LAURION's Ishkoday deposit is larger than first estimated.That is a pretty big statement for the CEO to make. After Cynthia's silence in Linkin she sure shouted today. Surprised this hasn't moved the price.
LAURION's Ishkoday deposit is larger than first estimated.
Since the discovery of the Ishkoday's McLeod Zone, there has been very little exploration conducted in the swamp area between both the interpreted similar McLeod Zone and the A-Zone.
Based on LAURION's recent exploration results, the sector between the A-Zone and McLeod was prioritized for the second phase of the 2021 drilling campaign. Results from holes LBX21-045 through LBX21-054 helped in confirming the continuity along strike between both areas. These results combined with the discovery of two historical trenches southwest of McLeod Zone indicate that the polymetallic mineralized system remains open in all directions.
LAURION's emphasis is on the development of its flagship project, the 100% owned mid-stage 47 km2 Ishkoday Project, and its gold-silver and gold-rich polymetallic mineralization with significant upside potential. The mineralization on Ishkoday is open at depth beyond the current core-drilling limit of -200 m from surface, based on the historical mining to a -685 m depth, in the past-producing Sturgeon River Mine. The Brenbar Property, acquired in 2020, is contiguous with the Ishkoday Property, which hosts the historic Brenbar Mine.