Lounor Exploration Inc.

Published : December 01st, 2010

DRILLS 14.4 g/t Au OVER 3.21 M AT HARKER

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Keywords :   Gold Mine | Gold Mines |

 

Lounorl Expl. drills 14.4 g/t au over 3.21 m at harker

 

 

 

 

 

LOUNOR EXPLORATION INC. (TSX-V: LO - News; Frankfurt: LE2A - News) reports ad ditional 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. 85    26.54     29.75      3.21 (10.53 feet)     14.4 (0.42 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.

 

 

Lounor Exploration Inc.

EXPLORATION STAGE
CODE : LO.V
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Lounorl Expl. is a gold exploration company based in Canada.

Lounorl Expl. holds various exploration projects in Canada.

Its main exploration properties are HARKER HURD, KELLY PROJECT, LANDRIENNE and LEMOINE in Canada.

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Project news of Lounor Exploration Inc.
12/1/2010(Harker Hurd)DRILLS 14.4 g/t Au OVER 3.21 M AT HARKER
5/2/2008(Harker Hurd)DRILLS 1.72 M OF 5.8 G/T AU AT HARKER
Corporate news of Lounor Exploration Inc.
3/14/2013Grants Stock Options
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