TORONTO, Nov. 14, 2011 /CNW/ - Laurion Mineral Exploration Inc. (TSX-V: LME) (OTCQX: LMEFF) ("Laurion" or the "Corporation") is pleased to announce that Major Drilling of Salt Lake City, Utah
have mobilized their drill onto the Bell Mountain property, and that
drilling has commenced.
The drill program is composed of 1,219.2m (4,000ft.) of reverse
circulation drilling ("RC"). Approximately 823m (2,700ft.) will be
completed on the Sphinx Zone. Historic sampling indicates that the
Sphinx Zone is approximately 300m (1,000ft.) along strike and up to 24m
(75ft.) in maximum width. The Sphinx Zone dips approximately 60 degrees
to the south-west and thus drilling could contribute significantly to
the resource totals. The remaining RC drill holes will be on the
west-facing slope of the Varga Zone.
The Bell Mountain is a gold/silver project located in the south-eastern
part of Churchill County in west-central Nevada (USA). The Property is
located approximately 82 road kilometres south-east of Fallon and 102
air kilometres south-east of Reno, Nevada.
The technical information contained in this news release has been
verified by Dana Durgin (MSc, P. Geo), consulting geologist with and
project manager for Laurion's Bell Mountain project and is a Qualified
Person as defined in "National Instrument 43-101, Standards of
Disclosure for Mineral Properties."
About Laurion Mineral Exploration Inc.
The Corporation's focus is to make the transition from explorer to
near-term 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 and Churchill County,
The Corporation has an option to acquire a 100% interest in the Bell
Mountain Gold Project with Globex Mining Enterprises Inc. (TSE: GMX,
(G1M-Frankfurt)) ("Globex") of Rouyn-Noranda, Quebec.
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. Such statements include, but are
not limited to, statements concerning the Bell Mountain Property as
described above. 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.
SOURCE Laurion Mineral Exploration Inc.
For further information:
Laurion Mineral Exploration Inc.
Cynthia Le Sueur-Aquin - President