Laurion Samples 65.7 g/t Au at Sturgeon River Property



    
    Issued and Outstanding Common Shares
    LME - 66,043,683
    

    TORONTO, Oct. 14 /CNW/ - Laurion Mineral Exploration Inc. (TSXV: LME)
("Laurion") today announced the assays results of its Sturgeon River Property
("SRP") channel sampling program comprised of 50 channel samples.

    
    Highlights of the Sturgeon River Summer Program:

    -   Visible gold associated with sulphides
    -   Gold mineralization throughout the veins
    -   65.73 g/t Au (2.31 oz/t) over a channel width of 1.50 m from the
        Marge vein
    -   23.567 g/t Au (0.69 oz/t) over a channel length of 0.10 m from the
        85A-2B vein
    -   52.50 g/t Au (1.53 oz/t) over a channel length of 0.20 m from the
        3 vein
    -   Channel samples completed at 1 m intervals where possible over a
        strike of length of 50 m on the Marge Vein.

    SRP Notes from previous announcements:

    -   Grab sample No. 439013 193.5 g/t Au (5.65oz/t) taken from outcropping
        of various quartz veins on the Property
    -   Grab sample No. 439002 0.22 g/t Au, 9.1% Cu, 18.6% Zn, 62.1g Ag/t
        taken from a historical sulphide showing hosted within the mafic
        volcanics
    -   Completion of a National Instrument 43-101 Technical Report.
    

    At the northwest portion of SRP is the Marge Vein that steeply trends
northwesterly over an identified strike length of approximately 365 m. The SRP
is located in the Beardmore-Geraldton greenstone belt that has reportedly
produced more than 4.12 million ounces of gold from 19 mines since 1925 when
gold was first discovered in the area. The SRP has potential to host several
deposit types including Archean shear zone hosted lode gold and volcanogenic
massive sulphides (Cu-Zn-Pb-Au-Ag). The SRP is reported to host more than
120 veins, many of which host significant gold mineralization in multiple
parallel structures. Notable base metal values are also present within the
felsic volcanics. Many of these quartz vein structures remain open in the
area, yet to be explored.
    The significance of Laurion's findings to date lies in the nature of the
mineralization in the local geological environment. In the Red Lake, Kirkland
Lake and Beardmore-Geraldton gold camps, quartz vein structures are similar on
surface, in both width and grade, to those identified to date on the SRP, as
well as the mineralization reportedly found on neighbouring properties of
Kodiak Exploration Limited's "Hercules" (TSXV: KXL) and Sage Gold Inc.'s
"Jacobus" (TSXV: SGX).
    Results of the Sturgeon River channel sampling program shown in the table
below:

    
    -------------------------------------------------------------------------
                                   Sample         Au g/t
    Sample No.        Vein         Length (m)      (ppm)             Au oz/t
    -------------------------------------------------------------------------
    263901            Marge         0.50           0.043              0.001
    -------------------------------------------------------------------------
    263902            Marge         0.25          58.767              1.714
    -------------------------------------------------------------------------
    263903            Marge         0.50           1.062              0.031
    -------------------------------------------------------------------------
    263904            Marge         0.70           6.679              0.195
    -------------------------------------------------------------------------
    263905            Marge         0.30           0.285              0.008
    -------------------------------------------------------------------------
    263906            Marge         0.30          12.623              0.368
    -------------------------------------------------------------------------
    263907            Marge         0.30          14.373              0.419
    -------------------------------------------------------------------------
    263908            Marge         1.20           6.893              0.201
    -------------------------------------------------------------------------
    263909            Marge         0.40          14.853              0.433
    -------------------------------------------------------------------------
    263911            Marge         0.30           9.619              0.281
    -------------------------------------------------------------------------
    263912            Marge         0.70           0.305              0.009
    -------------------------------------------------------------------------
    263913            Marge         0.50          65.733              2.318
    -------------------------------------------------------------------------
    263914            Marge         0.30           0.597              0.017
    -------------------------------------------------------------------------
    263915            Marge         0.50          55.116              1.608
    -------------------------------------------------------------------------
    263916            Marge         0.35          23.433              0.684
    -------------------------------------------------------------------------
    263917            Marge         0.30          21.686              0.633
    -------------------------------------------------------------------------
    263918            Marge         0.20           1.169              0.034
    -------------------------------------------------------------------------
    263919            Marge         0.30          29.146               0.85
    -------------------------------------------------------------------------
    263921            Marge         0.35          56.865              1.659
    -------------------------------------------------------------------------
    263922            Marge         0.30          33.185              0.968
    -------------------------------------------------------------------------
    263923            Marge         0.30          30.706              0.896
    -------------------------------------------------------------------------
    263924            Marge         0.35           1.001              0.029
    -------------------------------------------------------------------------
    263925            Marge         0.30            0.02  (less than) 0.001
    -------------------------------------------------------------------------
    263926            Marge         0.50          31.689              0.924
    -------------------------------------------------------------------------
    263927            Marge         0.25           8.851              0.258
    -------------------------------------------------------------------------
    263928            Marge         0.25          11.324               0.33
    -------------------------------------------------------------------------
    263929            Marge         0.45          10.058              0.293
    -------------------------------------------------------------------------
    263931            Marge         0.70          29.708              0.867
    -------------------------------------------------------------------------
    263932            Marge         0.50           8.638              0.252
    -------------------------------------------------------------------------
    263933            Marge         0.90           5.642              0.165
    -------------------------------------------------------------------------
    263934            Marge         0.50           1.256              0.037
    -------------------------------------------------------------------------
    263935            Marge         0.45          11.346              0.331
    -------------------------------------------------------------------------
    263936            Marge         0.75          23.534              0.687
    -------------------------------------------------------------------------
    263937            Marge         1.00           6.536              0.191
    -------------------------------------------------------------------------
    263938            Marge         0.65           6.431              0.188
    -------------------------------------------------------------------------
    263939            Marge         0.70            1.02               0.03
    -------------------------------------------------------------------------
    263941            Marge         0.30           0.239              0.007
    -------------------------------------------------------------------------
    263942            Marge         0.20           0.223              0.006
    -------------------------------------------------------------------------
    263943            Marge         0.50           6.229              0.182
    -------------------------------------------------------------------------
    263944            Marge         0.30          20.731              0.605
    -------------------------------------------------------------------------
    263945            85A-2B        0.10           9.016              0.263
    -------------------------------------------------------------------------
    263946            85A-2B        0.08          17.254              0.503
    -------------------------------------------------------------------------
    263947            85A-2B        0.10          23.566              0.688
    -------------------------------------------------------------------------
    263948            85A-2B        0.20           5.393              0.157
    -------------------------------------------------------------------------
    263949            85A-2B        0.12           2.143              0.063
    -------------------------------------------------------------------------
    263950            85A-2B        0.10           1.609              0.047
    -------------------------------------------------------------------------
    263952              3           0.20           27.56              0.804
    -------------------------------------------------------------------------
    263953              3           0.25          21.683              0.633
    -------------------------------------------------------------------------
    263954              3           0.20          52.502              1.532
    -------------------------------------------------------------------------
    263955              3           0.25          12.351               0.36
    -------------------------------------------------------------------------
    

