Laurion Commences Drilling on Sturgeon River Property, Beardmore, Ontario
2010年6月14日 - 10:00PM
Marketwired
Laurion Mineral Exploration Inc. (TSX VENTURE: LME) ("Laurion") is
pleased to announce that Laurion has contracted Cobra Diamond
Drilling of Thunder Bay to commence with the first phase of a drill
program on the Sturgeon River Property ("Sturgeon River") in the
Beardmore-Geraldton area. The drill program on the Marge Vein, Zinc
Zone and A6 Vein commenced on June 11, 2010.
To view a map indicating the proposed locations of the drill
program on Sturgeon River Property, please visit the following
link:
http://media3.marketwire.com/docs/sturgeon_river_property_jun_14.pdf
Outline of the Drill Program
The first phase of the Sturgeon River drill program will
comprise nine drill holes which will target the following:
1. Five drill holes to intersect a high grade portion of the Marge vein
near the 2008 channel sampling area with one drill hole planned to
intersect the Marge Vein and the adjacent F-Vein. Drilling of the Marge
vein is geared to defining a Sturgeon River style gold deposit. Sampling
of the Marge vein will focus on investigating the extent and grade of
adjacent host rock mineralization. In 2008, Laurion stripped and channel
sampled a 47m length of the Marge vein and collected 34 channel samples
across the width of the vein, approximately 1.5m apart, for the entire
exposed area. (See press release dated October 14, 2008.) These samples
averaged 16.97 g/t gold over an average width of 0.47m, confirming the
historical grade for this vein. Of further importance, Laurion collected
six samples of host rock next to the Marge vein which ranged up to 1.06
g/t gold and averaged 0.40 g/t gold, indicating the potential for the
host rock between veins to carry gold grade. This is important as there
are reports of at least ten other veins sub-parallel or obliquely
crossing the Marge vein, creating the opportunity for wider zones of
mineralization. Recent sampling of the Marge vein host rock
(granodiorite) by GeoVector (two samples) averaged 0.26 g/t gold,
supporting the historic reports of anomalous host rock.
2. Two drill holes are planned at the Zinc Zone which is a base metal
occurrence situated in volcanics located approximately 1 km northeast of
the Sturgeon Mine. GeoVector Management Inc ("GeoVector") recently re-
sampled this zone and discovered two parallel lenses of massive to semi-
massive sulphides of 0.50 m (lens 1) and 1.0m (lens 2) widths separated
by 2.0m of sheared and brecciated volcanics with disseminated sulphides.
These lenses averaged 6.13% zinc, 1.40% copper, 45.6 g/t silver and 0.63
g/t gold need to know number of samples or reference previous press
release. The zones of massive sulphide are possibly VMS related. A
quartz vein located approximately 30m southwest and possibly on strike
with the massive sulphide zone sampled by GeoVector returned 57.2 g/t
gold and 21.1 g/t silver.
3. Two holes are planned on the A-6 Vein approximately 1.5km northeast of
the Sturgeon Mine where a series of veins has been exposed over a strike
length of approximately 75m. Historical reports completed by Phoenix
Gold Mines Ltd. in 1984 stated that the veins were wider than other
veins on the property and indicated that the A6 vein assayed 0.24 oz/ton
(8.23 g/t) gold over an average width of 2.5ft (0.76m) with an exposed
strike length of 134ft (41m). Written reports indicated significant
copper and zinc mineralization in the A-6 vein. Recent field work by
GeoVector showed that the A-6 vein did indeed have visible coarse-
grained chalcopyrite and sphalerite, and three grab samples averaged
4.08 g/t gold, 8.6 g/t silver, 0.37% copper and 4.69% zinc, thus
confirming the historical reports.
The work programs at the Sturgeon River property are designed
and managed by GeoVector Management Inc. The technical information
contained in this news release has been verified by Joseph
Campbell, P. Geo., President of GeoVector, who is a Qualified
Person as defined in "National Instrument 43-101, Standards of
Disclosure for Mineral Properties."
About Laurion Mineral Exploration Inc.
Laurion is an exploration company with key interests in
prospective mining properties located in Ontario. Laurion's primary
exploration focus is the identification of gold deposits; its
exploration horizon also encompasses base metals and PGEs.
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. Laurion and its
management assume no obligation to revise or update these
forward-looking statements.
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.
Contacts: Laurion Mineral Exploration Inc. Cynthia Le
Sueur-Aquin President 1-705-788-9186 1-705-788-9187 (FAX)
www.laurion.ca
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