TORONTO, Sept. 18, 2012 /CNW/ - Laurion Mineral Exploration Inc. (TSXV: LME) (OTCQX: LMEFF) ("Laurion" or the "Corporation") is very pleased to announce the drill results of four drill holes totaling 841 metres completed on the A-Zone, the northeastern strike component of the 3km long Loki trend on the Sturgeon River project in Beardmore, Ontario. The focus of this drill program was to twin and confirm values recorded for historic holes 92-64, 92-65 on the A-Zone, and to test the lateral mineralization intersected in 90-47 and down dip of mineralization intersected in 90-37. These latter two historical holes had intersected horizons sub-parallel and in the hanging wall of the A-Zone.
This drilling was designed to confirm and expand the mineralization on the various horizons, and was considered Phase 1 of multiple planned drill programs designed with the ultimate goal of developing a drill database for a NI 43-101 mineral resource compliant report. As part of this goal, Laurion has been working towards compiling a comprehensive program of in depth mapping and prospecting plus a drill database of historical and current drill holes totaling 265, within a corridor that is 1km wide and 3km long.
This corridor is composed of intermediate and felsic volcanics hosting numerous zinc dominant volcanogenic massive sulphide (VMS) horizons which are gold rich. Prospecting results of the recent field program returned grab samples up to 53.00 g/t Au, 133 g/t Ag, 1.86% Cu and 27.50% Zn (see July 18, 2012 news release).
The two drill holes, LBX12-001 and 002 on the A-Zone confirmed historical results and revealed a wide zone of anomalous gold and zone within the intermediate to felsic volcanics containing discrete zones of higher grade mineralization.
Highlights of the drill results are as follows:
Hole LBX12-001 was collared 10m west along strike of historical hole 92-65 which had intersections of 8.80m @ 1.27 g/t Au, 0.91% Zn and 9.1m @ 1.15 g/t Au and 1.44% Zn.
|LBX12-001||From (m)||To (m)||Length (m)||Au g/t||Ag g/t||Cu %||Zn %|
Hole LBX12-002 was collared 50m west of LBX12-001 and 12m west along strike of historical hole 92-64 which had intersections of 4.40m @ 4.75 g/t Au, 0.97% Zn and 4.6m @ 0.35 g/t Au and 0.41% Zn.
|LBX12-002||From (m)||To (m)||Length (m)||Au g/t||Ag g/t||Cu %||Zn %|
The next two drill holes, LBX12-003 and 004, in the program intersected mineralized horizons that appear to be sub-parallel to the main A-Zone trend, and occur 50-100m north of the A-Zone. The holes were collared between 500m and 900m west of the two holes that tested the A-Zone (LBX12-001 and 002).
Hole LBX12-003 was collared 550m west of LBX12-002 and 30m west along strike of historical hole 90-47 which had intersections of 6.92m @ 0.12 g/t Au, 5.7 g/t Ag, 0.07% Cu and 0.48% Zn and 4.28m @ 1.00 g/t Au, 9.5 g/t Ag, 0.22% Cu and 1.11% Zn. This mineralized trend is 100m north of the A-Zone.
|LBX12-003||From (m)||To (m)||Length (m)||Au g/t||Ag g/t||Cu %||Zn %|
Hole LBX12-004 was collared 350m west of LBX12-003 and 25m north (down dip) of historical hole 90-37 which had an intersection of 4.86m @ 1.31 g/t Au, 8.0 g/t Ag, 0.07% Cu and 2.72% Zn. This mineralized trend is approximately 50m north of the A-Zone.
|LBX12-004||From (m)||To (m)||Length (m)||Au g/t||Ag g/t||Cu %||Zn %|
nsv*: no significant value
"This drill program confirmed the location, grade tenor and thicknesses of the A-Zone horizon as indicated by the historical drilling. Based on its recent work Laurion now believes it has two strong trends of mineralization to carry out follow-up drilling on (Tehya/Ahki and Loki/A-Zone Trends) for developing a mineralized resource base," commented Cynthia Le Sueur-Aquin, President of Laurion.
All sampling from the 2012 prospecting program were delivered by GeoVector Management Inc. personnel to the Activation Laboratories ("Actlabs") facility in Thunder Bay and/or Geraldton. Actlabs is an ISO/IEC 17025 accredited analytical laboratory. Analysis for gold was by fire assay with AA finish, followed by fire assay with gravimetric finish for samples over 3 g/t Au. Samples were also treated with a multi-acid ICP process, and base metal values over detection limit were treated to ore grade base metal assays. Analytical accuracy and precision are monitored at the laboratory by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. GeoVector also routinely inserted blanks and certified standards into the sample stream in order to independently assess analytical accuracy. All certified standard assays were within acceptable limits.
The technical information contained in this press 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 realize 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 a key interest in a prospective mining property located in Beardmore, Ontario, Canada.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) 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