15.00 g/t Au, 35.4 g/t Ag, 1.07% Zn and 0.41% Cu,
over 1m
3.14 g/t Au, 23.2 g/t Ag, 2.62% Zn, 0.20% Cu and 0,15% Pb over
3m
10.20 g/t Au, 45.5 g/t Ag, 22.30% Zn and 3.32% Pb (Grab)
TORONTO / November 6,
2013 / ACCESSWIRE / Laurion Mineral Exploration Inc.
(TSX.V: LME; OTCQX: LMEFF) ("Laurion") is pleased
to announce results of a prospecting program which was carried out
in October 2013. Several new zones were discovered in the summer
during field visits which warranted the execution of channel
sampling and assays.
The recent results highlight the potential of the Tehya, Loki and
River Trends, indicative in the continuous discoveries of
additional zones found proximal to, and on the three Trends, as
well as the aspect that these zones offer the possibility of adding
to the width of the main Trends, or are sub-parallel base metal
horizons.
2013 Prospecting Program- Loki, Tehya and
Makwa Trends:
http://www.laurion.ca/s/ishkoday.asp?ReportID=610259
The Tehya, Loki and the River Trends, each having a
strike length of 3km, are associated with strong northeast to
north-northeast trending structures. Each of the trends host
massive to semi-massive sulphides, which occur on multiple horizons
of sheared volcanics within a kilometre wide corridor. Laurion has
identified this corridor as having the potential to host a precious
metal rich VMS deposit. The 1km wide corridor hosts the three sub-
parallel zinc dominant volcanogenic massive sulphide (VMS) trends,
which are gold and silver rich with subordinate copper values.
Prospecting results from the 2012 field program returned grab
samples up to 53.00 g/t Au, 133 g/t Ag, 1.86% Cu and 27.50% Zn
(see July 18, 2012 news release)
CynthiaLe Sueur-Aquin, President of Laurion
reported that, "The Ishkoday property is an exciting project that
continues to surprise and generate good news. We are optimistic
that our continued field work and drilling programs on the Ishkoday
property will uncover additional discoveries with growth potential
in the area of our VMS target.
Tehya Trend – J-Zone
The Tehya southern zone was channel sampled from east to west
and sampled on the 5 metre, 15 metre and 27 metre line. Results are
as follows:
The J-zone is a zone located on the Tehya Trend and is proximal
to the Ahki Zone. The J-zone is located 200m from the Ahki A6 Vein,
which during previous prospecting and mapping in 2010 which
returned a grab assay of 6.76 g/t
Au, 10.2% Zn, 0.70% Cu and 8.5 g/t Ag, and 100m
south east of LME11-017 which returned assays of
0.10 g/t Au, 10.1 g/t Ag,
0.11% Cu and 2.85% Zn over 5.85m, including 0.05 g/t Au, 14.9 g/t
Ag, 0.21% Cu and 9.79% Zn over 1.30m, hosted within a
package of intermediate volcanics.
Loki Trend - Southwest Zones
The Loki Trend occurs approximately 400m south and parallel to
the Tehya Zone. Three additional zones were located to the south
and on strike with the A2 Zone which was drilled late 2012,
returning results of 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. The results of the 2012 drill
program indicated that the mineralized A-Zone's width and grade is
increasing at depth.
In a field trip in Summer 2013, three strongly mineralized zones
on the Loki Trend were identified and channel sampled. Results are
as follows:
A new quartz vein was discovered to the south of Zone C on the
Loki Trend. Results are as follows:
New Horizon – Makwa Trend
A new horizon, the Makwa Trend is postulated to exist south of
the Loki Trend. Diamond drill holes LME11-014, LME11-015 and
LME11-016 tested three IP targets during winter 2011. It appears
that these holes fell short of the main Makwa Trend; however all
the holes intersected extensive zones of disseminated and stringer
style zinc mineralization (sphalerite) and associated lower grade
gold and silver and occasional copper mineralization. Grab samples
were collected along this horizon returning the following
results:
GeoVector Management Inc. personnel delivered all sampling from
the 2013 prospecting program 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
Laurion's Ishkoday project and is a Qualified Person as defined in
"National Instrument 43-101, Standards of Disclosure for Mineral
Properties."
About Laurion Minerals Exploration Inc.
Laurion Mineral Exploration Inc. is a junior mining company
focusing on the discovery and upside of its 100%- owned Ishkoday
Property, a high impact VMS project, having a primary focus on gold
and 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 emphasis is on resource development at
the Ishkoday Property, located in Beardmore, Ontario, approximately
220 km northeast of Thunder Bay.
FOR FURTHER INFORMATION, CONTACT:
Laurion Mineral Exploration Inc. Cynthia Le Sueur-Aquin -
President
Tel: 1-705-788-9186
Fax: 1-705-788-9187
Website: www.laurion.ca
Neither TSX Venture Exchange
nor its Regulation Services
Provider (as that term
isdefined 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
futureperformance 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 approval of Laurion's 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 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.
Source: Laurion Mineral Exploration Inc.
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