record bench drill

LAURION Continues to Intersect Mineralization in the 2021 Drilling Campaign, including 0.80 g/t Au, 5.12 g/t Ag, 0.06% Cu and 1.07% Zn over 14.4 Metres

Laurion Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation"), is pleased to announce the final analytical results for the 2021 diamond drilling program on the Ishkoday Property, located 220 km northeast of Thunder Bay . The 2021 drill campaign focused on testing the strike continuity between the A-Zone and McLeod mineralized areas.

Highlights of current drill hole results include :

  • 0.80 g/t Au, 5.12 g/t Ag, 1.07% Zn over 14.40m on hole LBX21-054 between 105.2 and 119.6m .
  • 0.37 g/t Au, 3.03 g/t Ag, 0.05% Cu and 0.99% Zn over 11.0m on hole LBX21-048 between 156.0 and 167.0m .
  • The A-Zone and McLeod mineralized areas are interpreted to constitute the same mineralized system.

The 2021 drilling campaign was completed with a total of 8,930 m (initially 10,000 m were planned). Current assay results continue to confirm the presence of volcanogenic mineralization, with significant width and continuity at shallow depths (up to 150 m vertically) over the 1.4 km strike length corridor between the A-Zone and the McLeod area. Exploration hole LBX21-055 results, indicate a possible new mineralized zone to the southwest of McLoed located between the McLeod and the CRK Zones, which could signify an even greater strike length of the total mineralized system.

A plan map of the drill holes, current mineralization and interpreted zones related to both gold and polymetallic veins is presented in Figure 1 .

Diamond Drilling Results:

On September 26 th , the 2021 drill program at the Ishkoday Property was completed. All results of the last nine holes are now available with analytical results of eight (8) diamond drill holes confirming the presence of gold mineralization along strike between the A-Zone and McLeod areas.

As previously stated in press release dated September 30 th , 2021, mineralization occurs in a series of intermediate to felsic volcanic units cut by dioritic dykes. Much of the mineralization is hosted in pervasive pyrite-sphalerite-quartz-carbonate stockworks and veins, with some massive sulphide zones. Massive sulphide zones appear to be the result of remobilization and concentration at the junction of a regional orogenic shear zone and the polymetallic volcanogenic system.  It is currently interpreted that the junctions could represent possible ore shoots, containing higher grades and widths in precious and base metals. These intersections can be observed in both the A-Zone and McLeod/Pond outcrops as stated in Laurion's press release from August 10 th , 2021.

Drill hole LBX21-055 revealed a potential continuity of the mineralization at depth and to the south-west of the main A-Zone / McLeod corridor. Between 368- 376.8m (for 8.8m ), a diorite breccia with strong sericite alteration and silicification, with up to 7% chalcopyrite, 5% pyrite and 5% sphalerite were noted. This area is directly along strike to the Niish Zone and shows strong similarities to the 2020 drill hole LBX20-031, and 2021 drill holes LBX21-035 through -039 intercepts. A 3D exploration model with follow up drilling will be completed in the area to confirm potential continuity.

Between 441.1 m and 444.9 m ( 3.5 m ) in hole LBX21-055, a 30 cm wide quartz vein with fractured filled chlorite and pyrite stringer appears to lie adjacent to the McLeod quartz vein, and from 464.3 m to 472.7 m ( 8.4 m ) a strong silicified mineralized breccia, with up to 10% chalcopyrite, 2-4% pyrite and magnetite is interpreted as the A-Zone.

Table 1: Selected Best Results from Diamond Drilling Linking the Mineralized Zone Between McLeod Zone and A-Zone:

Hole ID

From (m)

To (m)

Length (m)

Au g/t

Ag g/t

Cu %

Zn %

Zone

LBX21-048

112.00

113.00

1.00

9.12

5.50




And

156.00

167.00

11.00

0.37

3.03

0.05

0.99

A-Zone

And

172.00

181.50

9.50

0.21

1.88

0.02

0.44

A-Zone

LBX21-049

167.00

196.50

29.50

0.15

2.08

0.04

0.25

A-Zone

LBX21-051

187.20

194.40

7.20

0.51

5.54

0.10

0.86

A-Zone

LBX21-054

61.30

80.80

19.50

0.28

0.96

0.01

0.24


And

105.20

119.60

14.40

0.80

5.12

0.06

1.07

A-Zone

LBX21-055

368.00

376.80

8.80

0.31

8.43

0.28

0.30

New Zone?

