Laurion Mineral Exploration Inc.: Spurr Assay Results Confirm and Extend Mineralized Zone to Depth
2010年12月13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-43 to BMG-56 from the 56 hole drill
program at the Corporation's 100% owned Bell Mountain Project
located in Churchill County, Nevada.
Cynthia Le Sueur-Aquin, President of Laurion Mineral Exploration
Inc. stated, "This drill program effectively delineated the eastern
and western limits of the main Spurr body and was successful in
extending the mineralization to a minimum of 20 meters down-dip,
reflecting similar grades to the mineralization returned in
historic drilling. The drill program also demonstrates the
opportunity to expand the mineralization by additional drilling.
The Spurr zone and Varga zone will be evaluated in an upcoming
resource estimate."
A total of 3,020 feet (921meters) was completed in 12 RC drill
holes on the Spurr zone. The drill program was designed to: (i)
test and expand the mineralized body down dip 45 degrees by an
additional 20 meters; and, (ii) test the potential strike
extensions to the east in the zone adjacent to the Varga deposit.
The drill hole program at the Spurr zone was purposefully designed
for close-spaced drill holes to enable resource calculation and
modeling.
Drilling confirmed that mineralization of the Spurr Zone
persists to depth, but is terminated by faulting in eastern and
western extensions of the zone evident in holes BMG-46 and 56. Hole
BMG-43 reflected that the modest grade mineralization and thickness
continued as a fault off-set block between the Spurr and Varga
deposits. Grade intercepts close to the surface shown in holes
BMG-51, 53 and 55 as well BMG-43, indicate that additional drilling
may be required to pursue the mineralization down dip. Hole BMG-45
duplicated a prior hole which was halted in good mineralization,
and was designed to extend 20 meters into the footwall to test for
parallel veins. BMG-45 was successful in duplicating historic
grades and showed no parallel veins at greater depths.
Significant assay results from this drilling are tabulated below:
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Hole ID From (ft.) To (ft.) Interval (ft.) Interval (m) Au (g/t) Ag (g/t)
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BMG-43 40 55 15 4.57 0.35 20.6
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BMG-45 90 110 20 6.10 0.34 9.1
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BMG-46 No Significant Intercepts (faulted)
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BMG-47 110 150 40 12.19 0.39 25.2
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150 170 Vein material, poor core recovery
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BMG-48 200 250 50 15.24 0.49 23.5
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BMG-49 230 240 10 3.05 0.27 12.3
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250 285 35 10.67 0.27 12.5
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BMG-50 290 315 (end) 25 7.62 0.35 14.9
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BMG-51 65 75 10 3.05 0.45 21.1
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110 135 25 7.62 0.20 9.2
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155 185 30 9.14 0.35 12.2
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BMG-52 340 350 10 3.05 0.41 17.5
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BMG-53 0 20 20 6.10 0.24 10.8
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40 55 15 4.57 0.17 10.4
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70 120 50 15.24 0.26 15.4
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140 165 25 7.62 0.21 14.0
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BMG-54 240 255 15 4.57 0.19 11.0
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BMG-55 50 60 10 3.05 0.21 13.3
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BMG-56 No significant intercepts (faulted)
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Qualified Persons
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.
(TSX: 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
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