Laurion Mineral Exploration - Core logging at the Ishkoday project in Ontario.
Core logging at the Ishkoday project in Ontario.
Source: Cynthia Le Sueur Aquin (LinkedIn).
  • Laurion Mineral Exploration, a high-performing junior gold stock that has returned almost 400 per cent since 2019, has outlined its 2024 exploration plans at its flagship Ishkoday project in Ontario
  • The company will conduct two drilling campaigns, in addition to prospecting, trenching and sampling, guided by its consistent track record of increasingly prospective exploration
  • Laurion Mineral Exploration is a junior gold stock with a focus on shareholder value backed by more than 70 per cent insider ownership
  • The microcap gold stock (TSXV:LME) is down by 4.35 per cent year-over-year, but has gained 388.89 per cent since 2019

Laurion Mineral Exploration (TSXV:LME), a high-performing junior gold stock that has returned almost 400 per cent since 2019, has outlined its 2024 exploration plans at its flagship Ishkoday project in Ontario, about 220 kilometres northeast of Thunder Bay.

After notable progress towards resource delineation during 2021 and 2022 drilling, promising results in 2023 in the orogenic gold corridor linked with the Niish Shear Zone, particularly in the Sturgeon River Mine area, and a technical report supporting the potential for substantial mineralization across multiple targets, the company is keen on pursuing demonstrated expansion opportunities to the north and south of the Sturgeon River Mine.

Quebec’s Forage GeoNord will undertake two drilling campaigns for a total of 6,500 metres. The first campaign, slated for early March 2024, seeks to delineate additional grade and tonnage potential around the Sturgeon River Mine shaft, while the second will follow a field program later in the year.

The field program, slated for June 2024, will consist of prospecting, mechanical trenching, channel sampling and mapping to better understand “prospective areas previously identified by prospecting,” according to Friday’s news release, “including regions northwest of the Sturgeon River and Brenbar mines, the Sturgeon-Maloney showing, and the recently acquired Twin Falls claims.”

Additionally, KBM Resources Group, based in Thunder Bay, will provide high-resolution imagery and a LiDAR survey over Laurion’s Twin Falls project, which is host to an orogenic gold occurrence and includes 53 new mineral exploration claims over 10.46 square km. KBM’s crew aims to identify geological structures, faults and potential mineral deposits across the project to expedite exploration efforts. Mobilization is scheduled for late May 2024.

Laurion is a junior gold stock with a focus on shareholder value backed by more than 70 per cent insider ownership.

Laurion Mineral Exploration (TSXV:LME) last traded at C$0.44 per share. The stock is down by 4.35 per cent year-over-year, but has gained 388.89 per cent since 2019.

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