Laurion Mineral Exploration Inc.: Drill Program Commences on High Priority Targets on the Ahki Zone-Sturgeon River Property, Bea
2011年3月31日 - 10:00PM
Marketwired
Laurion Mineral Exploration Inc. (TSX VENTURE: LME)(OTCQX: LMEFF)
("Laurion") is pleased to announce the completion of an induced
polarization ("IP") survey carried out by Quantec Geoscience on the
North East Grid (Ahki Zone) of a polymetallic base metal target on
its Sturgeon River Property, Beardmore, Ontario. Laurion has
commenced drilling on the IP anomalies that have been defined by
this survey. IP surveying on the South East Grid (Asha Zone) has
also been completed.
To explore these targets GeoVector Management Inc. designed two
IP surveys (North East Grid on the Ahki Zone and the South West
Grid on the Asha Zone). The survey was carried out over 16 line
kilometers with 100 meter line spacing and 25 meter station
intervals using TDIP pole-dipole array for the IP and a GSM-19
Overhauser magnetometer.
Results from the IP survey on the North East Grid (Ahki Zone)
indicated multiple chargeability anomalies, assumed to be
associated with sulphides, located south of the contact between
intermediate volcanics/porphyry and tuffaceous rhyolites. The
contact (A2 gold zone) has previously been drilled by Placer Dome
(1988) and zones of significant sphalerite and chalcopyrite over
900 meters of strike were recorded. The strongest IP chargeability
anomalies were not drilled. These anomalies are being tested in the
current drill program. In addition, 3 drill holes will test base
metal mineralization in the area of the A6 vein, which during
previous prospecting and mapping in 2010, returned a grab assay of
6.76 g/t Au, 10.2% Zn, 0.70% Cu and 8.5 g/t Ag. The initial
drilling program on the North East Grid has nine holes planned for
1300 meters, and is being carried out by Cobra Drilling Limited. It
is expected that this first phase of drilling will take 3 weeks to
complete, although spring thaw may require a 2 week break during
the program, extending the timeline to completion. This program
will be followed by drilling of identified targets on the South
West Grid.
The IP grids are associated with the Tehya base metal zone which
was drilled in the summer of 2010 and reported 0.94% Cu, 3.91% Zn,
27.80 g/t Ag and 0.45 g/t Au over 4.08 m in drill hole LME10-07
within two parallel lenses of massive to semi-massive sulphides
within sheared and brecciated volcanics. Subsequent trenching
exposed the sulphide mineralization for approximately 15 meters and
channel sampling returned 7.44% Zn, 0.91% Cu and 20.8g/t Ag over
1.50m and 3.07% Zn, 0.32% Cu and 14.7 g/t Ag over 4.05 meters. The
stripping, mapping and channel sampling provided important
information on the strike, dip, and structural setting for the VMS
style Cu-Zn-Pb-Ag-Au zones.
One of the main purposes of the stripping of the Tehya zone, was
to define the geological controls and apply this knowledge to the
exploration of several high priority zinc/copper soil anomalies.
These high priority anomalies are not exposed in outcrop but are
covered with thin overburden. They display much larger and stronger
soil anomalies than the Tehya Zone. These anomalies are
complimented by 400 to 800 meter long historical very low frequency
- electromagnetic ("VLF-EM") (1984) survey anomalies, and have
known Zn-Cu-Ag-Au showings located close to the anomalies. These
VLF-EM anomalies have not been previously drilled. Drilling by
Placer Dome in 1988, proximal to these anomalies indicated
occurrences of disseminated to massive sphalerite (zinc) and
chalcopyrite (copper) in tuffaceous rhyolites that are brecciated
and silicified. Placer Dome did not carry out any base metal
assaying during its search for gold mineralization.
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 1-888-212-4070 or 1-705-788-9186
1-705-788-9187 (FAX) Laurion Mineral Exploration Inc. Karen Doxsee
VP Corporate Communications 1-888-212-4070 or 1-705-788-9186
1-705-788-9187 (FAX) www.laurion.ca
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