Laurion Continues to Intersect Precious Metal Rich Horizons, Reporting 7.59 g/t Au, 2.0 g/t Ag and 1.02% Zn over 1.26m and 9....
2011年10月4日 - 11:00PM
PR Newswire (Canada)
TORONTO, Oct. 4, 2011 /CNW/ - Laurion Mineral Exploration Inc.
(OTCQX: LMEFF) ("Laurion") is pleased to announce results from the
July 2011 drill program on the Tehya and Asha polymetallic base
metal targets on its Sturgeon River Property, Beardmore, Ontario.
Two of the drill holes (179m) from this program examined the extent
of the Tehya Zone, one drill hole at depth below the original
showing (LME11-024), and one drill hole (LME11-025) was located
175m to the northeast of LME11-024 and on the projected 800 metre
strike of the Tehya Zone between drill hole LME10-07 and drill hole
LME11-017. The Asha Zone was tested for the first time with six
diamond drill holes totalling 1,360 metres (LME11-018 to LME11-023)
targeting multiple strong chargeability anomalies identified in a
ground geophysical survey completed in Q1-2011. Ninety-two samples
were collected in September 2010 in a comprehensive prospecting
program conducted over the Asha Zone, which resulted in gold values
as high as 9.87 g/t Au, and 136 g/t Ag. Highlights of the drill
program occurred in the Tehya Zone and include: LME11-024 - 9.91
g/t Au and 2.8 g/t Ag over 1.0m (28.30 to 29.30m), including 17.50
g/t over 0.5m (28.30 to 28.80m); LME11-024 - 7.59 g/t Au, 2.0 g/t
Ag and 1.02% Zn over 1.26m (56.74 to 58m), including 12.90 g/t Au,
3.4 g/t Ag and 1.73 % Zn over 0.73m (57.27 to 58m); LME11-025 -
0.11g/t Au, 3.0 g/t Ag, 0.07% Cu and 0.68% Zn over 4.58m (7.57 to
12.15m), including 3.2 g/t Ag and 2.23% Zn over 0.50m (11.00 to
11.50m); LME11-025a* - 0.06 g/tAu, 2.7 g/t Ag 0.06 % Cu and 1.11%
Zn over 4.58m (7.56 to 12.12m), including 3.0 g/t Ag and 2.36% Zn
over 0.68m (7.56 to 8.24m); and including 5.0 g/t Ag and 3.31% Zn
over 0.55m (11.00-11.55m); LME11-025a - 4.11 g/t Au, 2.3 g/t Ag
over 0.50m (30.40 - 30.90m) *Drill hole LME11-025 was abandoned and
the drill moved approximately 3m along strike to re-collar
LME11-025a through the same stratigraphy. Tehya Zone The Tehya base
metal zone was first drilled in the summer of 2010 and reported
0.45 g/t Au, 27.80 g/t Ag, 0.94% Cu and 3.91% Zn over 4.08 metres
in drill hole LME10-07 within two parallel lenses of massive to
semi-massive sulphides within sheared and brecciated volcanics.
