- Laurion Mineral Exploration (TSXV:LME) signed an exploration agreement with a trio of First Nations groups
- The agreement covers consultation and collaboration pertaining to the expansion of Laurion’s flagship Ishkõday project
- Laurion is a junior gold stock focused on its gold-rich polymetallic Ishkõday project 220 km northeast of Thunder Bay, Ontario
- The junior gold stock has given back 10 per cent year-over-year, but remains up by 3,500 per cent since 2015
Laurion Mineral Exploration (TSXV:LME) signed an exploration agreement with Animbiigoo Zaagi’igan Anishinaabek (Lake Nipigon Ojibway First Nation), Biinjitiwaabik Zaaging Anishinaabek (formerly Rocky Bay First Nation), and Bingwi Neyaashi Anishinaabek (Sandpoint First Nation).
The agreement covers consultation and collaboration with the First Nations groups pertaining to the expansion of Laurion’s 57-square-kilometre Ishkõday project, located 220 km northeast of Thunder Bay, Ontario. Key points under the agreement include education, employment, exploration, environmental management and regional development.
Ishkõday has yielded extensive high-grade drilling results supported by geophysical surveys, structural and metallurgical studies and strategic target refinement, consistently demonstrating its value to the market.
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“We are honored to collaborate with our First Nations partners and remain committed to building an enduring and respectful working relationship,” Cynthia Le Sueur-Aquin, Laurion Mineral Exploration’s president and chief executive officer, said in a statement. “The signing of this exploration agreement is a key milestone for the Ishkõday project, allowing the company to continue advancing the project responsibly while enhancing our ability to create meaningful opportunities for employment, education and economic development within these communities.”
“We are pleased to have signed the exploration agreement with Laurion,” commented chief Paul Gladu of Bingwi Neyaashi Anishinaabek (Sandpoint First Nation). “This is a crucial step in ensuring our rights are protected and that the communities benefit from the resources extracted from our lands. The agreement sets forth a good path for communication, environmental stewardship and economic opportunities. We look forward to continuing to work with our neighbouring communities, Animbiigoo Zaagi’igan Anishinaabek and Biinjitiwaabik Zaaging Anishinaabek, on this proposed development.”
“It’s nice to see the finalization of this exploration agreement after many years with our longstanding partner,” commented chief Yvette Metansinine of Animbiigoo Zaagi’igan Anishinaabek First Nations. “This shows our three First Nations and Laurion’s commitment to a transparent and mutually beneficial relationship.”
“We were excited to sign the exploration agreement with Laurion, along with our neighboring communities, BNA and AZA,” commented chief Gladys Thompson of Biinjitiwaabik Zaaging Anishinaabek (Rocky Bay First Nation). “The agreement was complete and detailed to our satisfaction, highlighting the protection of our rights. The signing of the agreement will further advance the project so that our First Nations will benefit by creating opportunities for our people with employment, education and economic development in our communities.”
About Laurion Mineral Exploration
Laurion is a junior gold stock focused on its gold-rich polymetallic Ishkõday project 220 km northeast of Thunder Bay, Ontario. Insiders own approximately 73.6 per cent of outstanding shares.
Laurion Mineral Exploration stock (TSXV:LME) last traded at C$0.36 per share. The stock has given back 10 per cent year-over-year, but remains up by 3,500 per cent since 2015.
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(Top photo of gold mineralization behind Laurion Mineral Exploration logo: Laurion Mineral Exploration)
