Significant Drill Intercept of 2.11% Copper, 10.40% Zinc, 60.50 g/t Silver and 1.34 g/t Gold


TORONTO, Sept. 8, 2010 (GLOBE NEWSWIRE) -- Laurion Mineral Exploration Inc. (TSX-V:LME) (Other OTC:LMEFF) ("Laurion") is pleased to announce significant base metal and precious metal drill results from the Sturgeon River Property in Beardmore, Ontario. The Tehya (HWY 801) base and precious metal zone consists of two parallel lenses of massive to semi-massive sulphides of 0.50 m (lens 1) and 1.0 m (lens 2) widths separated by 2.0 m of sheared and brecciated volcanics with disseminated sulphides. Sampling conducted in June 2010 within the Tehya massive sulphide zone, averaged 6.13% zinc, 1.40% copper, 45.6 g/t silver, and 0.63 g/t gold. In addition, approximately 30 metres southwest of the Tehya zone, a quartz vein (A11 vein) returned samples of 57.2 g/t gold and 21.1 g/t silver.

Sturgeon River Drill Highlights

 

Hole From To Width (m) Cu (%) Zn (%) Ag (g/t) Au (g/t)
LME10-06 31.50 32.16 0.66 0.70 0.72 19.40 0.25
LME10-07 10.43 11.56 1.13 n/a n/a n/a 2.28
LME10-07 35.50 39.58 4.08 0.94 3.91 27.80 0.45
including 36.33 37.45 1.12 2.11 10.40 60.50 1.34

The intersection for drill hole LME10-06 is on the footwall of a 4.58 metre shear zone that was intersected 30 metres directly down dip of the Tehya zone on surface. The copper-zinc-silver-gold intersection for drill hole LME10-07 is approximately 50 metres southwest along strike and 30 metres down dip of the Tehya showing. The zones of massive sulphide are possibly VMS (volcanic massive sulphide) related with some mobilization from nearby gold bearing quartz veins.  The gold intersection up hole in drill hole LME10-07 is interpreted to be the down dip extension of the A-11 quartz vein sampled on surface.  Based on core angle indicators the true thicknesses of the mineralized zones are estimated to be 85-95% of drill hole intersection widths.

"Our Sturgeon River Property continues to show encouraging results from high grade gold quartz veins and shear hosted gold with significant zinc, copper and silver mineralization," commented Cynthia Le Sueur-Aquin, President and Chief Executive Officer of Laurion Mineral Exploration Inc.  "The base metal potential adds a new dimension to the multi faceted Sturgeon River. The Tehya zone will be a priority target for a multi-metallic deposit with high grade gold from quartz veining."

The Tehya base metal zone appears to be one of several anomalous zinc/copper areas, which in combination with high grade gold and silver occurrences, is indicative of the multi faceted potential of the Sturgeon River Property. The Corporation intends following up with aggressive drilling and fieldwork programs.

All 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 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. 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. 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. 

The Laurion Mineral Exploration Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7937

Laurion envisages the realization of shareholder value and wealth through monetization of its discoveries and assets.

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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