2019 FIELD EXPLORATION PROGRAM

LAURION'S 2019 Field Campaign started on May 21, and consists of mechanized outcrop stripping, power washing, geological mapping, channel sampling and assaying of an additional 3,000m in 5 stripped areas or lines (the “Lines”): (1) finishing up TR18-3, the SW extension of the Marge/“F” Veins system; (2) the historic past producing Sturgeon River Mine’s No. 3 Quartz Vein and the nearby No 1, No. 2 and No. 8/11 Veins (TR19-1); (3) the Marge/“F” Quartz Vein system (TR19-2); (4) the CRK polymetallic sulphide vein (TR19-3); and (5) the “A” Zone polymetallic sulphide vein (TR19-4).

Additional work will consist of detailed mapping of the SW, SE and NE sectors of the Target Area to confirm extensions of known and new gold bearing quartz and polymetallic sulphide veins; and ultimately completing the construction of the 2-D and 3-D geological-mineralization model by LAURION and Mira Geoscience; and the planning of the Stage 3 diamond drilling program.  A first pass model is expected by mid-June.

The Campaign is slated for completion at the end of Q3-2019.

FIGURE 2 - LOCATION MAP
MAP OF GREENSTONE AREA AND ISHKODAY LOCATION
 
FIGURE 1 - LOCATION OF TRENCHES AND SEGMENTS
FIGURE 2  CHANNEL SAMPLE INTERVALS ASSAY RESULTS 

 

FIGURE 3 - MAG MAP WITH TARGET AREAS

FIGURE 3 - MAG MAP WITH TARGET AREAS 

FIGURE 4 - LONGITUDINAL SECTION

FIGURE 4 - LONGITUDINAL SECTION
FIGURE 5 - INTERPRETIVE CROSS-SECTION  OF THE “A” ZONE SULPHIDE VEINS

An airborne magnetic survey has recently completed to refine Rock Units, structures and sulphide-magnetite veins in 3D and help in the definition of litho-structural domains.

Further Geological Observations from the Outcrop Stripping Work

TRENCH TR18-3

Partially stripped in 2018, the northeast trending M24 Quartz Vein (the “M24”) portion of TR18-3 was fully exposed ay surface by recent stripping and washing, and channel sampled with more than 200 samples taken. The M24 measures more than 100m in length and is more than 3m wide, tapering off at the extremities to under 30cm, but remains open at both ends before disappearing under the overburden. Additional secondary centimeter wide parallel and perpendicular quartz veining occur on both sides of the M24 for several meters in a sheared (near the M24) to massive, pyrite-bearing porphyry host at the southwestern end of the Sturgeon River Porphyry (the “Porphyry”).

The Sturgeon River Pluton already hosts the northeast trending Marge, “X” and “F” gold bearing quartz veins (the “Marge”). The central 314m long by 36cm wide Marge Gold-Quartz Vein yielded 17.62 g/t gold; whereas a 21m long by 25cm wide segment of the “F” graded Marge, some 625m to the southwest.

M24 VEIN

ASSAY HIGHLIGHTS FROM M24 VEIN

The M24 is part of a swarm of major northeast-southwest trending gold-bearing quartz veins at the southwest end of the Porphyry, that includes the M21, M22, M23 M24 and M26 Quartz Veins (the “M24 Quartz Vein System or M24QVS”) along with additional secondary (for now) quartz veins and shears of different sizes and trends. The M24QVS extends some 425m in length by 245m wide, and remains open. The Porphyry already hosts the northeast trending Marge, “X” and “F” gold-bearing quartz veins (the “Marge”). The central 314m long by 36cm wide Marge Gold-Quartz Vein previously yielded 17.62 g/t gold; whereas a 21m long by 25cm wide segment of the “F” graded 30.72 g/t gold (L. Koskitalo, Phoenix Gold Mines Ltd., 1988). The M24 is located on trend to the Marge, 625m to the southwest. All the gold-bearing quartz veins of the M24QVS are likely interconnected as observed at the No. 3 Quartz Vein (“3 Vein”) of TR19- 1 that hosted the Sturgeon River Mine.

Highlights are as follows:

Significant individual assay results above 1 g/t gold from M24 Vein: 

SHEAR

QFP

 

TRENCH TR19-1

The 3 Vein is shown as a single vein on historical maps, but LAURION’s stripping and sampling at TR19-1 has established that the 3 Vein is actually a swarm of interconnected, anastomosing quartz veins oriented in two main directions: one north-south, the other northeast-southwest.  

The No. 3 Quartz Vein was mined between 1936 and 1942. Of significance is the strike of 200m in length of the ore grade shoot within the No. 3 vein at surface, which increases at depth.  At 530m depth, the ore shoot reaches a strike length of 466m.  At around the 460m, two other veins intersect the No.3 vein (No. 10 and the M veins).  This validates the suggestion of the potential for this well-mineralized structure to widen along strike and at depth.

Ø  Highlights for the 3 Vein South (refer to Tables 1 and 2 for complete assay results

No 3 Vein South

Significant composite interval results are as follows:

In-vein sampling was completed parallel to the vein contact to determine a more accurate gold grade of the 3 Vein South. Composite interval results are as follows:

For a final continuous composite interval of 59.42 g/t over 34.56m strike length. The average width of the 3 Vein South is 0.09m

No 3 Vein South

Ø  Highlights for 3 Vein North (refer to Tables 3 and 4 for complete results

Significant composite interval results are as follows:

Significant other individual channel assay results from the 3 Vein North includes:

Table 1: 2019 individual channel assay results for the No. 3 Quartz Vein South (south of the mine road). Samples taken outside and within, perpendicular to the vein. Composited intervals are highlighted in bold, followed the interval assay value over the total length.

