Bull Flag setup > 5 Year Staged Strategy Reaching CompletionWeeks if not days away from a techincal bullish pop up above ATHs, looking at target of $1.20 to 1.30. If combined with positive assay and AGM related or material changing news. Watch out.
Anything below $1.50 right now in my opinion is a speculative BARGAIN.
Also - I highly recommend you go to the companies updated Corporate Presentation, see page 8, and notice their "DEFINED STRATEGIES TO ACHIEVE OBJECTIVES" shows their 5 year plan, Stage 1 in 2018 through Stage 5 in 2022, and nothing beyond 2023 is noted.
PowerPoint Presentation (laurion.ca) Perhaps I am reading between the lines too much, but if the company operates on 5 year scopes, why wouldn't they update this out to 2026 given that we are reaching the last year of their 5 year scope? Unless we are at a crossroads where Laurion is about to either be bought out, transition to a new program, or perhaps announce a resource component?
See excerpt from page 8 below.
STAGE 1 - 2018 -100% COMPLETED INITIAL FIELD VALIDATION EXPLORATION PROGRAM
Compilation-synthesis work (2D) and collection of initial field data and sampling ascertaining true gold and gold/base metal upside potential Complete 3 stripped trenches (14,905m² ) with channel samples and grab samples (1,429 Samples)
STAGE 2 -2019 - 100% COMPLETED DELINEATE SIZE POTENTIAL OF MINERALIZED SYSTEM
7 strategic lines/trenches (25,773m² ) for geology and trends Channel sampling, assaying (3,338 samples) Executed 6km x 1.5km Target Area Magnetic UAV survey, plus additional ground surveys (Orthophotos) Initial determination of potential for bulk tonnage resources model incorporating polymetallic veins
STAGE 3 - 2020 – 100% COMPLETED STEPS TO DEFINE SIZE OF MINERALIZED SYSTEM
Refurbishment of core facility Acquisition of Brenbar property – mapping and channel sampling In-fill ground I.P Geophysical Surveys (A-Zone, Sturgeon River and Brenbar) Executed (31DDH) 7,937 m of diamond drilling on targeted anomalies (A-Zone, CRK, Joe and McLeod) Completed 2D and 3D extensive, comprehensive GIS database
STAGE 4 - 2021 100% COMPLETED (2020) DEFINITION AND EXPANSION OF MINERALIZED SYSTEM
Geological and Geophysical Modelling – generated initial genetic mineralization model Confirmed volcanogenic mineralization over 1.4km Strike length – (A-Zone to McLeod Zone) Executed (23 DDH) 8,930 m of diamond drilling on targeted anomalies LiDAR/Orthophotos to 5m elev. completed over all Ishkoday A-Zone and MacLeod Zone Stripped and channel sampled North Ishkoday - Geochemical program completed, identifying large copper anomaly
STAGE 5 - 2022 – EXPANSION OF MINERALIZED SYSTEM 15,000m drilling – Infill and definition drilling (A-Zone to CRK Zone) – Approx. $2,7mill Property-wide mapping - $50k Trenching/channel sampling of Jack Road and J-Vein (west extension of A-Zone/McLeod/CRK) - $140k Data management/geological/geoscience consulting supervision -$500k