Laurion Announces Prospecting Results on its Surgeon River
2012年7月18日 - 3:02AM
PR Newswire (Canada)
Au/Ag Rich VMS Target with High Grade Grab Samples up to 53.00 g/t
Au, 133 g/t Ag, 1.86% Cu and 27.50% Zn TORONTO, July 18, 2012 /CNW/
- Laurion Mineral Exploration Inc. and (OTCQX: LMEFF) ("Laurion" or
the "Corporation") is very pleased to announce the results of
assays taken from its recent program of prospecting over the 2.7 km
of strike length covering the Tehya, Ahki, Loki and A-Zone precious
metal rich volcanogenic massive sulphide (VMS) trends. Laurion
began exploring the VMS trend on its Sturgeon, Sturgeon North and
Beaurox properties in 2010. Following initial drilling in 2010 and
2011 Laurion announced in November 2011 (news release November 22,
2011) that it was pursuing 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. To explore the Target
Deposit area, Laurion began compiling information on more than 200
diamond drill holes completed since the 1950's and including holes
drilled by Laurion from 2010 to 2012. These drill holes cover
portions of the Tehya, Ahki, Loki and A-Zone precious metal rich
VMS trends, as well as the adjacent River Zone Cu-Au trend to the
north. This compilation has recently been completed and allowed
Laurion to initiate targeted prospecting along the trends of
mineralization and to complete an initial orientation drill program
on the A-Zone (assays pending). The prospecting successfully
exposed mineralization in trenches on extensions to the A-Zone
(defined by approximately 90 historical diamond drill holes) both
to the southwest and northeast; on zones parallel to the Tehya
zone; and on the River Zone (East and West). The assays reported
below are from grab samples taken from exposed mineralization in
trenches and outcrops. Loki Trend A-Zone Northeast Extension The
sampling took place in trenches located on the Beaurox property
approximately 250 metres northeast and along strike of drilling
completed by Laurion in June 2012 (assays pending). A total of 14
samples were taken along 125 metres of strike length. Best assay
results included 15.30 g/t Au, 77.8 g/t Ag and 27.50% Zn. Complete
assay results of base and precious metals is included in the table
below. ___________________________________________________________
|Sample # |Zone |Au g/t|Ag g/t|Cu %|Pb %| Zn %|
|_________|___________________|______|______|____|____|_____|
|S#1087368|A-Zone NE Extension| 0.09| 3.2|0.01|0.01| 0.08|
|_________|___________________|______|______|____|____|_____|
|S#1087369|A-Zone NE Extension| 0.37| 12.3|0.03|0.01| 0.21|
|_________|___________________|______|______|____|____|_____|
|S#1087370|A-Zone NE Extension| 0.09| 7.5|0.02|0.01| 0.01|
|_________|___________________|______|______|____|____|_____|
|S#1087371|A-Zone NE Extension| 0.01| 0.5|0.00|0.00| 0.00|
|_________|___________________|______|______|____|____|_____|
|S#1087372|A-Zone NE Extension| 0.04| 1.4|0.00|0.01| 0.01|
|_________|___________________|______|______|____|____|_____|
|S#1087373|A-Zone NE Extension| 0.03| 2.3|0.01|0.01| 0.02|
|_________|___________________|______|______|____|____|_____|
|S#1087374|A-Zone NE Extension| 0.74| 75.9|0.36|0.27| 2.89|
|_________|___________________|______|______|____|____|_____|
|S#1087375|A-Zone NE Extension| 15.30| 9.4|0.01|0.15| 0.02|
|_________|___________________|______|______|____|____|_____|
|S#1087376|A-Zone NE Extension| 0.03| 1.0|0.01|0.00| 0.03|
|_________|___________________|______|______|____|____|_____|
|S#1087377|A-Zone NE Extension| 3.64| 77.8|0.03|0.04| 0.05|
|_________|___________________|______|______|____|____|_____|
|S#1087378|A-Zone NE Extension| 5.24| 75.9|0.02|0.03| 0.06|
|_________|___________________|______|______|____|____|_____|
|S#1087379|A-Zone NE Extension| 0.16| 8.8|0.08|0.01| 1.13|
|_________|___________________|______|______|____|____|_____|
|S#1087380|A-Zone NE Extension| 0.70| 28.4|0.12|0.30|27.50|
|_________|___________________|______|______|____|____|_____| Loki
Trend A-Zone Southwest Extension The sampling took place in
trenches located on the Sturgeon property approximately 440 metres
southwest and along strike of drilling completed by Laurion in
2011, which initially identified the Loki Trend. The Loki Trend is
now projected to be the southwest strike extension of the A-Zone on
the Beaurox property, and occurs approximately 400 metres south and
parallel to the Tehya Zone. A total of 7 samples were taken along
220 metres of strike length. Best assay results included 42.30 g/t
Au and 18.80% Zn. Complete assay results of base and precious
metals is included in the table below.
