TORONTO, March 21, 2012 /CNW/ - Laurion Mineral Exploration Inc. (TSX-V: LME) and (OTCQX: LMEFF) ("Laurion" or the "Corporation"), is pleased to announce that it has retained First Canadian Capital Corp. ("First Canadian") as a consultant to provide strategic marketing and investor relations services.
First Canadian will introduce the Corporation to private investors, analysts, brokers, money managers and other financial professionals, and will generate market awareness for both the Bell Mountain and Sturgeon River projects, as well as the commencement of Laurion's drill program comprised of twinning, infill and extensional exploration drilling in the Beaurox A-Zone. Drilling will be carried out with the goal of bringing the Sturgeon River/Beaurox A-Zone Target Deposit of 4.0 to 6.0 million tonnes of 1.5 to 3.0 g/t gold, 20 to 30 g/t silver, 2.5 to 3.5% zinc, and 0.25 to 0.50% copper to a NI 43-101 compliant resource estimate, based on its own and the historical drilling information which suggests a combined strike length of 6,000 metres for three zones of sulphides. It is expected that this program will take approximately six months to complete. This work will be followed with grid drilling along the Tehya-Ahki zone with sufficient drill spacing to allow this area to advance to NI 43-101 resource estimation.
The reader should be cautioned that the potential quantities and grades reflected above are conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource.
Under the terms of the agreement with First Canadian (the "Agreement"), Laurion will pay First Canadian $6,000 per month for a twelve month initial term (with a right of termination by either party after six months) and grant 400,000 stock options for a period of one year at an exercise price of $0.10 per share, with vesting in accordance with the Agreement, TSX Venture Exchange policies and the company's stock option plan. Kindly note that the Agreement and related stock option issuance remain subject to the approval of the TSX Venture Exchange.
Cynthia Le Sueur-Aquin, President and CEO of Laurion commented, "We are pleased to retain First Canadian, an IR firm with a very successful track record in providing investor relations services to emerging small-cap and mid-tier companies in Canada. We look forward to having our story better articulated to a wider audience, in order to increase awareness and exposure to financial markets. In particular, we wish to highlight Laurion's undervalued quality assets and significant growth potential on both the Sturgeon River and Bell Mountain projects. First Canadian was chosen based on their professional standards and track record of successfully assisting other resource companies with effective investor relation plans and strategies."
About First Canadian Capital Corp.www.firstcanadiancapital.com:
Based in Toronto and in the investor relations business for thirteen years, First Canadian Capital Corp. has assisted numerous North American corporations in gaining exposure and recognition within the global investment community and specializing in providing investor relations services to emerging small-cap and mid-tier companies. FCCC's core competencies are found in identifying quality assets and undervalued companies with high growth potential and providing effective investor relations and market awareness services to these companies. FCCC is proud to have had two clients win the PDAC Prospector of the Year Award.
First Canadian Capital Corp.
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 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 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.
For further information:
Laurion Mineral Exploration Inc.
Cynthia Le Sueur-Aquin - President