CHANNEL NUMBERS CHANNEL SAMPLE LENGTHS (m) AZIMUTH (º) ROCK UNITS1 GOLD ASSAY RESULTS 
(g/t)
LINE 5-L1        
866616 1.16 295 RHYOLITE trace
866617 1.43 305 QFP 0.03
866618 0.39 305 3 VEIN 29.20
866619 1.39 115 QFP 0.09
3.60 g/t  gold over 3.21m
LINE 5-L2        
866620 1.01 285 RHYOLITE 0.01
866621 1.03 320 RHYOLITE, MAFIC DYKE Tr
866622 1.25 320 RHYOLITE 0.02
866623 1.73 350 QFP 1.16
866624 0.40 330 3 VEIN 10.75
866626 1.13 110 QFP 0.06
866627 1.30 110 QFP 0.01
866628 1.35 110 QFP 0.01
1.95 g/t gold over 3.26m
LINE 5-L3        
866631 1.77 310 3 VEIN, QFP 15.15
866629 1.13 315 QFP 0.13
9.30 g/t gold over 2.90m
LINE 5-L4        
866632 1.44 270 RHYOLITE 0.04
866633 1.44 270 QFP 0.02
866634 1.21 275 QFP 0.01
866636 1.12 275 QFP 0.19
866637 0.40 100 3 VEIN 3.59
866638 1.32 110 QFP 0.01
866639 1.35 125 QFP 0.01
866640 1.16 125 QFP Tr
866641 1.20 125 QFP 0.01
866642 0.96 125 QFP, SHEAR 0.01
Line 5-L5        
866643 1.52 305 QFP 0.02
866644 0.44 290 3 VEIN 10.80
866645 1.45 300 QFP 0.01
1.40 g/t golf over 3.41m
Line 5-L6        
866646 1.03 290 QFP 0.01
866647 0.25 290 3 VEIN (B) 0.29
866648 0.75 290 QFP 0.03
Line 5-L7        
866649 1.21 115 QFP 0.01
866651 1.43 115 QFP 0.03
866652 1.44 105 QFP 0.18
866653 0.49 105 3 VEIN 0.96
866654 1.24 105 QFP Tr
866656 1.27 85 QFP 0.01
866658 0.58 85 QFP Tr
866659 0.79 110 QFP Tr
866660 1.20 110 QFP Tr
866661 1.37 110 QFP 0.03
866662 1.18 85 QFP 0.01
866663 1.16 85 QFP 0.14
866664 0.19 85 3 VEIN (B) 0.26
866665 1.56 90 QFP 0.05
866666 1.32 90 QFP 0.21
Line 5-L8        
866667 0.35 295 QFP 0.01
866668 1.49 295 QFP 0.03
866669 0.31 295 3 VEIN 22.00
866671 1.15 295 QFP 0.04
2.34 g/t gold over 2.95m
Line 5-L10        
866676 1.19 290 QFP Tr
866677 0.21 290 3 VEIN (B) 0.73
866678 1.56 285 QFP 0.06
Line 5-L11        
866681 1.51 90 QFP 0.01
866682 1.20 95 QFP 0.04
866683 0.32 95  3 VEIN 26.10
866684 0.91 110 QFP 0.01
866685 0.94 110 QFP 0.02
866686 1.30 75 QFP 0.01
866687 1.31 90 QFP Tr
866688 0.91 80 QFP Tr
866689 1.34 80 QFP Tr
866691 1.30 90 QFP 0.01
866692 1.40 85 3 VEIN (B) 0.25
866693 0.20 105 3 VEIN (D) 5.16
866694 1.08 105 QFP 0.01
866696 1.13 105 QFP 0.01
866697 1.05 105 QFP 0.01
Including 3.46 g/t over 2.43m
Line 5-L12        
866708 1.26 95 QFP 0.01
866709 1.15 95 QFP Tr
866711 0.24 95 3 VEIN 5.12
866712 1.24 100 QFP 0.17
Line 5-L13        
866701 1.19 300 QFP 0.07
866700 0.11 285 3 VEIN (C) 0.21
866699 0.24 285 3 VEIN (B) 0.64
866698 0.86 285 QFP 0.07
Line 5-L14        
866703 0.34 125 QFP 0.01
866704 0.32 125 3 VEIN (D) 2.44
866706 0.64 120 QFP 0.01
866707 0.36 115 QFP 0.01
Line 5-L15        
866716 1.37 275 QFP 0.01
866717 0.25 280 3 VEIN 46.90
866718 1.32 285 QFP 0.11
4.04 g/t gold over 2.94m
Line 5-L16        
866713 1.45 95 QFP 0.01
866714 0.37 95 QFP 0.04
Line 5-L17        
866722 1.70 275 QFP Tr
866723 1.03 305 QFP Tr
866724 1.05 305 QFP Tr
866726 0.92 305 QFP 1.81
866727 0.17 305 3 VEIN 14.10
866728 1.21 85 QFP 0.02
866729 0.80 100 QFP 0.02
866731 0.93 105 QFP 0.01
866732 1.69 290 QFP Tr
1.77 g/t gold over 2.3m
Line 5-L18        
866733 1.19 100 QFP Tr
866734 0.75 100 QFP 0.01
866736 0.43 100 3 VEIN (B) 0.58
Line 5-L19        
866737 0.45 280 QFP Tr
866738 0.34 280 3 VEIN (B) 0.10
866739 1.03 280 QFP 0.02
866740 0.23 280 SHEAR, 3 VEIN (C) 0.03
866741 0.41 280 QFP Tr
Line 5-L20        
866719 0.51 310 RHYOLITE 0.05
866720 0.16 310 3 VEIN (A) 0.05
866721 0.90 310 RHYOLITE 0.01
Line 5-L21        
866747 1.37 305 QFP Tr
866748 0.31 305 3 VEIN 35.70
866749 1.01 305 QFP 0.07
866751 1.19 285 QFP Tr
4.14 g/t gold over 2.69m
Line 5-L22        
866752 0.21 280 3 VEIN (B) 0.16
866753 1.23 305 QFP 0.01
866754 0.16 305 SHEAR, 3 VEIN (C) 4.62
866756 1.06 305 QFP 0.18
Line 5-L23        
866742 1.08 120 RHYOLITE 0.02
866743 0.25 125 3 VEIN (A) 0.01
866744 0.31 125 RHYOLITE Tr
866745 0.90 140 RHYOLITE 0.05
Line 5-L24        
866758 1.27 280 RHYOLITE Tr
866759 0.80 285 QFP Tr
866760 1.38 290 QFP Tr
866761 1.36 290 QFP 0.01
Line 5-L25        
866763 0.27 105 3 VEIN 6.82
866764 1.76 105 QFP 0.01
866765 1.57 105 QFP 0.01
866766 1.17 105 QFP 0.01
866767 1.21 105 SHEAR, 3 VEIN (B) 0.01

