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).

LAURION met its objective of the Stage 2 Exploration Program, by completing mechanized outcrop stripping, power washing, channel sampling and geological mapping of the 7 outcrops.

These new selected grab samples were taken by LAURION’s geologists at the end of the Stage 2 field campaign after the demobilization of the field crews in areas that had not been sampled during the 2019 program to validate the historical sampling of the M25 and Marge Quartz Veins segments.

Assay results continue to confirm the high potential of the quartz, Oxide-Sulphide and Sulphide Veins at Ishkoday with high-grade gold, silver and zinc values.

Figure 1. Location Map of the Ishkoday Project.
Figure 2. Location Map of the Stripped Areas (TR18-1, 2 and 3; and TR19-1 to 5) from the Ishkoday Project.
Figure 3. Location Map Showing the M25 (TR19-5) and Marge (TR19-3) Stripped Area Segments.

 The above is selected  grab sample assay. Results for gold of the target area from the 2019 Stage 2 Exploration Campaign on the Ishkoday Project. Background image taken from the​​ 1st Derivative Magnetic Drone Survey Completed in August 2019.

Click on the following link for an expanded view of Figure 3 - /_resources/General%20Images/Figure%207%20-%20Marge%20Grab%20Samples%202019%20Au%2025%2011%202019.jpg

Figure 4. Location Map Showing Selected Grab Samples
​​​​​​ 

 Assay results for silver of the target area. Refer to figure 3 for more details.

Click on the following link for an expanded view of Figure 4 - http://laurion.ca/investors/image-gallery/#&gid=1&pid=26

Figure 5. Location Map Showing Selected Grab Samples Assay Results for Zinc of the Target Area.

 Refer to Figure 3 for more Details.

Click on the following link for an expanded view of Figure 5 - http://laurion.ca/investors/image-gallery/#&gid=1&pid=27

Figure 6. Map of the M25 Quartz Vein (TR19-5) Stripped Area Segment Showing.

Selected Grab Samples Gold Assay Results from the 2019 Stage 2 Exploration Campaign at the Ishkoday Project. 

Click on the following link for an expanded view of Figure 6 - http://laurion.ca/investors/image-gallery/#&gid=1&pid=28

Figure 7. Map of the Marge Quartz Vein ​​​Stripped Area Segment Showing.

Selected Grab Samples Assay Results from the 2019 Stage 2 Exploration Campaign at the Ishkoday Project. 

 

Click on the following link for an expanded view of Figure 7 - http://laurion.ca/investors/image-gallery/#&gid=1&pid=29

Table 2: All selected grab samples assay results for gold, silver and zinc from the 2019 Stage 2 Campaign at the Ishkoday Project.

