NEW Interim financials with Management Discussion & AnalysisLME just added some new documents on Sedar:
link here I found the Exploration Outlook section quite informative.
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Exploration Outlook LAURION is focused on validating the existence of near surface bulk mineralization in gold-silver and goldzinc rich polymetallic component which extends over a 6 km strike within a 1 km corridor. Within this corridor, three major gold-mineralized trends, Sturgeon River Mine, M25/Marge and Loki Trend (A-Zone, CRK and McLeod Zone), which extends along strike for 2+km, 1.8+km and 3+km, respectively were identified.
The 2022 drilling expanded the stacked vein system in the A-Zone and McLeod Zone area from an area of 1.1 km by 250 m to 1.5 km by up to 400 m in the A-Zone and up to 600 m in the McLeod Zone. The mineralized trend remains open at depth and on strike.
The 2022 drill program has helped prove the continuity of the current mineralized zones while also identifying new exploration targets. The above noted
results significantly increase the mineral exploration potential of the Ishkoday Au-Zn-Cu-Ag deposit. Assays for the remaining 5 drill holes from LBX22-090 to LBX22-094 are in progress and as such are still awaited. Once all assay results are received together with the televiewer data, and all data has been integrated into the Ishkoday database and 3D model, this will enable LAURION and the technical team to commence the detailed
planning of the 2023 winter and summer diamond drilling and exploration program. LAURION is currently estimating an
approximate 8,000 m drill program, mapping, excavation and trench stripping and channel sampling program on three trench areas. Drill hole targeting for this drill program has not yet been finalised until all the data has been integrated into the 3D model.
On September 27, 2022, LAURION completed a flow through financing for the amount of $2,013,104. Use of proceeds for this amount will be used to conduct the exploration program for the above activities in 2023.
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As at Sept 30, 2022 LME had over $9.5 million cash in the bank. More than enough to execute their drill program, to help further define a mineral resource.