Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Timeandmoneyon Jan 13, 2023 8:58am
323 Views
Post# 35220637

RE:RE:RE:RE:RE:Predict the Date?

RE:RE:RE:RE:RE:Predict the Date?

Team LME,

To clarify, I think Mark Bristow is now positioning Barrick's stakeholders to accept some element of computer modeling in lieu of 43-101 type reports.

This seems to me to be part of an effort to convince the Barrick board to approve acquisitions in the junior space to support their need for organic growth. Simply put, they need new mineral sources to meet future demand.

Modern geological computer models rely on a combination of long term historical data via past assay results and previous ore extraction records plus new trenching reports and electromagnetic scans that combine to predict ore body type, formation and location.


Ishkoday is an excellent example of a property that has well documented brownfield data sets that allowed the predictive models to secure a solid "starting point". Armed with confirmed clean data, they can make reliable predictions. Each drill hole provides more data for their model which in turn helps improve future predictions. It's a virtuous cycle. 

The evidence to support this can be found in the 100% success rate that LME has achieved via thier 2022 drill results. It's the computer models that aimed and guided the drill targeting.

Additional information about the company that performs this wizardry for LME and many others can be found by visiting https://mirageoscience.com/

I
 remain bullish...

<< Previous
Bullboard Posts
Next >>