2023 Drilling programUnless something significantly changes, Laurion is going to drill this fall. I think the reason it hasn't started yet is because it is so small, it isn't worth it to the companies they would hire.
Drilling companies have all prioritized the larger campaigns, and with all the activity in the area, there just isn't anyone to do it until capacity opens up later in the fall after other campaigns are done.
Reason they are going to drill is this. They have 1.6 million in cash that needs to be spent by December 2023. This money is the proceeds from the sale of the flow-through units. Flow through units represent a tax incentive to the purchasor based on the transfering of the company loss to the purchasor, but the company is under a strict timeline to use the money. I doubt Laurion would want to negate the benefit for the purchasor by not using the money. The money can only be spent of exploration related costs. I assume the magnetic imaging cost 200-400k and a 5000 meter drill program to be just over 1 million.