ROUYN-NORANDA, QC, Jan. 11 /CNW Telbec/ - LOUNOR EXPLORATION INC. is
pleased to announce the acquisition of 22 Mineral Claims in Harker Township in
the Cochrane mining distinct, province of Ontario.
Lounor will pay $200,000 and issue 800,000 common shares over a
three-year period to acquire a 100% interest in the property. The sellers have
retained a 2% NSR in the property. The acquisition is subject to regulatory
The Harker property is located 5 km south of the Destor Porcupine Fault
Zone (DPFZ) host of many important gold mines including the Timmins -
Porcupine Gold camp ((greater than)65 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
A siliceous horizon striking about 070 whether it is rhyolite, silicified
basalt or silica-rich variolitic basalt is the gold prospective horizon. Au-
rich assays may be obtained, the values indicated by diamond drilling are
erratic and on average below potential ore-grade over 396 metres (1,300 feet)
Lounor plans on conducting a first phase exploration program. First phase
is designed to diamond drill the gold zone at 50 meters vertical depth over a
high grade section of the mineralized zone. The drilling program will start on
January 14, 2008.
About Lounor Exploration Inc.
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.
LOUNOR EXPLORATION INC. is a publicly traded company on the TSX-Venture
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; Leo Patry, (514) 951-0250