LAURION executed its Summer Field Program on its 47 km2 Ishkoday Project from May to October 2018.
LAURION’s is validatating the existence of a large (bulk) near surface gold polymetallic target (the 'Target') over the identified 3 km by 1 km main outcrop area, containing all of the known precious and base metals mineralization known to date, in an expedited fashion to advance the project to the next development phase.
LAURION is following through its strategic three-phased exploration program over a thirty-six month period, aimed at the Target validation and concentrating on rapidly defining and expanding via drilling near surface mineral resources in gold, silver, zinc and copper.
LAURION commenced with selective geological mapping, strategic prospecting of historic mineralized “veins” and their extensions, along with new areas in the previously untested northern claims.
On completion of the May-June Program, a practical geological and exploration model for the SE portion of LAURION’s Ishkoday within the 3km by 1km outcrop area encompassing all of the previously known gold-polymetallic mineralization (the 'Target Area'). Assay results highlights included:
- Of the total samples taken some 14% of the samples (45 of 322 selective field samples) were anomalous in either gold, silver, copper or zinc or any combination of these elements, and most were located in the southern 3km by 1km Target Area (with a few exceptions.
- 33 assay results >0.30 g/t gold and 6 assay results >18 g/t gold. All are in quartz veins with the highest values located in channel samples with Visible Gold from the 85-A2 yielding 40.80, 43.00 and 1,185.00 g/t gold. However, two selective grab samples were not. One is located in a chlorite-sericite schist with trace pyrite yielding 27.50 g/t gold; and a second, in a porphyry with 1% pyrite gave 28.40 g/t gold;
- 10 assay results >12 g/t silver and 4 assay results >34.28 g/t (1 oz/ton) silver. Half the anomalous silver results were found in sericite-chlorite-sulphide schists (up to 30.20 and 47.10 g/t silver); the other half in quartz veins (up to 86.40 and 112.00 g/t gold);
- 1 assay result >1% copper in a diorite/granodiorite porphyry (1.61% copper); and
- 13 assay results >1% zinc. Anomalous zinc is found in four rock settings: rhyolites/dacites/rhyodacites (up to 1.74% zinc), sericite-chlorite schists (up to 3.26% and 12.00% zinc), chlorite veins (1.89% zinc) and quartz veins (up to 2.82% zinc).
Field validation required to test the continuity of individual and combined mineralized NE-SW trending centimetric-to metric-wide and kilometric-long lode gold quartz shear and extension veins (the “Quartz Veins”). The planned work included additional manual and mechanized outcrop stripping, channel sampling and assaying.
Two strategic NW-SE 400m to 500m outcrop stripping lines (the 'Lines') were completed as a first pass assessment across key NE-SW trending Quartz Veins and gold/polymetallic (copper-zinc) veins (the 'Polymetallic Veins') systems in the Target Area. One of the Lines crossed a sector where historic surface mapping identified at least 20 Quartz Veins combined with several Polymetallic Veins.
Detailed geological mapping of key areas, including a continuous surface stripping, channel sampling and assaying of potential zones was completed to outline the Target.
New mineralized occurrences which were discovered in May, andwere manually stripped, cleaned and mapped. Grab and whenever possible deep channel samples were taken and sent for analysis to the ALS Laboratory facilities.