Notes:

1 Rock Units legend: RHYOLITE – felsic volcanic unit; QFP – Quartz-Feldspar Porphyry of the Sturgeon River Intrusive or Pluton; MAFIC DYKE – cross cutting, mafic intrusive with or without feldspar phenocrysts; SHEAR - centimeter wide parallel and perpendicular quartz veins on both sides of the No. 3 Quartz Vein in a sheared, iron carbonate and pyrite-bearing Porphyry; 3 VEIN – No 3 Quartz Vein; 3 Vein (A, B, C and D) are subparallel quartz veins.

Table 2: 2019 individual channel assay results for the No. 3 Quartz Vein South (south of the mine road). Samples taken within, parallel to the vein. Composited intervals are highlighted in bold, followed the interval assay value over the total length.

CHANNEL NUMBERS CHANNEL SAMPLE LENGTHS (m) AZIMUTH (º) ROCK UNITS1 GOLD ASSAY RESULTS 
(g/t)
Line 5-L26P      
866774 0.81 15 3 VEIN 155.50
866776 0.88 25 #3 116.50
866777 1.25 35 QFP 0.32
866778 1.08 40 QFP 0.26
866779 1.25 25 3 VEIN 47.40
866781 1.16 30 3 VEIN 9.27
866782 1.52 20 3 VEIN 52.20
47.61 g/t gold over 7.95m
Line 5-L27P        
866783 0.70 20 3 VEIN 75.60
866784 1.32 20 3 VEIN 48.70
866785 0.92 20 3 VEIN 46.80
866786 1.09 20 3 VEIN 119.50
866787 2.19 20 3 VEIN 99.00
866788 1.98 15 3 VEIN 49.30
866789 1.02 20 3 VEIN 12.35
866791 1.34 20 3 VEIN 240.00
866792 0.97 20 3 VEIN 199.50
866793 1.45 20 3 VEIN 47.60
92.58 g/t gold over 12.98m
Line 5-L28P        
866794 0.82 20 3 VEIN 100.50
866796 0.98 15 3 VEIN 84.30
866797 0.98 10 3 VEIN 19.85
866798 1.40 20 3 VEIN 106.00
79.64 g/t gold over 4.18m
Line 5-L29P        
866799 0.90 20 3 VEIN 14.05
866800 0.91 20 3 VEIN 34.30
866801 0.94 20 3 VEIN 24.90
866802 1.43 25 3 VEIN 30.00
866803 1.36 25 3 VEIN 9.65
866804 1.10 25 QFP 0.03
866806 1.12 25 QFP 0.12
866807 1.69 25 3 VEIN 9.99
14.85 g/t gold over 9.45m

Notes:

1 Rock Units legend: RHYOLITE – felsic volcanic unit; QFP – Quartz-Feldspar Porphyry of the Sturgeon River Intrusive or Pluton; SHEAR - centimeter wide parallel and perpendicular quartz veins on both sides of the No. 3 Quartz Vein in a sheared, iron carbonate and pyrite-bearing Porphyry; 3 VEIN – No 3 Quartz Vein; 3 Vein (A, B, C and D) are subparallel quartz veins.

Table 3: 2019 individual channel assay results for the No. 3 Quartz Vein North (north of the mine road). Samples taken outside and within, perpendicular to the vein. Composited intervals are highlighted in bold, followed the interval assay value over the total length.

