- Laurion Mineral Exploration (TSXV:LME) is celebrating its 65th year as a publicly listed company on the TSX Venture Exchange
- The company’s flagship Ishkõday project holds the potential to house 22.5 to 45 million tons averaging 0.11 grams per ton (g/t) to 8.67 g/t gold
- Laurion is a junior miner focused on its gold-rich polymetallic Ishkõday project in Ontario
- Laurion Mineral Exploration stock has given back 7.69 per cent year-over-year but remains up by 157.14 per cent since 2020 and by over 1,500 per cent since 2015
Laurion Mineral Exploration (TSXV:LME) is celebrating its 65th year as a publicly listed company on the TSX Venture Exchange.
Initially listing on April 17, 1945, under a predecessor name, Laurion has maneuvered through numerous market downturns by capitalizing on strategic opportunities to become the mid-stage gold miner it is today. The company is advancing one of Ontario’s most prospective polymetallic gold projects, which we outline in the next section.
Concurrently, the TSXV has evolved from its early focus on mining, through the consolidation of the Alberta and Vancouver stock exchanges, into a globally recognized organization with over 1,600 companies and hundreds of billions in equity capital raised, propelling innovation in Canada and across the world.
Laurion’s Ishkõday project
Laurion’s 57-square-kilometre Ishkõday project, near Beardmore, Ontario, boasts over 90,000 metres of drilling substantiating 22 mineralized structures within a 6 km x 1.8 km corridor that remains open at depth and along strike.
The property’s 2023 NI 43-101 technical report delineates the project’s exploration potential at 22.5 to 45 million tons averaging 0.11 grams per ton (g/t) to 8.67 g/t gold. This is in addition to a gold-bearing surface stockpile offering near-term production potential.
Laurion’s next steps for Ishkõday include bulk sampling, a 7,000-metre drilling program and an ongoing strategic review with US Capital Global to optimize shareholder value creation.
Leadership insights
“To stand as one of the TSXV’s longest-listed companies is an extraordinary honour,” Cynthia Le Sueur-Aquin, Laurion Mineral Exploration’s president and chief executive officer, said in a statement. “It reflects not only our staying power but also the shared belief among our stakeholders – investors, First Nations and other partners and service providers – that we are building something special at Ishkõday.”
“We honour the generations of shareholders, geologists, prospectors, First Nations, service providers and strategic partners who have supported Laurion’s mission,” Le Sueur-Aquin added. “Their legacy fuels our work and their trust inspires our next chapter. We remain committed to advancing the Ishkõday project and positioning Laurion to capitalize on strategic opportunities that may arise in the future.”
About Laurion Mineral Exploration
Laurion is a junior miner 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. The stock has given back 7.69 per cent year-over-year but remains up by 157.14 per cent since 2020 and by over 1,500 per cent since 2015.
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(Top image: Laurion Mineral Exploration)
