Laurion Announces Aggressive Drill Program on Bell Mountain Gold Project, Nevada
2010年8月24日 - 10:00PM
Marketwired
Laurion Mineral Exploration Inc. (TSX VENTURE: LME) ("Laurion")
announced the commencement of an aggressive drill program on the
Bell Mountain gold project located in Churchill County, Nevada.
"This drill program is designed to expand and confirm the
resource on two zones that have the best potential to significantly
increase gold-silver resources to generate a NI 43-101 compliant
resource estimate prior to year end. The majority of the drilling
will be completed on the bulk of the known resource in the Varga
zone with additional drilling planned on the Spurr zone located
west of the Varga." announced Laurion's President and CEO, Cynthia
Le Sueur-Aquin.
The reverse circulation ("RC") drill program of 11,600 ft.,
involves drilling 52 holes ranging from 100 ft. to 350 ft. in
depth. A comprehensive historical resource (non NI 43-101
compliant) of 2.1 Mt @ 1.3 g/t gold and 37.6 g/t silver was defined
by N.A. Degerstrom ("Degerstrom") in 1992 on the Varga and Spurr
zones. Degerstrom completed a detailed feasibility study and
permitted for production, the design and construction of three open
pits and heap leaching and processing facilities. Falling metals
prices caused Degerstrom to shelve the project.
Note: The historical estimate above should not be relied upon. A
qualified person has not done sufficient work to classify the
historical estimates as current mineral resources or reserves and
the Company is not treating the historical estimates as current
mineral resources or reserves.
A careful review of existing drilling data on the Varga reveals
that the zone is open to depth and along strike to the east and
west. The drill holes are sited to test the apparent extensions of
known mineralization both along strike and to greater depths. It is
likely that the previously designed Degerstrom Varga pit can be
extended from 60 to 100 ft. deeper in the center and to similar
depths to the east and west, below existing drilling, over the 800
ft. strike length of the pit. Additionally it is expected that the
drilling program will extend the mineable mineralization to at
least 160 ft. to the east of the pit. The western portion of the
Varga vein system, above the Varga adit, was not included in the
original Degerstrom pit plan. Assay results from sampling of the
vein in the adit and on surface and from six scattered Degerstrom
drill holes suggest that systematic drilling will demonstrate that
this 650 ft of strike length may be added to the resource.
The Spurr zone located 650 ft. west of the Varga adit has a
known mineralized strike length of 850 ft. This Spurr zone was
drilled on a sufficiently close spacing for resource estimation and
was included in Degerstrom's mining plan. The body of
mineralization remains open with depth. Twelve holes have been
planned with the objective of testing the extension of
mineralization for another 100 ft. down dip. Two additional holes
are planned to test an apparent mineralized, but not previously
drilled vein segment located between the Spurr and Varga zones. A
total of 3,150 ft of drilling is required to complete the Spurr
drilling program.
Dana Durgin (MSc, P.Geo), Laurion's Exploration Manager, is the
Qualified Person responsible for the scientific and technical work
(as defined under National Instrument 43-101) discussed in this
press release, and has reviewed this press release.
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
Nevada USA.
The Corporation has an option to acquire a 100% interest in the
Bell Mountain Gold Project with Globex Mining Enterprises Inc. (TSX
VENTURE: GMX)(FRANKFURT: G1M) ("Globex") of Rouyn-Noranda,
Quebec.
Laurion is well-funded to complete the next phases of drilling
and exploration work on the Bell Mountain and Sturgeon River
Project, to successfully advance these projects moving the
Corporation closer to being a near-term producer.
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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