Laurion Mineral Exploration(LME.V)

Discussion in 'Penny Stocks' started by Rickydi, Mar 25, 2021.

  1. Rickydi

    Rickydi Member

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    I have been investigating that company for a few months.

    Only 1 property but a lot of expliration / drilling over several years

    Laurion's emphasis is on the development of its flagship project, the 100-per-cent-owned, mid-stage, 47-square-kilometre Ishkoday project. The mineralization on Ishkoday is open at depth beyond the current core drilling limit of minus 200 metres from surface, based on historical mining to a minus-685-metre depth, in the past-producing Sturgeon River mine. The recently acquired Brenbar property, which is contiguous with the Ishkoday property, hosts the historical Brenbar mine, and Laurion believes that the mineralization is a direct extension of the mineralization from the Ishkoday property.

    Gold stockpile
    10,327 oz.
    Surface veins Au, Ad, Cu, Ni
    Near surface targets 47 sq.km
    S/O 210 millions Float 56 millions Management + insiders owns 162 million shares

    Bulk mineralization over 6kmx1km area o Potential for 10+M GEOs*¹ potential – via stacked veins, in Gold-rich and/or Gold polymetallic-rich sulphides. o Extensive field work to-date has identified and confirmed untapped surface targets. o 2011 BOTE*² “A”- Zone @ 40-50 million tonnes grading – 2.5 g/t Au, 0.5% Cu, 3% Zn and 30 g/t Ag - (760,450 GEOs)

    This is it for now
     
  2. Rickydi

    Rickydi Member

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    Everything you need to know in 6 minutes

     
  3. Rickydi

    Rickydi Member

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    This company is a future blueship
     
  4. Rickydi

    Rickydi Member

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    PP are closed and oversubscibed
     
  5. Rickydi

    Rickydi Member

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    Here is what I like about LME.V
    Small float with insiders own 72% of the paper out
    1 property in the portfolio
    Gold Stockpile (current value 17,000,000$+)
    Surface targets
    Targets with define tonnage
    All ingredients are in place to fly high
     
  6. Rickydi

    Rickydi Member

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    About LAURION Mineral Exploration Inc. T
    he Corporation is a junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF.
    The Corporation currently has 210,487,262 outstanding shares, of which approximately 73% of LAURION’s issued and outstanding shares are owned and controlled by Insiders who are eligible investors under the “Friends and Family” categories.
    LAURION's emphasis is on the development of its flagship project, the 100% owned midstage 47 km2 Ishkoday Project, and its gold-silver and gold-rich polymetallic mineralization with a significant upside potential.
    The mineralization on Ishkoday is open at depth beyond the current core-drilling limit of -200 m from surface, based on the historical mining to a -685 m depth, in the past producing Sturgeon River Mine.
    The recently acquired Brenbar Property, which is contiguous with the Ishkoday Property, hosts the historic Brenbar Mine and LAURION believes the mineralization to be a direct extension of mineralization from the Ishkoday Property.
     
  7. Rickydi

    Rickydi Member

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    LME is a hidden gem
    visit laurion.ca to read about the1 property Laurion owns and develop
    Do your DD
    PP is closed and work will keep going
     
  8. Rickydi

    Rickydi Member

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  9. Rickydi

    Rickydi Member

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    LME up on high volume and no news
     
  10. Rickydi

    Rickydi Member

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    Laurion begins drilling at Ishkoday

    2021-04-13 09:08 ET - News Release

    Ms. Cynthia Le Sueur-Aquin reports

    LAURION INITIATES 10,000 M DIAMOND DRILLING PROGRAM AT THEIR FLAGSHIP ISHKODAY POLYMETALLIC PROJECT

    Laurion Mineral Exploration Inc. has commenced this 2021 season's 10,000-metre diamond drill hole program at its flagship property, Ishkoday, located in the Onaman-Tashota greenstone belt, 28 kilometres northeast of Beardmore, Ont.

    Diamond Drill Program

    The objective of this initial 10,000m drilling campaign is the definition of the mineralized system which comprises the 2020 Niish discovery and the A-Zone (Behzik structure). Early results at the Niish structure in drill holes LME20-031which intercepted 70.65 m of 3.90 g/t Au, 6.46 g/t Ag, 0.25 % Cu, 0.40 % Zn from 325 - 423.25 m; and LME20-030 which intercepted 18.50 m of 0.18 g/t Au, 14.64 g/t Ag, 0.21% Cu and 3.69% Zn from 141.50 -160.00 m, showed the encouraging potential of this mineralized structure.

