Laurion Intersects 12.84m of 3.31 g/t Au, 18.1 g/t Ag and 3.72% Zn
Including 4.04m of 5.25 g/t Au, 40.1 g/t Au, 8.38% Zn and 1.24% Pb
TORONTO, Oct. 18, 2012 /CNW/ - Laurion Mineral
Exploration Inc. (TSXV: LME) and (OTCQX: LMEFF)
("Laurion" or the "Corporation") is pleased to
announce the drill results of the 8th, 9th,
10th and 11th drill holes of a 15-hole drill
program designed to confirm and expand the Volcanic Massive
Sulphide ("VMS") mineralized northeastern end of the A-Zone of the
Loki Trend. The A-Zone is a 1km wide by 3km long gold and silver
rich corridor hosting three sub-parallel zinc dominant volcanogenic
massive sulphide (VMS) horizons.
Assay results of the first drill holes, LBX12-001 through
LBX12-007 were announced on the September
18, 2012 and October 2, 2012;
and can be viewed at the bottom of the press release and in tabular
form at
http://www.laurion.ca/s/sturgeon_river.asp?ReportID=531128.
Cynthia Le
Sueur-Aquin, President and CEO of Laurion commented,
"Assays results to date suggest that the mineralized A-Zone's
width and grade is increasing at depth, as we have evidenced in
hole LBX12-001, LBX12-002 and in hole LBX12 010 which returned
12.84m of 3.31 g/t Au, 18.1 g/t Ag and 3.72% Zn."
Cross-Sections of these holes can be viewed at
http://www.laurion.ca/s/sturgeon_river.asp?ReportID=552927
The Sturgeon River is a typical VMS target type
having stacked gold-rich massive sulphide lenses, which are
deformed and tilted, that host base metals of silver-copper-zinc.
These massive sulphide lenses are located at the contact between
felsic-intermediate volcanics and porphyritic felsic units.
Laurion is diligently working towards its
ultimate goal of NI 43-101 mineral resource compliant report on the
property, while developing a comprehensive database of 283 drill
holes totalling 42,230 metres and inventory of detailed geological
mapping and prospecting.
A-Zone Hole LBX12-008 was collared next to
LBX12-002. Hole LBX12-008 was drilled at a shallower dip than
LBX12-002 to intersect the A-Zone main mineralization up-dip of
LBX12-002. LBX12-008 intersected 3.0m @ 1.88 g/t Au and 1.20% Zn
and 3.50m @ 1.22 g/t Au and 1.04% Zn. Hole LBX12-008
intersected both mineralized horizons within a wide zone of
alteration similar to LBX12-002. Assay results are as
follows:
| LBX12-008 |
From (m) |
To (m) |
Length (m) |
Au g/t |
Ag g/t |
Cu % |
Zn % |
| |
40.80 |
47.00 |
6.20 |
0.61 |
6.1 |
0.04 |
0.71 |
| Incl. |
40.80 |
42.35 |
1.55 |
1.06 |
15.4 |
0.07 |
1.34 |
| |
51.60 |
55.00 |
3.40 |
0.35 |
1.1 |
|
0.52 |
| |
63.00 |
66.00 |
3.00 |
1.40 |
1.4 |
|
|
| |
103.00 |
105.00 |
2.00 |
0.28 |
1.9 |
0.04 |
0.51 |
| |
127.00 |
132.00 |
5.00 |
0.21 |
|
|
|
Hole LBX12-009 was collared 25m west of
LBX12-001 and 25m east of LBX12-002, and was targeted to map the
continuity of the mineralized A-Zone between holes LBX12-001 and
LBX12-002 at a shallow depth. LBX12-009 intersected the broad zone
of alteration and mineralization characteristic of the A-Zone, and
