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Laurion Mineral Exploration Inc V.LME

Alternate Symbol(s):  LMEFF

Laurion Mineral Exploration Inc. is a Canada-based mid-stage junior exploration and development company. The Company is engaged in the acquisition, exploration and development of Canadian gold and base metal mineral resource properties. It is focused primarily on its wholly owned 57.43 square kilometers (km2) (14,191 acres) flagship brownfield, Ishkoday Gold and Polymetallic Project, located 220 kilometers (km) North-East of Thunder Bay, Ontario, Canada. Its 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. It holds a 100% interest in Brenbar, which consists of two mining leases covering 255 hectares contiguous and to the west of Ishkoday. It has a 100% interest in the Jubilee-Elmhirst, Beaurox and Twin Falls property. The Company also owns a 30% joint venture interest and Canadian Gold Miner Corp.


TSXV:LME - Post by User

Post by blackandyellowon Aug 18, 2011 7:21pm
229 Views
Post# 18958268

Going big, real soon!!!!

Going big, real soon!!!!

"Depending how you look at it, it's either a gold-silver project or a silver-gold project," she says. "The 43-101 was based on $1,149 an ounce for gold and $20.92 for silver. We have run our own in-house analysis and estimate a 1.5:1 strip ratio, 80% recovery for gold and 50% recovery for silver. The mining cost for this project is roughly $11.43 per ton. With an estimated CAPEX of less than $10 million, that all adds up to an extremely robust project."


plans a PEA, possibly by 4Q 2011, an economic assessment by 2012 and production by mid-2013. Bell Mountain will be an open-pit mine with heap-leach processing.

from:

https://www.mineweb.com/mineweb/view/mineweb/en/page674?oid=132164&sn=Detail&pid=102055

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