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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 goldenIon Aug 11, 2023 10:47am
300 Views
Post# 35583801

RE:New FAQ sheet

RE:New FAQ sheet

This is the change that most caught my eye:

 

From July 20, 2023

Initial estimates of inferred mineral (gold or equivalent ounces) resources on the Ishkoday Property were approximately 10,000,000 ounces, as set out in a prior MD&A of LME. Since then, the tone of LME’s results has been very positive in press releases and annual reports. How are shareholders to interpret that? Is LME increasingly confident in these estimates? Does the work on the property to-date improve the initial inference of resources in management’s view? To what extent are some of those estimates proven? After years of exploration and excavation, some of that inferred number must have become definite. How much? 

To: August 11, 2023

LAURION’s assays results have been very positive in their press releases and annual reports. How shareholders to interpret LME’s increasing confidence in the work the technical team have completed on the Project? Does the work on the property to-date improve the initial inference of the potential resources in management’s view? After years of exploration work which included prospecting, grab sampling, trenching, channel sampling and drilling. Some of that speculated potential on the project should be able to be defined. 

What I found interesting was that the early version was posted after I got confirmation that the 10M GEO was an aggressive target and they had not proved it as yet. Further  it was never set out in a MD&A as an estimate. I was quite surprised to see it worded this way in the original and not at all surprised to see the reference removed in the update.

There are other differences and you can do your own comparison https://web.archive.org/web/20230720055151/https://www.laurion.ca/_resources/LME-FAQ-Shareholders.pdf but for me this is the change that caused me a concern as I wonder how and why it was worded that way in the original.

 
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