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laurion mineral exploration (LME) Snapshot

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laurion mineral exploration (LME) Details

Laurion Mineral Exploration Inc., a junior mining company, engages in the exploration and development of gold and base metal properties in the United States and Canada. It primarily owns 100% interest in the Ishkoday property that covers a total area of 2,499 hectares located in the town of Beardmore, Ontario. The company was formerly known as Laurion Gold Inc. and changed its name to Laurion Mineral Exploration Inc. in October 2006. Laurion Mineral Exploration Inc. was incorporated in 1945 and is based in Toronto, Canada.

Founded in 1945

laurion mineral exploration (LME) Top Compensated Officers

Chief Executive Officer, President, Executive...
Total Annual Compensation: --
Chief Financial Officer, Director and Co-Chai...
Total Annual Compensation: C$1.8K
Compensation as of Fiscal Year 2012.

laurion mineral exploration (LME) Key Developments

Laurion Mineral Exploration Inc. Commences Drill Program on Ishkoday Property

Laurion Mineral Exploration Inc. announced that Northstar Drilling of Thunder Bay has commenced drilling on the corporation's Ishkoday Property located northeast of Beardmore, Ontario. The drill program will be composed of a total of 500m of diamond drilling to be completed in 2 holes. The two diamond drill holes will follow up on the diamond drill program executed in 2012 across 500 metres of stratigraphy on the northeastern extension of the 'A' zone on the Loki trend. The two holes will be proximal to diamond drill hole LBX12010. The corporation reported an intercept of 3.31 g/t Au, 18.1 g/t Ag, 0.09% Cu and 3.72% Zn over 12.84m, including 5.25 g/t Au, 40.1 g/t Ag, 0.29% Cu, 8.38% Zn and 1.24% Pb over 4.04m in diamond drill hole LBX12010.

Laurion Mineral Exploration Inc. Continues to Intersect Multiple Zones of Gold, Silver, Zinc and Copper on the A-Zone of the Loki Trend, Ishkoday Property

Laurion Mineral Exploration Inc. announced the drill results of LBX14-06 and LBX14-017, the second two diamond drill holes completed in January 2014, on its Ishkoday Property located northeast of Beardmore, Ontario. A total of 533m of diamond drilling has been completed to date. Two of the diamond drill holes, followed up on the high grade channel and grab samples on the Loki Trend which intersected 27.8g/t Au, 13.1g/t Ag and 1.21% Zn and 0.16% Cu over 1.80m in diamond drill hole LME14-031, and 0.56g/t Au, 3.11g/t Ag, 0.09% Cu and 3.17% Zn over 4.37m and 0.32g/t Au, 3.94 g/t Ag, 0.10% Cu and 1.76% Zn over 4.20m in diamond drill hole LME14-030. The remaining two diamond drill holes LBX14-016 and LBX14-017 were collared to intersect geology associated with the Loki/"A"-Zone mineralization reported in the Laurion 2012 drill program. Drill hole LBX12-010 targeted the "A"-Zone, passing through 5 high grade mineralized horizons within a lower grade mineralized halo measuring 113m in width. The true thicknesses of the mineralized zones are currently unknown, but based on core angles observed in core they may range from 50-90%. Laurion is currently interpreting the results from the drill program with construction of cross-sections and modeling of mineralized horizons. This will provide better control on zone orientation to be reported later.

Laurion Mineral Exploration Inc. Announces Drill Results of the First Diamond Drill Holes Completed in 2014 on its Ishkoday Property Located Northeast of Beardmore, Ontario

Laurion Mineral Exploration Inc. announced the drill results of the first diamond drill holes completed in 2014 on its Ishkoday Property located northeast of Beardmore, Ontario. The drill program was composed of a total of 533m of diamond drilling completed in 4 holes. Two diamond drill holes followed up on the high grade channel and grab samples of 15.00 g/t Au, 35.4 g/t Ag, 1.07% Zn and 0.41% Cu over 1m, 3.14 g/t Au, 23.2 g/t Ag, 2.62% Zn, 0.20% Cu and 0.15% Pb over 3 m, 10.20 g/t Au, 45.5 g/t Ag, 22.30% Zn and 3.32% Pb (Grab) reported in a press release in November 2013. Laurion will be displaying the core from hole LME14030 at their booth 3025 at the Prospectors and Developers Association of Canada ("PDAC 2014") Convention held in the South Building of the Metro Convention Centre, 222 Bremner Blvd, Toronto, from March 1st to March 5, 2014. Holes LME14030 and LME14031 were collared to intersect geology associated with the Loki/AZone mineralization reported in Laurion drilling carried out in 2012, but 700m southwest of that drilling. LME14030 was collared on a folded structure in the Loki/AZone trend geology that changes the strike of the stratigraphy from northwest to due north, and it is 220 m south of LME11013 (3.10 m @ 3.22 g/t Au, 27.5 g/t Ag, 0.38% Cu, 5.63% Zn), which also occurs on this structure. Assay results are as follows: Drill hole LME14030 had a planned depth of 100m. The hole ended in mineralization at a down hole depth of 107 m. Drill Hole LME14031 was collared 40m south of LME1430 on the same north trending structure. Assay results are as follows: Two diamond drill holes followed up on the diamond drill program executed in 2012 across 500 metres of stratigraphy on the northeastern extension of the "A"Zone on the Loki trend. The precious metal rich Volcanic Massive Sulphide (VMS) Loki trend has a postulated 3,000m strike length. Assay results from these two holes, LBX14016 and LBX14017 are still awaited. All sampling from this diamond drill program was delivered by GeoVector Management Inc. personnel to the Activation Laboratories ("Actlabs") facility in Thunder Bay and/or Geraldton. Actlabs is an ISO/IEC 17025 accredited analytical laboratory. Analysis for gold was by fire assay with AA finish, followed by fire assay with gravimetric finish for samples over 3.0 g/t Au. Samples were also treated with a multiacid ICP process, and base metal values over detection limit were treated to ore grade base metal assays. Analytical accuracy and precision are monitored at the laboratory by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and inhouse standards. GeoVector also routinely inserted blanks and certified standards into the sample stream in order to independently assess analytical accuracy. All certified standard assays were within acceptable limits.

 

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