(via TheNewswire)
The aforementioned drill holes were strategically sited 458 metres northeast of the Sturgeon River Mine Shaft, and constituted the inaugural phase of drilling aimed at investigating the
The three drill holes were successful in confirming the presence of the seven known mineralized structures, extending northeast of the historical
Highlights from these drill holes are as follows:
LME24-041
0.75 m @2.74 g/t Au from 63.00 m to 63.75 m; and,
2.95 m @0.70 g/t Au from 295.85 m to 298.80 m.
LME24-042
5.30 m @0.71 g/t Au from 395.85 m to 401.15 m, including 1.50 m @2.07 g/t Au 398.30 m to 399.80 m;
0.50 m @7.99 g/t Aufrom480.55 m to 481.05 m;
1.00m @1.39 g/t Au from 498.90 m to 499.90 m;
1.20m @2.16 g/t Au from 510.50 m to 511.70 m;
4.35 m @1.43 g/t Au from 529.20m to 533.55m; including 0.65 m @7.8 g/t Au from 529.20 m to 529.85 m;
2.45 m @2.03 g/t Au from 660.75 m to 663.20 m: including 0.85 m @5.66 g/t Au from 660.75 m to 661.60 mand
4.00m @ 0.42 g/t Au from 745.5 m to 749.50 m: including 0.50 m @2.96 g/t Au from 749.00 m to 749.50 m.
LME24-043
7.00 m @ 2.67 g/t Au from162.00 m to 169.00 m; including 2.35 m @ 5.73 g/t Au from 163.30 m to 165.65 m;
0.50 m @4.23 g/t Au from 258.90 m to 259.40 m;
0.60 m @ 2.80 g/t Au from 316.50 m to 317.10 m; and
0.75 m @ 2.25 g/t Au 393.25 m to 394.00 m.
Building upon the successes of the 2023 drill program, particularly within the
This significant milestone marks the commencement of LAURION's exploration efforts aimed at further delineating the mineral potential of the Ishkõday Project, situated in the prolific Beardmore-Geraldton Greenstone Belt of
The 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 LME24-041, LME24-042, and LME24-043
Hole ID | From (m) | To (m) | Core Length (m) | Au (g/t) |
LME24-041 | 63.00 | 63.75 | 0.75 | 2.74 |
LME24-041 | 154.00 | 155.50 | 1.50 | 0.451 |
LME24-041 | 258.80 | 259.40 | 0.60 | 0.753 |
LME24-041 | 295.85 | 298.80 | 2.95 | 0.701 |
Including | 296.35 | 297.35 | 1.00 | 1.467 |
LME24-042 | 33.75 | 34.25 | 0.50 | 0.625 |
LME24-042 | 106.05 | 107.00 | 0.95 | 0.392 |
LME24-042 | 160.65 | 161.20 | 0.55 | 0.758 |
LME24-042 | 197.60 | 198.15 | 0.55 | 0.549 |
LME24-042 | 206.75 | 208.20 | 1.45 | 0.872 |
Including | 207.75 | 208.20 | 0.45 | 2.060 |
LME24-042 | 363.45 | 364.00 | 0.55 | 0.523 |
LME24-042 | 395.85 | 401.15 | 5.30 | 0.709 |
Including | 398.30 | 399.80 | 1.50 | 2.070 |
LME24-042 | 422.85 | 430.50 | 7.65 | 0.128 |
LME24-042 | 480.55 | 481.05 | 0.50 | 7.990 |
LME24-042 | 485.00 | 485.60 | 0.60 | 0.382 |
LME24-042 | 498.90 | 499.90 | 1.00 | 1.385 |
LME24-042 | 510.50 | 511.70 | 1.20 | 2.163 |
LME24-042 | 528.50 | 530.50 | 2.00 | 2.550 |
Including | 529.20 | 529.85 | 0.65 | 7.840 |
LME24-042 | 532.50 | 533.55 | 1.05 | 1.073 |
Including | 532.50 | 533.05 | 0.55 | 1.865 |
LME24-042 | 576.20 | 577.35 | 1.15 | 0.352 |
Including | 576.85 | 577.35 | 0.50 | 0.622 |
LME24-042 | 596.00 | 596.60 | 0.60 | 0.404 |
LME24-042 | 650.50 | 651.00 | 0.50 | 0.444 |
LME24-042 | 660.75 | 663.20 | 2.45 | 2.032 |
Including | 660.75 | 661.60 | 0.85 | 5.660 |
LME24-042 | 745.50 | 746.00 | 0.50 | 0.361 |
LME24-042 | 749.00 | 749.50 | 0.50 | 2.960 |
LME24-042 | 762.00 | 762.50 | 0.50 | 0.626 |
LME24-042 | 764.00 | 764.75 | 0.75 | 0.311 |
LME24-043 | 162.00 | 169.00 | 7.00 | 2.667 |
Including | 163.30 | 168.40 | 5.10 | 3.569 |
Including | 163.30 | 165.65 | 2.35 | 5.725 |
LME24-043 | 181.95 | 184.50 | 2.55 | 0.128 |
LME24-043 | 242.55 | 243.60 | 1.05 | 0.690 |
LME24-043 | 243.05 | 243.60 | 0.55 | 1.025 |
LME24-043 | 258.90 | 259.40 | 0.50 | 4.230 |
LME24-043 | 272.70 | 274.60 | 1.90 | 0.424 |
Including | 273.70 | 274.60 | 0.90 | 0.564 |
LME24-043 | 293.80 | 294.45 | 0.65 | 0.474 |
LME24-043 | 316.50 | 317.10 | 0.60 | 2.800 |
LME24-043 | 335.80 | 336.30 | 0.50 | 0.294 |
LME24-043 | 340.50 | 341.40 | 0.90 | 0.768 |
LME24-043 | 393.25 | 394.00 | 0.75 | 2.250 |
LME24-043 | 401.00 | 404.00 | 3.00 | 0.300 |
Including | 401.00 | 401.80 | 0.80 | 0.832 |
LME24-043 | 411.00 | 413.00 | 2.00 | 0.444 |
Including | 412.00 | 413.00 | 1.00 | 0.684 |
LME24-043 | 439.00 | 443.10 | 4.10 | 0.126 |
LME24-043 | 485.30 | 486.30 | 1.00 | 0.631 |
LME24-043 | 485.30 | 485.80 | 0.50 | 0.985 |
Coordinates for Drill HolesLME24-041, LME24-042, and LME24-043
Hole ID | Azimuth | Dip | Planned (m) | Actual (m) |
LME24-041 | 280 | -45 | 300 | 324 |
LME24-043 | 280 | -80 | 500 | 492 |
LME24-042 | 280 | -65 | 800 | 795 |
Sampling and QA/QC Protocols
All core was transported and stored inside the core facility located in
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 km2Ishkõday Project, 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, and 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 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 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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