(via TheNewswire)
Drill holes LME24-044 and LME24-045 were strategically sited 204 metres and 157 metres northeast of the Sturgeon River Mine Shaft. These drill holes are part of a phase of drilling focused on examining the
Drill hole LME24-045 was a short hole (252 m) and was designed specifically to investigate the mineralization historically mined by targeting the No. 3 vein. The drill hole identified the known structures east of the Sturgeon Mine. However, due to ground conditions, this hole was stopped short of the No.3 vein. Drill hole LME24-044 aimed at the depth extension of the No.3 vein in the historic working. The drilling was successful in intercepting all mineralized structures east of the No.3 vein (see highlights below), together with the No. 3 vein showing 0.50 g/t over 8.95m along core; including0.5 m @ 2.48 g/t Au from 342.90 m to 343.40 m and 0.50 m @3.55 g/t Au from 346.05 m to 346.55 m.
The selection of collar placements and orientations was meticulously conducted to ensure adequate spacing from intercepts identified in neighboring drill holes, notably LME23-033 and LME23-034 to the south, as well as LME23-035 and LME23-036 to the north. The 2024 exploration program and its strategic approach was undertaken to thoroughly assess the mineralized structures at varying depths and inclinations, thereby garnering a comprehensive understanding of the structural dynamics in playat the Ishkõday Project.
Highlights of drill holesLME24-044 and LME24-045are as follows:
LME24-044
1.90 m @ 0.77 g/t Au from 9.10 m to 11.00 m; including 0.50 m @ 1.26 g/t Au from 9.90 m to 10.40 m;
8.40 m @ 2.23 g/t Au from 86.90 m to 95.30 m; including 1.00 m @ 15.37 g/t Aufrom 86.90 m to 87.90 m;
3.00 m @ 0.28 g/t Au from 152.00 m to 155.00 m; including 0.50 m @ 0.69 g/t Au from 152.80 m to 153.30 m;
0.60 m @ 0.81 g/t Au 314.90 m to 315.50 m;
1.05 m @ 2.47 g/t Au from 319.00 m to 320.05 m; including 0.50 m @ 4.21 g/t Au from 319.55 m to 320.05 m;
8.95 m @ 0.50 g/t Au from 337.60 m to 346.55 m; including 0.5 m @ 2.48 g/t Au from 342.90 m to 343.40 m and 0.50 m @3.55 g/t Au from 346.05 m to 346.55 m; and
0.70 m @30.00 g/t Aufrom 423.00 m to 423.70 m.
LME24-045
1.00 m @ 1.28 g/t Au from 51.00 m to 52.00 m;
1.00 m @ 0.32 g/t Au from 132.00 m to 133.00 m; and
0.50 m @0.39 g/t Aufrom 184.85 m to 185.35 m.
Building upon the successes of the 2023 drill program, particularly within the
These notable findings not only validate the geological model but also offer valuable insights into expansion opportunities both north and south of the
This initial drilling phase, executed with precision and efficiency, underscores LAURION's commitment to advancing its exploration objectives while maintaining the highest standards of operational excellence and environmental stewardship.
Assay Results: Highlights of the Northeastern Sturgeon River Mine Drill Holes LME24-044 and LME24-045
Hole ID | From (m) | To (m) | True Core Length (m) | Au (g/t) |
LME24-044 | 9.10 | 11.00 | 1.90 | 0.772 |
LME24-044 | 9.90 | 10.40 | 0.50 | 1.255 |
LME24-044 | 86.90 | 95.30 | 8.40 | 2.226 |
including | 86.90 | 87.90 | 1.00 | 15.365 |
including | 92.15 | 92.65 | 0.50 | 5.020 |
LME24-044 | 152.00 | 155.00 | 3.00 | 0.284 |
including | 152.80 | 153.30 | 0.50 | 0.694 |
LME24-044 | 184.00 | 185.00 | 1.00 | 0.393 |
LME24-044 | 188.30 | 188.90 | 0.60 | 0.386 |
LME24-044 | 215.50 | 218.55 | 3.05 | 0.439 |
including | 216.20 | 216.70 | 0.50 | 1.335 |
LME24-044 | 314.90 | 315.50 | 0.60 | 0.812 |
LME24-044 | 319.00 | 320.05 | 1.05 | 2.470 |
LME24-044 | 319.55 | 320.05 | 0.50 | 4.210 |
LME24-044 | 337.60 | 344.00 | 6.40 | 0.410 |
including | 342.90 | 344.00 | 1.10 | 1.623 |
LME24-044 | 346.05 | 346.55 | 0.50 | 3.550 |
LME24-044 | 409.30 | 409.80 | 0.50 | 0.398 |
LME24-044 | 417.30 | 417.80 | 0.50 | 0.684 |
LME24-044 | 423.00 | 423.70 | 0.70 | 30.300 |
LME24-045 | 51.00 | 52.00 | 1.00 | 1.275 |
LME24-045 | 88.20 | 94.00 | 5.80 | 0.292 |
including | 88.20 | 88.85 | 0.65 | 0.908 |
LME24-045 | 115.25 | 117.70 | 2.45 | 0.252 |
including | 115.25 | 116.00 | 0.75 | 0.612 |
LME24-045 | 132.00 | 133.00 | 1.00 | 0.321 |
LME24-045 | 144.00 | 145.00 | 1.00 | 0.407 |
LME24-045 | 155.80 | 156.30 | 0.50 | 0.982 |
LME24-045 | 173.00 | 174.00 | 1.00 | 0.358 |
LME24-045 | 184.85 | 185.35 | 0.50 | 0.394 |
Coordinates for Drill HolesLME24-044 and LME24-045
Hole ID | Azimuth | Dip | Planned (m) | Actual (m) |
LME24-044 | 280 | -70 | 300 | 432 |
LME24-045 | 280 | -60 | 250 | 252 |
Sampling and QA/QC Protocols
All drill core is transported and stored inside the core facility locatedat the Ishkõday Projectin Greenstone,
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
The remaining half of the core, as well as the unsampled core, were stacked on a skid outside in
Qualified Person
The technical contents of this release were reviewed and approved by
About LAURION
The Corporation is a junior mineral exploration and development company listed on the
LAURION's emphasis is on the exploration and development of its flagship project, the 100% owned mid-stage 57.43 km2 IshkõdayProject, and its gold-rich polymetallic mineralization.
FOR FURTHER INFORMATION, CONTACT:
Tel: 1-705-788-9186
Fax: 1-705-805-9256
Email: info@laurion.ca
Website:http://www.LAURION .ca
Follow us on Twitter:@LAURION_LMEand Instagramlaurionmineral
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 intentions, the Corporation’s ability to advance the Ishkõday Project, the nature, focus, timing and potential results of the Corporation’s current diamond drilling program and future exploration efforts, including its planned activities for the Ishkõday Project in 2024. The forward-looking statements involve risks and uncertainties. Actual eventsand 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 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, the Corporation disclaims any obligation to update these forward-looking statements.
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