ROUYN-NORANDA, QC, Sept. 30 /CNW Telbec/ - LOUNOR EXPLORATION INC. reports eight additional drill holes completed 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 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 56 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 175 metres. It is open to the east, to the west and at depth. Results from the first 48 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, January 23, 2009 and February 27, 2009, with results from the most recent holes reported below.
Hole No. From To Interval Gold
-------- ---- -- -------- ----
(m) (m) (m) (g/t)
Hole No. 49 179.66 180.54 0.88 11.07
Low values of 100 ppb and more from 180.54 to 191.14
191.14 192.00 0.84 2.17
Hole No. 50 Anomalous values of 100 ppb to 500 ppb from 187.68 to 193.67
Hole No. 51 Anomalous values below 100 ppb from 169.25 to 184.83
Hole No. 52 164.20 165.20 1.0 1.13
168.63 169.36 0.73 1.2
Hole No. 53 178.44 182.35 3.91 1.2
Hole No. 54 168.94 176.64 7.7 4.6
Including 0.77 25.07
Hole No. 55 176.98 182.77 5.79 1.5
Hole No. 56 173.38 174.37 1.0 12.33
To date, the 56 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 success has prompted the management of the Company to continue the diamond drilling program. One diamond drill is actively drilling on the property to prove up the gold zone to the west and to the east on a 25 x 75 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.
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: For further information: Mr. Gilles Fiset, President, 1-800-388-8668, (819) 797-8668, Fax: (819) 797-6050, firstname.lastname@example.org; www.lounor.com; Leo Patry, Investor Relations, 1-888-974-1276, (514) 951-0250, email@example.com