- Laurion Mineral Exploration (TSXV:LME), a top-performing gold stock, has expanded its flagship Ishkoday polymetallic gold project in Northwestern Ontario
- The addition, known as the Twin Falls property, is host to an orogenic gold occurrence and includes 53 new mineral exploration claims over 10.46 square kilometres
- Laurion Mineral Exploration is a junior miner with a focus on shareholder value backed by more than 70 per cent insider ownership
- Laurion Mineral Exploration stock (TSXV:LME) has added 500 per cent over the past five years, almost 10 times the 58.96 per cent return of the SPDR S&P Metals & Mining ETF over the period
Laurion Mineral Exploration (TSXV:LME), a top-performing gold stock, has expanded its flagship Ishkoday polymetallic gold project in Northwestern Ontario.
The addition, known as the Twin Falls property, is host to an orogenic gold occurrence and includes 53 new mineral exploration claims over 10.46 square kilometres (1,046 hectares) in the Irwin, Pifher and Sandra townships. Twin Falls expands Ishkoday to 57.43 square km (5,743 hectares) and adds significant prospectivity because of numerous gold occurrences in the region.
Consideration includes 142,857 common shares priced at $0.70 for a total of $100,000, with a net smelter returns royalty of 1 per cent on gold and base metal production. Laurion, at its discretion, may purchase 0.5 per cent of the royalty for $500,000.
All shares issued are subject to a four-month hold from the date of issue.
Ishkoday features a potential bulk near-surface gold-polymetallic target over a 3 km x 1 km outcrop area. The 2022 exploration program confirmed gold- and zinc-rich epithermal and orogenic gold veins, with 2023 exploration currently underway.
Laurion Mineral Exploration is a junior miner with a focus on shareholder value backed by more than 70 per cent insider ownership.
Laurion Mineral Exploration stock (TSXV:LME) is up by 3.45 per cent, trading at $0.60 per share as of 9:55 am ET. The stock has risen by 500 per cent over the past five years, almost 10 times the 58.96 per cent return of the SPDR S&P Metals & Mining ETF over the period.
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