LAURION recently announced the completion of its Fall drill program of 3,636 metres in nine diamond drill holes. The primary objective of the first five diamond drill holes was to target the northeast extension of the
The Number 3 quartz vein (historically mined) consists of anastomosing quartz veins oriented north-northeast and steeply dipping to the southeast. The mineralized system also comprises other mineralized structures, such as the Numbers 1 and 2 quartz veins, Coniagas and Numbers 1 8-11 quartz veins (the '3 Vein Quartz Vein System or 3QVS') along with additional secondary (for now) quartz veins and shears of different sizes and trends. The original system was historically defined over a strike length of 450 m.
The drill program targeted the extension of the system to the northeast with the intention of doubling the strike length of the mineralized structures. The results received to date demonstrate that the system extends on significant strike length and is still open at depth and along strike. Confirming the extensions of this known structure will assist with updating the 2-D and 3-D geological mineralization model LAURION, which should provide a solid technical base to initiate further diamond drilling programs in this area.
Sampling and QA/QC Protocols
All core was transported and stored inside the core facility located in
LAURION employs an industry standard system of external standards, blanks and duplicates for all of its sampling, in addition to the QA/QC protocol employed by the laboratory.
After logging, core samples were identified and then cut in half along core axis in the same building, and then zip tied individually in plastic sample bags with a bar code. Approximately five or six of these individual bags were then stacked into a 'rice' white material bag and stored on a skid for final shipment to the laboratory.
All core samples were shipped to the ALS facility in
Samples are processed by 4-acid digestion and analyzed by fire assay on 50 g pulps and ICP-AES (Inductively-Coupled-Plasma - Atomic-Element-Spectroscopy). Over limit analyses are reprocessed with gravimetric finish. A total of 5% blanks and 5% standard are inserted randomly within all samples. 5% of the best assay result pulps were sent for re-assays. A total of 8.7% blanks and 9.5% standard were randomly inserted during the pXRF analyse of the soil sampling. 2.8% we re-analyzed. All QAQC were verified, and no contamination or bias have been observed.
The remaining half of the core, as well as the unsampled core, were stacked on a skid outside in
About
The Corporation is a junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTC under the symbol LMEFF. LAURION now has 263,346,102 outstanding shares of which approximately 72% 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 57.43 km2
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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, management's objectives, strategies, beliefs and intentions, the Corporation's ability to advance the
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