intersected multiple zones of higher grade gold-zinc
mineralization. Assay results are as follows:
| LBX12-009 |
From (m) |
To (m) |
Length (m) |
Au g/t |
Ag g/t |
Cu % |
Zn % |
| |
25.00 |
108.00 |
83.00 |
0.16 |
1.5 |
0.01 |
0.12 |
| Incl. |
28.00 |
30.00 |
2.00 |
0.47 |
12.6 |
0.09 |
1.01 |
| Incl. |
44.00 |
46.50 |
2.50 |
0.28 |
1.6 |
0.02 |
0.35 |
| Incl. |
61.50 |
62.50 |
1.00 |
2.86 |
8.4 |
0.20 |
1.09 |
| Incl. |
67.00 |
72.00 |
5.00 |
0.23 |
|
|
|
| Incl. |
79.90 |
83.50 |
3.60 |
0.20 |
|
|
|
| Incl. |
105.00 |
108.00 |
3.00 |
0.30 |
2.3 |
0.02 |
0.35 |
Hole LBX12-010 was collared immediately next to
LBX12-009, but drilled at a steeper dip to intersect the main
mineralization of the A-Zone at greater depth, similar to holes
LBX12-001 and LBX12-001. Hole LBX12-010 revealed wider zones of the
high grade mineralization seen in previous drill holes, giving rise
to the potential that the A-zone is increasing in grade and width
at depth. Assay results are as follows:
| LBX12-010 |
From (m) |
To (m) |
Length (m) |
Au g/t |
Ag g/t |
Cu % |
Zn % |
Pb % |
| |
35.00 |
148.00 |
113.00 |
0.50 |
3.2 |
0.02 |
0.63 |
|
| Incl. |
46.16 |
59.00 |
12.84 |
3.31 |
18.1 |
0.09 |
3.72 |
0.42 |
| Incl. |
46.16 |
50.20 |
4.04 |
5.26 |
40.1 |
0.29 |
8.38 |
1.24 |
| Incl. |
68.75 |
76.50 |
7.75 |
0.86 |
9.5 |
0.05 |
2.10 |
0.13 |
| Incl. |
68.75 |
71.00 |
2.25 |
2.58 |
30.3 |
0.14 |
6.72 |
0.43 |
| Incl. |
146.00 |
148.00 |
2.00 |
0.15 |
3.5 |
0.07 |
1.04 |
|
Hole LBX12-011 was collared 65m along strike
east of LBX12-010. The hole appeared to cross only part of
wider altered and mineralized horizon seen in the previous
drilling, and possibly located in a fault off-set. Assay
results are as follows:
| LBX12-011 |
From (m) |
To (m) |
Length (m) |
Au g/t |
Ag g/t |
Cu % |
Zn % |
Pb % |
| |
19.00 |
36.00 |
17.00 |
0.26 |
0.3 |
|
0.12 |
|
| Incl. |
22.00 |
26.55 |
4.55 |
0.49 |
6.0 |
|
0.33 |
0.08 |
| Incl. |
22.00 |
24.00 |
2.00 |
0.81 |
11.2 |
|
0.46 |
0.14 |
| Incl. |
32.65 |
36.00 |
3.35 |
0.32 |
|
|
|
|
The true thicknesses of the mineralized zones
are currently unknown, but based on core angles observed in core
they may range from 50-90%. As results continue to come in from the
drill program, construction of cross sections and modelling of
mineralized horizons will provide better control on zone
orientation
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 3.0 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."
Previously Announced Drill Holes LBX12-001 to
LBX12-007
| |
From (m) |
To (m) |
Length (m) |
Au g/t |
Ag g/t |
Cu % |
Zn % |
| LBX12-001 |
|
|
|
|
|
|
|
| Total A-Zone |
44.0 |
100.0 |
56.0 |
0.46 |
1.4 |
0.02 |
0.52 |
| incl. |
76.5 |
85.0 |
8.5 |
1.82 |
2.5 |
0.04 |
1.65 |
| incl. |
77.0 |
79.5 |
2.5 |
3.10 |
2.2 |
0.02 |
3.24 |
| |
|
|
|
|
|
|
|
| LBX12-002 |
|
|
|
|
|
|
|
| Total A-Zone |
53.0 |
97.0 |
44.0 |
0.31 |
1.6 |
0.02 |
0.23 |
| incl. |
55.0 |
58.0 |
3.0 |
1.88 |
10.7 |
0.08 |
1.20 |
