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Laurion Mineral Exploration Inc. (TSX VENTURE:LME - News; OTCQX:LMEFF) ("Laurion") is pleased to announce the RC
("reverse circulation") drill results for holes BMG-31 to BMG-44
from the Company's 56 hole drill program at its 100% owned Bell Mountain
Project located in Churchill County, Nevada.
Summarizing the recent drill results
from the Varga zone, Cynthia Le Sueur-Aquin, President of Laurion
Mineral Exploration Inc. states, "This drill program has been most
successful in substantially increasing the size of the Varga
zone and confirming the grades of the historic drilling in the main Varga zone. The drilling has expanded the body of
heap-leach grade mineralization to an additional 12 to 30 meters as well as
extended the zone both to the East and West for 20 to 30 meters. The drilling
was also successful in identifying and delineating the economically
significant South Fault mineralization along the southern boundary of the
main Varga Zone. Drilling of the western 200 meters
of the Varga deposit clearly defined the extent and
continuity of similar heap-leach grade mineralization from sampled cross-cuts
in the Varga adit to
outcropping mineralization 75 meters above at the surface, indicating that
the mineralization persisted for at least 25 meters below the adit level."
A total of 11,220 feet (3,421 meters)of
RC drilling was completed on the Varga Zone in
holes BMG-1 to BMG-42 and BMG-44, and a total of 3,020 feet (921 meters) was
completed on the Spurr Zone in holes BMG-43 and
BMG-45 to BMG-56. Assays from drill holes BMG-45 through BMG-56 are pending
and shall be released upon availability. Highlights from these 14 drill holes
include 7.62 meters grading 3.37 g/t gold and 28.6 g/t silver. Assay results
are summarized in the table below.
Highlights for drill holes BMG-31 to BMG-44 are as follows:
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To Interval Interval
Hole ID From (ft.) (ft.) (ft.) (m) Au (g/t) Ag (g/t)
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BMG-31 50 60 10 3.05 0.48 5.3
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135 145 10 3.05 0.38 7.1
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185 265 80 24.38 0.62 12.5
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BMG-32 125 230 105 32.0 0.27 17.4
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BMG-33 25 35 10 3.05 0.29 3.1
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100 120 20 6.10 0.56 14.3
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225 270 45 13.72 0.33 11.4
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BMG-34 0 10 10 3.05 0.36 4.6
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35 45 10 3.05 0.28 5.3
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130 140 10 3.05 0.17 5.7
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230 295 65 19.81 0.31 21.2
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BMG-35 0 50 50 15.24 0.38 6.9
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85 105 20 6.10 0.33 4.7
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220 245 25 7.62 0.28 20.5
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BMG-36 165 195 30 9.14 0.25 10.6
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245 305 60 18.29 0.41 33.2
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BMG-37 20 40 20 6.10 0.38 6.6
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BMG-38 75 100 25 7.62 3.37 28.6
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115 155 40 12.19 0.24 8.8
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BMG-39 240 330 90 27.43 0.29 15.8
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360 370 10 3.05 0.26 17.0
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BMG-40 50 120 70 21.32 0.65 20.8
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135 150 15 4.57 0.16 10.2
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BMG-41 220 290 70 21.32 0.28 12.8
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350 380 30 9.14 0.21 17.9
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BMG-42 110 145 35 10.67 0.17 15.3
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BMG-44 35 50 15 4.57 0.15 20
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The assay results of BMG-31, 33, and 35,
which were drilled below the central portion of the main Varga
deposit, confirm and extend mineralization to depths of 12 to 30 meters below
the historic drilling. The grade and continuity of previously unknown
mineralization along the south side of the Varga
body, in the zone named the South Fault, was also confirmed by these holes.
Holes BMG-32, 34, 36-42 and 44 were
drilled in the western half of the Varga deposit,
above the Varga adit
along 200 meters of strike length. This area had few historic drill holes and
was not included in any prior resource calculations. These drill holes
confirmed the continuity of mineralization along strike and from the surface
vein outcrop down to the level of the Varga adit. The drill results indicate that the mineralized
zone is in fact wider than the exposures in the Varga
adit workings.
Qualified Person
The technical information contained in
this news release has been verified by Mr. Dana C. Durgin
(MSc, P.Geo), Laurion's Exploration Manager, and Mr. Douglas R. Wood (MSc, P.Geo), are the Qualified
Persons responsible for the scientific and technical work (as defined under
National Instrument 43-101) discussed in this press release, and have
reviewed this press release.
About Laurion
Minerals Exploration Inc.
The Corporation's 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. Laurion's 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.
The Corporation has an option to acquire
a 100% interest in the Bell Mountain Gold Project with Globex
Mining Enterprises Inc. (TSE:GMX
- News; FRANKFURT:G1M
- News; "Globex") of Rouyn-Noranda,
Quebec.
Laurion is well-funded to complete the next
phases of drilling and exploration work on the Bell Mountain and Sturgeon
River Gold Projects and to successfully advance these projects, moving the
Corporation closer to being a near-term producer.
This news release includes certain
forward-looking statements concerning the future performance of Laurion's business, operations and financial performance
and condition, as well as management's objectives, strategies, beliefs and
intentions. Such statements include, but are not limited to, statements
concerning the expected timing of assay results. 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 www.sedar.com.
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.
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.
Contact:
Cynthia Le Sueur-Aquin
Laurion Mineral Exploration Inc.
President
1-705-788-9186
1-705-788-9187 (FAX)
www.laurion.ca
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