Drill hole LME11-017 was drilled before the spring break-up (2011)
approximately 800 metres along strike of the "Tehya Extension"
LME10-07 hole. The Tehya zone was successfully intersected
approximately 30 metres vertically below surface and the assays
from LME11-017 reported 0.10 g/t Au, 10.1 g/t Ag, 0.11% Cu and
2.85% Zn over 5.85 metres, including 0.05 g/t Au, 14.9 g/t Ag,
0.21% Cu and 9.79% Zn over 1.30 metres. The July 2011 drill program
intersections in holes LME11-024, 025 and 025a illustrate the
significant continuity and grade of this zone across 800 metres of
strike length. The zone remains open to the northeast and
southwest, and to depth. In addition drill hole LME11-024
intersected a quartz vein (11A vein) in the hanging wall (28.30 to
28.80m) of the Tehya Zone (56.74 to 58.0m) and reported results of
9.91 g/t Au and 2.8 g/t Ag over 1.0m, including 17.50 g/t Au over
0.50m. A further quartz vein (9A) was intersected on the footwall
side of the Tehya Zone with reported results of 3.02 g/t Au over
0.50m (112.0 to 112.50m). The 9A quartz vein was also apparent in
drill hole LME11- 025 and reported assays results of 4.11 g/t Au
and 2.3 g/t Ag over 0.50m (30.40-30.90m). Laurion is encouraged by
the potential of 800 metres of strike length on the Tehya Zone
between holes LME10-07 and LME11-017. A possible further strike
extension to the Tehya Zone is indicated in lower grade
intersections in holes LME11-018 (2.3 g/t Ag and 0.13% Zn over 10m
from 217.0 to 227.0m) and 019 (2.3 g/t Ag and 0.33% Zn over 7.5m
from 21.5 to 29.0m). These drill holes are more than 1.1 kilometres
southwest and along strike trend from the recognized Tehya Zone
drill intercepts and surface showings. This could well increase the
strike length of the Tehya mineralization to 1.9km with the 7 drill
holes completed to date through the Tehya horizon. To date, the
Tehya Zone has not been drilled more than 45 metres vertically
below surface, and remains open down dip and along strike southwest
of LME10-07 towards an IP anomaly defined by the ground geophysical
survey near the Asha Zone. The Tehya zone is also open to the
northeast beyond drill hole LME11-017. As a result of this round of
drilling on Tehya Zone, where the mineralization now has
demonstrated continuity, the opportunity exists to begin developing
a resource in this zone. The Tehya base metal zone appears to be
one of several anomalous zinc/copper areas, which in combination
with high grade gold and silver occurrences, is indicative of the
multi-faceted potential of the Sturgeon River Property. Asha Zone
Results from the IP survey completed in Q1-2011 on the Asha Zone
located south of the Sturgeon River Mine area, indicated multiple
strong chargeability anomalies, assumed to be associated with
sulphides. A total of ninety two samples were collected in
September 2010 in a comprehensive prospecting program conducted
over the Asha Zone, which resulted in gold values as high as 9.87
g/t Au and 136 g/t Ag. Higher assay values were clustered along an
east-northeast trend over a 1,800 metre strike length. The Asha
Zone is adjacent to an 800 metre VLF EM anomaly that has no
outcropping areas. Six drill holes were designed to intersect the
mineralized horizon on the Asha Zone. Hole LME11-018 was located on
the far west of the grid and intersected a horizon of altered
intermediate volcanics, which is assumed to be the extension of the
Tehya horizon. This hole reported 2.3 g/t Ag and 0.13% Zn over an
interval of 10 metres. Hole LME11-019 is located to the south
southeast of hole LME11-018 and intersected a similar horizon of
intermediate volcanics, also thought to be the extension of the
Tehya zone, reported assays of 2.3 g/t Ag and 0.33% Zn over 7.50m
(21.5 to 29.0m), including 5.6 g/t Ag and 0.95% Zn over 1.0m (26 to
27m), and 0.56% Zn over 3.83m (112.17 to 116.0m), including 1.31%
Zn over 0.57m (112.17 to 112.74m). Holes LME11-020, LME11-021 and
Hole LME11-022 located east of holes LME11-019 intersected weaker
mineralized intermediate volcanics, shear zones and quartz veins
with sulphides with a notable assay of 0.23 g/t Au and 1.49 %
Zn over 0.5m in LME11-022. Drill holes reported here were designed
to intersect the mineralized horizons as close to normal to strike
and dip as possible. All holes intersected the mineralized zones at
60-70 degrees to core axis, and true widths are interpreted to be
80-90% of drill intersection widths. 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 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. 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. 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. Laurion Mineral Exploration Inc.
CONTACT: Laurion Mineral Exploration Inc.Cynthia Le Sueur-Aquin -
PresidentTel: 1-888-212-4070Tel: 1-705-788-9186Fax:
1-705-788-9187Website: www.laurion.ca
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