Laurion Mineral Exploration Reports High Grades of Gold at Its Ishkoday Property
Laurion Mineral Exploration today announced high grade gold concentrations were found in assay results from channel sampling collected at its Ishkoday Property, 220 km northeast of Thunder Bay.
The highest grades were found in 3 Vein South, where they ranged from 79.64 g/t gold over 4.18 metres to 92.58 g/t gold over 12.98 m. Other findings from 3 Vein South yielded grades of 9.30 g/t gold over 2.90 m and 4.14 g/t gold over 2.69 m.
Assay results from 3 Vein North also returned relatively high levels of gold grades. The grades ranged from 34.00 g/t gold over 2.13 m to 19.46 g/t gold over 1.75 m and 16.33 g/t gold over 1.64 m.
An even higher grade of gold was found at 3 Vein North, but for a very short distance - 161.00 g/t gold over 0.35 m.
Laurion reported that all the gold-bearing individual quartz veins appeared to be interconnected.
A total of 394 samples were taken at the 3 Vein. The vein measured 150m in length. Its width varied between a few centimetres to oveer 50 cm wide. The vein was visible on the surface before being covered by overburden.
A centimetre-wide parallel quartz veining occurred on both sides of the 3 Vein for up to 20 m of exposed stripped outcrop in quartz veined as quartz veinlets stockwork and a sulphide-bearing porphyry.
The Laurion is a junior mineral exploration and development company listed on the TSX-V under the symbol LME and on the OTCPINK under the symbol LMEFF. Laurion now has 158,656,425 outstanding shares of which 60.8% are owned and controlled by insiders who are eligible investors under the "Friends and Family" categories.
Laurion's flagship project is the 100% owned Ishkoday Project, and its gold-silver and gold-rich polymetallic mineralization. The Ishkoday Project has a project-wide database (2008 to 2018) that includes 283 diamond drill holes totaling 40,729m, geological mapping, ground geophysics, and 14,992 individual samples with assays and geochemical analysis.
The mineralization on the Ishkoday is open at depth beyond the current core-drilling limit of -200 m from surface, based on the historical mining to a -685 m depth, as evidenced in the past producing Sturgeon River Mine.
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