Listing (TSXV = LO Frankfurt = LE2A)
ROUYN-NORANDA, QC, June 15 /CNW Telbec/ - LOUNOR EXPLORATION INC. is
pleased to announce the acquisition of a total of 30 Mineral Claims in
Brassani Township in the Val-d'Or mining distinct, province of Québec.
To acquire this gold property, Lounor has entered into two different
Lounor will pay $10,000 and issue 250,000 common shares at the signature
to acquire a 100% interest in 20 mining claims. The Optionors have retained a
2% NSR in the property. The acquisition is subject to regulatory approval.
Lounor will pay $15,000 for a geological study and issue 100,000 common
shares at the signature to acquire a 100% interest in 10 mining claims. The
Optionors have retained a 2% NSR in the property. The acquisition is subject
to regulatory approval.
The property is located to the east of recent high grade gold discoveries
made in the Barry-Urban district. Mineralization in the district is of the
form of shear zone related quartz-carbonate veins, spatially related to
magnetite, pyrite, carbonate, biotite and albite alteration. Diagnos Inc. has
produced a study which has determined targets that highlight the property for
potential gold mineralization.
Significant Input anomalies have been observed to lie in the center of
the acquired property and the type of response obtained is often associated
with large sulphide lenses, rather than graphite horizons. The property has
never been drilled and only geophysical surveys (VLS) have been done.
About Lounor Exploration
Lounor Exploration Inc. is a Canadian-based natural resources company
with mineral holdings in Ontario and Quebec and is currently focused on
exploration in the Abitibi Greenstone Belt. The belt is found in both
provinces of Ontario and Quebec with approximately 33% in Ontario and 67% in
Quebec. The Belt has produced in excess of 180,000,000 ounces of gold,
450,000,000 tonnes of base metal ore over the last 100 years. The Company is
headquartered in Quebec.
Chris Dupont P.Eng is the qualified person responsible for 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. and the TSX
Venture has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
For further information:
For further information: Mr. Gilles Fiset, President, 1-800-388-8668,
(819) 797-8668, Fax: (819) 797-6050, email@example.com; Leo Patry,
Investor Relations, 1-888-974-1276, (514) 951-0250, firstname.lastname@example.org;