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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 Smitty64on Jul 11, 2023 11:36am
414 Views
Post# 35535508

Why are they not drilling?

Why are they not drilling?
I know a lot of people on this forum like to take the optimistic approach and play games like “Let’s guess the buyout price” and “What will you do with your payout”….unfortunately I’ve had the rug pulled out from under me too many times, so I have to play the game, “until the money is in my f ckin account, nothing has happened.”

Guys, why have they not announced the start of this year’s drill program? As we know the drilling season that north has a small pocket. Also, the next AGM is just over 2.5 months away (assuming a same date). Since the last AGM they have communicated they will be executing a small drill program of their most fruitful areas – why has this not begun/happened/announced?

I know there will be a lot of replies along the lines of “it’s because they’re currently in negotiations, etc” but I can’t be the only one who is a little worried we may be much further off than most think – or that their preliminary efforts to locate the “fruitful” areas are failing so they’re forced to continue to prospect the land….

Roger is no longer active on FB (in regards to Laurion posts), Cynthia posts relatively repeated photos of prospecting/surveying and there hasn’t been a concrete PR in over a month. I feel the next PR will be very telling in either a very good or a very bad way…
 
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