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Laurion Mineral Exploration Inc. intersects 19.94 g/t gold over 2.50 m, including 98.5 g/t gold over 0.50 m, in drilling at Ishkoday Project

Dec 16, 2020

LAURION Mineral Exploration is pleased to report further assay results for four drill holes of the ten hole, 2,962 m Phase 2 drill campaign, completed on the CRK Zone, Ishkoday Project. Assay results for the first four (4) holes were previously reported in the December 1 2020 news release and are pending on the remaining two (2) holes. The Ishkoday Project is located approximately 220 km northeast of Thunder Bay, near the town of Beardmore.

Drill holes LME20-026 to LME20-029 were drilled along the main NE-trending trenched CRK Zone at approximately 100 m spacing as shown in Figure 1.

Drilling Highlights:

  • LME20-026
    • 2.50 m grading 19.94 g/t gold and 2.03 g/t silver, including 0.50 m grading 98.5 g/t gold and 8.3 g/t silver
    • 1.00 m grading 5.41 g/t gold
    • 7.60 m grading 0.46 g/t gold, 1.22 % zinc, including 1.00 m grading 2.87 g/t gold and 5.54 % zinc
  • LME20-028
    • 0.50 m grading 5.61 g/t gold, 10.5 g/t silver
  • LME20-029
    • 1.12 m grading 1.56 g/t gold, 3.98 % zinc

David Lewis, P.Geo., LAURION Exploration Manager, commented: "Significant widths and grade of surficial gold and zinc mineralization is present at the CRK Zone and these four drill holes represent systematic testing of the CRK Zone mineralization to depth. Not only have we been able to extend the main sheared mineralized trend 135 m to the southwest, but we have been able to trace it 310 m between holes at depth. Furthermore, we are seeing a change in mineralization at depth to the southwest, with wider intervals and higher grades, where it remains open."

Tags: Northern Ontario / Exploration / Gold / All Articles