Laurion Commences Drilling on Prospective Gold-Copper-Zinc Target
2011年12月13日 - 12:00AM
PR Newswire (Canada)
TORONTO, Dec. 12, 2011 /CNW/ - Laurion Mineral Exploration Inc. and
(OTCQX: LMEFF) ("Laurion" or the "Corporation") announces that it
has commenced drilling on the Sturgeon River North property ("Mahki
zone"), located in Pifher Township, north of the Corporations 100%
owned Sturgeon River Project, 25 kilometres east of the Town of
Beardmore, Ontario. The Corporation recently completed a
geophysical survey and is targeting VTEM anomalies on the Mahki
zone located north of the Namewaminikan River. The anomalies are
relatively strong conductors which are buried by glacial sand
deposits, and therefore have never been prospected or
drilled. The anomalies occur in an area with known copper and
zinc mineralization hosted in Felsic to Intermediate volcanics, and
copper/gold mineralization hosted in Diorite/Granodiorite
intrusives. In 1972, Augmitto Explorations Ltd. conducted a
prospecting program followed by an Induced Polarization ("I.P.")
survey to the east of the current geophysical grid and drill
program, which resulted in the reported discovery of a north
easterly zone of chalcopyrite-pyrrhotite mineralization of
approximately 4.9 metres to 6.1 metres wide and 76 metres in strike
length. A second zone was stripped uncovering fine disseminated
chalcopyrite and pyrite. This zone was located on the extension of
one of the higher I.P. survey anomalies over which mineralization
was found to extend over a width of approximately 61 metres. A grab
sample was reported to assay 0.250 ozs/ton (8.6 g/t) gold, 1.43
ozs/ton (48 g/t) silver and 3.77% copper. A program of diamond
drilling was commenced in November 1972, to test the surface
showing and geophysical anomalies. Three holes totaling 397 metres
were drilled, reporting 0.8 g/t gold, 6.7 g/t silver and 0.76%
copper over 11.49 metres, including 1.1 g/t gold, 8.3 g/t silver
and 1.02% copper over 6.92 metres. The above 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 the Qualified Person as defined in "National
Instrument 43-101, Standards of Disclosure for Mineral Properties."
Bell Mountain The Corporation terminated the drill program on the
Corporation's Nevada Bell Mountain Project (Sphinx Zone) as a
result of continuous mechanical breakdowns and difficulties
accessing the steep drill stages due to icy terrain. In the
interest of safety and elimination of unnecessary costs, the
Corporation has determined that the drill program will be resumed
in the spring. About Laurion Mineral Exploration Inc. The
Corporation's focus is to make the transition from explorer to
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, Canada and 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 news release. This news release includes certain
forward-looking statements concerning the future performance of
Laurion's business, operations 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. 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
except as required by law. 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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