Laurion Commences Drill Program on Northeast Extension of the 2.0 km Strike A-Zone on the Loki Trend
2012年8月15日 - 4:43PM
PR Newswire (Canada)
TORONTO, Aug. 16, 2012 /CNW/ - Laurion Mineral Exploration Inc. and
(OTCQX: LMEFF) ("Laurion" or the "Corporation") is very 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 of approximately 8 to 10 holes across 500 metres of
stratigraphy on the northeastern extension of the "A"-Zone on the
Loki trend. The precious metal rich Volcanic Massive Sulphide
("VMS") Loki trend has a postulated 2,000m strike length. This
phase will be one of a number of drill programs which will comprise
of twinning, infill and extensional exploration drilling. The
goal is to bring the Loki trend to a NI 43-101 compliant resource
estimate. It is expected that these drill programs will 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. 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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