____________________________________________ |Sample # |Zone|Au
g/t|Ag g/t|Cu %|Pb %| Zn %|
|_________|____|______|______|____|____|_____| |S#1087410|Loki|
0.11| 1.0|0.01|0.01| 0.02|
|_________|____|______|______|____|____|_____| |S#1087411|Loki|
1.63| 5.7|0.03|0.00|18.80|
|_________|____|______|______|____|____|_____| |S#1087412|Loki|
0.50| 8.3|0.01|0.02| 0.22|
|_________|____|______|______|____|____|_____| |S#1087413|Loki|
0.43| 1.8|0.00|0.00| 0.03|
|_________|____|______|______|____|____|_____| |S#1087414|Loki|
42.30| 6.2|0.00|0.00| 0.02|
|_________|____|______|______|____|____|_____| |S#1087415|Loki|
0.17| 0.2|0.00|0.00| 0.01|
|_________|____|______|______|____|____|_____| |S#1087416|Loki|
0.04| 0.2|0.00|0.00| 0.01|
|_________|____|______|______|____|____|_____| A2 Zone The sampling
took place in trenches located on the Sturgeon property
approximately 300 metres south and parallel to the Tehya Zone. A
total of 7 samples were taken along 820 metres of strike length.
Best assay results included 53.00 g/t Au and 23.5 g/t Ag and 18.90%
Zn. Complete assay results of base and precious metals is included
in the table below. ____________________________________________
|Sample # |Zone|Au g/t|Ag g/t|Cu %|Pb %| Zn %|
|_________|____|______|______|____|____|_____| |S#1087396|A2 |
1.06| 17.7|0.38|0.01|13.80|
|_________|____|______|______|____|____|_____| |S#1087397|A2 |
0.30| 0.6|0.00|0.00| 0.07|
|_________|____|______|______|____|____|_____| |S#1087401|A2 |
53.00| 23.5|0.00|0.00| 0.02|
|_________|____|______|______|____|____|_____| |S#1087402|A2 |
0.33| 3.3|0.02|0.03| 0.80|
|_________|____|______|______|____|____|_____| |S#1087403|A2 |
0.16| 0.6|0.00|0.00| 0.01|
|_________|____|______|______|____|____|_____| |S#1087404|A2 |
0.10| 1.0|0.00|0.00|10.60|
|_________|____|______|______|____|____|_____| |S#1087405|A2 |
4.58| 13.6|0.07|0.01|18.90|
|_________|____|______|______|____|____|_____| 85-A2 Zone The
sampling took place in trenches located on the Sturgeon property
approximately 150 metres south and parallel to the Tehya Zone. A
total of 8 samples were taken along 350 metres of strike length.
Best assay results included 2.53 g/t Au and 91.1 g/t Ag, 1.66% Cu
and 15.00% Zn. Complete assay results of base and precious metals
is included in the table below.
__________________________________________________ |Sample ID|Zone
|Au g/t|Ag g/t|Cu %|Pb %| Zn %|
|_________|__________|______|______|____|____|_____|
|S#1087390|85-A2 Zone| 0.25| 7.6|0.07|0.03| 0.15|
|_________|__________|______|______|____|____|_____|
|S#1087391|85-A2 Zone| 0.28| 7.0|0.27|0.01| 3.44|
|_________|__________|______|______|____|____|_____|
|S#1087392|85-A2 Zone| 1.84| 1.1|0.00|0.00| 0.02|
|_________|__________|______|______|____|____|_____|
|S#1087393|85-A2 Zone| 2.53| 6.1|0.08|0.02| 0.65|
|_________|__________|______|______|____|____|_____|
|S#1087394|85-A2 Zone| 0.78| 0.6|0.00|0.00| 0.01|
|_________|__________|______|______|____|____|_____|
|S#1087395|85-A2 Zone| 0.66| 14.7|0.87|0.01|15.00|
|_________|__________|______|______|____|____|_____|
|S#1087408|85-A2 Zone| 0.29| 91.1|1.66|0.20| 5.75|
|_________|__________|______|______|____|____|_____|
|S#1087409|85-A2 Zone| 0.46| 51.6|1.16|0.03| 1.00|
|_________|__________|______|______|____|____|_____| A4 Zone The
sampling took place in trenches located on the Sturgeon property
approximately 200 metres northeast of the 85-A2 sampling. The A-4
is possibly the extension of the 85-A2 zone. A total of 8
samples were taken along 260 metres of strike length. Best assay
results included 1.96 g/t Au and 133.0 g/t Ag, 0.56% Cu, 2.95% Pb
and 9.37% Zn. Complete assay results of base and precious metals is
included in the table below.
___________________________________________ |Sample ID|Zone|Au
g/t|Ag g/t|Cu %|Pb %|Zn %|
|_________|____|______|______|____|____|____| |S#1087398|A4 | 1.96|
133.0|0.56|2.95|7.10| |_________|____|______|______|____|____|____|
|S#1087406|A4 | 0.36| 3.4|0.26|0.00|0.28|
|_________|____|______|______|____|____|____| |S#1087407|A4 | 0.48|
23.2|0.19|0.05|9.37| |_________|____|______|______|____|____|____|
|S#1087417|A4 | 0.32| 65.0|0.93|0.04|0.18|
|_________|____|______|______|____|____|____| River Zone West The
sampling took place in trenches located on the Sturgeon North
property. Two sub-parallel zones of mineralization were identified
approximately 60-75 apart across strike. The northerly zone was
sampled over 350 metres of strike and is a gold zone. The southerly
zone is a copper, silver and gold zone. A total of 8 samples
were taken along 260 metres of strike length. Best assay results
included 6.86 g/t Au and 48.9 g/t Ag, and 1.86% Cu. Complete assay
results of base and precious metals is included in the table below.
