Laurion Commences Drill Program on High Priority Targets on the Asha and Tehya Zones at the Sturgeon River Property, Beardmore,
06 Luglio 2011 - 5:00PM
Marketwired
Laurion Mineral Exploration Inc. (TSX VENTURE: LME)(OTCQX: LMEFF)
("Laurion") is pleased to announce the commencement of an eight
hole drill program on its Sturgeon River Property, Beardmore,
Ontario. Six drill holes are planned to intersect strong targets
recently defined in an induced polarization ("IP") survey carried
out by Quantec Geoscience on the Asha Zone in March 2011. Two drill
holes will examine the extent of the previously drilled Tehya zone
at depth and along the 800 meter strike length between LME10-07 and
LME11-17.
Asha Zone
Results from the IP survey on the Asha Zone located south of the
Sturgeon River Mine area, indicated multiple strong chargeability
anomalies, assumed to be associated with sulphides. A total of 92
samples were collected in September 2010 in a comprehensive
prospecting program conducted over the Asha Zone, which resulted in
gold values as high as 9.87 g/t gold and 136 g/t silver. Higher
assay values were clustered along an east-northeast trend over an
1,800 metre strike length. The Asha Zone is adjacent to an 800
metre VLF EM anomaly that has no outcropping areas.
Highlights from the Asha Zone September 2010 sampling program
included:
9.87 g/t gold with 136 g/t silver
8.04 g/t gold with 59 g/t silver
3.71 g/t gold with 9 g/t silver
2.49 g/t gold
2.04 g/t gold
1.51% zinc
10 additional samples grading between 0.5 g/t and 2 g/t gold
Tehya Zone
Two of the drill holes from this program, which will examine the
extent of the Tehya zone at depth and one drill hole is to be
located on the 800 metre strike between drill hole LME10-07 and
drill hole LME11-017. In the event the Tehya mineralization is
identified to have continuity in this round of drilling, the
opportunity may exist to develop of a resource in this zone. 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 Tehya base metal zone was drilled in the summer of 2010 and
reported 0.45 g/t Au, 27.80 g/t Ag, 0.94% Cu and 3.91% Zn over 4.08
metres in drill hole LME10-07 within two parallel lenses of massive
to semi-massive sulphides within sheared and brecciated volcanics.
Drill hole LME11-017 was drilled before the spring break-up
approximately 800 metres along strike of the "Tehya Extension"
LME10-07 hole. The Tehya zone was successfully intersected
approximately 30 metres vertically below surface and the assays
from LME11-017 reported 0.10 g/t Au, 10.1 g/t Ag, 0.11% Cu and
2.85% Zn over 5.85 metres, including 0.05 g/t Au, 14.9 g/t Ag,
0.21% Cu and 9.79% Zn over 1.30 metres.
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 Minerals Exploration Inc.
The Corporation's focus is to make the transition in the
near-term from explorer to producer and envisages the realization
of shareholder value and wealth through monetization of its
discoveries and assets. 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, Canada and Nevada, USA.
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. Such statements
include, but are not limited to, statements concerning the approval
of Laurion's application to trade its common shares over the
facilities of the OTCQX and the commencement of such trading.
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.
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.
Contacts: Laurion Mineral Exploration Inc. Cynthia Le
Sueur-Aquin President 1-888-212-4070 or 1-705-788-9186
1-705-788-9187 (FAX) Laurion Mineral Exploration Inc. Karen Doxsee
Vice President, Corporate Communications 1-888-212-4070 or
1-705-788-9186 1-705-788-9187 (FAX) www.laurion.ca
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