Laurion Confirms Presence of Mineralized Trend Adjacent to Potential Target Deposit
2011年12月1日 - 12:00AM
PR Newswire (Canada)
TORONTO, Nov. 30, 2011 /CNW/ - Laurion Mineral Exploration
Inc. and (OTCQX: LMEFF) ("Laurion" or the "Corporation") is
pleased to announce that, it has received results from its
preliminary exploration drill program on its Jubilee property. The
Jubilee and the recently acquired Beaurox properties are contiguous
to the Corporation's Sturgeon River north eastern boundary, and are
located in the south western quarter of Elmhirst Township, 25
kilometres east of the Town of Beardmore, Ontario. The objective of
this small program carried out in September 2011 (3 holes totaling
427 metres), was to locate mineralized trends discovered in
drilling in 1953 on the property which included 1,006 g/t Au over
2.93 metres in a quartz vein system and 1.71 g/t Au, 9.6 g/t Ag and
4.98% Zn in an adjacent sub-parallel base metal system located to
the north west ("A" trend). (See news release of August 30(th),
2011). Although the 1953 drill hole locations are imprecise, based
on assessment maps from the 1953 report it is believed that the
mineralized trends are strike extensions of the Tehya, Ahki, Loki
and A2 Vein trends, which are prospective horizons for precious
metal rich VMS mineralization on the adjacent Sturgeon River
Property to the southwest of the Jubilee claims (3.10 g/t Au, 27.5
g/t Ag, 0.38% Cu and 5.63% Zn over 3.10m reported from April 2011
drilling by Laurion). The exploration strategy used in the Jubilee
property initial program, consisted of a fence of short holes
(125-150 metre lengths) across the intermediate to felsic volcanic
stratigraphy that is suspected of hosting the mineralized trends.
Laurion was successful in crossing both the quartz vein system and
the base metal horizon with these holes. Results included thick
sequences of intermediate volcanics with anomalous gold values (20
ppb), in altered and sheared rocks (chlorite, sericite), and
including discrete areas of visible base metal mineralization
(sphalerite and chalcopyrite). The best results included:
_________________________________________________________ |Drill
Hole| From |To(m) |Interval|Au g/t|Ag g/t|Zn% |Cu% | | | (m) | |
(m) | | | | |
|__________|______|______|________|______|______|____|____| |
LJ11-001 |126.50|127.00| 0.50 | 3.35 | 1.70 |0.30| - | |
|______|______|________|______|______|____|____| | |136.05|136.55|
0.50 | 1.41 | 3.20 |0.59|0.09|
|__________|______|______|________|______|______|____|____| |
LJ11-002 |61.50 |62.00 | 0.50 | 0.19 | 1.90 |1.20|0.09| |
|______|______|________|______|______|____|____| | |87.50 |90.50 |
3.00 | 0.40 | 2.10 |0.32|0.12| |
|______|______|________|______|______|____|____| | |103.42|104.24|
0.82 | 1.22 | 3.40 |0.30| - |
|__________|______|______|________|______|______|____|____| |
LJ11-003 |97.70 |118.00| 20.30 | 0.25 | - | - | - |
|__________|______|______|________|______|______|____|____| | Incl.
|97.70 |98.20 | 0.50 | 3.46 | | | |
|__________|______|______|________|______|______|____|____| | Incl.
|109.00|110.53| 1.53 | 0.91 | 3.60 |0.65|0.13|
|__________|______|______|________|______|______|____|____| Laurion
is encouraged that the initial drill program has led to the
discovery of what is believed to be the mineralized trends. Now
that the location of the trends has been confirmed subsequent
exploration programs will focus on discovering the high grade lodes
associated with these trends. Laurion is also interested in
following up the altered and widely mineralized intermediate
volcanic horizons (20.3 metres at 0.25 g/t Au in DDH LJ11-003). All
three holes ended in anomalous gold values (20 ppb), indicating the
potential of expanding these mineralized horizons. The Beaurox
property encases the Jubilee property to the north, east and west.
The Beaurox property contains eight named surface showings, most
with at least one or two drill holes through the mineralized zones
(see map/diagram below). These showings appear to line up into
three sub-parallel horizons trending northeast along the regional
geological strike. From northwest to southeast they include the
River Zone (River Showing and River Showing SW Extension), the "D"
trend (Area D, Garvey Zone, Miron Vein, and extending to the
southwest onto Laurion's Sturgeon River property as the Tehya Zone)
and the "A" trend (Area A, Area B, and extending southwest into the
McLeod-Kennedy Zone on Laurion's Jubilee property, and into the A-2
Vein on Laurion's Sturgeon River property). It is estimated that
the strike lengths of the "D" trend and the "A" trend on the
Beaurox Property are approximately 1.5km, and combined with
Laurion's other property holdings along the trends, that the
potential strike lengths of the combined "D trend to Tehya" and "A
trend to A-2 vein" may each extend to over 2.7km. The best drill
intersection on the Beaurox property on the "A" trend (Area A, Area
B, MacLeod - Kennedy showing) was in drill hole 92-58 with 5.10 g/t
Au, 24.8 g/t Ag, 0.40% Cu and 3.90% Zn over 4.00 metres. Laurion
has developed a Target Deposit based on drilling information
comprised of 197 diamond drill holes totalling 20,836 metres, which
suggests a Target Deposit size of 4.0-6.0 million tonnes at 1.5-3.0
g/t gold, 20-30 g/t silver, 2.5-3.5% zinc and 0.25-0.50% Cu (see
press release from November 22, 2011). Note: The reader should be
cautioned that the potential quantities and grades reflected above
are conceptual in nature, that there has been insufficient
exploration to define a mineral resource and that it is uncertain
if further exploration will result in the target being delineated
as a mineral resource. About Laurion Mineral 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, 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. 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
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. SOURCE Laurion Mineral Exploration Inc. Image with
caption: "Laurion Confirms Presence of Mineralized Trend Adjacent
to Potential Target Deposit (CNW Group/Laurion Mineral Exploration
Inc.)". Image available at:
http://photos.newswire.ca/images/download/20111130_C2546_PHOTO_EN_7666.jpg
Laurion Mineral Exploration Inc. CONTACT: Laurion Mineral
Exploration Inc.Cynthia Le Sueur-Aquin, President & CEOTel:
1-888-212-4070Tel: 1-705-788-9186Fax: 1-705-788-9187Website:
www.laurion.ca
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