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Laurion Mineral Exploration Inc V.LME

Alternate Symbol(s):  LMEFF

Laurion Mineral Exploration Inc. is a Canada-based junior mineral exploration and development company. The Company is engaged in the acquisition, exploration, and development of mineral resource properties. The Company is focused primarily on its wholly owned 47 square kilometers (km2) flagship brownfield, Ishkoday Gold, located 220km North-East of Thunder Bay, Ontario, Canada. The Company’s Ishkoday is situated in the Onaman-Tashota Greenstone Camp in the Irwin, Walters, Elmhirst and Pifher Townships, located 25 km northeast of the Town of Beardmore, Ontario, and 220 km northeast of Thunder Bay, Ontario. The Company holds Twin Falls property, which is contiguous and lies west of the Ishkoday Project. The Company also holds a 100% interest in Jubilee-Elmhirst, and Beaurox. The Company also owns a 30% joint venture interest and Canadian Gold Miner Corp.


TSXV:LME - Post by User

Comment by Timeandmoneyon Jan 13, 2023 8:58am
287 Views
Post# 35220637

RE:RE:RE:RE:RE:Predict the Date?

RE:RE:RE:RE:RE:Predict the Date?

Team LME,

To clarify, I think Mark Bristow is now positioning Barrick's stakeholders to accept some element of computer modeling in lieu of 43-101 type reports.

This seems to me to be part of an effort to convince the Barrick board to approve acquisitions in the junior space to support their need for organic growth. Simply put, they need new mineral sources to meet future demand.

Modern geological computer models rely on a combination of long term historical data via past assay results and previous ore extraction records plus new trenching reports and electromagnetic scans that combine to predict ore body type, formation and location.


Ishkoday is an excellent example of a property that has well documented brownfield data sets that allowed the predictive models to secure a solid "starting point". Armed with confirmed clean data, they can make reliable predictions. Each drill hole provides more data for their model which in turn helps improve future predictions. It's a virtuous cycle. 

The evidence to support this can be found in the 100% success rate that LME has achieved via thier 2022 drill results. It's the computer models that aimed and guided the drill targeting.

Additional information about the company that performs this wizardry for LME and many others can be found by visiting https://mirageoscience.com/

I
 remain bullish...

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