And

441.40

444.90

3.50

0.53




McLeod Vein

And

464.30

472.70

8.40

0.17

12.87

0.51

0.24

A-Zone?

Note: At this time the true width of the mineralized interval is unknown. Hole LBX21-050 was stopped before getting to the
main corridor due a rod jam.

Since the discovery of the McLeod Zone, there has been very little exploration conducted in the swamp area between both the interpreted similar McLeod Zone and the A-Zone.

Based on LAURION's recent exploration results, the sector between the A-Zone and McLeod was prioritized for the second phase of the 2021 drilling campaign. Results from holes LBX21-045 through LBX21-054 helped in confirming the continuity along strike between both areas. These results combined with the discovery of two historical trenches south-west of McLeod Zone indicate that the polymetallic mineralized system remains open in all directions.

Table 2: Drill hole coordinates for drill holes LBX21-048 to -055.

Hole ID

Azimuth

Dip

Length
(m)

Easting

Northing

Elevation
(m)

LBX21-048

108

-50

200

446335.5

5512791.1

322.0

LBX21-049

108

-50

245

446299.8

5512821.4

323.0

LBX21-050

108

-65

193

446299.4

5512821.6

323.0

LBX21-051

90

-50

275

446299.8

5512822.1

323.1

LBX21-052

108

-50

202

446265.9

5512647.1

323.4

LBX21-053

108

-50

160

446331.5

5512653.4

323.3

LBX21-054

108

-65

202

446331.8

5512653.4

323.4

LBX21-055

90

-50

654

445727.0

5512340.0

323.0

QAQC

All core samples have been assayed by ALS Laboratories in Thunder Bay, Ontario . Samples are processed by 4-acid digestion with ICP-AES finish for base metals and analyzed by fire assay on 50 g pulps with ICP-AES finish. Over limit analyses are reprocessed with gravimetric finish. A total of 5% blanks and 5% standard are inserted randomly within all samples. The sample pulps from five percent of the best assays will be submitted for re-analysis. No issue have been noted in the QAQC results from this batch of results.

Qualified Person

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements and has been reviewed and approved by Jean Philippe Paiement , PGeo., MSc., a consultant to LAURION, and a "qualified person" within the meaning of National Instrument 43-101.

About LAURION

The Corporation is a junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 242,565,353 outstanding shares of which approximately 81% are owned and controlled by Insiders who are eligible investors under the "Friends and Family" categories.

LAURION's emphasis is on the development of its flagship project, the 100% owned mid-stage 47 km 2 Ishkoday Project, and its gold-silver and gold-rich polymetallic mineralization with a significant upside potential. The mineralization on Ishkoday is open at depth beyond the current core-drilling limit of -200 m from surface, based on the historical mining to a -685 m depth, in the past producing Sturgeon River Mine. The Brenbar Property, acquired in 2020, is contiguous with the Ishkoday Property, and hosts the historic Brenbar Mine. LAURION believes the mineralization to be a direct extension of mineralization from the Ishkoday Property.

Website: https://www.laurion.ca

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events, including with respect to LAURION's business, operations and condition, and management's objectives, strategies, beliefs and intentions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation's publicly filed documents. Investors should consult the Corporation's ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation's public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

SOURCE Laurion Mineral Exploration Inc.

Cision View original content: https://www.newswire.ca/en/releases/archive/November2021/17/c3612.html

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B2Gold Releases its Ninth Annual Responsible Mining Report and its Fourth Annual Climate Strategy Report

B2Gold Releases its Ninth Annual Responsible Mining Report and its Fourth Annual Climate Strategy Report

B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold" or the "Company") is pleased to announce that it has published its ninth annual Responsible Mining Report entitled "Raising the Bar" (the "Report"), which details B2Gold's global economic contributions and its environmental, social, and governance ("ESG") management practices, together with the Company's performance against key indicators in 2024. Highlights of the Report are presented below, and full details are outlined in the Report, which is available to view or download at the link provided below. All dollar figures are in United States dollars unless otherwise indicated.

B2Gold is also pleased to announce that it has published its 2024 Climate Strategy Update. The Climate Strategy Update presents stakeholders with information on how B2Gold manages its climate-related risks and impacts and is the Company's fourth annual report in line with the recommendations of the Task Force on Climate-related Financial Disclosures.

