Laurion Mineral Exploration Inc.

Laurion Mineral Exploration Inc.

December 22, 2010 09:00 ET

Positive Results of 0.91% Cu, 7.44% Zn, 30.80 g/t Ag Over 1.50 Meters and 29.50 g/t Au Over 0.50 Meter in Gold Bearing Quartz Vein on Tehya Zone

TORONTO, ONTARIO--(Marketwire - Dec. 22, 2010) - Laurion Mineral Exploration Inc. (TSX VENTURE:LME)(OTCQX:LMEFF) ("Laurion") is very pleased to announce positive base metal and gold results from channel sampling on the Tehya zone on its Sturgeon River Property, Beardmore, Ontario. 

The Tehya zone was drilled in the summer of 2010 and reported 0.94% Cu, 3.91% Zn, 27.80 g/t Ag and 0.45 g/t Au over 4.08 m in drill hole LME10-07 within two parallel lenses of massive to semi-massive sulphides within sheared and brecciated volcanics with disseminated sulphides. In addition this hole intersected a sub-parallel quartz vein that graded 2.28 g/t Au over 1.13 m.

The Tehya zone is adjacent to the HWY 801 which offered the opportunity to strip the overburden to exposure the mineralized zone for mapping and channel sampling. This work was completed in November 2010, and assay results have recently been received. A zone of sulphide mineralization was exposed for approximately 15 meters and mapped and channel sampled with a diamond saw. The channels are oriented across the strike of the zone. In addition a zone of gold bearing quartz veining located 10 meters structurally above the sulphide zones was exposed for approximately 35 meters, and was similarly mapped and channel sampled. Significant results of the channel sampling included:

Channel Length Au g/t Ag g/t Cu% Zn% Pb%
Base Metal Zone
TYCH1001 1.50 0.17 30.8 0.91 7.44 0.04
TYCH1002 2.00 0.09 11.4 0.17 2.82 0.43
TYCH1003 2.00 .07 6.9 0.20 2.03 -
TYCH1014 4.05 0.19 14.7 0.32 3.07 0.15
Gold Bearing Quartz Vein Zone
TYCH1008 0.50 29.50 10.4      
TYCH1015 0.50 13.40 1.0      
TYCH1012 0.50 1.84 0.3      
TYCH1007 0.50 1.47 0.3      

The stripping, mapping and channel sampling provided important information on the strike, dip, and structural setting for the VMS style Cu-Zn-Pb-Ag-Au zones. Significantly the stripping and the previous drilling have now confirmed that the zone extends at least 50 meters along strike and 40 meters down dip. The known strike extent of the Tehya zone is presently limited by the location HWY 801, with massive sulphides extending under the road bed. The gold intersection up hole from the Cu-Zn zone is interpreted to be the A-11 quartz vein.

One of the main purposes of the stripping was to define the geological controls on the Tehya zone, and apply this knowledge to the targeting of drilling on several high zinc/copper soil anomalies. These areas are not exposed in outcrop but are covered with thin overburden. They display much larger and stronger soil anomalies than the Tehya zone. These anomalies are complimented by 400-800 meter long historical (1984) VLF survey anomalies, and they also have known Zn-Cu-Ag-Au showings located close to the anomalies. It is planned to cover these areas with IP surveys in Q1 of 2011, followed by diamond drilling planned in the first quarter of 2011. The data gathered in the Tehya strip area will be used to help design the IP survey parameters.

All sampling from the 2010 programs were 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 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 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.

Laurion's focus is to make the transition from explorer to near-term producer. 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 envisages the realization of shareholder value and wealth through monetization of its discoveries and assets.

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 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)