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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

Post by Smitty64on Jun 06, 2023 12:32pm
668 Views
Post# 35482664

Still some time

Still some timeI’m all for a buyout right away, but the communication over the last ~6 months has stated that there will be “redrilling in 2023” in the zones with the highest-grade deposits (which I believe is currently taking place).  

Now that we have proven the stockpiles monetary potential, coupled with the mapping survey (which should show exactly where the highest-grade deposits live), I believe a final step is required:

I’ve posted these thoughts before: “Once they complete the data entry of the mapping survey results into their models, they will have a truly holistic 3D understanding of the property. Then, I believe the final piece will be this quarter’s redrilling: they will use the geographical mapping data to pinpoint exactly where their richest deposits were/are and redrill here. When they start publicizing these assay results (in conjunction with their entire gift-wrapped presentation) is when I believe suitors will start rolling up their sleeves.”

The below 5 steps are almost all completed and I really think anymore exploration beyond this would be somewhat redundant:
  1. All assay results injected into technical modeling
  2. All 3D mapping completed
  3. Determined feasibility of stockpile potential completed 
  4. Magnetic mapping survey completed 
  5. Redrill most fruitful areas and publish results   

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