SELECTED GRAB SAMPLE NUMBER UTM COORDINATES

NAD 83

ZONE 16

ROCK TYPES GOLD

g/t

SILVER

g/t

ZINC

%

COPPER

%

LEAD

%

EASTING NORTHING
M25, M21, 85-1 NE EXTENSIONS
864393 443978 5511551 QV 0.92 3.50 trace trace trace
864406 443787 5511411 QV 0.09 1.00 0.02 trace trace
864407 443787 5511411 QV 0.03 1.80 trace trace trace
864422 443702 5510961 QV 0.05 0.60 0.01 trace trace
864436 444100 5511568 QV 0.39 0.50 0.01 0.01 trace
864437 443951 5511382 QV 0.02 3.60 0.02 0.06 trace
864438 443921 5511346 QV 0.02 0.25 trace trace trace
864439 443888 5511260 QV 0.61 3.60 trace 0.01 trace
864440 443883 5511220 QV 1.45 0.70 trace trace trace
864441 443697 5510954 QV 0.04 0.50 trace trace trace
864442 443858 5511152 QV 24.50 1.60 trace 0.12 trace
864443 443758 5511043 QV 1.03 7.70 trace trace trace
864444 443678 5510925 QV 0.03 0.25 trace trace trace
864445 443667 5510918 QV trace 0.25 trace trace trace
864446 443682 5510936 QV trace 0.25 trace trace trace
864447 443776 5511085 QV 0.10 12.60 0.61 0.03 0.28
864448 443820 5511112 QV 0.10 0.25 trace trace trace
CRK ZONE
864397 446127 5512188 N/A 1.05 1.80 0.03 0.03 0.01
864471 446142 5511990 DIO 0.06 0.50 0.01 0.01 trace
864472 445778 5512061 MAGSV 6.63 21.50 0.09 0.43 0.04
864473 446217 5511888 DIO 0.02 0.25 0.01 0.01 trace
864474 446124 5512007 DIO 0.04 0.25 0.01 trace trace
864476 446233 5511901 DIO 0.01 0.25 0.01 0.01 trace
864477 446198 5511929 DIO trace 0.25 trace trace trace
864478 446126 5512004 DIO 0.01 0.25 0.01 trace trace
864582 445741 5512154 MAGSV 0.15 4.40 1.00 0.05 trace
864583 445740 5512155 MAGSV 0.59 3.60 0.39 0.08 0.01
864584 445779 5512119 QV, SV 1.71 4.80 0.12 0.05 0.01
864585 445780 5512136 QV, SV 0.87 5.80 2.06 0.12 0.01
864586 445876 5512225 QV, SV 4.67 2.80 0.02 0.03 0.01
864587 445866 5512215 QV, SV 2.39 1.00 0.01 0.06 trace
864588 445886 5512172 QV, SV 0.04 0.60 0.01 0.02 trace
869974 445631 5512121 N/A 0.38 3.90 0.73 0.13 0.01
869976 445629 5512122 SV 0.58 5.10 2.33 0.14 0.01
869977 445637 5512144 SV 9.56 11.70 2.98 0.16 trace
869978 445627 5512118 N/A 0.62 8.30 0.73 0.06 0.01
869979 445626 5512116 SV 0.20 3.90 2.22 0.07 0.01
869981 445627 5512107 SV 0.24 8.20 2.28 0.15 0.02
869982 445628 5512104 DIO 0.01 0.25 0.05 trace trace
869983 445625 5512100 DIO 0.01 0.25 0.03 0.01 trace
869984 445627 5512096 MAGSV 0.17 3.10 2.66 0.06 trace
869985 445625 5512088 DIO trace 1.10 0.03 trace trace
869986 445626 5512088 DIO trace 0.25 0.07 0.01 trace
869987 445636 5512073 N/A 0.42 0.70 0.04 0.01 trace
869988 445632 5512065 DIO 0.04 0.50 0.13 0.01 trace
869989 445634 5512063 MAGSV 3.16 7.90 2.77 0.05 trace
869991 445636 5512063 MAGSV 0.82 3.10 4.88 0.07 0.02
869992 445633 5512063 MAGSV 0.35 1.50 2.09 0.02 0.01
869993 445632 5512064 MAGSV 3.40 8.10 1.39 0.03 0.01
869994 445623 5512058 SV 1.07 21.40 30.00 0.61 0.04
869996 445634 5512043 MAGSV 1.48 6.50 0.83 0.26 0.02
PROSPECTING
864392 442502 5510389 QV 7.78 1.70 trace trace 0.01
864404 442455 5510969 DIO 0.01 0.80 0.02 0.01 0.01
864412 444984 5511684 QV 29.70 2.00 0.02 0.01 trace
864413 444835 5511612 QV 0.77 2.00 0.02 0.01 trace
864414 445021 5511715 SV 0.52 49.10 4.17 1.68 0.05
864415 445021 5511715 SV 0.12 23.70 1.71 0.54 0.01
864416 444553 5511726 QV 0.02 1.80 0.06 0.03 trace
864417 444820 5511501 DIO 0.12 0.25 0.05 0.01 trace
864418 444820 5511501 QV 0.81 0.80 0.01 trace trace
864419 444821 5511503 DIO 0.06 0.25 0.01 trace trace
864420 444825 5511511 QV 0.08 1.00 trace trace trace
864421 444768 5511496 N/A 0.28 0.80 trace 0.01 trace
864423 444575 5512210 N/A 0.31 0.90 trace trace trace