To view or download a copy of the Responsible Mining Report and Climate Strategy Update, and all other documents referred to in this press release, please visit www.b2gold.com/sustainability/esg-reporting-portal

In announcing the release of the Report and the Climate Strategy Update, Clive Johnson, President & CEO of B2Gold, states "As I reflect on the achievements and challenges of the past year, I am particularly proud of the dedication of our people, who continue to drive B2Gold forward. We have successfully navigated dynamic capital markets, regulatory changes, and evolving ESG expectations while maintaining our high standards of responsible mining. Together, we strive to continue to create long-term value for all of our stakeholders, while upholding the level of operational excellence, environmental stewardship, and social responsibility that define B2Gold."

Highlights from the 2024 "Raising the Bar" Responsible Mining Report

Economic Contribution

As a responsible gold miner, B2Gold aims to create and distribute economic value among its stakeholders. B2Gold's economic performance is measured by the economic value that it generates for others, including payments to governments through taxes and royalties, local hiring and procurement and investment in communities. In 2024, B2Gold:

  • Achieved total consolidated gold production of 804,778 ounces (including 19,644 ounces of attributable production from Calibre Mining Corp.);

  • Generated $1.9 billion in annual revenue;

  • Paid $283 million in employee wages and benefits;

  • Invested $12.8 million in its local communities 1 ; and

  • Paid $564 million to governments (through taxes and royalties).

B2Gold is committed to maximizing local and national economic benefits from its contracting and purchasing. The Company is conscious of the high priority that host communities and governments place on local procurement. In sourcing the goods and services necessary to run its operations, B2Gold gives preference to local businesses where possible, provided they meet minimum safety, quality, ethical, and cost requirements. In 2024, over $600 million of goods and services were procured from local and host-country businesses. Several 2024 success stories are outlined in the Report.

People

As a reputable corporate citizen, B2Gold generates national employment and opportunities for people to develop their careers, trains employees to acquire new skills, and opens doors to women, under-represented groups and previously disadvantaged people. The Company fosters positive and productive engagement with employees, provides safe workplaces, and believes that investing in people attracts and retains talented individuals and assists in their abilities to provide for themselves, their families and their futures.

At the end of 2024, B2Gold employed 6,478 2 people across all operations. The Company continues to maintain high local employment rates by targeting recruitment efforts at regional and national levels. Across all operations, 97% of the total workforce, and 58% of Senior Management 3 were comprised of national 4 employees.

B2Gold values a diverse workforce. In recent years, the Company has made significant strides in advancing its Equity, Diversity and Inclusion initiatives. In 2021, the adoption of a Diversity Policy by the Company's Board established a target of 30% female representation on the Board and in management-level positions, underscoring its commitment to promoting and achieving gender diversity at all levels of the organization. B2Gold is pleased to report that as of the end of 2024, 40% of Company directors identify as gender diverse.

Health and Safety

As a result of B2Gold's focus on injury prevention, the Company is once again pleased to report that for the ninth consecutive year, it has maintained a zero-fatality workplace. Additionally, B2Gold's injury rates remain amongst the lowest in the mining industry, with a Lost Time Injury Frequency Rate of 0.05 5 in 2024. These achievements underscore the Company's position as a leader in safety performance within the industry.

Communities

B2Gold maintains its social licence to operate by building trust-based relationships, actively engaging with stakeholders, and implementing community investment activities based on local ownership and development priorities. Highlights of the 2024 community investment programs include:

  • At the Fekola Complex, the 70-hectare Goungoubato Agricultural Project is supporting over 250 households affected by resettlement, directly addressing food insecurity whilst fostering small- and medium-sized enterprise growth through newly formed farmers' associations. Additionally, B2Gold continued its partnership with Global Affairs Canada and its support of the FEMA Project, which aims to improve conditions for women and children living in artisanal mining communities within the Fekola Mine's area of influence. The FEMA Project was initiated in March 2022 and will continue until 2027.

  • At the Masbate Gold Project, investment continued to focus on education, access to health services and facilities, and programs that enhance local economic opportunities, including skills training and small enterprise support. The Training for Employment Program reached its fifth year of partnership in 2024 and remains a powerful driver of economic mobility by equipping individuals with the skills and training needed to build sustainable livelihoods. Over the lifetime of the project, 1,521 individuals have received training and over 600 participants have secured employment.

  • At the Otjikoto Mine, B2Gold Namibia achieved significant milestones that reflect the Company's commitment to meeting critical needs, supporting long-term development, and fostering resilience beyond the life of the mine. Notable achievements include the completion of the Ombili Clinic, which will improve access to healthcare in the region, and the Otavi Water Project, which enhances water security through the construction of a tower and water distribution system.

