Laurion Mineral Exploration Inc.
TSX VENTURE : LME
OTC Bulletin Board : LMEFF

Laurion Mineral Exploration Inc.

October 13, 2010 09:00 ET

Laurion Commences Deep Drilling Program on the Sturgeon River Mine to Complete National Instrument 43-101 Compliant Ore Resource Report

TORONTO, ONTARIO--(Marketwire - Oct. 13, 2010) - Laurion Mineral Exploration Inc. (TSX VENTURE:LME)(OTCBB:LMEFF) ("Laurion") is pleased to announce that that Laurion has contracted Cobra Diamond Drilling of Thunder Bay to commence a drill program of approximately 2,800 metres consisting of 6 deep holes on the Sturgeon River Property, Beardmore, ON. The drill will be mobilised to the site on October 14th.

"The drill program will test the down plunge extent of the Sturgeon River Mine below the 530 metre level, the purpose of which is to acquire sufficient information to complete a National Instrument 43-101 compliant ore resource report," commented Cynthia Le Sueur - Aquin, President and Chief Executive Officer of Laurion Mineral Exploration Inc. " The zone below the 640 metre level is untested. A recently completed 3D model of the mine workings was used for targeting this drilling and this model indicates that multiple veins intersect the main No. 3 vein (No.10, 11 and M veins) in the lower mine levels, thus increasing the shoot strike length and presenting multiple intersecting veins, possibly resulting in wider mineralized zones at depth."

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 he is a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Properties."

About Laurion Mineral 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 Nevada USA.

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. 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 Information

  • Laurion Mineral Exploration Inc.
    Cynthia Le Sueur-Aquin
    President
    1-705-788-9186
    1-705-788-9187 (FAX)
    www.laurion.ca