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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

Comment by Lambosntendieson Aug 08, 2023 10:21am
275 Views
Post# 35577379

RE:Pictures from the field

RE:Pictures from the fieldYes, a deal would be underway with this work being done on site. Work doesnt stop onsite even if a deal is signed and an aqcuiror would not simply bring in new staff on aquisition day and take over for Cynthia. The buyer may have people on site with her, or maybe are planning on simply hiring the workers that are with Cynthia now and keeping them on the project as they would be familiar with the Ishkoday. Work will move forward on the Ishkoday daily up until and after a transaction occurs. An aquiror is looking for a few key things - mine feasability and estimated resources. I do not doubt that the data room shows promising resource estimates proving feasability. As for resource estimates this is something that grows over time, it is not uncommon for seniors to keep drilling/channel sampling in order to further define resource areas on a property even if they have already commenced mining. This means that channel sampling and drilling could occur alongside production as minerals move through the process of being propably, inferred, indicated and finally proven. 

Cynthia would absolutely be in the field with a potential buyout looming. I beleive that the geosurvery conducted a few months ago was part of the "prove it" phase of a deal. The continued channel sampling and groundwork is helping them continually add value to their share price by provinh more and more minerals and by exposing these known and unknown quartz vein systems. Deals of this magnitude take a lot of work and time to put together but also involve a lot of waiting. Waiting for buyer, lawyers and third parties as they work through due diligence, waiting on approval from neccassarry government bodies for sale approvals etc. 

Business as usual will take place whether a deal is on the table or not and if a deal is on the table work will move forward continually. It all depends on what side of the fence you are on in regards to believing a buyout soon or a that a buyout is still a ways off.  
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