TORONTO, Nov. 15, 2021 /CNW/ - LAURION Mineral
Exploration Inc. (TSXV: LME) (OTCPINK:
LMEFF) ("LAURION" or the "Corporation") is very
pleased to announce that it has retained Ronacher McKenzie
Geosciences Inc. ("RMG") of Sudbury,
ON to work with LAURION in the design, execution, and
geological management of exploration work on its Ishkoday Project,
located 220 km northeast of Thunder
Bay. The projects will be supervised by Claire Somers, P.Geo.
Stated Cynthia Le Sueur-Aquin,
CEO and President: "LAURION has been most successful in achieving
its exploration objectives and drilling goals over the last three
years, accumulating a substantial geoscientific database. Gearing
up into next phase of the Ishkoday exploration evolution and
ramping up the 2022 drill program, LAURION's engagement of the RMG
muscle provides consistency and accessibility to a variety and
depth of diverse geological expertise with innovative approaches
and new techniques, to achieve the next level exploration
successes and development of efficient operations. The RMG group of
geologists and geophysicists will provide a unique combination of
solutions for innovative targeting and resource development, across
the 6km by 250m mineralized corridor
on the Ishkoday."
Elisabeth Ronacher, Principal
Geologist and co-founder of Ronacher McKenzie Geoscience, stated:
"We are excited to be working on the Ishkoday Project with the
LAURION team. LAURION has collected high-quality data and we are
looking forward to advancing this unique project and bringing it to
the next stage by conducting an in-depth data analysis using our
team's extensive industry expertise."
A total of 10-15,000 metres of drilling has been allocated for
the 2022 exploration drilling program. LAURION, RMG and
Jean-Philippe Paiement of Mira
Geoscience are in the process of completing judicious target
ranking across the 1.4km strike length of the A-Zone, McLeod and
CRK Zones, to maximize drilling success and development of Ishkoday
resources. The criterion has been derived from the 2018 to 2021
desktop studies and field-based programs.
In parallel with the drill program, LAURION also aims to
complete a detailed mapping and lithogeochemical sampling program
over selected areas of the property with the secondary goal of
populating a database of rock samples for lithogeochemical
characterization. The mapping with focus on structure will assist
in developing a broader litho-structural understanding of the
Ishkoday Project, whilst the collection of in-situ samples will
greatly support the litho-geochemical framework.
About Ronacher McKenzie Geoscience Inc.
Ronacher
McKenzie Geoscience Inc. is an international consulting firm,
providing geological and geophysical services for the mineral
exploration industry with offices in Toronto and Sudbury,
Canada. With a strong knowledge base and an integrated 3D
approach to geoscience data combined with leading expertise in
innovative targeting and resource development, the company assists
in maximising success for their clients.
Qualified Person
The technical information in this
news release has been prepared in accordance with Canadian
regulatory requirements and has been reviewed and approved by
Jean-Philippe Paiement, P.Geo.,
MSc., a consultant to LAURION, and a "qualified person" within the
meaning of National Instrument 43-101.
About LAURION
The Corporation is a junior mineral
exploration and development company listed on the TSXV under the
symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now
has 242,565,353 outstanding shares of which approximately 79% are
owned and controlled by Insiders who are eligible investors under
the "Friends and Family" categories.
LAURION's emphasis is on the development of its flagship
project, the 100% owned mid-stage 47 km2 Ishkoday
Project, and its gold-silver and gold-rich polymetallic
mineralization with a significant upside potential. The
mineralization on 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, in the past producing Sturgeon
River Mine. The Brenbar Property, acquired in 2020, is contiguous
with the Ishkoday Property and hosts the historic Brenbar Mine.
LAURION believes the mineralization to be a direct extension of
mineralization from the Ishkoday Property.
Website: http://www.laurion.ca
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, 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.