(via TheNewswire)
![]() | |||||||||
Exciting progress marks LAURION's completion of its Spring 2024 diamond drill program on the
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
LME24-046has 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.
LME24-047has 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 25.90g/t Au and 2.00 metres at 2.73 g/t Au.
LME24-048has 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
These results not only validate our exploration strategy but also reinforce our confidence in the significant mineral potential of the
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 |
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
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
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 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 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 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 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.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
Copyright (c) 2024 TheNewswire - All rights reserved.
Copyright (c) 2024 TheNewswire - All rights reserved., source