CHANNEL NUMBERS CHANNEL SAMPLE LENGTHS (m) AZIMUTH (º) ROCK UNITS1 GOLD ASSAY RESULTS
(g/t)
Line 23-L1        
866843 1.92 300 QFP 0.01
866844 1.34 304 QFP 0.01
866846 1.18 306 QFP 0.29
866847 1.05 304 QFP 0.04
Line 23-L2        
866836 1.75 288 QFP 0.14
866837 1.66 274 QFP 0.03
866838 0.23 274 QTZ 0.04
866839 1.11 280 QFP 0.08
866840 0.87 280 QFP 0.07
866841 0.36 280 3 VEIN 25.70
866842 1.26 280 QFP 0.01
3.75 g/t gold over 2.49m
Line 23-L3        
866865 0.81 315 QUARTZ VEIN 0.01
866866 1.43 319 QFP 0.01
866867 0.79 319 QFP 0.03
866868 1.01 319 QFP 0.01
Line 23-L4        
866854 1.67 350 Mafic Dyke Tr
866856 1.51 330 QFP 0.01
866858 1.41 300 QFP 0.08
866859 1.83 317 QFP Tr
866860 0.38 293 3 VEIN 15.20
866861 1.39 304 QFP 0.06
866852 1.35 304 QFP 0.01
866862 1.57 314 QFP 0.36
866863 1.09 296 QFP 0.03
866864 0.43 265 QTZ 0.09
Line 23-L5        
866877 1.03 85 QFP 0.08
866876 0.34 85 QFP 0.06
866874 1.22 84 QFP Tr
866873 0.45 70 QFP 0.02
866872 0.94 83 QFP 0.38
866871 0.65 83 QFP 1.53
866869 0.28 83 3 VEIN 1.96
1.01 g/t gold over 1.87m
Line 23-L6        
866878 2.01 312 QFP 0.03
866879 1.08 306 QFP 0.03
866881 1.26 280 QFP 0.01
866882 1.35 280 QFP 0.06
866883 0.37 280 3 VEIN 5.26
866884 0.61 284 QFP 0.16
866885 1.31 312 QFP 0.02
866886 1.12 317 QFP 0.02
0.914 g/t gold over 2.33m
Line 23-L7        
866900 1.36 108 QFP 0.09
866899 0.62 104 QFP 0.17
866898 0.45 102 QFP 0.60
866897 0.44 102 3 VEIN 2.25
866896 0.91 102 QFP 0.03
866894 0.65 108 QFP 0.02
866893 0.65 106 QFP 0.01
866892 1.36 118 QFP 0.06
866891 0.62 114 QFP Tr
866889 1.08 94 QFP 0.09
866888 0.34 90 QFP 0.03
866887 0.67 84 QFP 0.01
Line 23-L8        
869923 0.82 97 QFP 0.03
869922 0.84 96 QFP Tr
869921 1.24 96 QFP 0.04
869920 0.58 68 3 VEIN 1.83
Line 23-L9        
869939 0.93 257 QFP 0.01
869941 1.07 253 QFP 0.03
869940 0.16 268 QFP 0.01
869942 0.83 268 QFP 0.01
Line 23-L10        
869924 0.61 250 QFP 0.02
869926 0.35 268 3 VEIN 0.20
869927 0.83 268 QFP 0.13
869928 1.38 268 QFP 0.01
869929 0.74 268 QFP 0.02
869931 0.86 271 QFP 0.01
Line 23-L11        
869938 1.52 91 QFP 0.12
869937 1.45 59 QFP 0.01
869936 1.15 73 QFP 0.01
Line 23-L12        
869934 0.81 72 QFP 0.09
869933 0.41 54 3 VEIN 0.02
869932 0.64 78 QFP 0.02
Line 23-L13        
869946 0.32 300 QFP 2.10
869947 0.25 300 3 VEIN 21.30
869948 0.35 300 QFP 0.17
869949 0.38 300 QFP 0.10
866901 0.85 320 QFP 0.01
866902 1.41 321 QFP 0.03
866903 0.38 300 QFP 0.02
866904 0.95 312 QFP 0.03
866906 0.80 316 QFP 0.04
866907 1.32 316 QFP 0.01
866908 0.95 299 QFP 0.03
866909 0.97 303 QFP 0.021
866911 0.92 303 QFP Tr
866912 1.43 284 QFP 0.04
866913 0.96 290 QFP 0.03
Line 23-L15        
866914 1.27 121 QFP 0.01
866916 0.88 122 QFP Tr
866917 0.77 122 QFP 0.02
Line 23-L16        
866932 0.48 141 QFP 0.01
866931 0.85 141 QFP 0.09
866929 1.28 136 QFP 0.02
866928 1.31 136 QFP 0.03
866927 0.25 136 QFP 0.01
866926 1.04 118 QFP 0.05
866924 1.23 137 QFP 0.22
866923 1.01 97 QFP 0.52
866922 0.27 94 3 VEIN 1.89
Line 23-L17        
866936 105 92 QFP 0.05
866937 0.81 92 QFP 0.09
866938 0.35 92 QFP 0.13
866939 0.59 92 3 VEIN 122.50
866940 0.38 97 QFP 0.10
34.00 g/t gold over 2.13m
Line 23-L18        
866941 0.74 97 QFP 0.09
866942 1.23 107 QFP 0.10
866943 0.22 103 QFP 1.06
866967 0.28 103 QFP 1.00
866944 0.38 101 3 VEIN 87.90
866945 0.87 101 QFP 0.17
866946 1.17 89 QFP 0.05
866947 1.04 91 QFP 0.01
866948 1.41 97 QFP 0.04
19.46 g/t gold over 1.75m
Line 23-L19        
866949 1.16 129 QFP 0.02
866951 1.26 99 QFP 0.01
866952 0.84 104 QFP Tr
866953 0.23 90 QFP 0.14
866954 0.36 103 QFP 0.60
866956 0.28 110 3 VEIN 94.50
866958 0.77 101 QFP 0.11
16.33 g/t gold over 1.64m
Line 23-L20
866959 1.11 123 QFP 0.17
866960 1.14 119 QFP 0.02
866961 0.30 122 3 VEIN 13.25
866962 1.46 122 QFP 0.11
866963 1.58 99 QFP 0.01
866964 1.44 99 QFP Tr
866965 1.44 119 QFP Tr
866966 1.08 119 QFP Tr
1.43 g/t gold over 2.90m
Line 23-L21        
866977 0.79 81 QFP 0.06
866976 1.28 65 QFP 0.07
866974 0.34 92 3 VEIN 199.00
866973 0.72 107 QFP 0.35
866972 1.68 101 QFP 0.02
866971 1.49 98 QFP 0.18
866970 1.24 92 QFP Tr
866969 1.61 102 QFP Tr
866968 1.34 115 QFP 0.01
12.39 g/t gold over 5.51m
Line 23-L22        
866978 1.01 110 QFP 0.04
866979 0.37 112 3 VEIN 26.60
866981 0.23 112 QFP 0.42
866982 0.32 104 3 VEIN 0.86
866983 0.96 110 QFP 0.03
3.56 g/t gold over 2.89m
Line 23-L23        
866994 0.95 126 QFP 0.02
866996 1.39 126 QFP Tr
866997 1.13 122 QFP 0.04
866998 0.92 122 QFP Tr
Line 23-L24        
866985 1.16 78 QFP 0.07
866986 1.33 78 QFP 0.06
866987 0.31 98 3 VEIN 42.70
866988 0.99 84 MAFIC DYKE 0.04
866991 1.77 84 QFP 0.15
3.55 g/t gold over 3.79m
Line 23-L25        
869915 1.00 286 QFP 0.02
869916 1.32 106 QFP 0.02
866999 1.16 106 QFP 0.01
867001 1.34 88 QFP Tr
Line 23-L26        
867004 0.79 120 QFP 0.01
867006 1.12 120 QFP 0.01
867007 1.19 107 QFP Tr
867008 1.19 103 QFP Tr
867009 1.09 120 QFP 0.01
867011 1.16 120 QFP 0.01
Line 23-L27        
867026 0.93 322 QFP Tr
867024 0.33 284 QFP Tr
867023 0.70 318 QFP 0.01
867022 0.59 289 QFP Tr
867021 0.86 279 QFP 0.01
867020 0.83 277 QFP 0.02
867019 1.23 254 QFP Tr
867018 0.71 239 QFP 0.33
867017 0.86 270 QFP Tr
Line 23-L28        
867033 0.92 124 QFP 0.03
867034 0.55 126 QFP 0.01
867036 1.18 167 QFP 0.01
867037 1.36 140 QFP Tr
867038 1.29 112 QFP Tr
867039 1.35 105 QFP 0.09

Notes:

Tr - Trace

1 Rock Units legend: RHYOLITE – felsic volcanic unit; MAFIC DYKE – cross cutting, mafic intrusive with or without feldspar phenocrysts; QFP – Quartz-Feldspar Porphyry of the Sturgeon River Intrusive or Pluton; SHEAR - centimeter wide parallel and perpendicular quartz veins on both sides of the No. 3 Quartz Vein in a sheared, iron carbonate and pyrite-bearing Porphyry; 3 VEIN – No 3 Quartz Vein; 3 Vein (A, B, C and D) are subparallel quartz veins.

