Laurion Intersects Multiple Goldzones: Assay Report of 8.20 g/t Au Over 2.99 Metres at Sturgeon River Project, Beardmore, ON
2011年2月22日 - 11:00PM
Marketwired
Laurion Mineral Exploration Inc. (TSX VENTURE: LME)(OTCQX: LMEFF)
("Laurion") is pleased to announce assay results from drill hole
LME10-09, the third drill hole within the first phase of the
Company's deep drilling program on the Sturgeon River Mine area.
Drill hole LME10-09was designed to intersect the No. 3 Vein under
the shaft location near the centre of the mineralized shoot, at the
640 metre level approximately 125-150 metres below the last
underground development workings. Drill hole LME10-09 intersected
6.00 g/t gold over 1.73 metres in the No. 3 Vein, in which visible
gold was reported, including 14.30 g/t gold over 0.69 metres in the
quartz portion of this zone. Several other zones were also
intersected, including 8.20 g/t gold over 2.99 metres in New Zone
5;24.80 g/t gold over 0.50 metres in New Zone 1; 8.20 g/t gold over
1.00metrein New Zone 6; 10.20 g/t gold over 0.50metres in the M
Vein; and 1.54 g/t over 3.00 metres in the No. 10 vein. All
significant intersections for LME10-09 are tabulated below.
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Hole LME10-09 Gold Intersections
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From To Interval Au
(meters) (meters) (meters) g/t Zone
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70.40 70.90 0.50 1.65 New Zone
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125.50 126.00 0.50 24.80 New Zone 1
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322.20 322.70 0.50 2.29 New Zone 4
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377.40 379.40 0.83 2.00 0.5% Pb, 0.28% Zn, 4.8 g/t Ag
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467.76 470.75 2.99 8.20 New Zone 5
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607.00 608.00 1.00 8.20 New Zone 6
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637.70 638.20 0.50 10.20 M vein
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725.25 738.85 13.60 1.20 3 vein/10 Vein (Main Zone)
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Incl. 725.25 728.25 3.00 1.54 10 Vein
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Incl. 733.17 734.90 1.73 6.00 3 vein (Main Zone)
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Incl. 734.21 734.90 0.69 14.30 3 Quartz vein (Main Zone) with 1 VG
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770.10 771.00 0.90 0.70 3b Vein
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The Sturgeon River Mine historically reported production of
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 to the 1,750
ft. level (530 m). Mining occurred mostly above the 1425 ft. level.
These first phase drill 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.
The first two holes (LME10-08 and LME10-08W) were designed to
intersect the No. 3 Vein approximately 130 meters south of the
shaft location near the southern boundary of the vertically
plunging mineralized shoot. Results for drill hole LME10-08, which
were reported on February 2, 2011, included intersections of 17.50
g/t gold over 0.50 metres in a new zone and 9.67 g/t gold over 0.74
metres in the main No. 3 Vein target. The wedged extension to this
first drill hole (LME10-08W) deviated significantly to the south
and missed the expected plunge trend of the No. 3 Vein mineralized
zone. LME10-08W still intersected the No. 3 vein and assayed 1.07
g/t gold over 0.50 metres, indicating the vein continues to carry
significant gold outside the known ore shoot trend leading to the
possibility of other high grade shoots along strike. The best
result from LME10-08W was in the No. 10 Vein (2.90 g/t gold over
1.0 metre). There were multiple other zones of mineralization
encountered in the hole with 1-2 g/t gold over narrow widths tabled
below.
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Hole LME10-08W Gold Intersections
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From To Interval Au
(meters) (meters) (meters) g/t Zone
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354.60 356.40 1.80 0.90 Wide Shear Zone - New Zone 5
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409.45 409.95 0.50 1.26 New Zone 6
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444.60 445.60 1.00 1.58
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560.20 561.20 1.00 2.90 10 vein
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680.70 681.20 0.50 1.18 M vein
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863.20 863.70 0.50 1.07 3 vein (Main Zone)
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871.50 874.00 1.30 0.47 3b Vein
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The drill intersections received to date provide support for a
down plunge extension of the No.3 mineralized shoot and indicate
that additional mineralized zones on other veins and shear horizons
are located close to the previous underground workings. 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
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