864424 444498 5512080 DIO 0.13 4.20 trace 0.47 trace
864426 444650 5512069 DIO trace 0.70 0.01 trace trace
864523 444924 5519082 N/A 0.03 0.25 trace trace trace
864589 445727 5511705 N/A 2.17 3.30 0.02 0.02 0.01
864591 445692 5511671 N/A 0.47 0.25 trace trace trace
864592 445705 5511663 N/A 0.14 0.90 0.05 0.01 0.01
864593 445723 5511660 N/A 0.41 0.60 trace trace trace
864596 445671 5511592 N/A 0.32 0.70 trace trace trace
864597 445704 5511546 N/A 0.58 0.25 trace trace trace
864598 445705 5511543 N/A 0.52 0.60 trace 0.01 trace
864599 445536 5511757 N/A 0.08 0.90 0.05 0.02 trace
864600 445534 5511756 QV 0.06 2.00 0.02 0.02 trace
M25 QUARTZ VEIN
864389 443532 5510969 QV 1.19 0.60 0.01 trace trace
864391 443538 5510973 DIO 0.02 0.25 0.01 trace trace
864428 443439 5510976 QV 0.02 2.40 trace trace trace
864429 443439 5510977 QV 0.04 1.20 trace trace trace
864431 443438 5510976 DIO 0.01 0.50 trace 0.01 trace
864449 443476 5510836 DIO trace 0.50 0.02 trace trace
864451 443473 5510834 QV 0.04 3.30 0.11 0.10 0.01
864452 443481 5510871 QV 0.63 0.70 trace trace trace
864453 443488 5510876 QV 0.45 4.30 0.01 0.01 trace
864454 443494 5510880 QV 0.19 1.40 0.01 0.01 trace
864456 443500 5510883 QV 2.04 10.30 0.04 0.01 trace
864458 443516 5510891 QV 50.60 140.00 0.15 0.10 0.02
864459 443524 5510898 QV 0.37 1.50 trace 0.01 trace
864460 443531 5510902 QV 10.85 25.70 0.01 0.01 trace
864461 443541 5510909 QV 0.28 3.20 trace trace trace
864462 443554 5510916 QV 58.10 17.10 trace trace trace
864463 443564 5510921 QV 0.48 7.30 trace trace trace
864464 443579 5510931 QV 0.64 10.70 trace trace trace
864465 443585 5510936 QV 2.98 7.20 trace trace trace
864466 443598 5510949 QV 0.28 3.90 trace trace trace
864467 443610 5510960 QV 0.73 4.20 trace trace trace
864468 443614 5510966 QV 0.73 4.50 trace trace trace
864469 443619 5510973 QV 4.42 5.50 trace trace trace
864479 443631 5510985 QV 9.14 9.50 trace trace trace
864481 443636 5510993 QV 2.65 14.70 trace trace trace
864482 443640 5510998 QV 1.53 1.80 trace trace trace
864483 443645 5511005 QV 12.35 6.70 trace trace trace
864484 443719 5511116 DIO 0.01 0.25 0.02 0.01 trace
864485 443702 5511085 QV 0.01 0.50 0.01 0.01 trace
864486 443699 5511082 QV 0.02 0.25 0.01 0.01 trace
864487 443695 5511076 QV 0.44 9.20 trace trace trace
864488 443690 5511077 DIO 0.32 0.50 0.02 trace trace
864489 443686 5511072 QV 0.03 0.70 0.01 trace trace
864491 443689 5511065 QV 2.96 7.30 trace 0.01 trace
864492 443680 5511061 QV 11.50 8.10 0.01 trace trace
864493 443677 5511045 QV 0.23 14.20 trace trace trace
864494 443666 5511041 QV 3.08 3.20 trace trace trace
864496 443650 5511001 QV 0.13 1.80 trace 0.01 trace
864497 443645 5511008 QV 0.17 0.80 trace trace trace
MARGE QUARTZ VEIN
864394 444260 5511804 QV 0.07 0.25 0.01 trace trace
864395 444338 5511828 QV trace 0.25 trace trace trace
864396 444338 5511828 QV trace 0.25 trace trace trace
864498 444100 5511761 DIO trace 0.25 trace trace trace
864499 444124 5511744 DIO trace 0.25 trace trace trace
864527 444034 5511832 DIO trace 0.50 0.05 trace trace
864528 444040 5511827 DIO 0.31 0.25 0.02 trace trace
864529 444070 5511807 DIO 0.05 0.25 trace 0.01 trace
864531 444074 5511803 DIO 0.35 1.70 0.02 0.03 trace
864532 444100 5511764 DIO trace 0.25 0.01 trace trace
864533 444117 5511725 QV trace 0.25 0.01 trace trace
864534 444124 5511714 DIO 0.06 0.25 0.01 trace trace
864536 444131 5511699 DIO 0.16 20.50 0.16 0.60 trace
864537 444142 5511693 DIO 0.01 0.25 0.01 trace trace
864538 444142 5511736 QV 0.01 0.25 trace 0.01 trace