Table 4: 2019 individual channel assay results for the #3 Quartz Vein North only (north of the mine road).

CHANNEL
NUMBERS
CHANNEL
SAMPLE
LENGTHS (m)
GOLD
ASSAY
RESULTS (g/t)
866841 0.36 25.70
866860 0.38 15.20
866869 0.28 1.97
866883 0.37 5.26
866897 0.44 2.25
866922 0.27 1.89
866939 0.59 122.50
866944 0.38 87.90
866953 0.46 16.75
866956 0.28 94.50
866961 0.30 13.25
866974 0.34 199.00
866979 0.37 26.60
866982 0.32 0.86
866984 0.36 161.00
866987 0.31 42.70
866992 0.20 1.89
869906 0.83 0.93
869920 0.58 1.83
869926 0.35 0.20
869933 0.41 0.02
869947 0.25 21.30

TRENCH TR19-2

Stripping of the CRK sulphide gold-silver-zinc-copper veins sector (the “CRK”) suggests a more extensive mineralization system than previously observed, combining several similar historic and previous showings, such as the “A” Zone located more than 1.4 km to the northeast, and the Tehya, Joe, Ahki, “D” and McLeod sulphide veins located 250m to 800m to the north, southwest and northeast.

The CRK likely extends for more than 2km by 400m containing massive, semi-massive and disseminated sulphide veins composed mostly sphalerite (zinc sulphide) and minor chalcopyrite (copper sulphide) and galena (lead sulphide), with gold-silver. Early very fine-grained, greyish, centimeter to metric siliceous veins can also be found criss-crossing the rhyo-dacite/dacite host, giving the rock a brecciated appearance. Also present are late intermediate to mafic porphyritic dykes, in addition to a mix of chlorite-actinolite-magnetite “shear veins”, sulphide bearing fractures, semi-massive centimeter to meter long sphalerite-rich sulphide corridors, and typical Ishkoday through going white quartz veins, such has the A-2 Quartz Vein (the “A-2”). Locally, the A-2 splits in several veins forming anastomosing patterns.

Confirming the extensions of known and new gold bearing quartz and polymetallic sulphide veins will ultimately help in completing the construction of the 2-D and 3-D geological-mineralization model (the “Model”). The Model will be provide LAURION with a solid technical base to initiate diamond drilling to prove the upside potential as part of the Stage 3 program to start later in 2019-2020. LAURION’s work continues confirming the extensive quartz and sulphide veining across the Target Area. The field portion of the Stage 2 Campaign is slated for completion at the end of Q3-2019.

SUMMARY OF 2018 SUMMER FIELD PROGRAMS  - STAGE 1 AND STAGE 2

The initial Stage 1 field validation work commenced in May 2018, focused on prospecting, geological mapping and sampling with manual stripping and channel sampling of selective historic mineralized veins and in new areas.

Of the 322 selective field grab and channel samples taken in 2018, 45 samples were anomalous in either gold, silver, copper or zinc or any combination of these elements (see the Corporation’s news release dated August 14, 2018). The majority of samples were taken in the southern claims 3km by 1km Target Area (the “Target Area”). The southern Ishkoday claims lies south of the Sturgeon River, which is considered a major fault, part of the Sturgeon River Break separating the northern and southern claims and geological domains. The Target Area consists an extensive network of NE-SW trending and extensive quartz and, locally sulphide-rich, vein systems hosting both precious and base metals mineralization.

In the Target Area, 33 assay results were greater than 0.30 g/t gold, and of these 6 assay results were greater than 18 g/t gold; all in quartz veins with the highest values located in channel samples with visible gold from the “85-A2” quartz vein yielding 40.80, 43.00 and 1,185.00 g/t gold. Two selective grab samples were not. One located in a chlorite-sericite schist with trace pyrite yielded 27.50 g/t gold; and a second, in a porphyry with 1% pyrite gave 28.40 g/t gold.

Some 10 assay results yielded greater than 12 g/t silver and 4 assay results over 34.28 g/t 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). Only 1 assay result gave greater the 1% copper in a diorite/granodiorite porphyry (1.61% copper); and 13 assay results greater than 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). Of note, these selected samples may not necessarily be representative of the mineralization hosted on Ishkoday.

The Stage 2 campaign planned on determining if most or a selective portion of the hundreds of quartz veins identified by previous workers, and subsequently by Laurion, carry gold, and if the gold mineralization is restricted to certain areas, whether high level intrusives, such as the porphyry of the Sturgeon River Mine, and/or polymetallic veins and/or structurally more deformed corridors, such as in quartz-sericite schists as identified in several outcrops of the Target Area. Two Lines were stripped in 2018 during the initial Stage 2 work: TR18-1 covering the 85-A2 gold-quartz vein system approximately 1km NE of the past producing Sturgeon River Mine’s No. 3 Quartz Vein, and TR18-2 covering the southern extension, 350m SW, of the historically mined #3 gold-quartz vein (see the Corporation’s news release dated November 13, 2018).

