ROUYN-NORANDA, QC, Nov. 19 /
CNW Telbec/ -
Lounor Exploration Inc. reports additional drill results on the Harker Gold Property, located in Harker Twp in the Timmins/Kirkland Lake area (Ontario).
The Harker Gold Property is located 5 km south of the Destor Porcupine Fault Zone (DPFZ) host of many important gold mines in the Timmins - Porcupine Gold Mining Camp (over 70 millions ounces of gold). The Holt McDermot Mine (1.3 million ounces) and the Harker Halloway Mine (1.4 million ounces) are located on the DPFZ about 5 km north-northeast of the property.
The holes completed by Lounor to date have intersected the mineralized zones. The results of the program have proven the gold zone to be over 425 metres in strike length and to a vertical depth of 200 metres. It is open to the east, to the west and at depth.
Hole No. From To Interval Gold
(m) (m) (m) (g/t)
Hole No. 78 223.45 228.53 5.08 (16.67 feet) 0.684 (0.024 oz)
(including 2.28 m (7.48 feet) at 1.09 g/t (0.038 oz))
232.57 233.01 0.44 (1.44 feet) 2.45 (0.086 oz)
236.85 237.15 0.30 (3.22 feet) 1.96 (0.069 oz)
Hole No. 79 240.82 243.44 2.62 (8.60 feet) 0.446 (0.016 oz)
248.84 249.85 1.01 (3.31 feet) 1.01 (0.036 oz)
Hole No. 80 149.59 151.54 1.95 (6.40 feet) 0.856 (0.030 oz)
155.26 164.19 8.93 (29.30 feet) 0.340 (0.012 oz)
Hole No. 81 242.91 243.21 0.33 (1.08 feet) 1.58 (0.056 oz)
Hole No. 82 190.78 193.90 3.12 (10.24 feet) 0.849 (0.030 oz)
197.21 200.48 3.27 (10.73 feet) 2.26 (0.080 oz)
Hole No. 84 229.29 230.36 1.07 (3.51 feet) 1.49 (0.053 oz)
239.08 240.11 1.03 (3.34 feet) 2.31 (0.081 oz)
To date, the holes drilled have intersected the structure containing the mineralized zones. The continuity of the structure and the gold zones contained herein are an important feature of the mineralization in the Harker area. At depth, the gold zone enlarges significantly.
The Harker-Hurd Zone is interpreted to be an extensive zone of gold mineralization measuring at least 425 m along strike and 200 m of depth and remains open along strike to the east, the west and at depth. Mineralization, which is plunging to the east, occurs in silicified and albitized mafic volcanic rocks with approximately 5% dissemination pyrite mineralization. Gold mineralization is similar to the neighbouring Holt-McDermott Zone.
The gold mineralization at Harker-Hurd is distributed with a similar pattern to that of the Holt-McDermott gold mine where gold mineralization is found in high grade ore shoots within a broader envelop of lower grade gold mineralization that plunges to the east.
Christian Dupont, P. Eng., is the qualified person responsible of the information contained in this release.
LOUNOR EXPLORATION INC. is a publicly traded company on the TSX-Venture (TSXV-LO) and on the Frankfurt Exchange (LE2A).
This press release was prepared by Lounor Exploration Inc. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document may contain forward-looking statements relating to Lounor's operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Lounor's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Lounor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
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For further information:
M. Gilles Fiset, President
Telephone: 800-388-8668, 819-797-8668
Fax: 819-797-6050
Email: lounor@tlb.sympatico.ca
Web site:
www.lounor.com
Investor Relations: Carl Desjardins
Relations Publiques Paradox inc.
Telephone: 866-460-0408 ou 514-341-0408
Cell: 514-591-8693
Email: carldesjardins@paradox-pr.ca
Léo Patry, investor relations
Telephone: 1-888-974-1276 ou 514-951-0250
Email: leo-patry@hotmail.com