864539 444136 5511742 DIO 0.19 0.25 0.01 0.01 trace
864540 444148 5511738 QV 0.01 0.25 0.02 0.04 trace
864541 444154 5511740 QV 0.01 0.25 0.01 trace trace
864542 444159 5511741 QV 0.10 0.50 0.02 0.14 trace
864543 444164 5511742 QV 0.20 1.70 0.01 0.22 trace
864544 444173 5511745 QV 0.03 1.30 0.03 0.01 trace
864545 444179 5511751 DIO 0.08 2.20 0.03 0.07 trace
864546 444187 5511768 DIO 0.08 0.25 0.02 trace trace
864547 444189 5511773 DIO 0.03 0.25 0.03 0.01 trace
864548 444196 5511782 DIO 0.60 1.20 0.01 0.01 trace
864549 444185 5511744 QV 22.40 4.10 trace trace trace
864551 444197 5511755 QV 0.02 0.90 0.08 0.01 trace
864552 444203 5511760 QV 0.55 0.25 0.01 trace trace
864553 444207 5511764 QV 0.24 0.25 0.01 trace trace
864554 444254 5511760 QV 3.69 1.40 0.01 trace trace
864556 444238 5511786 QV 0.14 0.70 0.03 trace trace
864558 444244 5511788 QV 0.02 0.25 0.03 0.01 trace
864559 444249 5511793 QV 21.40 3.50 0.01 0.01 trace
864560 444254 5511797 QV 0.21 16.00 0.03 0.35 trace
864561 444262 5511805 QV 0.08 0.25 0.03 0.01 trace
864562 444236 5511823 DIO 0.03 0.25 0.03 trace trace
864563 444231 5511838 QV 0.46 0.25 0.02 trace trace
864564 444233 5511842 QV 0.26 0.25 0.02 trace trace
864565 444214 5511837 QV 0.03 0.25 0.03 0.01 trace
864566 444225 5511847 QV 19.25 7.40 0.02 0.01 trace
864567 444227 5511850 QV 0.01 0.25 0.02 trace trace
864568 444241 5511853 QV 9.61 1.90 0.02 trace trace
864569 444244 5511858 QV 0.50 12.50 0.02 0.03 trace
864571 444266 5511884 QV 0.07 4.70 0.14 0.11 trace
864572 444263 5511878 QV 22.90 3.80 0.01 trace trace
864573 444270 5511891 QV 71.10 15.60 0.01 0.01 trace
864574 444277 5511903 QV 3.41 2.10 0.02 0.02 trace
864576 444281 5511918 QV 0.07 0.60 0.02 trace trace
864577 444280 5511913 QV 0.06 1.20 0.97 0.01 0.08
864578 444280 5511911 QV 0.01 0.25 0.06 trace 0.01
864579 444281 5511921 QV 0.05 0.25 0.04 trace trace
864581 444266 5511882 QV 0.32 0.25 0.03 trace trace
NORTH RIVER ZONE
864432 446186 5513512 QV trace 0.50 0.01 trace trace
864433 446192 5513522 QV 0.01 0.50 0.01 0.02 trace
864434 446175 5513494 QV trace 0.25 trace trace trace
864508 444863 5512989 DIO 0.01 0.25 trace trace trace
864509 444862 5512993 DIO 0.02 0.25 trace trace trace
864511 444865 5512999 QV 3.91 7.50 trace trace 0.03
864512 444868 5512986 QV 2.15 1.60 trace trace trace
864513 444871 5512993 QV 1.44 0.25 trace trace trace
864514 444871 5512993 DIO 0.11 0.80 trace trace trace
864516 444867 5512993 QV 32.10 6.80 trace trace trace
864517 444868 5513000 QV 4.13 0.60 0.01 trace trace
864518 444885 5513014 N/A 0.41 0.25 trace trace trace
864519 444883 5513022 N/A 0.48 0.25 trace trace trace
864520 444920 5513072 N/A 0.58 0.60 trace trace trace
864521 444918 5513077 QV 5.25 1.10 0.01 trace trace
864522 444927 5513091 DIO trace 0.25 trace trace trace
864524 446018 5513795 SV 0.36 37.60 0.01 1.52 trace
864526 446213 5514257 DIO 0.01 0.70 0.02 0.01 0.01
CRK ZONE WEST
864398 446323 5512469 SV 1.79 24.20 9.84 0.16 0.72
864399 446323 5512469 SV 2.57 55.40 3.26 0.35 0.61
864400 446496 5512467 N/A 0.01 0.80 0.02 0.01 0.01
864401 446625 5513077 QV 2.15 35.50 0.05 0.64 0.15
864402 445646 5512572 QV 0.01 0.50 0.02 trace trace
864408 446813 5513302 N/A 1.65 26.30 0.37 0.22 0.03
864409 446739 5513215 QV 2.15 5.80 0.16 0.02 0.05
864411 446417 5513071 QV 1.10 564.00 3.58 1.69 0.07

Notes:  Legend: DIO – Diorite; QV – Quartz Vein; SV – Sulphide Vein; MAGSV – Magnetite-Actinolite-Chlorite-Monazite Sulphide (“Oxide-Sulphide”) Vein;

N/A – Rock Type not assigned.

 

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