Laurion Mineral Exploration Inc. (LME.V) has entered into an agreement to acquire a 100% interest in the Bell Mountain Gold property located in Churchill County, Nevada. The property is a near-term gold/silver production property in west-central Nevada, on which the Company plans to begin a drilling program to verify and expand the resource in order to provide a NI 43-101 compliant resource estimate prior to production.
Bell Mountain Gold highlights include the following:
- The Bell Mountain Gold Project (the “Property”) is contained entirely within the Fairview Peak caldera; its inter-caldera setting is a very favored environment for gold deposits in the region.
- Gold mineralization within the Property occurs as electrum (Au, Ag) and Acanthite (Ag S).
- The mineralization forms an epithermal, low-sulfidation, volcanic-hosted, caldera-related deposit located in the prolific Walker Lane structural province of Nevada, which is the host to many major gold producing districts such as the Comstock, Round Mountain, Paradise Peak, Bullfrog, Tonopah, Goldfield, Rawhide and several others.
- Previously permitted for production in 1992 by N.A. Degerstrom Inc. (“Degerstrom”).
- A study of abundant drilling data and underground workings from the Property suggests that the resource calculated by Degerstrom in 1991, is open to significant expansion and could be increased considerably, both laterally and at greater depth. The deposit is drill tested to a maximum depth of 75m with an average depth of 45m and is open along strike.
- Additional attractive targets have been identified on the Property with little exploration outside the known resource.
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