Laurion Mineral Exploration Inc.
OTC Bulletin Board : LMEFF

Laurion Mineral Exploration Inc.

September 28, 2010 09:00 ET

Laurion Discovers Two New High Grade Gold and Silver Zones With Assays Grading 124 g/t Gold With 79 g/t Silver and 9.87 g/t Gold With 136 g/t Silver

TORONTO, ONTARIO--(Marketwire - Sept. 28, 2010) - Laurion Mineral Exploration Inc. (TSX VENTURE:LME)(OTCBB:LMEFF) ("Laurion") is pleased to announce the completion of an initial comprehensive prospecting program on Laurion's Sturgeon River Property in Beardmore, ON, resulting in the discovery of two new high grade gold mineralized zones.

The first discovery zone, the Tala Zone, is located west of the Sturgeon River Mine area and appears to be on strike and east of Kodiak Exploration Limited's Brenbar Property, on which Kodiak intersected 10.35 g/t gold over 1.70 meters in drill hole BB09-09. In total, 100 samples were collected at the Tala Zone with gold values as high as 124 g/t gold. The Tala Zone appears to trend from the Brenbar Property eastward onto the Sturgeon River Property as indicated by the higher assay values clustered along an east-northeast trend which extends more than 1 kilometer in strike length.

Highlights from the Tala Zone include:

124 g/t gold with 79 g/t silver
24 g/t gold
6.1 g/t gold with 85 g/t silver
5.72 g/t gold with 22 g/t silver
3.45 g/t gold
2.52 g/t gold
1.05% zinc with 0.40 g/t gold
10 samples graded between 0.5 g/t and 2 g/t gold.

The second discovery zone, the Asha Zone, is located south of the Sturgeon River Mine area. In total, 92 samples were taken from this area with gold values as high as 9.87 g/t gold. Higher assay values were clustered along an east-northeast trend over 1.8 kilometer of strike length. The Asha Zone is adjacent to an 800 meter VLF EM anomaly that has no outcropping areas.

Highlights from the Asha Zone include:

9.87 g/t gold with 136 g/t silver
8.04 g/t gold with 59 g/t silver
3.71 g/t gold with 9 g/t silver
2.49 g/t gold
2.04 g/t gold
1.51% zinc
10 more samples graded between 0.5 g/t and 2 g/t gold.

In addition to these two new areas, a zone of quartz veining was sampled on a southern extension of the Sturgeon River Mine Main Zone (No. 3 vein). Two samples taken approximately 165 meters south of the Sturgeon River Mine shaft returned 34.6 g/t gold (No. 3 vein) and 25.3 g/t gold (No. 3b vein). These results highlight the high grade and lateral extent of the Sturgeon River Mine vein systems.

All of the above samples were grab samples and as a result may not be representative of the average grade of mineralization in the subject zones.

Prospecting and mapping was carried out in June concurrent with a recent drilling program that resulted in significant gold and base metal intersections on the Marge vein (5.51 g/t gold over 1.32 meters in hole LME10-01) and on the Tehya Zone (0.94% copper, 3.91% zinc, 27.80 g/t silver and 0.45 g/t gold over 4.08 meters). The purpose of the prospecting was to discover new mineralized zones on which to conduct more advanced exploration programs. The discoveries in the Asha and Tala zones are successful conclusions to the prospecting program, and add two more targets to the growing list of prospects on the property that require exploration.

All samples from the 2010 prospecting program were delivered by GeoVector Management Inc. personnel to the Activation Laboratories ("Actlabs") facility in Thunder Bay. Actlabs is an ISO/IEC 17025 accredited analytical laboratory. Analysis was by fire assay with AA finish.

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 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
    1-705-788-9187 (FAX)