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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 19, 2024 10:32am
226 Views
Post# 36185832

RE:RE:Is this the week?

RE:RE:Is this the week? Yes my use of the word complete is derived from a post made by Doug on May 9, 2024 where he states: "They have completed the due diligence process. That's all I know. Wish I knew more but it's all being kept "tight hole" and for good reason. When there is a material change Cynthia will notify the shareholders."

You are correct though that there has been no official PR stating this and in my initial reading I did note the most recent MD&A still used that wording as well. I would like to assume this is simply an oversight in regard to updating the statement. Doug would be able to clarify I'm sure. 

Goldenbull I am with ya! While I am optimistic we receive an announcement this week I am also ready for (but not as excited for) a PR stating an extension on the agreement with USCG or drill results. There is also the possibility we see something along the lines of setting an AGM date but I do not think we are quite there yet.

I do feel that if USCG has not made meaningful progress towards a deal that Cynthia would take back the 250,000 deposit. They have had a year and I do not believe Cynthia would allow them to keep it into perpetuity for the sake of “saving face”.

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