TORONTO, Oct. 4, 2023
/CNW/ - LAURION Mineral Exploration Inc. (TSX.V: LME) and
(OTCPINK: LMEFF) ("LAURION" or the "Corporation") is pleased
to announce the commencement of the 2023 diamond drill program (the
"Drill Program") at its 100% owned Ishkoday Project,
located 220km northeast of Thunder
Bay and 28km northeast of the Township of Beardmore.
LAURION has retained Forage GeoNord from Dolbeau-Mistassini, Québec, under the
supervision of Ronacher McKenzie Geoscience of Sudbury, Ontario.
The drilling campaign will commence on October 16th, 2023, and will comprise
of approximately 3,675 metres of NQ drilling. The drill program is
focused on targeting the northeast extension of the Sturgeon River
Mine structure, with the objective of targeting the Number 1, 2, 3
quartz veins and other quartz veins and shear structures
encountered in the historic mining of the Sturgeon River Mine.
The Sturgeon River property hosts the former producing Sturgeon
River Mine, known previously as the Coniagas Mine, which produced
73,439 ounces of gold, and 15,922 ounces of silver between 1936 and
1942. (Seeber,1983). The shaft was sunk to a depth of 2,108
ft with development on 14 levels, the lowest producing level being
at 1,750 ft, with the main economic mineralization confined to the
No. 3, M and 10 and 11 quartz veins. Underground development
included 20,239 ft of drifting and 3,149 ft of crosscutting.
The main economic mineralization was confined to the No. 3, M and
10 and 11 quartz veins. Wartime restrictions in 1942 forced the
mine's closure in 1942 (Seeber,1983).
Qualified Person
The technical contents of this release were reviewed and
approved by Jean-Philippe Paiement,
PGeo, MSc, a consultant to LAURION, and a qualified person as
defined by National Instrument 43-101 – Standards of Disclosure for
Mineral Projects.
About LAURION Mineral Exploration
Inc.
The Corporation is a junior mineral exploration and development
company listed on the TSX Venture Exchange under the symbol LME and
on the OTC under the symbol LMEFF. LAURION now has 257,948,737
outstanding shares of which approximately 80% are owned and
controlled by Insiders who are eligible investors under the
"Friends and Family" categories.
LAURION's emphasis is on the exploration and development of its
flagship project, the 100% owned mid-stage 47 km2
Ishkoday Project, and its gold-rich polymetallic
mineralization.
LAURION's chief priority remains maximizing shareholder
value while simultaneously embracing and considering the principles
and best practices of environmental, social, and corporate
governance (ESG) issues. A large portion of the Corporation's focus
in this regard falls within the ambit of its mineral exploration
activities and more specifically, advancing the Ishkoday
Project.
Website: http://www.LAURION .ca
Follow us on Twitter: @LAURION_LME
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 the anticipated timing and results
of the Drill Program, LAURION's expectations regarding the Drill
Program, LAURION's business, operations and condition, and
management's objectives, strategies, beliefs and intentions. 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 and future exploration
activities, changes in project parameters 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 TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the
information contained herein.
SOURCE Laurion Mineral Exploration Inc.