- Laurion Mineral Exploration (TSXV:LME), an outperforming junior gold stock, has delineated the strike length of the Sturgeon River mineralized system for over 1,600 m at its Ishkoday project in Ontario
- Mineral grades vary between 0.1 g/t gold and 7.78 g/t gold with characteristics typical of orogenic gold deposits
- Laurion is a junior mineral exploration and development company drilling its mid-stage Ishkoday polymetallic gold project in Ontario
- Laurion Mineral Exploration (TSXV:LME) has gained 400 per cent since 2019 thanks to years of consistently value-accretive exploration results
Laurion Mineral Exploration (TSXV:LME), an outperforming junior gold stock, has delineated the strike length of the Sturgeon River mineralized system for over 1,600 m at its Ishkoday project in Ontario.
The nine drill holes completed in 2023 – reported on Jan. 5 and Jan. 12 – intercepted the seven veins that make up the Sturgeon River system.
President and CEO Cynthia Le Sueur-Aquin (right) and crew analyzing geology at the Ishkoday project. Source: Laurion Mineral Exploration.
Mineral grades vary between 0.1 g/t gold and 7.78 g/t gold, including representation from the No. 3 vein, which was mined from 1936 to 1942, producing 73,438 ounces of gold and 15,922 ounces of silver from 145,123 tonnes of ore averaging 17 g/t gold. The vein target, which is part of a trio of parallel veins, is in addition to a second system comprised of 4 parallel sub-vertical veins also intercepted during drilling.
The assays exhibit “characteristics typical of orogenic gold deposits,” according to a news release, including the presence of quartz-carbonate veins indicating significant hydrothermal alteration. Management believes the veins are associated with a major shear zone stemming from the Niish shear zone in Ishkoday’s southern quarter, and will further refine its 3D model to predict the system’s full extent.
Laurion’s 2024 drill program
The company will break new ground in 2024 with a two-phase drill program, including 3,000 m in the winter and a 3,500 m in the fall. It will also conduct prospecting, sampling and mapping at Twin Falls, I.P targets on the Brenbar, and the Maloney-Sturgeon prospects, as well as mechanical trenching, power washing, stripping and channel sampling of trenches planned to the northwest of the Sturgeon River mine, west of the Brenbar Mine, and northeast of the 801 and the Namewaminikan River and the Twin Falls project.
Laurion is a junior mineral exploration and development company drilling its mid-stage Ishkoday polymetallic gold project in Ontario. Company insiders have considerable skin in the game with 72 per cent of outstanding shares.
Laurion Mineral Exploration (TSXV:LME) last traded at C$0.45 per share. The stock is down by 6.25 per cent year-over-year, but has gained a hefty 400 per cent since 2019 thanks to years of consistently value-accretive exploration results. Recaps of the 2022 and 2021 drilling programs demonstrate Ishkoday’s increasing prospectivity for economical gold extraction.
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