Significant Drill Intercept of 2.11% Copper, 10.40% Zinc, 60.50 g/t Silver and 1.34 g/t Gold
08 September 2010 - 6:00PM
Laurion Mineral Exploration Inc. (TSX-V:LME) (Other OTC:LMEFF)
("
Laurion") is pleased to announce significant
base metal and precious metal drill results from the Sturgeon River
Property in Beardmore, Ontario. The Tehya (HWY 801) base and
precious metal zone consists of two parallel lenses of massive to
semi-massive sulphides of 0.50 m (lens 1) and 1.0 m (lens 2) widths
separated by 2.0 m of sheared and brecciated volcanics with
disseminated sulphides. Sampling conducted in June 2010 within
the Tehya massive sulphide zone, averaged
6.13% zinc, 1.40%
copper, 45.6 g/t silver, and 0.63 g/t gold. In
addition, approximately 30 metres southwest of the Tehya zone, a
quartz vein (A11 vein) returned samples of
57.2 g/t
gold and
21.1 g/t silver.
Sturgeon River Drill Highlights
Hole |
From |
To |
Width (m) |
Cu (%) |
Zn (%) |
Ag (g/t) |
Au (g/t) |
LME10-06 |
31.50 |
32.16 |
0.66 |
0.70 |
0.72 |
19.40 |
0.25 |
LME10-07 |
10.43 |
11.56 |
1.13 |
n/a |
n/a |
n/a |
2.28 |
LME10-07 |
35.50 |
39.58 |
4.08 |
0.94 |
3.91 |
27.80 |
0.45 |
including |
36.33 |
37.45 |
1.12 |
2.11 |
10.40 |
60.50 |
1.34 |
The intersection for drill hole LME10-06 is on the footwall of a
4.58 metre shear zone that was intersected 30 metres directly down
dip of the Tehya zone on surface. The copper-zinc-silver-gold
intersection for drill hole LME10-07 is approximately 50 metres
southwest along strike and 30 metres down dip of the Tehya showing.
The zones of massive sulphide are possibly VMS (volcanic massive
sulphide) related with some mobilization from nearby gold bearing
quartz veins. The gold intersection up hole in drill hole
LME10-07 is interpreted to be the down dip extension of the A-11
quartz vein sampled on surface. Based on core angle
indicators the true thicknesses of the mineralized zones are
estimated to be 85-95% of drill hole intersection widths.
"Our Sturgeon River Property continues to show encouraging
results from high grade gold quartz veins and shear hosted gold
with significant zinc, copper and silver mineralization," commented
Cynthia Le Sueur-Aquin, President and Chief Executive Officer of
Laurion Mineral Exploration Inc. "The base metal
potential adds a new dimension to the multi faceted Sturgeon River.
The Tehya zone will be a priority target for a multi-metallic
deposit with high grade gold from quartz veining."
The Tehya base metal zone appears to be one of several anomalous
zinc/copper areas, which in combination with high grade gold and
silver occurrences, is indicative of the multi faceted potential of
the Sturgeon River Property. The Corporation intends following up
with aggressive drilling and fieldwork programs.
All drill core from the 2010 first phase drill program was
logged, split and sampled at a secure core facility in Jellicoe,
Ontario. Samples were delivered by GeoVector Management Inc.
personnel to the Activation Laboratories ("Actlabs") facility in
Thunder Bay. Actlabs is an ISO/IEC 17025 accredited analytical
laboratory. Analysis was by fire assay with AA finish. Analytical
accuracy and precision are monitored at the laboratory by the
analysis of reagent blanks, reference material and replicate
samples. Quality control is further assured by the use of
international and in-house standards. GeoVector routinely inserted
blanks and certified standards into the sample stream in order to
independently assess analytical accuracy. All certified standard
assays were within acceptable limits.
The technical information contained in this news release has
been verified by Joe Campbell, P. Geo., consulting geologist with
GeoVector Management Inc. Mr Campbell is the project manager for
Laurion's Sturgeon River project and he is a Qualified Person as
defined in "National Instrument 43-101, Standards of Disclosure for
Mineral Properties."
About Laurion Mineral Exploration Inc.
Laurion's focus is to make the transition from explorer to
near-term producer. Laurion's exploration horizons are focused
primarily on gold with a secondary interest in base metals and PGEs
with key interests in prospective mining properties located in
Ontario and Nevada USA.
The Laurion Mineral Exploration Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7937
Laurion envisages the realization of shareholder value and
wealth through monetization of its discoveries and assets.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release includes certain forward-looking statements
concerning the future performance of Laurion's business, operations
and financial performance and condition, as well as management's
objectives, strategies, beliefs and intentions. Forward-looking
statements are frequently identified by such words as "may",
"will", "plan", "expect", "anticipate", "estimate", "intend" and
similar words referring to future events and results.
Forward-looking statements are based on the current opinions and
expectations of management. All forward-looking information is
inherently uncertain and subject to a variety of assumptions, risks
and uncertainties, including the speculative nature of mineral
exploration and development, fluctuating commodity prices,
competitive risks and the availability of financing, as described
in more detail in our recent securities filings available at
www.sedar.com. Actual events or results may differ materially from
those projected in the forward-looking statements and Laurion
cautions against placing undue reliance thereon. Laurion and
its management assume no obligation to revise or update these
forward-looking statements. This highest-value, lowest cost press
release is a service of So Act Network's Press Club.
www.pressclub.biz
CONTACT: Laurion Mineral Exploration Inc.
Cynthia Le Sueur-Aquin - President
1-705-788-9186
Fax: 1-705-788-9187
www.laurion.ca
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