TORONTO, Sept. 21, 2010 (GLOBE NEWSWIRE) -- Laurion Mineral Exploration Inc. (TSX-V:LME) (Other OTC:LMEFF) ("Laurion") is pleased to announce the completion of the first three holes of the Company's 2010 planned reverse circulation ("RC") drilling program on Bell Mountain gold project, Churchill County, Nevada, USA. The 2010 drilling program is expected to consist of 52 holes ranging in depth from 100 feet to 350 feet for a total of approximately 11,600 feet.
Cynthia Le Sueur-Aquin, the President of Laurion announced, "The drilling of the first holes commenced on the north side of the Varga Zone and is designed to target the center of the body mineralization below deepest level. A second RC drill rig is expected to commence drilling early this week focusing on the Spurr and the Varga zones which have the best potential to increase gold-silver resources in order to generate a NI 43-101 compliant resource estimate prior to year end."
The Corporation has filed a NI 43-101 technical report on SEDAR for the Bell Mountain Project confirming significant historical gold and silver resources. A comprehensive resource calculation (non NI 43-101 compliant) of 2.1 Mt @ 1.3 g/t gold and 37.6 g/t silver was reported on the Varga, Spurr, and Sphinx zones.
Dana Durgin (MSc, P.Geo), Laurion's Exploration Manager, is the Qualified Person responsible for the scientific and technical work (as defined under National Instrument 43-101) discussed in this press release, and has reviewed this press release.
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 Churchill County, Nevada USA.
The Corporation has an option to acquire a 100% interest in the Bell Mountain Gold Project with Globex Mining Enterprises Inc. (TSX:GMX) (G1M-Frankfurt) ("Globex") of Rouyn-Noranda, Quebec.
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.
The Laurion Mineral Exploration Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7937
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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