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Laurion Commences Drill Program on the Ishkoday Property; Receipt of Early Exploration Permit and Engagement of First Nations Communities
Image: https://www.baystreet.ca/accesswire/images/696/laurion.jpg TORONTO, ON / Janu...
About this update from Laurion Mineral Exploration Inc.
[{"type":"text","content":"Laurion Commences Drill Program on the Ishkoday Property; Receipt of Early Exploration Permit and Engagement of First Nations Communities\n\nImage: https://www.baystreet.ca/accesswire/images/696/laurion.jpg\nTORONTO, ON / January 28, 2014 / ACCESSWIRE / Laurion Mineral Exploration Inc. (TSX.V: LME; OTCQX: LMEFF) (\"Laurion\") is very pleased to announce that Northstar Drilling of Thunder Bay has mobilized a drill onto the Ishkoday property, and that drilling has commenced. The Ishkoday Property is located northeast of Beardmore, Ontario.\nAll regulatory documentation relating to Ontario's new Mining Act was filed with the Ministry of Northern Development and Mines (\"MNDM\") by Laurion late July 2013 for the Ishkoday Property. On January 14, 2014, the Corporation received the Early Exploration Permit. These permits have been issued by the MNDM with a period of validity of three years, covering early higher impact exploration activities. \nWhile receipt of the permit represents a milestone, Laurion remains committed to creating strong relationships and developing ongoing discussions with the Aboriginal communities in the area of the Ishkoday Property. Laurion is also committed to work in a collaborative way and engage all the communities with respect to the Corporation’s future exploration plans.\nLaurion has commenced a diamond drill program on the Ishkoday Property. The drill program is composed of 500m of diamond drilling in approximately 4 holes. Two diamond drill holes are planned to follow 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 3m, 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.\nTwo diamond drill holes 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 precious metal rich Volcanic Massive Sulphide (\"VMS\") Loki trend has a postulated 3,000m strike length. \nThe discovery of an economic mineral deposit is an extremely rare occurrence. The very nature of boom and bust cycles will make the junior exploration sector very valuable as a result of supply and demand and the need to replacing resources. The discovery of the significant g...