Listing (TSXV = LO Frankfurt = LE2A)
ROUYN-NORANDA, QC, Jan. 9 /CNW Telbec/ - LOUNOR EXPLORATION INC. reports
two 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 43 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 22 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 and August 25, 2008, with
results from the most recent holes reported below. Results from another 21
holes are pending.
Hole No. From To Interval Gold
-------- ---- -- -------- ----
(m) (m) (m) (ft) (g/t) (oz/t)
Hole No. 21 Zone 1 75.73 77.95 2.22 7.28 2.01 0.061
Zone 2 78.94 79.90 0.96 3.14 5.62 0.164
Zone 3 84.11 85.32 1.26 4.14 3.63 0.105
Hole No. 22 Zone 1 75.34 76.80 1.49 5.00 1.11 0.032
Zone 2 78.28 79.80 1.52 5.00 2.30 0.067
To date, the 43 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 is actively drilling on the
property since July 25 to prove the gold zone to the west and east on 25 meter
spacing. Channel sampling of the surface exposure of the vein is completed and
has been evaluated.
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: 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, firstname.lastname@example.org; www.lounor.com