Of the 468 total 20cm to 2.2m channel samples taken from Line TR18-1, there were 53 gold assay results between 0.10 g/t and 1 g/t gold, and 17 above 1 g/t in the range 1.02 g/t gold over 0.2m to 27.70 g/t gold over 0.4m, with the most significant interval of 17.1 g/t gold over 1.5m. There were an additional 70 silver assays between 0.10 g/t and 1 g/t silver, and 51 above 1 g/t in the range 1.00 g/t silver over 0.3m to 11.50 g/t silver over 0.3m. Copper assays yielded 3 results between 0.10% and 1% copper; whereas there were 37 zinc assays between 0.10% and 1% zinc, and 6 above 1% zinc from 1.03% zinc over 0.6m to 3.80% zinc over 0.8m.

The geology consisted of felsic to intermediate volcanic and intrusive rocks, mostly rhyolite/dacite flows and tuffs, cut by mafic dykes.  Sulphide mineralization (pyrite, chalcopyrite and sphalerite) occurs in NE-SW trending centimeter and metric wide shear zones, in addition to sulphide–rich metric-sized veins similar to those 700m NE in the “CRK” veins sector. LAURION’s previous channel sampling work in 2014 from the “CRK” Showing, yielded typical assay results of 8m width of 1.08 g/t gold, 4.90 g/t silver, 1.11% zinc and 0.08% copper, including 5m width of 1.68 g/t gold, 7.00 g/t silver, 1.27% zinc and 0.10% copper.

The northernmost 140m of Line TR18-1 outlined 8 NE-SW trending quartz veins belonging to either the “85-A2” or the “A” vein systems. Both vein systems were historically channel sampled and assayed by Phoenix Gold (1988) as reported in 1986 Exploration Program Report, Sturgeon River Gold Mines Property, 34 pages, by L.O. Koskitalo, February 1988: the “85-A2” with 13.41 g/t gold over a 168m length and 19 cm width, including 21.92 g/t gold over a 52m length and 14 cm width, and 14.71 g/t gold over a 50m length and 23cm width; and 20.26 g/t gold with visible gold over a 20m length and 20cm width; and the “A” quartz vein system with 14.71 g/t gold over a 50m length and 23cm width (from the “A-2” Vein, 3.63 g/t gold over a 50m length and 25cm width (from the “A-5”); and 6.17 g/t gold over a 20m length and 95cm width (from the “A-4”). The quartz veins undulate and form anastomosing patterns as observed in the “85-A2” vein system, similar to other structurally hosted lode gold deposits.

LAURION’s 2018 Stage 1 program selectively grab sampled the “85-A2”, which yielded 40.80, 43.00 and 1,185.00 g/t gold, attesting to the prospectivity of the quartz veins. Current channel sampling confirmed the gold-bearing potential of the “85-A2” with a selected assay result of 18.50 g/t gold over a 20cm width.

Of the 475 total 30cm to 8.5m channel samples from line TR18-2, there were 17 gold assay results between 0.10 and 1 g/t gold, and 1 above 1 g/t at 1.29 g/t gold over 0.5m. There were 55 silver assays between 0.10 and 1 g/t silver, and 45 above 1 g/t in the range 1.10 g/t silver over 1.3m to 9.10 g/t silver over 0.7m. Only 1 anomalous copper assays 0.1% and 1% copper. There were 19 zinc assays between 0.1% and 1% zinc, and 2 above 1% zinc, 1.58% zinc over 1.0m and 2.72% zinc over 4.0m. The geology consisted of felsic to intermediate volcanic rocks (fine to coarse tuffs, rhyolite/dacite flows, and several generations of crosscutting mafic dykes). Sulphide mineralization (pyrite, chalcopyrite and sphalerite) is rare, but increases in narrow NE-SW and N trending shear zones. Two major vein sets were identified including the newly discovered 040° Bootleg quartz vein that may be the SW extension of the “85-A2” quartz vein located more than 1km to the NE.

THE M24 QUARTZ VEIN

ISHKODAY LOCATION MAP
ISHKODAY LOCATION MAP
M24 QUARTZ VEIN
LOCATION MAP 3 - M24 QUARTZ VEIN

 

Table 1: 2019 individual channel assay results ≥ 0.10 g/t gold from the M24 Quartz Vein (refer to Location Map 3). Results ≥ 1 g/t gold are in bold.

SAMPLE NUMBERS CHANNEL SAMPLE LENGTHS (m) AZIMUTH
(°)
ROCK UNITS1 ASSAY RESULTS
(gold g/t)
LINE 2        
866241 0.59 325 M24 9.63
866242 0.71 320 QFP 0.14
866243 0.85 320 QFP 0.18
LINE 4        
866254 0.20 355 M24 9.27
866256 0.23 355 M24 0.22
LINE 5        
866274 0.23 135 M24 0.62
LINE 6        
866296 0.37 325 Shear 0.28
LINE 11        
866313 0.70 140 M24 2.27
LINE 12        
866319 1.10 140 M24 0.20
LINE 14        
866338 1.25 125 M24 0.78
866339 131 130 M24 0.52
LINE 16        
866360 0.35 130 Shear 7.92
866362 0.80 120 M24 0.19
LINE 17        
866374 0.30 325 Shear 0.27
866376 0.55 325 M24 16.35
866377 1.15 310 M24 0.29
LINE 21        
866400 1.00 320 M24 2.81
LINE 22        
866402 0.62 320 M24 10.60
LINE 23        
866408 0.40 320 M24 1.13
866409 0.72 320 M24 0.10
LINE 24        
866411 0.65 310 QFP 0.51
LINE 25        
866417 0.83 140 QFP 9.99
866418 0.52 140 M24 0.15
LINE 26        
866421 0.25 335 M24 0.18
866422 1.65 350 QFP 1.87
LINE 28        
866431 0.28 20 M24-H 0.11
LINE 29        
866432 0.72 160 QFP 0.87
866437 0.82 5 M24-H 0.73
LINE 30        
866440 0.40 355 M24 0.41
LINE 31        
866443 0.29 150 M24 12.00
LINE 32        
866445 0.48 155 M24 0.15
LINE 35P2        
866448 1.12 230 M24 0.41
866449 1.26 230 M24 9.81
866451 0.88 230 M24 1.03
866453 1.24 225 M24 0.90
LINE 38P2        
866468 1.40 140 M24 0.10
866469 1.42 190 M24 0.15
LINE 39P2        
866474 1.34 245 M24 0.86
866476 1.38 235 M24 1.65
866477 1.23 160 M24 0.40
866478 0.97 160 M24 3.30
866479 1.09 250 M24 0.57
866481 0.84 250 M24 0.16
866482 0.72 250 M24 0.24
866483 1.66 180 M24 0.66
866484 1.52 250 M24 0.31
866485 1.28 190 M24 0.71
866486 1.48 240 M24 0.92
866487 0.75 220 M24 0.17
866489 1.26 220 M24 0.13
866491 0.82 220 M24 0.16
LINE 40P2        
866497 1.32 235 M24 0.24
866499 0.66 235 M24 0.17
LINE 41P2        
866262 1.21 230 M24 1.76
866263 0.97 240 M24 1.22
866264 1.03 240 M24 2.03
866265 1.21 240 M24 0.60

