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Laurion Mineral Exploration Inc. Announces New Discovery of VMS Style Cu-Zn Mineralization and Staking on the Enid-Massey Project

18 February 2007

Laurion Mineral Exploration Inc. (TSXV: LME) (the "Corporation") is pleased to announce that it has completed the first phase of exploration on its Enid-Massey Project.


Santrap Grid:


A Max/Min II EM survey, followed by Spectral I.P. survey over the Santrap area, highlighted a number of drill targets over conductors with an aggregate strike length of at least 300 metres. Follow-up diamond drilling has identified several distinct exhalative horizons with strong Au, Ag, Cu and Zn values. The iron sulphides and base metals show distinct stratigraphic zonation, typical of Kidd Creek type VMS environments, with sulphides hosted by the footwall rhyolites tending to be rich in Cu, whereas sulphides in the hanging wall basalts are rich in Zn. Review of the core and a comparison of the sulphides in holes 1, 2 and 4, indicate that there appears to be an increase in thickness and base metal grade of sulphides with depth and towards the west.


Over the northwest parts of this target, other weaker conductors, possibly representing massive sulphides at depth, will be tested in the forthcoming exploration program.


As a result of the drilling program the Corporation has staked an additional 82 claim units to accommodate the potential strike length of the Santrap mineralization.


<<


Exploration Program Highlights


------------------------------


- Completion of approximately 36.75 line kilometres of geophysical


surveys.


- Completion of eleven (11) NQ diamond drill holes, totaling 1526m, to


test 7 of 64 priority conductors located on Argos, Talaos and Santrap


Grids.


- Drilling identified new VMS environment in the Santrap Grid with


strong Cu and Zn values.


Summary of Drill Results for Santrap Grid:


- 0.95% Zn over 78.5-81.3m (2.8m) in Santrap hole SA-06-02.


- 0.23% Zn over 96.4-104.5m (8.1m) in Santrap hole SA-06-04.


- Strong Cu values of approximately 0.2% over much of hole SA-06-05.


- Hole SA-06-04 and SA-06-05 have interesting Au values up to 804 ppb.


- Staked 82 additional claim units to accommodate the potential strike


length of the Santrap Grid.


--------------------


Interval


-------------------------------------------------------------------------


Hole From To Au(ppb) Ag(ppm) Cu(ppm) Zn(ppm) Zn%


Number (metres) (metres)


-------------------------------------------------------------------------


SA-06-02 78.5 79 25 less than 140 5732


0.2


-------------------------------------------------------------------------


79 80 14 0.9 454 1.51%


-------------------------------------------------------------------------


80 81.3 93 1 464 6693


-------------------------------------------------------------------------


SA-06-04 96.4 97.4 804 1.2 379 4206


-------------------------------------------------------------------------


97.4 98.1 90 1.2 530 5193


-------------------------------------------------------------------------


98.1 99.1 117 0.6 253 1274


-------------------------------------------------------------------------


99.1 100.1 154 0.6 324 2181


-------------------------------------------------------------------------


100.1 101.1 27 1.2 303 2255


-------------------------------------------------------------------------


101.1 102 191 0.9 283 3265


-------------------------------------------------------------------------


102 103 23 0.3 148 2257


-------------------------------------------------------------------------


103 104.5 35 less than 185 4035


0.2


-------------------------------------------------------------------------


SA-06-05 9.3 10.2 13 1.5 2070 64


-------------------------------------------------------------------------


35 36.5 64 1.8 2762 55


-------------------------------------------------------------------------


36.5 38 74 1.1 1901 87


-------------------------------------------------------------------------


39 40 58 1.5 1959 94


-------------------------------------------------------------------------


46 47 32 0.7 1746 75


-------------------------------------------------------------------------


55.85 56.15 766 3.1 3473 63


-------------------------------------------------------------------------


60.1 60.2 469 3.4 4237 53


-------------------------------------------------------------------------


>>


Argos Grid:


The Corporation's diamond drilling on the Argos Grid showed a similar geologic environment to the Santrap Grid area, with felsic volcanics on the south and mafic volcanics on the north of an extensive zone of discontinuous EM anomalies striking roughly east-west. Two drill holes, AR-06-01 and -02, tested MaxMin II EM conductors on the Argos West grid, west of Winter Lake Road, and, one hole, AR-06-03, drilled a conductor on the Argos East grid. Best results were obtained in AR-06-03, in basalts overlying cherty tuffs.


