/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR
DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES./
TORONTO, June 4, 2019 /CNW/ - Laurion Mineral
Exploration Inc. (TSX.V: LME) and (OTCPINK: LMEFF)
("LAURION" or the "Corporation") is pleased to announce the
commencement of the summer 2019 exploration program (the
"Campaign") on the Corporation's 47 km2 Ishkoday
Project ("Ishkoday"), located 220 km northeast of
Thunder Bay.
The Campaign forms part of 2018-2019 exploration initiated in
May 2018 as a three-staged 18-month
program with the strategic objective of outlining the bulk
precious and base metals upside potential at Ishkoday. It is linked
to the on-going Stage 2 program facilitating the confirmation of
the lateral and cross-strike continuity of the mineralization. A
2-D and 3-D geology-mineralization model will be constructed in
conjunction with the confirmation of the lateral and cross-strike
continuity of the mineralization, thus providing Laurion a solid
technical background model to initiate diamond drilling to prove
the model as part of the Stage 3 program.
The Campaign started on May 21,
and consists of mechanized outcrop stripping, power washing,
geological mapping, channel sampling and assaying of an additional
3,000m in 5 stripped areas or lines
(the "Lines"): (1) finishing up TR18-3, the SW extension of
the Marge/"F" Veins system; (2) the historic past producing
Sturgeon River Mine's No. 3 Quartz Vein and the nearby No.1, No. 2
and No. 8/11 Veins (TR19-1); (3) the Marge/"F" Quartz Vein system
(TR19-2); (4) the CRK polymetallic sulphide vein (TR19-3); and (5)
the "A" Zone polymetallic sulphide vein (TR19-4). Additional work
will consist of detailed mapping of the SW, SE and NE sectors of
the Target Area to confirm extensions of known and new gold bearing
quartz and polymetallic sulphide veins; and ultimately completing
the construction of the 2-D and 3-D geological-mineralization model
by LAURION and Mira, and planning of the Stage 3 diamond drilling
program – a first pass model is expected by mid-June.
The Campaign is slated for completion at the end of Q3-2019.
About Laurion
The Corporation 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 153,470,084 outstanding
shares of which 55.1% are owned and controlled by Insiders and
within the "friends and family" category.
LAURION's emphasis is on the development of its flagship
project, the 100% owned mid-stage 44 km2 Ishkoday Project, and its
gold-silver and gold-rich polymetallic mineralization with a
significant upside potential. 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.
Mr. Jean Lafleur, P. Geo.
(APGO, OGQ), Laurion's Technical Advisor to the Board of Directors,
is a Qualified Person as defined by National Instrument 43-101
guidelines, and has reviewed and approved the content of this news
release.
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 Laurion's business, operations
and condition, the Agreement and the transactions contemplated
therein, the relationship between Metals House and the Corporation,
future plans for the development of the Corporation, Ahsineeg
and/or the Ishkoday Gold Project, 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 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 THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
SOURCE Laurion Mineral Exploration Inc.