Laurion Commences Drill Program on Loki Trend Located within Kilometre Wide Precious Metal Rich Corridor
2012年5月14日 - 11:00PM
PR Newswire (Canada)
TORONTO, May 14, 2012 /CNW/ - Laurion Mineral Exploration Inc. and
(OTCQX: LMEFF) ("Laurion" or the "Corporation") is pleased to
announce that Northstar Drilling of Thunder Bay has mobilized a
drill onto the Sturgeon River property, and that drilling has
commenced. The drill program is composed of 1,200m of diamond
drilling on the "A"-Zone, on the 2,000m strike of the Loki trend.
Historical exploration drilling campaigns (1987, 1988, 1990 and
1992) were conducted on the "A"-Zone, within the Loki trend. The
Corporation's current drill program will be conducted in proximity
to the historic drill holes shown in the table below. The "A"-Zone
crosses a deformation zone hosting gold-zinc mineralization, thus
confirming the continuity of the "A"-Zone, which resulted in
discovery of significant polymetallic (gold-silver-copper-zinc)
horizons with highlights of drill hole intersections that include:
________________________________________________________ | | From |
To |Interval| | | | | |Hole ID| (m) | (m) | (m) |Au g/t|Ag g/t| Cu%
| Zn% | |_______|______|______|________|______|______|_____|_____|
| 90-39 |172.66|181.69| 9.03 | 1.79 | 10 |0.07 |1.92 |
|_______|______|______|________|______|______|_____|_____| | 92-58
|139.80|143.80| 4.00 | 4.40 | 22.7 |0.34%|3.85%|
|_______|______|______|________|______|______|_____|_____| | 92-64
|45.80 |49.30 | 4.30 | 4.89 | 8.0 |0.04%|1.00%|
|_______|______|______|________|______|______|_____|_____| | 92-65
|30.20 |37.90 | 7.70 | 1.46 | 12.5 |0.05%|1.04%|
|_______|______|______|________|______|______|_____|_____| | |61.00
|61.70 | 0.70 |25.71 | |0.01%|1.21%|
|_______|______|______|________|______|______|_____|_____| | |79.10
|87.60 | 8.50 | 1.24 | 3.2 |0.04%|1.55%|
|_______|______|______|________|______|______|_____|_____| Two
types of mineralization occur on the Sturgeon River property: ― an
extensive silicified and brecciated envelope filled with chlorite,
pyrite, sphalerite, and locally, chalcopyrite; and ― high grade
lode gold style quartz veins, locally speckled by minor amounts of
chalcopyrite and pyrite. 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 occurring on multiple horizons within the kilometre wide
corridor. The Sturgeon River property can be described as contained
within a north-easterly volcanic "wedge" and is situated in an area
where the volcanics have been wedged in between the Coyle Lake
Stock to the south of the Namewaminikan River and the Elmhirst
Stock to the north. In the last year, Laurion has successfully
identified this kilometre wide corridor as having the potential to
host a precious metal rich Volcanic Massive Sulphide ("VMS")
deposit. Approximately 245 diamond drill holes totalling 35,159
metres have been completed on the Sturgeon River property to date,
with most of these drill holes testing down dip of surface
mineralization of 3 precious metal rich VMS trends, intersecting
the 3 zones to a shallow depth of approximately 100m below surface.
Laurion has developed a Target Deposit of 4.0 to 6.0 million tonnes
of 1.5 to 3.0 g/t gold, 20 to 30 g/t silver, 2.5 to 3.5% zinc and
0.25 to 0.50% copper, which suggests a combined strike length of
6,000 metres for the 3 zones of sulphides. The zones are
highlighted in the image below. Note: The potential quantity and
grade of the Target Deposit is conceptual in nature, there has been
insufficient exploration to define a mineral resource, and it is
uncertain as to whether further exploration will result in
discovery of a mineral resource. Field checking of historical drill
collars has been carried out, allowing accurate placement of the
locations of the 1988, 1990, and 1992 drill holes carried out on
the "A"-Zone. Based on this positional work, this drill program is
the first phase of a number of drill programs which will comprise
of twinning, infill and extensional exploration drilling, to be
carried out, with the goal of bringing the Loki trend to a NI
43-101 compliant resource estimate. It is expected that this drill
program may take approximately 6 to 8 months to complete. This work
will be followed with grid drilling along the Tehya-Ahki trend 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 the TSX Venture Exchange nor its
Regulation Services Provider 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. SOURCE Laurion
Mineral Exploration Inc. Image with caption: "STURGEON RIVER
Laurion Target Zones Beardmore, Ontario, Canada(CNW Group/Laurion
Mineral Exploration Inc.)". Image available at:
http://photos.newswire.ca/images/download/20120514_C7237_PHOTO_EN_13676.jpg
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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