Laurion Announces Drill Results on the Marge Vein, Sturgeon River, Beardmore, ON
2010年9月1日 - 12:07AM
Marketwired
Laurion Mineral Exploration Inc. (TSX VENTURE: LME)(OTCBB: LMEFF)
("Laurion") announces the drill results from the Marge Vein,
Sturgeon River Property, Beardmore, Ontario.
"Drilling of the Marge vein is geared to defining a Sturgeon
River style gold deposit. The Marge vein is outcropping on surface
and thus is available for quick mine development. There is great
potential for wider zones of mineralization as there are 10 other
veins subparallel or obliquely crossing the Marge vein and, the
adjacent host rock is mineralized," reported Cynthia Le
Sueur-Aquin, Laurion's President and CEO.
Highlights of Marge Vein
1. Five holes were drilled in June 2010 over a 150 m strike length of the
Marge vein and were designed to intersect an area of the vein that had
indications of high grade gold from historical trenching and channel
sampling.
2. Drill Hole LME10-01 reported a high grade gold intercept of 20.20 g/t
over 0.36 m on Marge Vein.
3. Drill Hole LME10-03 reported 1.30 g/t Au over 0.23 m from 24.08-24.31 m,
contained within a 7.5 m shear zones which returned 0.18g/t Au over 7.5
m.
4. Drill Hole LME10-04 reported 0.65 g/t Au over 1.00 m from 22.00-23.00 m
(Marge Vein) and a second zone of 0.63 g/t Au over 1.00 m from 43.50-
44.50 m (Sulphide Zone).
5. Drill Hole LME10-05 reported 3.34 g/t Au over 1.03 m from 48.47-49.50 m
(Marge Vein). This intersection has a lower grade halo mineralization,
averaging 1.03 g/t Au over 3.78 m. LME10-05 also contained a second zone
of gold mineralization grading 0.49 g/t Au over 3.00 m from 22.00-25.00
m (Shear Zone).
6. 155 m of Marge vein is exposed by trenching and has been channel
sampled. Accumulated channel samples averaged 25 g/t gold over an
average of 0.36 m of vein width (1984).
7. 47 m of the Marge vein was exposed by trenching in 2008 and achieved an
average grade of 17 g/t over 0.47 m in channel sampling.
8. Drill results from LME10-01 and channel sample results confirm the
historical high grade for this vein.
The Marge vein is contained within a sheared diorite and hosted
minor pyrite. The drill holes were designed to intersect the vein
at right angles. The Marge vein contacts were normal to core axis
and is believed to be true thickness. The Marge vein the drilling
width ranged from 10 cm to 45 cm and the altered sheared wallrock
extended for a few meters on both the footwall and hangingwall
contacts of the vein.
In 2008, Laurion collected six samples of host rock adjacent 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 subparallel 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. Comprehensive sampling of
the wallrock could indicate a better overall grade over a mining
width.
The entire drill core from the 2010 first phase drill program
was logged, split and sampled at a secure core facility in
Jellicoe, Ontario. Samples were delivered by GeoVector personnel to
the Activation Laboratories ("Actlabs") facility in Thunder Bay.
Actlabs is an ISO/IEC 17025 accredited analytical laboratory.
Analysis was by fire assay with AA finish. 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 routinely inserted blanks and certified
standards into the sample stream in order to independently assess
analytical accuracy.
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 he is a Qualified Person as
defined in "National Instrument 43-101, Standards of Disclosure for
Mineral Properties."
About Laurion Mineral Exploration Inc.
Laurion's focus is to make the transition from explorer to
near-term producer. 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 Churchill County, Nevada USA.
Laurion envisages the realization of shareholder value and
wealth through monetization of its discoveries and assets.
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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