October 2, 2009 -- Vancouver, BC - Laurentian Goldfields Ltd. (TSX-V: LGF) ("Laurentian") is pleased to announce the completion of the 2009 work program on the Van Horne Project (the "Property"), 8 kilometres (km) south of Dryden, Ontario.
The objective of the 2009 exploration program was to further refine gold targets for drill testing in the winter/spring of 2010. The program entailed reconnaissance rock, soil, and lake sediment sampling, infilling previous surveys conducted in 2008. Extensive outcrop stripping, washing and channel sampling was also undertaken at a number of showings along the 5 km "Gold Trend", defined by Laurentian in 2008 (see Laurentian press release, January 7th, 2009).
The geological program was augmented by the completion of a high resolution, helicopter-towed magnetic gradiometer survey over the entire property. A total of 723 line km were surveyed at 50 metre (m) line spacings. The geophysical survey has proven highly effective and provides the resolution required to define principle geological units, the contacts of which may serve as focal points for the gold-bearing geological structures on the property.
Drill targets will be selected based on an integration of the geochemical and geophysical data collected over the past two seasons. Analytical results from the 2009 sampling programs are pending.
About Van Horne
Laurentian has assembled a large land position at Van Horne and holds the option to acquire 100% interest in over 2,900 hectares in this historic gold district. Laurentian is the first company to consolidate this historically fragmented land package that encapsulates at least 14 pre-WWII exploration shafts and three 1980's era, historic gold resources (see Laurentian press release, July 9th, 2008).
The property currently hosts two main areas of interest: a) the "Gold Trend", a feature defined by high grade gold-bearing quartz-carbonate vein grab samples collected along a 5 km trend that may be related to one or two east-west trending, mineralized structures and b) the Flambeau/East Zone, a gold-in-quartz-carbonate vein stockwork hosted by a quartz-diorite sill located on the west end of the Van Horne Property.
About Laurentian Goldfields Ltd.
Laurentian Goldfields Ltd. is a team of highly skilled exploration professionals focused on gold target generation in Canada's frontier exploration areas. Laurentian generates new projects by employing leading edge exploration concepts and techniques to quickly and cost-effectively screen vast tracts of land for geological and geochemical signatures known to be associated with major gold deposits.
ON BEHALF OF THE BOARD OF DIRECTORS,
Andrew Brown, M.Sc., P.Geo.
President and CEO
Neither the 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.
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to mineral potential and planned exploration, development and production activities. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, realized mineralization of properties and the timing and success of future exploration, development and production activities.
For further information, please contact:
Vanessa Pickering, Manager, Corporate Communications
Tel: (604) 646-1598
Fax: (604) 642-2411