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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

Post by goldenIon Apr 21, 2023 8:42am
446 Views
Post# 35406812

Thoughts on latest PR

Thoughts on latest PRI noticed a few things in today's press release that I believe support some previous thoughts I have had in relation to what I believe is the endgame for Laurion, that it is being positioned as an add-on acquisition to the Greenstone Mine.

Note the subtle change in the opening paragraph from previous PRs

The Ishkoday Project is located in northwestern Ontario, 56 kilometres west of Geraldton, and just 10 kilometres north of the Trans-Canada highway No. 11 along Provincial Road 801.


Previous releases would position the Ishkoday north of Beardmore. Geraldton is where the Greenstone Mine is currently being built and going into production next year,

The objective of ore sorting is to reduce handling costs and increase gold grades of ore sent for processing.
 

If Laurion can pioneer and put in place an efficient way to pre-process the mineral extraction, it would seem a natural fit for Equinox/Orion as they have already expended the time and financial considerations in setting up a processing plant 56 km away.

I was a little surprised that there is no mention of the drilling campaign, but one could argue that may be a positive as well. 

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