Summary of Drill Results for the Argos:


<<


- 1.4% Zn over 65-68m (3m) in Argos hole AR-06-03.


--------------------


Interval


-------------------------------------------------------------------------


Hole From To Au(ppb) Ag(ppm) Cu(ppm) Zn(ppm) Zn%


Number (metres) (metres)


-------------------------------------------------------------------------


AR-06-01 29 30 Nil 48 45 2660


-------------------------------------------------------------------------


35 36 0.01 62 21 1870


-------------------------------------------------------------------------


38 39 0.01 59 23 2200


-------------------------------------------------------------------------


48 49 0.01 53 81 2210


-------------------------------------------------------------------------


AR-06-02 No significant values


-------------------------------------------------------------------------


AR-06-03 65 66 less than less than 148 1.6


5 0.2


-------------------------------------------------------------------------


66 67 8 0.2 66 8530


-------------------------------------------------------------------------


67 68 less than less than 83 1.62


5 0.2


-------------------------------------------------------------------------


>>


Talaos Grid:


BeepMat prospecting of airborne conductors located many gossanous outcrops with disseminated to near massive pyrite and pyrrhotite mineralization. Minor amounts of chalcopyrite and sphalerite were noted. An I.P. survey and three (3) diamond drill holes were completed to test conductors C19, 19A and 20.


Prospecting and drilling have shown that the mineralization is fault controlled, epigenetic and not exhalative. Analyses of samples from all drill holes (TA-06-01, 02, 03) showed no precious metals and only weakly anomalous base metals (Cu, Zn) and the occasional strong Ag values. Mineralization consists of small discontinuous lenses with little tonnage potential.


Winter 2007 Exploration Program


-------------------------------


Santrap Grid:


The winter exploration program will include additional linecutting, MaxMin II EM, magnetic and deep IP geophysical surveying to further evaluate the VMS style Cu-Zn mineralization along strike and at depth. Several AeroTEM airborne EM conductors remain untested in the area. Additional diamond drilling, commencing in February, is planned to follow-up the geophysical results.


ZED'or Grid;


Linecutting and geophysical surveys will also be carried out to evaluate several AeroTEM EM anomalies located in swampy ground in northern Massey Township west of the Argos grid, and in Cote Township. Ground EM and magnetic surveys are planned, possibly followed by diamond drilling if warranted, during the latter part of the winter.


Baktrian Grid


Preliminary prospecting by the Corporation on the Enid-Massey Property in 2005 detected a cluster of gossanous, sulphide-rich outcrops in northeastern Enid Township proximal to historical trenches. In 2006 prospecting, stripping and sampling of bedrock in this area resulted in delineation of elevated values in copper, nickel, zinc and PGE's, which confirm the favourable environment for Cu-Ni-PGE mineralization.


Three holes are planned to test the Baktrian showing. The drilling will test two targets associated with anomalous chargeability zones. Drill holes are designed to intersect the targets at approximately 35 to 50 metres below surface.


Laurion's 100% owned Enid-Massey Project covers approximately 99 sq. kilometres (612 claim units), and is located approximately 40 km west north west of Timmins, Ontario, focusing on the relatively unexplored Cote-Enid-Massey Mafic Intrusive Complex ("CEMMI"). This area contains many as yet untested airborne conductors showing potential for VMS, Cu-Ni-PGM, and, possibly Au mineralization. The Corporation plans to continue systematically exploring this potential with state-of-the-art methods.


The qualified person for purposes of this press release is Mr. Gerald Harron of G.A. Harron and Associates Inc. of Toronto, Ontario.


Laurion Mineral Exploration Inc. is an early stage exploration specialist company with projects in Timmins, Ontario. Laurion's exploration horizons encompass not only gold, but also base metals and PGE's.


The TSX Venture Exchange has neither approved nor disapproved the


information contained herein and does not accept responsibility for the


adequacy or accuracy of this release.


For further information: Laurion Mineral Exploration Inc., Cynthia Le Sueur-Aquin, President, Tel: (705) 788-9186, Fax: (705) 788-9187, Website: www.laurion.ca; CHF Investor Relations, www.chfir.com; Cathy Hume, CEO, cathy@chfir.com, Barry Leung, Account Manager, barry@chfir.com, Tel: (416) 868-1079

Source: newswire


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