________________________________________________________ |Sample
ID|Zone |Au g/t|Ag g/t|Cu %|Pb %|Zn %|
|_________|_________________|______|______|____|____|____|
|S#1087381|River Zone West-N| 0.01| 0.2|0.00|0.00|0.03|
|_________|_________________|______|______|____|____|____|
|S#1087382|River Zone West-N| 6.86| 3.2|0.00|0.02|0.03|
|_________|_________________|______|______|____|____|____|
|S#1087383|River Zone West-N| 2.00| 1.9|0.00|0.00|0.01|
|_________|_________________|______|______|____|____|____|
|S#1087384|River Zone West-N| 0.70| 1.7|0.00|0.01|0.01|
|_________|_________________|______|______|____|____|____|
|S#1087385|River Zone West-N| 0.15| 0.4|0.00|0.00|0.00|
|_________|_________________|______|______|____|____|____|
|S#1087386|River Zone West-N| 1.17| 1.1|0.00|0.00|0.00|
|_________|_________________|______|______|____|____|____|
|S#1087387|River Zone West-N| 1.45| 1.3|0.00|0.00|0.00|
|_________|_________________|______|______|____|____|____|
|S#1087388|River Zone West-S| 0.15| 48.9|1.86|0.00|0.03|
|_________|_________________|______|______|____|____|____|
|S#1087389|River Zone West-S| 0.57| 6.6|0.45|0.00|0.02|
|_________|_________________|______|______|____|____|____| River
Zone East The sampling took place in trenches located on the
northern part of the Beaurox property. The zones of mineralization
appear to be a strike extension of the copper, silver and gold zone
on the River West south zone. Samples were taken over 860 metres of
strike length. A total of 8 samples were taken along 260
metres of strike length. Assay results were generally low and all
results are included in the table below.
______________________________________________________ |Sample
ID|Zone |Au g/t|Ag g/t|Cu %|Pb %|Zn %|
|_________|_______________|______|______|____|____|____|
|S#1087354|River Zone East| 0.02| 0.8|0.00|0.00|0.00|
|_________|_______________|______|______|____|____|____|
|S#1087355|River Zone East| 0.00| 0.5|0.00|0.00|0.01|
|_________|_______________|______|______|____|____|____|
|S#1087356|River Zone East| 0.01| 1.4|0.00|0.00|0.01|
|_________|_______________|______|______|____|____|____|
|S#1087357|River Zone East| 0.00| 1.2|0.01|0.00|0.02|
|_________|_______________|______|______|____|____|____|
|S#1087358|River Zone East| 0.00| 0.5|0.00|0.00|0.01|
|_________|_______________|______|______|____|____|____|
|S#1087359|River Zone East| 0.81| 0.6|0.01|0.00|0.01|
|_________|_______________|______|______|____|____|____|
|S#1087360|River Zone East| 0.00| 0.2|0.01|0.00|0.01|
|_________|_______________|______|______|____|____|____|
|S#1087361|River Zone East| 0.08| 11.9|0.90|0.00|0.01|
|_________|_______________|______|______|____|____|____|
|S#1087362|River Zone East| 0.10| 3.9|0.17|0.00|0.01|
|_________|_______________|______|______|____|____|____| A further
9 samples were taken from other zones within the 3 properties, but
none had significant results. The prospecting results, coupled with
Laurion's and historical drilling has identified a belt of
northeast trending felsic to intermediate fragmental volcanics
extending along strike for 2.7 kilometres and across 500 metres of
stratigraphy that contains significant zones of precious metal rich
VMS mineralization. Laurion is currently planning definition and
exploration drill programs along this trend. This drilling will be
carried out through the remainder of the summer and into the fall
of 2012. The ultimate goal of this drilling is the development of
NI43-101 compliant mineral resources. All sampling from the 2012
prospecting program were delivered by GeoVector Management Inc.
personnel to the Activation Laboratories ("Actlabs") facility in
Thunder Bay and/or Geraldton. Actlabs is an ISO/IEC 17025
accredited analytical laboratory. Analysis for gold was by fire
assay with AA finish, followed by fire assay with gravimetric
finish for samples over 3 g/t Au. Samples were also treated with a
multi-acid ICP process, and base metal values over detection limit
were treated to ore grade base metal assays. Analytical accuracy
and precision are monitored at the laboratory by the analysis of
reagent blanks, reference material and replicate samples. Quality
control is further assured by the use of international and in-house
standards. GeoVector also routinely inserted blanks and certified
standards into the sample stream in order to independently assess
analytical accuracy. All certified standard assays were within
acceptable limits. 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. 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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