Laurion Mineral Exploration

Overview

Laurion Mineral Exploration (TSXV:LME, OTCPINK: LMEFF) is an exploration and development company solely focused on the Ishkoday gold project located in Ontario. The company’s flagship ‘brownfield’ Ishkoday gold-polymetallic project is located 220 kilometers northeast of Thunder Bay, Ontario. The 47-square kilometer Ishkoday project is wholly-owned by Laurion Mineral Exploration, which acquired the property in 2007.

Laurion Mineral Exploration’ Ishkoday project is the home of two past-producing shafts, Sturgeon River and Brenbar, which returned grades of 17.0 g/t gold and 20.0 g/t gold respectively. The Quebec Sturgeon River gold mine has produced 73,322 ounces of gold and 15,929 ounces of silver to date. Acquired in December of 2019, the Brenbar project encompasses 2.55 square kilometers of land contiguous with the Ishkoday project. The property hosts the past-producing Brenbar mine which generated 135 tonnes between 1941 and 1949.

The Ishkoday property also contains a considerable stockpile of surface material. According to a 2013 NI 43-101 Technical Report, the stockpile is estimated to contain a total of 281,571 tonnes grading at 1.14 g/t gold for a total of 10,327 contained ounces of gold. Moving forward, Laurion Mineral Exploration intends to monetize the stockpile as it continues to explore the property.

Laurion Mineral Exploration is tightly-held by its shareholders, with over 50 percent of investors represented by friends and family. The company believes this shareholder base reflects the shareholder confidence in the project, which enables the company to focus on the development of the project while optimizing the financial value of the company. “We have had steady support and investment from family and friends, who now hold 58.4 percent of Laurion. Obviously that means there’s a relatively small float out there, which gives us great stability. I feel that that this enables me to focus on exactly what I’m supposed to do and develop the project,” said Laurion CEO Cynthia Le Sueur-Aquin during an interview with the Investing News Network at PDAC.

Laurion Mineral Exploration’s Company Highlights

• Developing the high-grade Ishkoday gold polymetallic project north east of Thunder Bay, Ontario
• Expanding on the past-producing high-grade Quebec Sturgeon River gold mine and Brenbar project
• Project-wide exploration database at Ishkoday includes over 21,800 surface samples, 7 geophysics databases and 307 diamond drill holes totaling 48,879 meters
• Developing an open-pit model based on near-surface mineralization of gold-silver and gold-zinc-rich polymetallic components
• Ishkoday property includes two past-producing shafts with long-term mine life potential: Sturgeon River at 17.0 g/t gold and Brenbar at 20 g/t gold.
• Working to monetize high-grade ore-rich stockpiles in addition to the 85,000 ounces reportedly remaining in existing mine drifts
• Stockpile includes approximately 10,327 contained ounces of gold
• Approximately 58.4 percent of shareholders are friends and family members

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