    The SRP is located 10 km southwest of Kodiak Exploration's Hercules
Property. Shallow drilling on the Hercules' Kodiak Golden Mile has confirmed
that the high grade gold mineralization exposed on surface remains open at
depth as well as along strike. The Sage Gold Jacobus property lies along
strike 5 km directly to the northwest from Hercules. Sage Gold recently
reported its channel sampling results which returned values of up to 136.5 g/t
Au (3.98 oz/t) over a channel length of 0.5 m on Jacobus (See press release
September 2, 2008).
    As previously announced, a National Instrument 43-101 Technical Report
was completed in June 2008 for the SRP by Caracle Creek International
Consulting Inc. ("CCIC") of Sudbury, Ontario that concluded the SRP "is an
excellent early-stage advanced exploration project for Archean gold
mineralization and further that the previously encountered mineralization and
historical reserves are of sufficient merit to justify further exploration" to
define resources. The SRP produced 73,439 ounces of gold, and 15,922 ounces of
silver between 1936 and 1942 from the Sturgeon River Mine, previously known as
the Coniagas Mine.
    The report titled "Independent Technical Report, Sturgeon River Mine
Property, Beardmore, Ontario, Canada" can be viewed at www.sedar.com.

    Channel Sample QA/QC Procedures

    Channel samples were cut using a gas-powered diamond blade saw to a
minimum depth of 10 cm, and an average width of 5 cm perpendicular to the
strike of the vein and/or shear zone. Samples were obtained from both the vein
material and from the hanging and footwall material as separate individual
samples. Samples were removed using a chisel and hammer, and placed into
labeled sample bags. Sample spacing averaged one metre intervals along strike,
dependent upon outcrop exposure.
    Samples were delivered to Accurassay Laboratories in Thunder Bay,
Ontario. Analyses for gold were done using a fire assay lead collection with
an AA finish. Laurion employs a strict quality control program consisting of
inserting standards and blanks for each batch of samples. Should any of the
standards fall outside the warning limits (+/- 2 standard deviations);
reassays will be performed on 10% of the samples analyzed in the same batch
and the reassay values are compared with the original values. If the values
from the reassays match original assays the data is certified, if they do not
match the entire batch is reassayed. Should any of the standard fall outside
the control limit (+/- 3SD) all assay values are rejected and all of the
samples in that batch will be reassayed. Check assays of the channel sampling
program on samples 263910, 263920, 263930, 263940, and 263951 were also
submitted to ALS Chemex. Additional check assays were subsequently selected
over a range of values to confirm the results. These check assay results are
pending.
    Joerg Kleinboeck, P.Geo., consulting geologist with Caracle Creek
International Consulting Inc. (CCIC), is the project manager and is also the
Company's Qualified Person as defined by National Instrument 43-101. Mr.
Kleinboeck has reviewed and approved the scientific and technical content of
this release.

    Laurion Mineral Exploration Inc. is an early stage exploration specialist
company with projects in Ontario. Laurion's exploration horizons encompass not
only gold, but also base metals and PGE's.

    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.
    Neither Laurion nor its management assumes any obligation to revise or
update these forward-looking statements.

    
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    





For further information:

For further information: Laurion Mineral Exploration Inc., Cynthia Le
Sueur-Aquin - President, Tel: (705) 788-9186, Fax: (705) 788-9187, Website:
www.laurion.ca; CHF Investor Relations, Jacqueline Wagenaar - Account Manager,
Email: jacqueline@chfir.com, Tel: (416) 868-1079 x 289, Website:
www.chfir.com; Sasha Abrams - Associate Account Manager, Email:
sasha@chfir.com, Tel: (416) 868-1079 x 246, Website: www.chfir.com

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