Laurion Continues to Intersect Multiple Zones of Gold, Silver, Zinc and Copper on the “A“ Zone of the Loki Trend, Ishkoday Property
14.03.2014 | Accesswire
TORONTO, ON / ACCESSWIRE / March 14, 2014 / Laurion Mineral Exploration Inc. (TSX.V: LME; OTCQX: LMEFF) ("Laurion") is pleased to announce the drill results of LBX14-06 and LBX14-017, the second two diamond drill holes completed in January 2014, on its Ishkoday Property located northeast of Beardmore, Ontario.A total of 533m of diamond drilling has been completed to date. Two of the diamond drill holes (See press release, February 27, 2014), followed up on the high grade channel and grab samples on the Loki Trend which intersected 27.8g/t Au, 13.1g/t Ag and 1.21% Zn and 0.16% Cu over 1.80m in diamond drill hole LME14-031, and 0.56g/t Au, 3.11g/t Ag, 0.09% Cu and 3.17% Zn over 4.37m and 0.32g/t Au, 3.94 g/t Ag, 0.10% Cu and 1.76% Zn over 4.20m in diamond drill hole LME14-030
The remaining two diamond drill holes LBX14-016 and LBX14-017 were collared to intersect geology associated with the Loki/“A”-Zone mineralization reported in the Laurion 2012 drill program. In the October 18, 2012 press release, the Corporation reported an intercept of 3.31 g/t Au, 18.1 g/t Ag, 0.09% Cu and 3.72% Zn over 12.84m, including 5.25 g/t Au, 40.1 g/t Ag, 0.29% Cu, 8.38% Zn and 1.24% Pb over 4.04m in diamond drill hole LBX12-010. Drill hole LBX12-010 targeted the “A”-Zone, passing through 5 high grade mineralized horizons within a lower grade mineralized halo measuring 113m in width.
Assay results from LBX14-016 and LBX14-017 are as follows:
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|LBX14-016 |From |To |Length |Au |Ag |Cu |Zn |
| |(m) |(m) |(m) |g/t |g/t |% |% |
|--------------------------------------------------------------|
| |85.00 |86.00 |1.00 |0.14 |9.10 |0.12 |1.52|
|--------------------------------------------------------------|
| |93.86 |95.00 |1.14 |0.26 |6.40 |0.21 |0.63|
|--------------------------------------------------------------|
| |103.65 |108 |4.35 |0.30 |1.46 |0.05 |0.52|
|--------------------------------------------------------------|
|Incl. |103.65 |104 |0.35 |0.58 |14.2 |0.34 |4.64|
|--------------------------------------------------------------|
| |120.00 |121 |1.00 |0.88 |0.90 |0.05 |0.06|
|--------------------------------------------------------------|
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|LBX14-017|From |To (m) |Length |Au g/t |Ag |Cu % |Zn |
| |(m) | |(m) | |g/t | |% |
|--------------------------------------------------------------|
| |41.00 |43.00 |2.00 |0.16 |8.40 |0.03 |0.70 |
|--------------------------------------------------------------|
| |60.00 |61.00 |1.00 |0.50 |8.70 |0.11 |1.44 |
|--------------------------------------------------------------|
| |122.00 |124.00 |2.00 |0.50 |8.00 |0.04 |1.14 |
|--------------------------------------------------------------|
| |136.00 |139.00 |3.00 |0.17 |1.57 |0.05 |0.56 |
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Cross sections of diamond drill holes LME14-030 and LME14-031 and LBX14-016 and LBX14-017 can be viewed at http://www.laurion.ca/s/ishkoday.asp?ReportID=552927
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.
All sampling from this diamond drill program was 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 Allan Armitage, Ph. D., P.Geol., consulting geologist with GeoVector Management Inc. Mr. Armitage 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 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 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.