Laurion Video Transcript Here is an attempted transcript of the most-recent LME corporate video posted on their website. Matlas correctly pointed out that the recent 'exploration,development, disposition' language on Cynthia's linkedin posts shows up in this video as well.
We all know Cynthia to be diligent, thorough and careful - and i believe the recent comments on this board about them needing to balance between not dislcosing information that cannot be disclosed and protecting themselves against claims of non-transparency are bang on. The result - all we get are posts, press releases and occasional videos - so we need to pay attention to what is being said, what is new and what has changed.
Here is it - for your use. I have bolded the parts i think are new or newly phrased. More comments at the end.
----------------------VIDEO TRANSCRIPT----------------------------
The Ishkoday is a gold and polymetallic project with an extensive land package of 47 km2 located in northwestern Ontario – 10 km north of the TransCanada Highway #11 along provincial road 801.
The project offers excellent year-round exploration and low-cost accessibility with proximal infrastructure and a skilled labour force.
Laurion has a clear and disciplined growth strategy to developing the numerous property-wide occurrences of gold and polymetallic mineralization which comprise of multiple centimetre to metre wide veins and related mineralized zones over a 6 km long and up to 1 km wide overall trend.
The Ishkoday’s Sturgeon River Mine 17 g/t gold – Brenbar Mine 20 g/t gold – and the gold-bearing stockpiles are hosted on 21 year mining leases with surface rights and claims.
Laurion’s 2023 exploration campaign will focus on this orogenic gold corridor hosting the Sturgeon River and Brenbar mines within the western sector of the Ishkoday property.
Both shaft areas are associated with the Niish shear zone.
The 2023 exploration will also focus on those areas where there’s potential for a sufficient concentration / density of the several well-mineralized veins within the corridor.
The technical data for the historic Sturgeon River mine suggests that mineralization may be more extensive at depth and along strike.
The known mineralization on Laurion’s Ishkoday exhibits repetitive stacked and multi-directional gold and zinc-rich sulfides and lenses, veins and vein stockworks visible in the substantial mineralized outcrop exposure.
The board is focused on completing additional surface work and drilling in the vicinity of the shaft and stockpiles expanding on potential resources in this area while keeping its eye on the processing opportunity of the surface stockpile resources and shaft accessibility.
The Ishkoday is blessed with several base and precious metal occurrences across the 6 km strike.
The 2023 exploration effort will focus on locating concentrations of orogenic veins and possibly where they are superimposed upon older polymetallic veins.
Laurion is committed to maximizing shareholder value through the exploration, development and disposition of its flagship property – the 100% owned Ishkoday gold and polymetallic property.
Laurion is focused on creating value through the exploration with a strategy to continue to review, explore and expand its gold and polymetallic corridor within a 6 km by 2.5 km target area.
Laurion is de-risking and unlocking value for next steps while positioning for transformation as we execute on all our initiatives.
Laurion has strategically positioned itself by establishing strong foundational partnerships and expertise in all aspects of its corporate portfolio [logos DRA, Mira Geosciences, Metals House Inc., Blue Heron, Ronacher McKenzie)'
Laurion remains committed to creating strong relationships with Aboriginal communities in a collaborative way and engaging all the communities while ensuring we’re keeping pace with the speed of the Ishkoday exploration and developments.
Laurion will continue to seek out and explore opportunities and potential transactions that are strategically beneficial to the corporation and its shareholders.
Laurion is structured to continue enhancing the company’s value and is well positioned as an acquisition target.
The board is of the opinion that they have every reason to remain very confident that the corporate strategy is not only sound but that it will deliver the highest possible value for shareholders.
----------------END----------------
I interpret these last 3 sentences as follows:
- they have been, are, and will continue to seek out transaction opportunities
- they have been, are, and will continue to explore transaction opportunities
- they are well-positioned as an acquisition target, and
- they are confident they are on the right track
- they are prohibited from confirming or denying the existence or details of any negotiations - but this is as close as we can get to telling us that they have been and continue to active in everything to do with selling - and that they are happy with how it is going.
- we just have to wait until they complete a deal - could be tomorrow or any day after that.
until that day....cheers