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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

Comment by GinoSkyon Oct 05, 2022 8:39am
190 Views
Post# 35006177

RE:RE:RE:RE:RE:RE:RE:RE:RE:mineralized Corridor

RE:RE:RE:RE:RE:RE:RE:RE:RE:mineralized CorridorI did a bit of research into DRA Global, and they're a company that comes in to establish mining projects and built ore processing plants.  They're responsible for a large number of big projects all around the world.  Although they've only been mentioned as being involved with the processing of the waste rock stockpile, I see their future role on the Ishkoday being much greater.  TraderRC, I think it might be a Private Equity group that has deep pockets who will come in to purchase LME.  Since they likely won't have the mining industry background to put a mine into production, they will be leaning on DRA Global to do so.  The fact a strategic partnership has been established between Laurion and DRA Global prior to a buyout is very bullish in my eyes and is likely part of the negotiations taking place leading up to a buyout.
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