🕐04.10.11 - 16:27 Uhr

LAURION CONTINUES TO INTERSECT PRECIOUS METAL RICH HORIZONS, REPORTING 7.59 G/T
AU, 2.0 G/T AG AND 1.02% ZN OVER 1.26M AND 9.91G/T AU AND 2.8G/T AG OVER 1.0M AT STURGEON RIVER, ON



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Laurion Continues to Intersect Precious Metal Rich Horizons, Reporting 7.59 g/t Au, 2.0 g/t Ag and 1.02% Zn over 1.26m and 9.91g/t Au and 2.8g/t Ag over 1.0m at Sturgeon River, ON

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TORONTO, Oct. 4, 2011 - Laurion Mineral Exploration Inc. (TSXV: LME) (OTCQX: LMEFF) ("Laurion") is pleased to announce results from the July 2011 drill program on the Tehya and Asha polymetallic base metal targets on its Sturgeon River Property, Beardmore, Ontario.

Two of the drill holes (179m) from this program examined the extent of the Tehya Zone, one drill hole at depth below the original showing (LME11-024), and one drill hole (LME11-025) was located 175m to the northeast of LME11-024 and on the projected 800 metre strike of the Tehya Zone between drill hole LME10-07 and drill hole LME11-017.

The Asha Zone was tested for the first time with six diamond drill holes totalling 1,360 metres (LME11-018 to LME11-023) targeting multiple strong chargeability anomalies identified in a ground geophysical survey completed in Q1-2011. Ninety-two samples were collected in September 2010 in a comprehensive prospecting program conducted over the Asha Zone, which resulted in gold values as high as 9.87 g/t Au, and 136 g/t Ag.

Highlights of the drill program occurred in the Tehya Zone and include:

LME11-024 - 9.91 g/t Au and 2.8 g/t Ag over 1.0m (28.30 to 29.30m),
including 17.50 g/t over 0.5m (28.30 to 28.80m); LME11-024 - 7.59 g/t Au, 2.0 g/t Ag and 1.02% Zn over 1.26m (56.74 to 58m),
including 12.90 g/t Au, 3.4 g/t Ag and 1.73 % Zn over 0.73m (57.27 to 58m); LME11-025 - 0.11g/t Au, 3.0 g/t Ag, 0.07% Cu and 0.68% Zn over 4.58m (7.57 to 12.15m),
including 3.2 g/t Ag and 2.23% Zn over 0.50m (11.00 to 11.50m); LME11-025a* - 0.06 g/t Au, 2.7 g/t Ag 0.06 % Cu and 1.11% Zn over 4.58m (7.56 to 12.12m),
including 3.0 g/t Ag and 2.36% Zn over 0.68m (7.56 to 8.24m); and
including 5.0 g/t Ag and 3.31% Zn over 0.55m (11.00-11.55m); LME11-025a - 4.11 g/t Au, 2.3 g/t Ag over 0.50m (30.40 - 30.90m)

*Drill hole LME11-025 was abandoned and the drill moved approximately 3m along strike to re-collar LME11-025a through the same stratigraphy.

Tehya Zone

The Tehya base metal zone was first drilled in the summer of 2010 and reported 0.45 g/t Au, 27.80 g/t Ag, 0.94% Cu and 3.91% Zn over 4.08 metres in drill hole LME10-07 within two parallel lenses of massive to semi-massive sulphides within sheared and brecciated volcanics. Drill hole LME11-017 was drilled before the spring break-up (2011) approximately 800 metres along strike of the "Tehya Extension" LME10-07 hole. The Tehya zone was successfully intersected approximately 30 metres vertically below surface and the assays from LME11-017 reported 0.10 g/t Au, 10.1 g/t Ag, 0.11% Cu and 2.85% Zn over 5.85 metres, including 0.05 g/t Au, 14.9 g/t Ag, 0.21% Cu and 9.79% Zn over 1.30 metres. The July 2011 drill program intersections in holes LME11-024, 025 and 025a illustrate the significant continuity and grade of this zone across 800 metres of strike length.The zone remains open to the northeast and southwest, and to depth.

