LOUNOR DRILLS 5.92 g/t AU OVER 2.01 METERS AT HARKER

Listing (TSXV = LO Frankfurt = LE2A)

ROUYN-NORANDA, QC, May 31, 2011 /CNW Telbec/ - LOUNOR EXPLORATION INC. reports three (3) 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 95 holes completed by Lounor to date have intersected the mineralized zones. Results from three other holes are pending. The results of the program have proven the gold zone to be over 425 metres in strike length and to a vertical depth of 250 metres. It is open to the east, to the west and at depth. Three diamond drill holes drilled near the surface extended the gold zone by 50 meters toward the west.

Hole No.   From   To   Interval   Gold
    (m)   (m)   (m)   (g/t)
 
HH 91A   20.75   22.01   1.26   4.3
HH 91B   22.52   26.18   2.01   5.92
HH 92   21.73   24.61   2.88   4.72

To date, the 95 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.

The Harker-Hurd Zone is interpreted to be an extensive zone of gold mineralization measuring at least 425 m along strike and 250m 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. 

 

SOURCE LOUNOR EXPLORATION INC.

For further information:

M. Gilles Fiset, President   Investor Relations : Carl Desjardins
Telephone : 800-388-8668   Relations Publiques Paradox inc.
  819-797-8668    
Fax :   819-797-6050    Telephone : 866-460-0408 ou 514-341-0408
 
Cell : 514-591-8693
Email : lounor@tlb.sympatico.ca   Email : carldesjardins@paradox-pr.ca
Web site : www.lounor.com

 

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LOUNOR EXPLORATION INC.

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