Laurion Drilling Confirms Presence of Additional New Mineralized Trends on Sturgeon River Properties
2012年3月13日 - 8:15PM
PR Newswire (Canada)
TORONTO, March 15, 2012 /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 carried out on the Mahki,
Ahmik and Ituha zones on the Corporation's Sturgeon River
properties, located 25 kilometres east of the Town of Beardmore,
Ontario. The objective of this small program was to gather
information on these three new untested zones for gold and/or base
metal mineralization, and to determine the merit of additional
follow-up exploration as a complement to Laurion's main developed
targets on its Sturgeon and Beaurox properties. The style and tenor
of the mineralization in these zones was unknown prior to drilling,
all were covered by overburden and none of these zones were ever
previously drilled. The Sturgeon River Mine quartz vein system is
associated with very strong northeast to north northeast trending
structures, which are host to massive to semi-massive sulphides
which occur on multiple horizons within a kilometre wide corridor.
In the last year, Laurion identified this corridor as having the
potential to host a precious metal rich VMS ("Volcanic Massive
Sulphide") deposit. Laurion has developed a Target Deposit, as
referenced later in this press release, based on Laurion drilling
and historical drilling information, which suggests a combined
strike length of 6,000 metres for 3 zones of sulphides. Two main
target types of mineralization have emerged from exploration work
on the Sturgeon property. These include: i. high grade lode gold
style quartz veins within larger highly altered shear zones; and
ii. extensive precious metal polymetallic VMS deposits associated
with felsic and intermediate fragmental volcanics. MAHKI ZONE The
Mahki zone has previously been covered by VTEM ("Versatile Time
Domain Electro-Magnetics") airborne surveys, which revealed a
continuous anomaly over an approximate 800 metres of strike within
a much longer magnetic feature. Line cutting and ground HLEM
("Horizontal Loop Electro-Magnetics") and magnetometer surveying
was carried out in 2011, to better define the target. Drilling
commenced in December 2011 and continued into January 2012, and
included a high magnetic feature along strike from the VTEM
anomaly. Five holes were drilled totalling 554 metres, and four
holes intersected moderately mineralized (pyrrhotite, chalcopyrite
and sphalerite) altered volcanic breccias. Base metal values were
anomalous in all four holes with the best results from 2.70m to
5.00m (2.30m) grading 0.06 g/t Au, 2.0 g/t Ag, 0.12% Cu and 0.30%
Zn within a 15.30 metre wide zone of mineralization, and from
159.00m to 161.30m (2.30m) grading 0.03 g/t Au, 4.8 g/t Ag, 0.42%
Cu and 0.11% Zn in hole LNG11-001; and from 54.50m to 57.00m
(2.50m) grading 0.08 g/t Au, 4.0 g/t Ag, and 0.26% Cu in hole
LNG11-002. These results are considered sufficiently encouraging of
potential VMS base metal mineralization to warrant further ground
work this coming summer. AHMIK ZONE The Ahmik zone is along strike
north of the Sturgeon River Mine # 3 quartz vein, and is northeast
along strike from newly discovered shear zones that were
intersected in the 2010/2011 deep drilling program. The
intersection of these two zones may host a far larger gold target.
The Ahmik zone was identified during compilation work as an
untested soil anomaly (1984 survey and a 2009 airborne magnetic
survey). Historical soil sampling on the Ahmik zone assayed over
1.0 g/t gold. As no mapping or rock sampling was available to guide
the targeting, four holes totalling 398 metres were drilled across
the gold soil anomaly. All drill holes intersected sheared, altered
and pyrite mineralized quartz veins, similar to known gold bearing
veins on the property, in particular the Sturgeon Mine # 3 quartz
vein, which had been subject to previous mining between 1936 and
1942 (145,123 tons mined at 0.505 oz/ton Au recovered (17.31 g/t)).
Holes LME12-026 and LME12-027 returned anomalous results on these
veins structures with the highest values being from 18.00m to
19.75m (1.75m) grading 1.02 g/t Au in LME12-027, including 0.50m
grading 3.42 g/t Au. The remaining zones of mineralization were all
less than 0.50 g/t Au. The alteration, mineralogy and structure of
these veins are indicative of a potential larger gold target which
therefore encourages further exploration drilling to determine the
potential of these vein structures to contain economic grades of
gold. ITUHA ZONE The Ituha zone is also previously untested and
undrilled, and is located on claims located to the east of the
Sturgeon River property. One hole (LPG12-001), totalling 101 metres
was drilled across a VTEM anomaly. Three widely separated narrow
quartz veins with pyrrhotite, pyrite +/- chalcopyrite were
intersected. Two veins graded greater than 1 g/t Au, with the best
assay from 29.70m to 30.24m (0.54m) grading 1.61 g/t Au. This
zone will be further prospected along the trend of the VTEM
conductor during the summer of 2012. LAURION'S EXPLORATION STRATEGY
FOR THE STURGEON RIVER PROPERTIES As noted previously, the most
recent program was carried out as a complement to Laurion's main
target focus on its Tehya - Beaurox VMS polymetallic base metal
play. Laurion is currently compiling the extensive diamond
drilling data base (over 200 drill holes) on known polymetallic
zones extending from the original Sturgeon River property
(Tehya-Ahki zones) and striking northeast onto the Beaurox property
(A-Zone/D-Zone). Based on preliminary analysis of the historical
drilling, including drill hole 92-58 grading 5.10 g/t Au, 24.8 g/t
Ag, 0.40% Cu and 3.90% Zn over 4.00 metres, combined with Laurion's
recent drill results on its Tehya and Ahki zones, including drill
hole LME10-007 grading 0.45 g/t Au, 27.8 g/t Ag, 0.94% Cu and 3.91%
Zn over 4.08 metres, Laurion is planning an aggressive exploration
program to explore a Target Deposit size of: Target Deposit
Potential - Sturgeon River to Beaurox Trends
___________________________________________________________________
|Potential Tonnage |Gold Grade |Silver Grade|Zinc Grade|Copper
Grade| | Range | Range | Range | Range | Range | | (tonnes) | (gpt)
| (gpt) | % | % |
|__________________|___________|____________|__________|____________|
|4.0 to 6.0 million|1.5 to 3.0 | 20 to 30 |2.5 to 3.5|0.25 to 0.50|
|__________________|___________|____________|__________|____________|
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. Field checking of
historical collars will be carried out in April of 2012, which will
allow accurate placement of the 1988, 1990, and 1992 drilling
carried out on the A-Zone on the Beaurox property. Based on this
positional work, a drill program comprised of twinning, infill and
extensional exploration drilling will be carried out with the goal
of bringing the A-Zone to a NI 43-101 compliant resource estimate.
It is expected that this program will take approximately 6 months
to complete. This work will be followed with grid drilling along
the Tehya-Ahki zone with sufficient drill spacing to allow this
area to advance to NI 43-101 resource estimation. It is expected
that this work will take 12-18 months to complete. 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 is a Qualified Person as defined in "National
Instrument 43-101, Standards of Disclosure for Mineral Properties."
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 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
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 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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