Laurion Intercepts 7.62 Meters of 28.6 g/t Silver and 3.37 g/t Gold and Continues to Expand Mineralization at Bell Mountain
2010年12月10日 - 11:00PM
Marketwired
Laurion Mineral Exploration Inc. (TSX VENTURE: LME)(OTCQX: LMEFF)
("Laurion") is pleased to announce the RC ("reverse circulation")
drill results for holes BMG-31 to BMG-44 from the Company's 56 hole
drill program at its 100% owned Bell Mountain Project located in
Churchill County, Nevada.
Summarizing the recent drill results from the Varga zone,
Cynthia Le Sueur-Aquin, President of Laurion Mineral Exploration
Inc. states, "This drill program has been most successful in
substantially increasing the size of the Varga zone and confirming
the grades of the historic drilling in the main Varga zone. The
drilling has expanded the body of heap-leach grade mineralization
to an additional 12 to 30 meters as well as extended the zone both
to the East and West for 20 to 30 meters. The drilling was also
successful in identifying and delineating the economically
significant South Fault mineralization along the southern boundary
of the main Varga Zone. Drilling of the western 200 meters of the
Varga deposit clearly defined the extent and continuity of similar
heap-leach grade mineralization from sampled cross-cuts in the
Varga adit to outcropping mineralization 75 meters above at the
surface, indicating that the mineralization persisted for at least
25 meters below the adit level."
A total of 11,220 feet (3,421 meters)of RC drilling was
completed on the Varga Zone in holes BMG-1 to BMG-42 and BMG-44,
and a total of 3,020 feet (921 meters) was completed on the Spurr
Zone in holes BMG-43 and BMG-45 to BMG-56. Assays from drill holes
BMG-45 through BMG-56 are pending and shall be released upon
availability. Highlights from these 14 drill holes include 7.62
meters grading 3.37 g/t gold and 28.6 g/t silver. Assay results are
summarized in the table below.
Highlights for drill holes BMG-31 to BMG-44 are as follows:
----------------------------------------------------------------------------
To Interval Interval
Hole ID From (ft.) (ft.) (ft.) (m) Au (g/t) Ag (g/t)
----------------------------------------------------------------------------
BMG-31 50 60 10 3.05 0.48 5.3
----------------------------------------------------------------------------
135 145 10 3.05 0.38 7.1
----------------------------------------------------------------------------
185 265 80 24.38 0.62 12.5
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BMG-32 125 230 105 32.0 0.27 17.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BMG-33 25 35 10 3.05 0.29 3.1
----------------------------------------------------------------------------
100 120 20 6.10 0.56 14.3
----------------------------------------------------------------------------
225 270 45 13.72 0.33 11.4
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BMG-34 0 10 10 3.05 0.36 4.6
----------------------------------------------------------------------------
35 45 10 3.05 0.28 5.3
----------------------------------------------------------------------------
130 140 10 3.05 0.17 5.7
----------------------------------------------------------------------------
230 295 65 19.81 0.31 21.2
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BMG-35 0 50 50 15.24 0.38 6.9
----------------------------------------------------------------------------
85 105 20 6.10 0.33 4.7
----------------------------------------------------------------------------
220 245 25 7.62 0.28 20.5
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BMG-36 165 195 30 9.14 0.25 10.6
----------------------------------------------------------------------------
245 305 60 18.29 0.41 33.2
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BMG-37 20 40 20 6.10 0.38 6.6
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BMG-38 75 100 25 7.62 3.37 28.6
----------------------------------------------------------------------------
115 155 40 12.19 0.24 8.8
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BMG-39 240 330 90 27.43 0.29 15.8
----------------------------------------------------------------------------
360 370 10 3.05 0.26 17.0
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BMG-40 50 120 70 21.32 0.65 20.8
----------------------------------------------------------------------------
135 150 15 4.57 0.16 10.2
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BMG-41 220 290 70 21.32 0.28 12.8
----------------------------------------------------------------------------
350 380 30 9.14 0.21 17.9
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BMG-42 110 145 35 10.67 0.17 15.3
----------------------------------------------------------------------------
----------------------------------------------------------------------------
BMG-44 35 50 15 4.57 0.15 20
----------------------------------------------------------------------------
The assay results of BMG-31, 33, and 35, which were drilled
below the central portion of the main Varga deposit, confirm and
extend mineralization to depths of 12 to 30 meters below the
historic drilling. The grade and continuity of previously unknown
mineralization along the south side of the Varga body, in the zone
named the South Fault, was also confirmed by these holes.
Holes BMG-32, 34, 36-42 and 44 were drilled in the western half
of the Varga deposit, above the Varga adit along 200 meters of
strike length. This area had few historic drill holes and was not
included in any prior resource calculations. These drill holes
confirmed the continuity of mineralization along strike and from
the surface vein outcrop down to the level of the Varga adit. The
drill results indicate that the mineralized zone is in fact wider
than the exposures in the Varga adit workings.
Qualified Person
The technical information contained in this news release has
been verified by Mr. Dana C. Durgin (MSc, P.Geo), Laurion's
Exploration Manager, and Mr. Douglas R. Wood (MSc, P.Geo), are the
Qualified Persons responsible for the scientific and technical work
(as defined under National Instrument 43-101) discussed in this
press release, and have reviewed this press release.
About Laurion Minerals 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
Churchill County, Nevada USA.
The Corporation has an option to acquire a 100% interest in the
Bell Mountain Gold Project with Globex Mining Enterprises Inc.
(TSE: 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 Gold
Projects and 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. Such statements
include, but are not limited to, statements concerning the expected
timing of assay results. 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
Laurion Mineral Explorat... (TSXV:LME)
過去 株価チャート
から 8 2024 まで 9 2024
Laurion Mineral Explorat... (TSXV:LME)
過去 株価チャート
から 9 2023 まで 9 2024