TORONTO, Aug. 16, 2012 /CNW/ - Laurion Mineral Exploration Inc. (TSX-V: LME) and (OTCQX: LMEFF) ("Laurion" or the "Corporation") is very pleased to announce that Northstar Drilling of Thunder Bay has mobilized a drill onto the Sturgeon River property, and that drilling has commenced.
The drill program is composed of 1,200m of diamond drilling of approximately 8 to 10 holes across 500 metres of stratigraphy on the northeastern extension of the "A"-Zone on the Loki trend. The precious metal rich Volcanic Massive Sulphide ("VMS") Loki trend has a postulated 2,000m strike length.
This phase will be one of a number of drill programs which will comprise of twinning, infill and extensional exploration drilling. The goal is to bring the Loki trend to a NI 43-101 compliant resource estimate. It is expected that these drill programs will take approximately 6 to 8 months to complete.
This work will be followed with grid drilling along the Tehya-Ahki trend with sufficient drill spacing to allow this area to advance to NI 43-101 resource estimation. It is expected that this work will take 12-18 months to complete.
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 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 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, with key interests in prospective mining properties located in Ontario, Canada and Nevada, USA.
Neither the TSX Venture Exchange (the "TSX-V") nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.
This news release includes certain forward-looking statements concerning the future performance of Laurion's business, operations 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. 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 except as required by law.
SOURCE: Laurion Mineral Exploration Inc.
For further information:
Laurion Mineral Exploration Inc.
Cynthia Le Sueur-Aquin - President