Notes:

1 Rock Units legend: QFP – Quartz-Feldspar Porphyry of the Sturgeon River Intrusive or Pluton; SHEAR - centimeter wide parallel and perpendicular quartz veins on both sides of the M24 in a sheared, iron carbonate and pyrite-bearing Porphyry; M24 – M24 quartz Vein; M24-H – horizontal quartz vein.

2 P – suffix added to sample Lines that are taken within and parallel to the M24 Quartz Vein, whereas other sample Lines without the suffix P are taken within and perpendicular to the M24 Quartz Vein.

Table 2: 2019 individual channel assay results from all 231 samples taken from the M24 Quartz Vein (refer to Location Map 4)for all assay results).

SAMPLE
NUMBERS
CHANNEL
SAMPLE
LENGTHS (m)
AZIMUTH
(°)
ROCK 
UNITS
ASSAY
RESULTS
(gold g/t)
LINE 1        
866233 0.93 155 QFP trace
866234 1.20 155 QFP trace
866236 0.60 145 QFP 0.05
LINE 2        
866237 1.00 325 QFP trace
866238 1.01 325 QFP trace
866239 1.41 300 QFP trace
866240 0.77 300 QFP trace
866241 0.59 325 M24 9.63
866242 0.71 320 QFP 0.14
866243 0.85 320 QFP 0.18
LINE 3        
866244 0.98 135 QFP trace
866245 0.64 140 Shear 0.01
866246 1.03 150 QFP trace
LINE 4        
866247 1.21 15 QFP trace
866248 0.92 15 Shear trace
866249 0.58 345 M24 0.01
866251 0.79 355 M24 trace
866252 1.19 330 QFP 0.01
866253 0.36 355 QFP 0.05
866254 0.20 355 M24 9.27
866256 0.23 355 M24 0.22
866258 0.97 0 QFP 0.01
866259 1.19 0 QFP trace
866260 0.92 5 QFP trace
866261 0.82 5 QFP trace
LINE 5        
866267 1.25 135 QFP trace
866268 1.00 140 QFP trace
866269 1.10 140 QFP trace
866271 0.90 140 QFP trace
866272 0.90 140 QFP trace
866273 1.15 140 QFP trace
866274 0.23 135 M24 0.62
866276 0.85 115 QFP trace
866277 0.78 115 QFP 0.01
866278 1.29 105 QFP trace
866279 1.71 115 QFP 0.02
LINE 6        
866282 1.39 290 QFP trace
866283 0.75 285 QFP trace
866284 0.91 285 QFP trace
866285 1.08 240 QFP trace
866286 1.17 340 QFP trace
866287 1.30 350 QFP trace
866288 0.81 335 QFP trace
866289 0.85 310 QFP trace
866291 0.89 310 QFP trace
866292 0.41 335 QFP 0.01
866293 0.69 335 QFP trace
866294 1.33 325 QFP trace
866296 0.37 325 Shear 0.28
LINE 7        
866297 1.24 295 QFP trace
866298 1.16 285 M24 0.06
LINE 8        
866299 1.98 140 M24 trace
866301 1.24 140 QFP trace
LINE 9        
866302 1.00 130 QFP trace
LINE 10        
866303 0.59 140 QFP trace
866304 1.08 130 QFP trace
LINE 11        
866306 0.80 145 QFP trace
866307 0.65 145 QFP trace
866308 1.50 190 QFP trace
866309 0.81 170 QFP trace
866311 0.99 170 QFP trace
866312 1.21 140 QFP trace
866313 0.70 140 M24 2.27
866314 1.12 120 QFP trace
866316 0.85 115 QFP 0.01
866317 1.01 115 QFP trace
866318 1.47 125 QFP trace
LINE 12        
866319 1.10 140 M24 0.20
866320 0.82 135 M24 0.03
866321 1.25 140 QFP 0.01
866322 1.27 130 QFP trace
866323 1.35 130 QFP trace
LINE 13        
866324 1.46 150 QFP trace
866326 1.00 140 QFP trace
866327 1.01 140 QFP trace
866328 1.50 140 QFP trace
LINE 14        
866329 1.07 340 QFP trace
866331 0.76 340 QFP trace
866332 0.72 140 QFP trace
866333 0.90 120 QFP trace
866334 0.48 155 QFP trace
866336 1.11 115 QFP trace
866337 1.27 115 QFP trace
866338 1.25 125 M24 0.78
866339 1.31 130 M24 0.52
866340 0.55 120 M24 0.03
866341 0.95 125 QFP trace
866342 1.28 140 QFP trace
866343 1.51 135 QFP trace
866344 1.34 140 QFP trace
LINE 15        
866345 1.10 325 QFP 0.01
866346 1.24 310 QFP trace
866347 0.89 135 QFP trace
866348 1.29 135 QFP trace
866349 0.93 130 QFP 0.01
866351 1.12 130 QFP trace
866352 1.18 130 QFP trace
LINE 16        
866353 0.92 120 QFP trace
866354 0.66 130 QFP trace
866356 1.22 120 QFP trace
866358 0.71 120 QFP trace
866359 1.10 135 QFP trace
866360 0.35 130 Shear 7.92
866361 0.78 120 M24 0.02
866362 0.80 120 M24 0.19
866363 0.83 350 QFP 0.01
866364 0.92 350 QFP trace
866365 1.30 310 QFP 0.01
866366 0.87 320 QFP trace
866367 0.87 320 QFP trace
LINE 17        
866368 0.92 310 QFP trace
866369 0.95 310 QFP trace
866371 1.26 325 QFP trace
