5 Metres
TORONTO, ONTARIO - (June 19, 2024) – Laurion Mineral Exploration Inc. (TSX.V: LME and
OTCPINK: LMEFF) (“LAURION” or the “Corporation”) is pleased to provide an update on its
2024 exploration and drilling efforts at the Ishkõday Project, situated 220 km northeast of
Thunder Bay, Ontario.
Exciting progress marks LAURION's completion of its Spring 2024 diamond drill program on the
Sturgeon River Mine, encompassing 4,289 metres of drilling activity. The results from the initial
five drill holes (LME24-041 to LME24-045) have been processed and reported, as detailed in
the Corporation's press releases dated May 1, 2024 and May 23, 2024.
Stated Cynthia Le Sueur –Aquin, President and CEO of LAURION : “We are encouraged by
what we perceive to be promising results from our Spring 2024 drill program on the Sturgeon
River Mine area. The initial five drill holes have provided significant insights into the
mineralization of this historic site. Highlights of the latest drill holes, LME24 -046 to LME24-048,
underscore the potential of the area.”
LME24-046 has returned noteworthy intersections, including:
• 2.60 metres at 0.87 g/t Au from 637.00 to 640.60 metres, with a higher -grade interval
of 0.60 metres at 3.21 g/t Au.
• 10.25 metres at 0.49 g/t Au from 721.75 to 732.0 metres, including 6.65 metres at 0. 70
g/t Au, and 4.10 metres at 0.98 g/t Au.
• Additional intervals of 0.55 metres at 1.68 g/t Au and 0.60 metres at 1.34 g/t Au.
LME24-047 has demonstrated encouraging gold grades with intersections such as:
• 0.50 metres at 5.84 g/t Au from 124.70 to 125.20 metres.
• 1.30 metres at 11.61 g/t Au from 505.30 to 506.50 metres, including 0.50 metres at 52.30
g/t Au.
• Further notable intersections include 0.50 metres at 25.9 0 g/t Au and 2.00 metres at
2.73 g/t Au.
LME24-048 has also yielded the following encouraging results:
• 1.50 metres at 1.17 g/t Au from 365.50 to 367.00 metres.
• Additional intervals of 0.55 metres at 1.70 g/t Au and 1.50 metres at 1.17 g/t Au.
During this phase of the Spring 2024 drill program, LAURION strategically positioned drill holes
LME24-046, LME24-047, and LME24- 048 to enhance understanding of the stratigraphic
boundaries surrounding the historic Sturgeon River Mine. LME24-046 to 48 effectively probed
the stratigraphy to the east and west, covering an extensive area spanning approximately
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385 metres. The objective of drill hole LME24-046 was specifically oriented to target the
underground working s of the mine. This meticulous approach reflects LAURION's
commitment to adopting comprehensive exploration practices, aimed at maximizing
insights into potential mineralization.
These results not only validate our exploration strategy but also reinforce our confidence in
the significant mineral potential of the Sturgeon River Mine area. As we continue to analyze
and interpret the data, we remain dedicated to advancing our understanding of this
promising project and creating long-term value for our stakeholders.
