LME Laurion Mineral Exploration Inc

TORONTO, Nov. 8, 2012 /CNW/ - Laurion Mineral Exploration Inc. (TSX-V: LME; OTCQX: LMEFF) ("Laurion" or the "Corporation") is pleased to announce the drill results of the 12^th, 13^th, 14^th and 15^th drill holes of its 15-hole program that achieved a 100% drill-success rate on completion.

The 15-hole program was designed to confirm and expand the northeastern end of the Volcanic Massive Sulphide ("VMS") A-Zone of the Loki Trend. The A-Zone is a 1km wide by 3km long gold and silver rich VMS corridor hosting three sub-parallel zinc dominant horizons. The Loki Zone is best described as a series of stacked gold-rich base metal zones, enveloped by a large lower grade gold and base metal halo.

Cynthia Le Sueur-Aquin, President and CEO of Laurion commented, ``Our optimistic stance on the A-Zone has been substantiated by our record of drilling so far. Drill testing conducted to date has been shallow, only to a maximum vertical depth of approximately 150 metres and generally less than 100 metres in depth. Nonetheless, our deeper drilling has shown that the grade and mineralized width of the VMS alteration and mineralization is increasing at depth, which suggests the possibility of wider and even richer zones below the 150-metre level."

A-Zone Hole LBX12-012 was collared 70m southwest along strike of LBX12-002. Assay results are as follows:

LBX12-013 was collared 65m southwest along strike of LBX12-012. Assay results are as follows:

LBX12-014 was collared 250m northeast along strike of LBX12-001. Assay results are as follows:

LBX12-015 was collared 50m behind and down dip of hole LBX12-011. LBX12-015 retuned assays showing a wide zone of alteration with weak gold and zinc. Best assays returned a value of 0.35 g/t Au over 0.50m and 0.24% Zn over 1.00m.

The true thicknesses of the mineralized zones are currently unknown, but based on core angles observed in core they may range from 50-90%. Laurion is currently interpreting the results from the drill program with construction of cross-sections and modelling of mineralized horizons. This will provide better control on zone orientation to be reported later.

Assay results of the first drill holes, LBX12-001 through LBX12-007 were announced on the September 18, October 2 and October 18, 2012. Cross-sections of these holes can be viewed at http://www.laurion.ca/s/sturgeon_river.asp?ReportID=552927.

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."

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 on 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 220km 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.