• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Smart Market
    Smart News
    Smart Stocks
    • Smart Market
    • Smart News
    • Smart Stocks
    gold investing

    Laurion Mineral Exploration

    Investing News Network
    Mar. 23, 2020 05:21PM PST
    SmartNews
    Laurion Mineral Exploration
    Laurion Completes Its Annual Filings
    Laurion Completes Its Annual Filings

    Developing Ontario's Ishkoday Gold Project

    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

    Get access to more exclusive Silver Investing Stock profiles here

    LME:CA
    silver investingtsxv:lmeotcpink: lmeffgold investinggold development
    The Conversation (0)

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    Asra Minerals

    ASR:AU

    Piche Resources

    PR2:AU

    Quimbaya Gold

    QIM:CC

    Sranan Gold

    SRAN:CC

    LaFleur Minerals

    LFLR:CNX

    Pacgold

    PGO:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×