Assay Results: Highlights of the Northeastern Sturgeon River Mine Drill Holes LME24 -046,
LME24-047 and LME24-048
Hole ID From
(m)
To (m) Core Length
(m)
Au (g/t)
LME24-046 45.20 46.20 1.00 0.73
LME24-046 116.00 116.60 0.60 1.34
LME24-046 156.05 156.55 0.50 0.57
LME24-046 197.80 198.75 0.95 1.09
LME24-046 254.25 257.40 3.15 0.40
including 254.25 255.40 1.15 0.95
including 254.25 254.80 0.55 1.68
LME24-046 425.90 426.40 0.50 0.92
LME24-046 602.40 603.20 0.80 0.53
LME24-046 638.00 640.60 2.60 0.87
including 639.50 640.10 0.60 3.21
LME24-046 721.75 732.00 10.25 0.49
including 721.75 728.40 6.65 0.70
including 721.75 725.85 4.10 0.98
LME24-046 745.55 746.05 0.50 0.75
LME24-047 4.35 5.00 0.65 0.61
LME24-047 26.10 27.00 0.90 0.81
LME24-047 84.30 85.15 0.85 1.09
LME24-047 124.70 125.20 0.50 5.84
LME24-047 211.65 212.15 0.50 2.00
LME24-047 296.40 297.00 0.60 0.60
LME24-047 403.00 403.50 0.50 0.85
LME24-047 463.00 463.75 0.75 0.54
LME24-047 505.20 506.50 1.30 20.19
including 505.20 505.70 0.50 52.30
LME24-047 519.50 520.00 0.50 25.90
LME24-047 560.00 560.70 0.70 1.05
LME24-047 617.50 627.55 10.05 0.46
including 617.50 618.85 1.35 1.10
including 624.00 625.70 1.70 1.32
LME24-047 663.90 665.55 1.65 0.62
including 663.90 664.55 0.65 1.25
LME24-047 724.45 725.05 0.60 1.73
LME24-047 764.00 766.00 2.00 2.73
LME24-047 764.00 764.55 0.55 8.88
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Hole ID From
(m)
To (m) Core Length
(m)
Au (g/t)
LME24-047 765.50 766.00 0.50 1.12
LME24-048 7.40 7.90 0.50 0.63
LME24-048 41.30 42.40 1.10 0.57
including 41.90 42.40 0.50 1.08
LME24-048 112.80 113.35 0.55 1.70
LME24-048 306.00 306.65 0.65 0.71
LME24-048 339.40 340.15 0.75 0.46
LME24-048 365.50 367.00 1.50 1.17
A comprehensive prospecting program is in progress for the zones west of the Sturgeon River
Mine shaft and the Brenbar Mine area s. The objective is to expand and identify new
prospective areas in close proximity to the Sturgeon River Mine Shaft, enhancing the
potential for future exploration and drilling.
Sampling and QA/QC Protocols
All core was transported and stored inside the core facility located in Beardmore.
LAURION employs an industry standard system of external standards, blanks and duplicates
for all of its sampling, in addition to the QA/QC protocol employed by the laboratory.
After logging, core samples were identified and then cut in half along core axis in the same
building, and then zip tied individually in plastic sample bags with a bar code. Approximately
five or six of these individual bags were then stacked into a “rice” white material bag and
stored on a skid for final shipment to the laboratory.
All core samples were shipped to the ALS facility in Thunder Bay, which were then prepared
by ALS Global Geochemistry in Thunder Bay and analyzed by ALS Global Analytical Lab in
North Vancouver, British Columbia. 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 assay
result pulps were 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.
The remaining half of the core, as well as the unsampled core, were stacked on a skid outside
in Beardmore and then transferred to the Sturgeon River Mine site core farm for final storage.
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
The Corporation is a junior mineral exploration and development company listed on the TSX
Venture Exchange under the symbol LME and on the OTC under the symbol LMEFF. LAURION
now has 267, 271,735 outstanding shares of which approximately 72% are owned and
controlled by Insiders who are eligible investors under the “Friends and Family” categories.
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LAURION's emphasis is on the exploration and development of its flagship project, the 100%
owned mid-stage 57.43 km2 Ishkõday Project, and its gold-rich polymetallic mineralization.
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
Douglas Vass - Investor Relations Consultant
Email: [email protected]
Website: http://www.LAURION .ca
Follow us on X: @LAURION_LME and Instagram laurionmineral
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 LAURIO N's business, operations and
condition, management's objectives, strategies, beliefs and intentions, the Corporation’s ability to
advance the Ishkõday Project, the nature, focus, timing and potential results of the Corporation’s
exploration, drilling and prospecting activities in 2024 and beyond, including its planned activities for
the Ishkõday Project for the remainder of 2024. 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 common shares of LAURION, the interpretation and
actual results of current exploration activities, changes in project parametres 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 part ies 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, the 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.