First of Six Drill Holes-LME10-08 Demonstrates Positive Results of 17.50 g/t Gold over 0.50, 9.67 g/t Gold over 0.74 m and 7.05
2011年2月2日 - 11:00PM
Marketwired
Laurion Mineral Exploration Inc. (TSX VENTURE: LME)(OTCQX: LMEFF)
("Laurion") is pleased to announce that the Corporation has
finished its first phase of the deep drilling program on the
Sturgeon River Mine area, shutting down the drill on January 7th,
2011.
Commenting on the recent drill results, Cynthia Le Sueur-Aquin,
President of Laurion Mineral Exploration Inc. stated, "Laurion is
pleased with the initial drill intersections, and is confident that
further results will verify the existence of mineral
resources."
To date Laurion has received assays for the first hole in the
program (LME10-08). This hole is designed to intersect the No. 3
Vein approximately 130 meters south of the shaft location which is
centered on the near vertical mineralized shoot. Multiple zones of
mineralization were encountered in the hole with significant zones
tabled below.
----------------------------------------------------------------------------
Hole LME10-08 Gold Intersections
----------------------------------------------------------------------------
Down Hole Depth
--------------------------------
From To Interval Au g/t Zone
----------------------------------------------------------------------------
133.50 134.00 0.50 1.09 New Zone 1
----------------------------------------------------------------------------
257.40 259.00 1.60 0.48 New Zone 2
----------------------------------------------------------------------------
273.01 274.87 1.86 0.42 New Zone 3
----------------------------------------------------------------------------
304.50 358.18 53.68 0.27 Wide Shear Zone
----------------------------------------------------------------------------
incl. 327.27 330.37 3.10 3.69 New Zone 4
----------------------------------------------------------------------------
incl. 329.37 329.87 0.50 17.50
----------------------------------------------------------------------------
incl. 356.00 358.18 2.18 0.85 New Zone 5
----------------------------------------------------------------------------
375.32 376.06 0.74 1.49 New Zone 6
----------------------------------------------------------------------------
568.00 568.85 0.85 4.01 10 Vein
----------------------------------------------------------------------------
669.90 670.40 0.50 7.05 M vein
----------------------------------------------------------------------------
761.08 761.82 0.74 9.67 3 vein (Main Zone)
----------------------------------------------------------------------------
823.50 824.00 0.50 2.90 3b Vein
----------------------------------------------------------------------------
871.50 874.00 2.50 0.74 New Zone 7
----------------------------------------------------------------------------
The No. 10 and M Veins are sub-parallel in strike and dip to the
No. 3 Vein based on geological maps from the mine workings. They
are known to intersect each other in the mine workings. They were
intersected in LME10-08 as predicted based on the dips and strikes
derived from the mine plans and projected with 3D modeling
(Gemcom). These veins represent the primary target for potential
mineral resources.
The Wide Shear Zone was intersected up-hole from the mine
workings, and these zones were unknown to the previous miners. The
Wide Shear Zone has been intersected in subsequent drill holes
(LME10-09 and LME 10-10) that are awaiting assays. These zones
represent addition potential for mineral resources that were not
anticipated prior to the drilling campaign.
The Sturgeon River Mine produced historically reported 73,322
ounces of gold and 15,929 ounces of silver from 145,123 tons taken
primarily from No. 3 Vein during 1936 to 1942. The shaft was sunk
to a depth of 2,100 ft. (640 m) with development and to the 1,750
ft. level (530 m). Mining occurred mostly above the 1425 ft. level.
In 1942 the mine had a reported ore reserve estimate blocked out by
drifting and raising that yielded high grade reserves of 130,680
tons with an average grade of 0.306 ounces of gold per ton (10.5
g/t) This estimate does not conform to the current National
Instrument 43-101 standards, and should not be relied upon.
Detailed mine plans, cross sections and long sections indicate
where the Sturgeon River mineralization occurs in and below the
workings and this information was used to target drill holes to
ascertain whether the ore structures continued at depth. Holes were
designed to intersect the No. 3 Vein at or below the level of the
bottom of the shaft, and to intersect other known sub-parallel gold
bearing structures. This work will help verify whether
mineralization below the shaft, estimated by D.E. McBride (P.Eng)
in 1986 as an additional 400,000 tons at 0.15 ounces per ton of
gold (5.14 g/t), could be there (non 43-101 estimate). McBride had
indicated in his report that no exploration had ever been carried
out down plunge of the main No.3 mineralized shoot, and he
recommended exploration down to the 3600 ft. level (1100 m).
Laurion's program is considered a first phase of delineating that
mineralization for possible 43-101 resource estimation.
All sampling from the 2010 programs were delivered by GeoVector
Management Inc. personnel to the Activation Laboratories
("Actlabs") facility in Thunder Bay and/or Geraldton. Actlabs is an
ISO/IEC 17025 accredited analytical laboratory. Analysis for gold
was by fire assay with AA finish, followed by fire assay with
gravimetric finish for samples over 3 g/t Au. Samples were also
treated with a multi-acid ICP process, and base metal values over
detection limit were treated to ore grade base metal assays.
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 also routinely
inserted blanks and certified standards into the sample stream in
order to independently assess analytical accuracy. All certified
standard assays were within acceptable limits.
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 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. Such statements
include, but are not limited to, statements concerning the approval
of Laurion's application to trade its common shares over the
facilities of the OTCQX and the commencement of such trading.
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