Laurion Reports Silver/Gold Intercepts from First 3 Holes Assayed at Bell Mountain
2012年1月27日 - 12:00AM
PR Newswire (Canada)
TORONTO, Jan. 26, 2012 /CNW/ - Laurion Mineral Exploration Inc.
(OTCQX: LMEFF) ("Laurion" or the "Corporation") is pleased to
announce the drill results of the first three holes completed on
the Sphinx Zone at its 100% owned Bell Mountain project located in
Churchill County, Nevada. Summary of Results The Corporation has
received assay results for the first three holes of the Sphinx
drill program. Holes SPX-2, 3 and 4 were drilled at the extreme
northwest end of the Sphinx Zone, where high values or substantial
widths were not expected. The intercepts are in those sections of
the holes with quartz veinlets. There is no hole SPX-1.
____________________________________________________________________
|Hole ID|From (ft.)|To (ft.)|Interval |Interval (m)|Au (g/t)|Ag
(g/t)| | | | | (ft.) | | | |
|_______|__________|________|_________|____________|________|________|
| | | | | | | |
|_______|__________|________|_________|____________|________|________|
|SPX-2 | 55 | 60 | 5 | 1.52 | 0.512 | 9.2 |
|_______|__________|________|_________|____________|________|________|
| | 145 | 150 | 5 | 1.52 | 0.598 | 20.6 |
|_______|__________|________|_________|____________|________|________|
| | 180 | 200 | 20 | 6.10 | 0.527 | 14.2 |
|_______|__________|________|_________|____________|________|________|
| | | | | | | |
|_______|__________|________|_________|____________|________|________|
|SPX-3 | 15 | 60 | 45 | 13.72 | 0.468 | 8.6 |
|_______|__________|________|_________|____________|________|________|
| | | | | | | |
|_______|__________|________|_________|____________|________|________|
|SPX-4 | 60 | 100 | 40 | 12.19 | 0.356 | 8.5 |
|_______|__________|________|_________|____________|________|________|
The Sphinx drill program is composed of 1,219.2m (4,000ft.) of
reverse circulation drilling ("RC"). Approximately 823m (2,700ft.)
is planned to be completed on the Sphinx Zone. Historic sampling
indicates that the Sphinx Zone is approximately 300m (1,000ft.)
along strike and up to 24m (75ft.) in maximum width. The Sphinx
Zone dips approximately 60 degrees to the south-west and thus
drilling could contribute significantly to the resource totals. The
remaining reverse circulation ("RC") drill holes are infill and
step-out holes in the main portion of the Sphinx Zone. The holes
were designed to intersect the mineralized zone as close
to perpendicular to the strike and dip as
possible, within the limitations of equipment and
terrain. All holes intersected the mineralized zones at 60-70
degrees, and true widths are interpreted to be 80-90% of drill
intersection widths. Major Drilling of Salt Lake City, Utah
commenced drilling on the Bell Mountain Property in November 2011.
The Corporation terminated the drill program after completing the
above three holes on the Corporation's Sphinx Zone, as a result of
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 determined that
the drill program will be resumed in the spring. The Bell Mountain
is a silver/gold project located in the south-eastern part of
Churchill County in west-central Nevada (USA). The Property is
located approximately 82 road kilometres south-east of Fallon and
102 air kilometres south-east of Reno, Nevada. The technical
information contained in this news release has been verified by
Dana Durgin (MSc, P. Geo), consulting geologist with and project
manager for Laurion's Bell Mountain project and is a Qualified
Person as defined in "National Instrument 43-101, Standards of
Disclosure for Mineral Properties." All samples from this Bell
Mountain drilling program were analyzed by ALS
Chemex using a fire assay method with AA finish. The drilling
was completed using the reverse circulation rotary method.
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 and PGEs with key interests in prospective mining
properties located in Ontario and Churchill County, Nevada USA. The
Corporation has an option to acquire a 100% interest in the Bell
Mountain Gold Project with Globex Mining Enterprises Inc. (TSE:
GMX, (G1M-Frankfurt)) ("Globex") of Rouyn-Noranda, Quebec. 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 Bell Mountain Property as described above. 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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