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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 Oct 06, 2023 8:50am
160 Views
Post# 35672747

RE:RE:RE:RE:RE:RE:RE:RE:Press Release Jan/23

RE:RE:RE:RE:RE:RE:RE:RE:Press Release Jan/23

That's fair, but I do think it is also possible that buyers are expecting Cynthia to PROVE the 10m geos. We know Cynthia had thrown this number out as a target so I'm sure she at least believes we have a propable or inferred value at that figure but a buyer may be holding out for those resources to move into the indicated or proven categories. Cynthia and the team have done an excellent job derisking the ishkoday but proving this number of resources really would be a catalyst that makes Lme and even more attractive buyout candidate than it already is. That's where the geomagnetic survey, mass channel sampling and drilling comes in, it may be what gets us over the finish line. That being said, it's entirely possible a private equity firm or family office is happy with the data cynthia already has, a deal is in the works and the drilling is just using up the grant money as that's the sensible thing to do. It's not uncommon for companies to keep exploring their properties by drilling and sampling  even once a mine is active. Either way, exciting times ahead in the midst of all this waiting! 

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