- Laurion Mineral Exploration (TSXV:LME) yielded robust gold mineralization in the first four drill holes from its Fall 2024 campaign on its Ishkõday project in Greenstone, Ontario
- Results are highlighted by 0.50 m grading 37.70 grams per ton of gold
- Laurion is a junior mineral exploration and development company focused on its gold-rich polymetallic Ishkõday project 220 km northeast of Thunder Bay, Ontario
- Laurion Mineral Exploration stock has given back 16.33 per cent year-over-year but remains up by 156.25 per cent since 2019
Laurion Mineral Exploration (TSXV:LME) yielded robust gold mineralization in the first four drill holes from its Fall 2024 campaign on its Ishkõday project in Greenstone, Ontario.
Highlight intersections
- LME24-049: 0.60 metres (m) grading 2.58 grams per ton (g/t) gold and 66.9 g/t silver from 444 m.
- LME24-049: 0.50 m grading 5.53 g/t gold from 622.75 m.
- LME24-049: 3.50 m grading 2.08 g/t gold, including 1 m grading 6.60 g/t gold from 711 m.
- LME24-051: 0.65 m grading 2.52 g/t gold within a broader interval of 2.15 m grading 0.83 g/t gold from 220.35 m.
- LME24-053: 1.10 m grading 1.61 g/t gold, including 0.60 m grading 2.78 g/t gold from 74.50 m.
- LME24-053: 0.50 m grading 2.93 g/t gold from 170.80 m.
- LME24-055: 1.20 m grading 17.47 g/t gold, including 0.50 m grading 37.70 g/t gold from 55.80 m.
The results increase the prospectivity of quartz veins and shear zones in previously undrilled areas northeast of the Sturgeon River mine shaft. Initially discovered during the Summer 2024 field program, these areas further support gold continuity and consistency on the project and its potential for additional high-grade discoveries.
Leadership insights
“The Ishkõday project encompasses a vast and highly prospective land package of 57 square kilometres, within which Laurion has delineated through strategic drilling and fieldwork a prospective corridor spanning 6 kilometres in strike length and 2.5 kilometres in width, representing approximately 26.3 per cent of the total property,” Cynthia Le Sueur-Aquin, president and chief executive officer of Laurion Mineral Exploration, said in a statement. “This corridor hosts several occurrences from two distinct overlapping mineralized systems, emphasizing the scale and potential of the project.”
“To date (inclusive of this Fall 2024 drill program, historical and modern drilling), 445 drill holes totaling 90,009 m, including 190 drill holes totaling 61,160 m, have been conducted by Laurion as operator,” Le Sueur-Aquin added. “Our consistently high success rate in intersecting significant mineralization is a direct result of the rigorous standards applied to our fieldwork, mapping and 3D modeling. These efforts demonstrate our strategic and systematic approach to exploring and unlocking the potential of this geologically complex and structurally controlled environment.”
About Laurion Mineral Exploration
Laurion is a junior mineral exploration and development company focused on its gold-rich polymetallic Ishkõday project 220 km northeast of Thunder Bay, Ontario. Insiders own approximately 72 per cent of outstanding shares.
Laurion Mineral Exploration stock (TSXV:LME) opened with a gain of 1.23 per cent trading at C$0.41 per share. The stock has given back 16.33 per cent year-over-year but remains up by 156.25 per cent since 2019.
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(Top photo of Luc Harnois, Laurion Mineral Exploration’s senior geologist, at the Ishkõday project in Ontario: Laurion Mineral Exploration)