Listing (TSXV = LO Frankfurt = LE2A)
ROUYN-NORANDA, QC, Feb. 27 /CNW Telbec/ - LOUNOR EXPLORATION INC. reports
five (5) additional results from its Harker gold property, located in Harker
Twp in Timmins/Kirkland Lake area (Ontario).
The Harker 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 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 the property.
The 48 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 100 metres. It is open to
the east, to the west and at depth. Results from the first 43 holes have been
released: Press releases dated February 5, 2008, April 14, 2008, April 25,
2008, May 2, 2008, May 12, 2008, July 30, 2008, August 25, 2008, January 9,
2009 and January 23, 2009, with results from the most recent holes reported
Hole No. From To Interval Gold
-------- ---- -- -------- ----
(m) (m) (m) (g/t)
Hole No. 44 180.93 181.61 0.68 1.56
Plus 11.47 meters ranging from 200 ppb to 1,000 ppb
Hole No. 45 Many low values from 200 ppb to 1,000 ppb over
Hole No. 46 179.31 180.08 0.77 4.5
Plus many low values from 200 ppb to 1,000 ppb over
Hole No. 47 Many low values from 100 ppb to 500 ppb over 9.34 meters.
Hole No. 48 Many low values from 100 ppb to 500 ppb over 15 meters.
To date, the 48 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
The success has prompted the management of the Company to continue the
diamond drilling program. One diamond drill will resume drilling on the
property to expand the gold zone to the east on 25 X 50 meter spacing.
FORWARD-LOOKING STATEMENTS: Except for statements of historical facts,
all statements in this news release, including, without limitation, statements
regarding forecasts, plans and objectives of Lounor Exploration Inc., are
forward-looking statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate; actual
results and future events could differ materially from those anticipated in
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. 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, Investor Relations,
1-888-974-1276, (514) 951-0250, email@example.com; www.lounor.com