TORONTO, Oct. 14, 2008 (Canada NewsWire via COMTEX News Network) --
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Laurion Mineral Exploration Inc. (TSXV: LME) ("Laurion") today announced the assays results of its Sturgeon River Property ("SRP") channel sampling program comprised of 50 channel samples.
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Highlights of the Sturgeon River Summer Program:
- Visible gold associated with sulphides
- Gold mineralization throughout the veins
- 65.73 g/t Au (1.20 oz/t) over a channel width of 1.50 m from the
Marge vein
- 23.567 g/t Au (0.69 oz/t) over a channel length of 0.10 m from the
85A-2B vein
- 52.50 g/t Au (1.53 oz/t) over a channel length of 0.20 m from the
3 vein
- Channel samples completed at 1 m intervals where possible over a
strike of length of 50 m on the Marge Vein.
SRP Notes from previous announcements:
- Grab sample No. 439013 193.5 g/t Au (5.65oz/t) taken from outcropping
of various quartz veins on the Property
- Grab sample No. 439002 0.22 g/t Au, 9.1% Cu, 18.6% Zn, 62.1g Ag/t
taken from a historical sulphide showing hosted within the mafic
volcanics
- Completion of a National Instrument 43-101 Technical Report.
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At the northwest portion of SRP is the Marge Vein that steeply trends northwesterly over an identified strike length of approximately 365 m. The SRP is located in the Beardmore-Geraldton greenstone belt that has reportedly produced more than 4.12 million ounces of gold from 19 mines since 1925 when gold was first discovered in the area. The SRP has potential to host several deposit types including Archean shear zone hosted lode gold and volcanogenic massive sulphides (Cu-Zn-Pb-Au-Ag). The SRP is reported to host more than 120 veins, many of which host significant gold mineralization in multiple parallel structures. Notable base metal values are also present within the felsic volcanics. Many of these quartz vein structures remain open in the area, yet to be explored.
The significance of Laurion's findings to date lies in the nature of the mineralization in the local geological environment. In the Red Lake, Kirkland Lake and Beardmore-Geraldton gold camps, quartz vein structures are similar on surface, in both width and grade, to those identified to date on the SRP, as well as the mineralization reportedly found on neighbouring properties of Kodiak Exploration Limited's "Hercules" (TSXV: KXL) and Sage Gold Inc.'s "Jacobus" (TSXV: SGX).