LAURION Mineral Exploration Inc. (TSX.V: LME) (OTCPINK: LMEFF) (“LAURION” or the “Company”), is happy to announce that it’s collectively finding out with DRA Americas Inc. (“DRA“) the potential utility of ore sorting expertise to monetize the accessible materials via restoration of contained gold inside the stockpiles and/or present shaft on the Company’s wholly-owned Ishkoday Mission (“Ishkoday” or “Mission“), which is positioned 220 km northeast of Thunder Bay, Ontario.
LAURION is at present in discussions with DRA to doubtlessly present consulting and engineering providers to develop the stockpile and shaft primarily based challenge. It’s at present contemplated that, pursuant to such an engagement, DRA would conduct all of the techno-economic research and likewise handle any further metallurgical test-work that could be required.
The deliberate research regarding the Mission can be stage-gated with the aim of manufacturing a closing Feasibility Research. Additional particulars of any engagement with DRA will likely be offered when accessible.
DRA World Restricted (ASX: DRA) (JSE: DRA) (“DRA World“) is a diversified world engineering, challenge supply and operations administration group, with a powerful monitor document spanning greater than three a long time. Identified for its collaborative method and intensive expertise in challenge growth and supply, in addition to turnkey operations and upkeep providers, DRA World goals to ship optimum options from ‘womb to tomb’ which can be tailor-made to satisfy wants of the mining trade.
LAURION’s goal for the Ishkoday is to provoke growth and manufacturing, in addition to to proceed exploration of the Ishkoday, implementing a phased and strategic method to attain these goal targets.
LAURION has lately accomplished the Baseline Environmental Research via Blue Heron Options (“Blue Heron“). Blue Heron commenced the allowing work and baseline research in 2018.
The Ishkoday has a historical past of mining exercise relationship again to 1936, when gold and silver was mined from 1936 to 1942. The Sturgeon River Mine produced 73,322 ounces of gold, and 15,929 ounces of silver from the No. 3 Vein at 24 g/t gold.
A legacy stockpile of roughly 190,000 tons grading 1.59g/t, was stacked adjoining to the mine shaft and the low grade tailings pile of 137,501 tonnes grading 0.67 g/t gold, deposited from the historic mining is positioned north of the legacy stockpile, primarily based on a Nationwide Instrument 43-101-compliant Technical Report entitled “Technical Report on the Useful resource Estimate on the Sturgeon River Mine Waste Pile and Tailings, Ishkoday Property, Northern Ontario“, dated June 7, 2013 (the “Technical Report”), which is obtainable on SEDAR. (See the Technical Report and the Company’s information launch dated April 23, 2013.)
The Sturgeon River Mine Hall is roughly 1.8km by 350m. The compilation and synthesis of the of the No. 3 Quartz Vein and adjoining veins, counsel that the 1937 to 1942 mining from close to floor to -642 m vertical depth not solely lined the N-S trending No. 3 Quartz Vein, but additionally 5 further quartz veins, most of which development NE-SW.
(See the Company’s information launch dated March 17, 2020).
The three Vein embody 12 particular person veins, Nos. 1A, 1B, 2, 3, 3A to 3E, Coniagas and No’s. 8/11 gold bearing vein units in a hall extending some 750m in size by 375m broad (See the Company’s information launch dated October 8, 2019). LAURION’s drilling in 2010 intersected a number of further quartz veins north of the underground workings.
LAURION is of the opinion that higher-grade gold-bearing veins (“Shoots”) are current on the Sturgeon Gold Mine. Mineralization on the Ishkoday is open at depth past the present core-drilling restrict of -200 m from floor, primarily based on the historic mining to a -685 m depth, as evidenced previously producing Sturgeon River Mine. (See the Company’s information launch dated March 17, 2020).
For extra info concerning the Ishkoday, please check with the Technical Report.
The Company is a junior mineral exploration and growth firm listed on the TSXV underneath the image LME and on the OTCPINK underneath the image LMEFF. LAURION now has 254,052,613 excellent shares of which roughly 80% are owned and managed by Insiders who’re eligible buyers underneath the “Buddies and Household” classes.
LAURION’s emphasis is on the event of its flagship challenge, the 100% owned mid-stage 47 km2 Ishkoday Mission, and its gold-silver and gold-rich polymetallic mineralization with a major upside potential. The mineralization on Ishkoday is open at depth past the present core-drilling restrict of -200 m from floor, primarily based on the historic mining to a -685 m depth, previously producing Sturgeon River Mine.
The Brenbar Property, which was acquired in 2020 and is contiguous with the Ishkoday Property, hosts the historic Brenbar Mine. LAURION believes the mineralization to be a direct extension of mineralization from the Ishkoday Property.
Web site: http://www.LAURION .ca
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This press launch comprises forward-looking statements, which replicate the Company’s present expectations concerning future occasions, together with with respect to LAURION’s enterprise, operations and situation, administration’s targets, methods, beliefs and intentions, and any potential future preparations and engagements with DRA and/or its associates.
The forward-looking statements contain dangers and uncertainties. Precise occasions and future outcomes, efficiency or achievements expressed or implied by such forward-looking statements may differ materially from these projected herein together with on account of a change within the buying and selling value of the frequent shares of LAURION, the interpretation and precise outcomes of present exploration actions, modifications in challenge parameters as plans proceed to be refined, future costs of gold and/or different metals, attainable variations in grade or restoration charges, failure of apparatus or processes to function as anticipated, the failure of contracted events to carry out, labor disputes and different dangers of the mining trade, delays in acquiring governmental approvals or financing or within the completion of exploration, in addition to these components disclosed within the Company’s publicly filed paperwork.
Buyers ought to seek the advice of the Company’s ongoing quarterly and annual filings, in addition to every other further documentation comprising the Company’s public disclosure document, for added info on dangers and uncertainties relating to those forward-looking statements. The reader is cautioned to not depend on these forward-looking statements. Topic to relevant regulation, the Company disclaims any obligation to replace these forward-looking statements.