866372 0.90 325 QFP trace
866373 0.57 325 QFP trace
866374 0.30 325 Shear 0.27
866376 0.55 325 M24 16.35
866377 1.15 310 M24 0.29
866378 0.84 105 QFP 0.01
866379 0.94 105 QFP 0.01
866381 0.83 105 QFP trace
LINE 18        
866382 0.96 130 QFP 0.01
866383 0.64 120 Shear 0.03
866384 1.43 140 M24 0.08
866388 1.10 135 QFP 0.02
866389 1.27 135 QFP trace
866391 0.96 135 QFP trace
866392 1.10 135 QFP trace
LINE 19        
866385 1.33 130 QFP trace
866386 0.54 130 Shear 0.01
LINE 20        
866387 1.23 140 QFP trace
LINE 21        
866393 1.08 325 QFP 0.01
866394 1.15 310 QFP trace
866396 1.35 310 QFP trace
866397 0.26 135 QFP trace
866398 0.33 135 QFP 0.03
866399 0.55 320 QFP 0.08
866400 1.00 320 M24 2.81
LINE 22        
866401 0.71 320 M24 0.02
866402 0.62 320 M24 10.60
LINE 23        
866404 1.72 305 QFP trace
866406 1.22 310 QFP 0.01
866407 0.51 320 QFP 0.01
866408 0.40 320 M24 1.13
866409 0.72 320 M24 0.10
LINE 24        
866411 0.65 310 QFP 0.51
866412 0.76 310 M24 trace
LINE 25        
866413 1.06 115 QFP trace
866414 1.05 115 QFP 0.01
866416 0.86 95 QFP 0.84
866417 0.83 140 QFP 9.99
866418 0.52 140 M24 0.15
LINE 26        
866419 0.86 345 QFP 0.01
866420 0.78 335 QFP trace
866421 0.25 335 M24 0.18
866422 1.65 350 QFP 1.87
LINE 27        
866423 0.37 340 QFP 0.01
LINE 28        
866424 1.10 120 QFP trace
866426 1.14 140 QFP trace
866427 0.77 135 QFP 0.01
866428 0.89 150 QFP 0.05
866429 0.57 25 QFP trace
866431 0.28 20 M24-H 0.11
LINE 29        
866432 0.72 160 QFP 0.87
866433 0.87 165 QFP 0.08
866434 0.77 5 QFP trace
866436 0.75 5 QFP 0.06
866437 0.82 5 M24-H 0.73
866438 0.41 340 QFP 0.01
LINE 30        
866439 1.12 355 QFP 0.01
866440 0.40 355 M24 0.41
LINE 31        
866441 0.81 135 QFP trace
866442 1.02 150 QFP 0.02
866443 0.29 150 M24 12.00
LINE 32        
866444 0.73 130 QFP 0.01
866445 0.48 155 M24 0.15
LINE 33        
866211 1.60 120 QFP trace
866212 1.37 125 QFP trace
LINE 34        
866207 0.62 120 QFP 0.01
866208 0.85 130 QFP 0.01
866209 0.98 130 QFP 0.01
LINE 35P        
866448 1.12 230 M24 0.41
866449 1.26 230 M24 9.81
866451 0.88 230 M24 1.03
866452 1.26 230 M24 0.06
866453 1.24 225 M24 0.90
LINE 36P        
866446 0.46 95 QFP trace
866447 1.36 85 QFP 0.02
LINE 37P        
866454 1.05 195 M24 trace
866456 1.20 220 M24 trace
866458 1.09 200 M24 trace
866459 0.79 200 M24 trace
866460 0.72 230 M24 0.02
866461 1.46 245 M24 0.09
866462 1.40 245 M24 0.09
866463 0.90 255 M24 trace
866464 0.86 255 M24 trace
866465 0.79 255 M24 trace
LINE 38P        
866466 1.26 220 M24 0.05
866467 1.48 250 M24 0.02
866468 1.40 235 M24 0.10
866469 1.42 190 M24 0.15
866471 1.17 215 M24 0.02
866472 0.87 260 M24 0.03
866473 0.95 220 M24 0.04
LINE 39P        
866474 1.34 245 M24 0.86
866476 1.38 235 M24 1.65
866477 1.23 160 M24 0.40
866478 0.97 160 M24 3.30
866479 1.09 250 M24 0.57
866481 0.84 250 M24 0.16
866482 0.72 250 M24 0.24
866483 1.66 180 M24 0.66
866484 1.52 250 M24 0.31
866485 1.28 190 M24 0.71
866486 1.48 240 M24 0.92
866487 0.75 220 M24 0.17
866488 0.43 220 M24 0.03
866489 1.26 220 M24 0.13
866491 0.82 220 M24 0.16
LINE 40P        
866492 1.46 220 M24 0.08
866493 1.26 220 M24 0.08
866494 1.52 230 M24 0.06
866496 1.75 230 M24 0.07
866497 1.32 235 M24 0.24
866498 0.86 235 M24 0.09
866499 0.66 235 M24 0.17
LINE 41P        
866262 1.21 230 M24 1.76
866263 0.97 240 M24 1.22
866264 1.03 240 M24 2.03
866265 1.21 240 M24 0.60

Notes:

1 Rock Units legend: QFP – Quartz-Feldspar Porphyry of the Sturgeon River Intrusive or Pluton; SHEAR - centimeter wide parallel and perpendicular quartz veins on both sides of the M24 in a sheared, iron carbonate and pyrite-bearing Porphyry; M24 – M24 quartz Vein; M24-H – horizontal quartz vein.

2 P – suffix added to sample Lines that are taken within and parallel to the M24 Quartz Vein, whereas other sample Lines without the suffix P are taken within and perpendicular to the M24 Quartz Vein.

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