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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 BidingTimeon Jun 04, 2024 11:08am
226 Views
Post# 36071157

RE:RE:RE:RE:RE:New Press Release - LAURION Announces 2024 Field Exploration Plans and Updates on Ishkoday Project

RE:RE:RE:RE:RE:New Press Release - LAURION Announces 2024 Field Exploration Plans and Updates on Ishkoday ProjectWe could indeed interpret this release just as you say JoJo - and there have been others in the past 12+ months that could be read in the same way. Which means they aren't being published to assure retail investors of progress, but rather direct messages to others in the market - potential acquirors, capital partners or seniors.

We could also read into the way that it is structured and the messages to tell other parties that we know what we have as proven in the data room, and the drill program within the known strike zones is not being expanded, because our data is sufficiently rich pertaining to previously targered strike zones.

Rather, we're shifing drilling into the Ziibi zone (which by the way was mined by predecessors to confirm material gold and copper values), while the field team turns its attention to the recently acquired Twin Falls project - adjacent to the zones where we've built a rich and coveted data room. We're doing this because we believe we can extend the strike zones - otherwise we wouldn't have acquired the rights to Twin Falls in the first place. Which means yes the price will increase, so 'the longer you drag this out..."
 




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