In addition drill hole LME11-024 intersected a quartz vein (11A vein) in the hanging wall (28.30 to 28.80m) of the Tehya Zone (56.74 to 58.0m) and reported results of 9.91 g/t Au and 2.8 g/t Ag over 1.0m, including 17.50 g/t Au over 0.50m. A further quartz vein (9A) was intersected on the footwall side of the Tehya Zone with reported results of 3.02 g/t Au over 0.50m (112.0 to 112.50m). The 9A quartz vein was also apparent in drill hole LME11- 025 and reported assays results of 4.11 g/t Au and 2.3 g/t Ag over 0.50m (30.40-30.90m).

Laurion is encouraged by the potential of 800 metres of strike length on the Tehya Zone between holes LME10-07 and LME11-017. A possible further strike extension to the Tehya Zone is indicated in lower grade intersections in holes LME11-018 (2.3 g/t Ag and 0.13% Zn over 10m from 217.0 to 227.0m) and 019 (2.3 g/t Ag and 0.33% Zn over 7.5m from 21.5 to 29.0m). These drill holes are more than 1.1 kilometres southwest and along strike trend from the recognized Tehya Zone drill intercepts and surface showings. This could well increase the strike length of the Tehya mineralization to 1.9km with the 7 drill holes completed to date through the Tehya horizon. To date, the Tehya Zone has not been drilled more than 45 metres vertically below surface, and remains open down dip and along strike southwest of LME10-07 towards an IP anomaly defined by the ground geophysical survey near the Asha Zone. The Tehya zone is also open to the northeast beyond drill hole LME11-017.

As a result of this round of drilling on Tehya Zone, where the mineralization now has demonstrated continuity, the opportunity exists to begin developing a resource in this zone. The Tehya base metal zone appears to be one of several anomalous zinc/copper areas, which in combination with high grade gold and silver occurrences, is indicative of the multi-faceted potential of the Sturgeon River Property.

Asha Zone

Results from the IP survey completed in Q1-2011 on the Asha Zone located south of the Sturgeon River Mine area, indicated multiple strong chargeability anomalies, assumed to be associated with sulphides. A total of ninety two samples were collected in September 2010 in a comprehensive prospecting program conducted over the Asha Zone, which resulted in gold values as high as 9.87 g/t Au and 136 g/t Ag. Higher assay values were clustered along an east-northeast trend over a 1,800 metre strike length. The Asha Zone is adjacent to an 800 metre VLF EM anomaly that has no outcropping areas. Six drill holes were designed to intersect the mineralized horizon on the Asha Zone.

Hole LME11-018 was located on the far west of the grid and intersected a horizon of altered intermediate volcanics, which is assumed to be the extension of the Tehya horizon. This hole reported 2.3 g/t Ag and 0.13% Zn over an interval of 10 metres.

Hole LME11-019 is located to the south southeast of hole LME11-018 and intersected a similar horizon of intermediate volcanics, also thought to be the extension of the Tehya zone, reported assays of 2.3 g/t Ag and 0.33% Zn over 7.50m (21.5 to 29.0m), including 5.6 g/t Ag and 0.95% Zn over 1.0m (26 to 27m), and 0.56% Zn over 3.83m (112.17 to 116.0m), including 1.31% Zn over 0.57m (112.17 to 112.74m).

Holes LME11-020, LME11-021 and Hole LME11-022 located east of holes LME11-019 intersected weaker mineralized intermediate volcanics, shear zones and quartz veins with sulphides with a notable assay of 0.23 g/t Au and 1.49 % Zn over 0.5m in LME11-022.

Drill holes reported here were designed to intersect the mineralized horizons as close to normal to strike and dip as possible. All holes intersected the mineralized zones at 60-70 degrees to core axis, and true widths are interpreted to be 80-90% of drill intersection widths.

All sampling from the 2010 programs 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 Laurions Sturgeon River project and he is a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Properties."

About Laurion Minerals Exploration Inc.

The Corporations focus is to make the transition from explorer to near-term producer and envisages the realization of shareholder value and wealth through monetization of its discoveries and assets. Laurions exploration horizons are focused primarily on gold with a secondary interest in base metals and PGEs with key interests in prospective mining properties located in Ontario and Churchill County, Nevada USA.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain forward-looking statements concerning the future performance of Laurions business, operations and financial performance and condition, as well as managements objectives, strategies, beliefs and intentions. Such statements include, but are not limited to, statements concerning the approval of Laurions application to trade its common shares over the facilities of the OTCQX and the commencement of such trading. 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, as described in more detail in our recent securities filings available at 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.

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