- Laurion Mineral Exploration (TSXV:LME), a multi-bagger junior gold stock, is announcing high-grade results from the Fall 2024 drilling program on its Ishkõday project in Greenstone, Ontario
- Highlights include 5.25 m grading 7.29 grams per ton (g/t) of gold and 1.95 m grading 2.370 g/t 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 18 per cent year-over-year but remains up by 4,000 per cent since 2016
Laurion Mineral Exploration (TSXV:LME), a multi-bagger junior gold stock, is announcing high-grade results from the Fall 2024 drilling program on its Ishkõday project in Greenstone, Ontario.
Drilling successfully expanded the strike length of the Sturgeon River Mine corridor from 900 m to 1,100 m focused on 12 gold-bearing veins validated through stripping and channel sampling. Here are the highlights from the program’s last three drill holes:
Drill hole LME24-050
| Hole ID | From (m) | To (m) | Core Length (m) | Gold (g/t) |
| LME24-050 | 55.90 | 59.40 | 3.50 | 1.81 |
| including | 57.05 | 58.00 | 0.95 | 3.02 |
| LME24-050 | 70.15 | 71.00 | 0.85 | 0.33 |
| LME24-050 | 135.00 | 135.50 | 0.50 | 0.85 |
| LME24-050 | 175.20 | 176.40 | 1.20 | 2.49 |
| including | 175.20 | 175.70 | 0.50 | 3.30 |
| LME24-050 | 191.40 | 191.90 | 0.50 | 1.10 |
| LME24-050 | 234.40 | 235.40 | 1.00 | 0.49 |
| LME24-050 | 349.10 | 349.60 | 0.50 | 1.56 |
| LME24-050 | 352.00 | 352.50 | 0.50 | 0.39 |
| LME24-050 | 396.00 | 397.65 | 1.65 | 1.23 |
| including | 396.00 | 396.90 | 0.90 | 1.51 |
| LME24-050 | 423.50 | 424.30 | 0.80 | 0.35 |
| LME24-050 | 434.60 | 435.50 | 0.90 | 0.85 |
| LME24-050 | 505.00 | 506.20 | 1.20 | 0.62 |
| LME24-050 | 520.75 | 521.25 | 0.50 | 0.46 |
| LME24-050 | 594.45 | 595.25 | 0.80 | 0.32 |
| LME24-050 | 627.70 | 628.40 | 0.70 | 0.37 |
| LME24-050 | 643.70 | 645.30 | 1.60 | 0.30 |
| including | 643.70 | 644.30 | 0.60 | 0.70 |
| LME24-050 | 648.50 | 651.00 | 2.50 | 1.12 |
| including | 649.05 | 650.00 | 0.95 | 2.37 |
| LME24-050 | 675.80 | 676.30 | 0.50 | 11.25 |
Drill hole LME24-052
Drill hole LME24-054
| Hole ID | From (m) | To (m) | Core Length (m) | Gold (g/t) |
| LME24-054 | 18.90 | 19.50 | 0.60 | 0.48 |
| LME24-054 | 64.50 | 65.00 | 0.50 | 0.95 |
| LME24-054 | 415.80 | 416.50 | 0.70 | 0.18 |
| LME24-054 | 417.65 | 418.15 | 0.50 | 0.35 |
| LME24-054 | 608.00 | 608.50 | 0.50 | 1.34 |
| LME24-054 | 679.00 | 680.00 | 1.00 | 0.12 |
| LME24-054 | 725.20 | 726.40 | 1.20 | 3.11 |
| including | 725.20 | 725.70 | 0.50 | 6.67 |
| LME24-054 | 761.65 | 762.20 | 0.55 | 0.35 |
| LME24-054 | 796.35 | 797.00 | 0.65 | 0.32 |
| LME24-054 | 801.00 | 802.00 | 1.00 | 0.23 |
To date, Laurion has delineated a 6 kilometre x 2.5 kilometre mineralized corridor at Ishkõday, representing only 26.3 per cent of the project area. According to Wednesday’s news release, “the dimension of this corridor highlights the significant scale and potential of the project,” with management confident in the Fall 2024 drill program having “advanced the Ishkõday project toward the long-term development goals of the corporation.”
These results follow recent high-grade intercepts announced in August and December, adding to the company’s multi-year track record of exploration success.
Leadership insights
“The latest results confirm significant mineralization, including high-grade gold intercepts, underscoring the Ishkõday project’s potential,” Cynthia Le Sueur-Aquin, Laurion Mineral Exploration’s president and chief executive officer, said in a statement. “The Ishkõday project covers an extensive and highly promising area of 57 square kilometres. Our latest drill results are a testament to the continuity and consistency of gold mineralization within structurally controlled quartz vein systems. Notable highlights include 17.47 g/t gold over 1.20 m, including 37.70 g/t gold over 0.50 m in LME24-055, as well as 6.60 g/t gold over 1 m within a broader interval of 3.50 m grading 2.08 g/t gold in LME24-049. We believe that these results underscore the high-grade potential of our mineralized veins and provide further insight into the complex structural framework at Ishkõday. We remain committed to advancing this project with a strategic and systematic approach, refining our geological models and working to identify additional high-grade zones to unlock the full potential of the Ishkõday project.”
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) last traded at C$0.41 per share. The stock has given back 18 per cent year-over-year but remains up by 4,000 per cent since 2016.
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(Top photo of drill core under snow at the Ishkõday project in Ontario: Laurion Mineral Exploration)