  • At the Back River Gold District, B2Gold Nunavut continues to strengthen its close relationships with the Kitikmeot Inuit Association and communities across Canada's Arctic. The Company is investing in collaborative projects throughout the Kitikmeot region that promote community wellness, support youth through sports, recreation, and education, and advance initiatives focused on women and Elders. A standout initiative is the Inuit Workplace Experience Program, delivered in partnership with the Redfish Arts Society, which provides Kitikmeot Inuit youth with hands-on training in welding and fabrication—equipping them with valuable skills for employment in Nunavut's growing mineral development sector. B2Gold Nunavut remains committed to working alongside the Kitikmeot Inuit Association to advance further initiatives that ensure the benefits of the Back River Gold District reach the communities of Cambridge Bay, Kugluktuk, Gjoa Haven, Taloyoak, and Kugaaruk.

Environment

B2Gold's remains firmly committed to reducing greenhouse gas ("GHG") emissions, with a target to reduce Scope 1 and 2 emissions by 30% by 2030 against a 2021 baseline. The completion of the Fekola solar plant expansion in early 2025 underscores this commitment by advancing the decarbonization of operations through innovative and sustainable energy solutions. The expanded Fekola facility is expected to supply approximately 30% of the site's electricity demand and reduce annual emissions by an estimated 63,000 tonnes of carbon dioxide equivalent (CO 2 e).

Approach to Reporting

B2Gold is committed to the transparency of its sustainability risks, management and performance. The Report is aligned with the Global Reporting Initiative Sustainability Reporting Standards and the Sustainability Accounting Standards Board Mining and Metals Sustainability Accounting Standard . The Company firmly believes that the mining industry has an opportunity to contribute positively to the United Nations Sustainable Development Goals and it has reported its contribution in this regard since 2018.

Highlights from the 2024 Climate Strategy Update

2024 Highlights

  • B2Gold is committed to a GHG emissions reduction target of a 30% reduction in Scope 1 and 2 emissions by 2030 against a 2021 baseline.

  • The Company continued evaluation of financial impacts of key climate risks identified at sites during previous climate scenario analysis workshops.

  • The total Scope 1 and 2 GHG emissions (for the Fekola, Masbate and Otjikoto operations) remained relatively stable in 2024, with a slight decrease to an estimated 699 thousand tonnes CO 2 e compared to 701 thousand tonnes in 2023. The Company's consolidated GHG emissions intensity was 0.89 tonnes CO 2 e per gold ounce produced in 2024 (compared with 0.71 in 2023), a modest increase driven in part by a reduction in total gold production.

  • The proportion of electricity consumed at B2Gold operations from renewable sources was 21.7% in 2024. At Otjikoto, the proportion of electricity consumed from renewable sources was over 70%.

Looking Forward – 2025 and Beyond

In 2025, B2Gold looks forward to strengthening its global partnerships and deepening its commitment to the diverse communities in which it operates. The Company will continue investing in initiatives that expand vocational training and promote job creation, improve access to education, and enhance healthcare services. B2Gold believes that by building local capacity and fostering strong alignment among governments, communities, stakeholders, and the Company, it can help create resilient, healthy, and prosperous communities throughout the mining lifecycle.

As part of its climate strategy, B2Gold will continue to advance renewable energy initiatives across its operations, supporting its target to reduce Scope 1 and 2 GHG emissions by 30% by 2030 against a 2021 baseline. At the Masbate Gold Project, an 8.2-megawatt ("MW") solar plant is scheduled for installation in 2025, which will further reduce emissions and heavy fuel oil ("HFO") consumption. In Nunavut, following regulatory approvals received in 2024, B2Gold is finalizing project plans and environmental commitments for the proposed Back River Energy Centre—a renewable energy facility that could include up to thirteen wind turbines, solar panels, and battery storage, with the potential to deliver more than 55 MW of clean energy. This facility is expected to significantly reduce reliance on HFO, as well as the number of fuel barges and fuel truck trips along the winter ice road.

Beyond increasing the share of renewable energy in its operations, B2Gold is actively assessing a range of additional carbon reduction opportunities, including energy efficiency improvements, the use of alternative fuels, and optimization of materials movement. The Company remains committed to innovation by working closely with industry-leading partners and staying prepared to adopt emerging technologies that align with its decarbonization goals.

About B2Gold

B2Gold is a responsible international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Mali, Namibia and the Philippines, the Goose Project under construction in northern Canada and numerous development and exploration projects in various countries including Mali, Colombia and Finland.

ON BEHALF OF B2Gold Corp.

"Clive T. Johnson"
President and Chief Executive Officer

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MOISTURE 16.20%
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