| incl. |
86.5 |
91.0 |
4.5 |
1.02 |
2.8 |
0.03 |
1.03 |
| and |
156.0 |
157.0 |
1.0 |
0.24 |
1.5 |
0.09 |
1.21 |
| |
|
|
|
|
|
|
|
| LBX12-003 |
|
|
|
|
|
|
|
| Total A-Zone |
160.34 |
161.00 |
0.66 |
0.23 |
4.1 |
0.11 |
1.11 |
| |
175.90 |
176.50 |
0.60 |
0.64 |
1.7 |
0.06 |
1.49 |
| |
192.45 |
200.00 |
7.55 |
0.27 |
8.6 |
0.15 |
0.74 |
| incl. |
192.45 |
195.00 |
2.55 |
0.59 |
19.2 |
0.30 |
1.19 |
| |
|
|
|
|
|
|
|
| LBX12-004 |
|
|
|
|
|
|
|
| Total A-Zone |
105.0 |
106.0 |
1.00 |
3.67 |
nsv* |
nsv* |
nsv* |
| |
174.8 |
176.0 |
1.20 |
3.96 |
7.8 |
0.17 |
0.80 |
| |
|
|
|
|
|
|
|
| LBX12-005 |
From (m) |
To (m) |
Length m) |
Au g/t |
Ag g/t |
Cu % |
Zn % |
| Total A-Zone |
110.70 |
119.00 |
8.30 |
0.47 |
1.6 |
|
|
| Incl. |
113.00 |
114.00 |
1.00 |
1.08 |
|
|
|
| |
118.00 |
119.00 |
1.00 |
1.58 |
4.9 |
|
|
| |
131.00 |
137.00 |
6.00 |
0.10 |
3.1 |
0.04 |
0.24 |
| |
152.00 |
176.00 |
24.00 |
0.17 |
3.0 |
0.05 |
0.40 |
| Incl. |
155.00 |
155.50 |
0.50 |
0.19 |
1.8 |
|
1.90 |
| Incl. |
166.00 |
166.50 |
0.50 |
1.90 |
33.1 |
0.50 |
3.50 |
| Incl. |
172.46 |
175.00 |
2.54 |
0.58 |
8.4 |
0.13 |
1.47 |
| |
187.55 |
190.00 |
2.45 |
|
|
|
0.32 |
| |
|
|
|
|
|
|
|
| LBX12-006 |
From (m) |
To (m) |
Length m) |
Au g/t |
Ag g/t |
Cu % |
Zn % |
| Total A-Zone |
17.00 |
26.00 |
9.00 |
0.25 |
1.9 |
|
0.29 |
| Incl. |
19.00 |
20.00 |
1.00 |
1.18 |
8.7 |
|
1.44 |
| |
67.00 |
67.50 |
0.50 |
2.98 |
4.3 |
0.09 |
0.64 |
| |
114.00 |
118.00 |
4.00 |
0.30 |
1.3 |
|
0.12 |
| |
135.00 |
140.05 |
5.05 |
1.23 |
9.0 |
0.11 |
2.82 |
| Incl. |
138.80 |
140.05 |
1.25 |
4.24 |
30.6 |
0.40 |
10.5
2 |
| |
|
|
|
|
|
|
|
| LBX12-007 |
From (m) |
To (m) |
Length m) |
Au g/t |
Ag g/t |
Cu % |
Zn % |
| Total A-Zone |
23.17 |
46.65 |
23.48 |
0.28 |
1.8 |
|
0.17 |
| Incl. |
23.17 |
24.10 |
0.93 |
0.50 |
9.0 |
|
1.40 |
| Incl. |
32.56 |
33.26 |
0.70 |
0.94 |
17.6 |
0.19 |
1.10 |
| Incl. |
37.15 |
37.90 |
0.75 |
1.03 |
|
|
|
| Incl. |
45.00 |
46.65 |
0.90 |
0.90 |
1.5 |
|
0.59 |
| |
58.50 |
62.75 |
4.25 |
0.32 |
|
|
|
| |
75.00 |
81.70 |
6.70 |
0.10 |
|
|
|
| |
90.00 |
95.00 |
5.00 |
0.14 |
|
|
|
| |
103.00 |
104.00 |
1.00 |
7.38 |
|
|
|
| |
|
|
|
|
|
|
|
About Laurion Mineral Exploration
Inc.
Laurion Mineral Exploration Inc. is a junior
mining company focusing on the upside of its 100%-owned Sturgeon
River property, a high impact project with a primary focus on gold
and secondary focus in base metals.
With proven ability to develop early stage
projects and create shareholder value by monetizing its discoveries
and assets, Laurion has realized a total of $6.35 million in the last two years from
monetization of its assets. The Corporation's current focus is on
resource development at Sturgeon River, located in Beardmore, Ontario, approximately 220 km
northeast of Thunder Bay.
Neither the TSX Venture Exchange (the
"TSX-V") nor its Regulation Services Provider (as that term
is defined in the policies of the TSX-V) 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.