TORONTO, Sept. 1, 2010 (GLOBE NEWSWIRE) -- Laurion Mineral Exploration Inc. (TSX-V:LME) (Other OTC:LMEFF) ("Laurion") is pleased to report assay results from the Company's drill program conducted at the Sturgeon River Property in Beardmore, Ontario. The target of the drill program, which consisted of five holes over a 150 metre strike length, was the gold-rich Marge Vein. The Marge Vein is contained within a sheared diorite and hosted minor pyrite system. The drill holes were designed to intersect the vein at right angles and to confirm and extend indications of high grade gold stemming from historical trenching and channel sampling.
Highlights from the drilling of the Marge Vein include an intersection of 20.2 g/t gold over 0.36 metres in hole LME10-01. In hole LME10-05, there were multiple zones of gold mineralization, including 3.34 g/t gold over 1.03 metres, which had a lower grade halo mineralization of 1.03 g/t gold over 3.78 metres. LME10-05 also contained a second zone of gold mineralization grading 0.49 g/t gold over 3.0 metres.
Three other holes were drilled along the Marge Vein, two of which had significant values to report. Drill Hole LME10-03 returned 1.30 g/t gold over 0.23 metre contained within a 7.5 metre shear zone which averaged 0.18g/t gold. Drill Hole LME10-04 returned 0.65 g/t gold over 1.00 metre (Marge Vein) and a second zone of 0.63 g/t gold over 1.00 metre (Sulphide Zone).
"Drilling of the Marge Vein is geared toward defining a Sturgeon River style gold deposit and it appears that recent drill and channel sample results confirm the historical high grade for this vein," commented Cynthia Le Sueur-Aquin, President and Chief Executive Officer of Laurion Mineral Exploration Inc. "The Marge Vein is outcropping on surface and thus is available for quick mine development. There is great potential for wider zones of mineralization as there are 10 other veins subparallel or obliquely crossing the Marge Vein and, the adjacent host rock is mineralized."
The entire drill core from the 2010 first phase drill program was logged, split and sampled at a secure core facility in Jellicoe, Ontario. Samples were delivered by GeoVector 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. 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 routinely inserted blanks and certified standards into the sample stream in order to independently assess analytical accuracy.
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 Churchill County, Nevada USA.
Laurion envisages the realization of shareholder value and wealth through monetization of its discoveries and assets.
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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. 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.
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