Laurion Mineral Exploration Inc V.LME

New Press Release - LAURION's Sturgeon River Mine Drilling Continues to Confirm Mineralization with Grade Intercepts as High as 20.19 g/t Au Over 1.30 Metres, Including 52.3 g/t Au Over 0.5 Metres and 25.0 g/t Au Over 0.5 Metres

(TheNewswire)TORONTO, ONTARIO - (June 19, 2024) – TheNewswire – Laurion Mineral Exploration Inc. (TSX.V: LME and OTCPINK: LMEFF) (“LAURION” or the “Corporation”)is pleased to provide an update on its 2024 exploration and drilling efforts at the Ishkõday Project, situated 220 km northeast of...read article.

[Smitty64]

Any chance this will affect the Stock Price? And thoughts on the overall affect on the property as a whole?

[Cnb567]

I would hope so! These are bonanza grade gold results at shallow intercepts. At these depths less than 0.5 g/t is economically viable and these results are whack. Let's get this gold train rolling again!

[Golden7777]

Love these results!!  Super annoying that the SP is back to down again but just a annoying bump in the road I guess.

[Beaker1965]

Looks like it was a very short ride!!

[Smitty64]

Seems like the SP stayed flat...can anyone elaborate on the results? Is 1.30, 0.5 and 0,5 meters extremely small in terms of area for such high results, or can we be confident this is a preview of more to come?

[TheWrench55]

My unprofessional and amateur opinion, we have each drill hole hitting multiple times at various depths.  If one drill hole at a chosen location is seeing results like this, who knows what could be down there.  These are good results in my opinion.

[LTMG2500]

The stock was always going to face selling pressure in the days before the capital gains deadline. The stock is up 268% over the last 5 years. LME faces a conflict of interest if they were to annouce a deal before this deadline as it may appear to benefit certain large shareholders on the management team so I wouldn't hold my breath for a sale before the 25th. Probably very frustrating for

[Cnb567]

I can't elaborate on ore vein width but I can elaborate on what I've learned with regards to weight. To save some typing I've found this writeup online. However, I recall members and Roger commenting in the past (outside of stockhouse) on what LME would consider to be economically feasible. Many thing must be taken into factor for a company to deem it feasible. With LME, it has been

[ahsineeg]

Great points! To add to this, the Greenstone mine (owned 100% by equinox) 40km down the road from the ishkoday has over 5 million oz of gold with an average grade of 1.27 grams/ton. It too is an open pit mine.