    The Niish and the Behzik shear zones are part of a set of third order parallel structures, delineating the southern and northern contact of an interpreted (from drilling and geophysics) dioritic intrusive plug. In addition to these two (2) parallel structures, a number of EW and NS mineralized subsidiary structures and veins have been identified through past surface exploration and drilling (See Figure 1). Both the Niish and Behzik structures are interpreted as the major fluid conduits bounded by the diorite contact and S2 foliation. This dilatational zone and the presence competent Fe-rich rocks represents a major mineralized zone characterized by numerous sets of organized veins.

    The planned drill holes will be investigating the geometry and grade distribution of the greater Niish and Behzik zone while also aiming at defining the mineralized veins system comprised between them. A total of 8 holes varying from 650 to 750 metres in depth have been planned as part of this initial drilling campaign.

    This new litho-structural interpretation opens significant potential for the exploration of Au-rich orogenic type mineralization at the A-Zone. "I am most pleased that the Laurion team together with geological experts at Mira Geoscience were able to integrate all the available data at Ishkoday, including more than 40 years of exploration historical data, to generate a global understanding of the A-Zone mineralization. This bodes well for greater exploration success in building mineralization volume at Ishkoday," stated Cynthia Le Sueur-Aquin, President and CEO of LAURION.

    Issuance of Performance Incentive Stock Options

    The Corporation also wishes to announce that it has granted to each of John Covello and Nick Ierfino incentive stock options ("Options") to acquire 212,045 common shares of the Corporation, exercisable on or before April 13, 2026 at an exercise price of $0.23 per share, subject to vesting requirements. These Options are part of a discretionary performance bonus awarded to Mr. Covello and Mr. Ierfino (who are both directors of the Corporation) in recognition of their significant contributions to the Corporation's capital raising initiatives.

    The issuance of Options, as contemplated in this news release, is subject to the terms of the Corporation's stock option plan and TSX Venture Exchange ("TSXV") approval.

    LAURION Mineral Exploration Inc.

    The Corporation is a junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. The Corporation currently has 209,752,480 outstanding shares, of which approximately 73% are owned and controlled by Insiders who are eligible investors under the "Friends and Family" categories.

    LAURION's emphasis is on the development of its flagship project, the 100% owned mid-stage 47 km2 Ishkoday Project, and its gold-rich polymetallic mineralization with a significant upside potential. The mineralization on Ishkoday is open at depth beyond the current core-drilling limit of -200m from surface, based on the historical mining to a -685 m depth, in the past producing Sturgeon River Mine. The recently acquired Brenbar Property, which is contiguous with the Ishkoday Property, hosts the historic Brenbar Mine.

    Qualified Person

    The technical information in this news release has been prepared in accordance with Canadian regulatory requirements and has been reviewed and approved by Jean-Philippe Paiement, PGeo., MSc. a consultant to Laurion, and a "qualified person" within the meaning of National Instrument 43-101.

    We seek Safe Harbor.
     
  11. Rickydi

    Rickydi Member

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    Stock is up 15% in the last 5 trading days
     
  12. Rickydi

    Rickydi Member

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    April9, 2021 the stock was trading @ 0.20¢
    April 19, 2021 stock is 0.35¢ on heavy volume
    Something is cooking
     
  13. Rickydi

    Rickydi Member

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    1St post on LME was march 25 stock was 0.205¢
    Today stock is 0.36¢
    A lot of upside left
     
  14. Rickydi

    Rickydi Member

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    Last close 0.60¢ did as high as 0.74¢
    If you look at the chart the stock did a gap from 0.20-0.22¢ to where it is now
    If you go back in time ....october 2007to december 2007 it has been the same gapping pattern from 0.15¢ to 0.50¢
    In January 2008 the stock went back to the starting point to close the gap
    If you own LME recover your cost and if you are a penny player ''short it''
     
  15. Rickydi

    Rickydi Member

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    Looking at the chart LME is a good short candidate

    upload_2021-4-29_14-50-3.png
     
  16. Rickydi

    Rickydi Member

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    LME is closing the gap
    Stock has to go back to 0.22-0.25¢ and the gap will be closed
     
  17. Rickydi

    Rickydi Member

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    Stock steady around 0.60-0.62
    LME has $$$ and still raising more
    A portfolio of 1 property
    Advance gold project
    10,000 Au oz available for sale when ever needed
    Mgmt owns 72 % of the paper
    Barchart rate the stock a strong buy
    0 - 100 Current Strength Maximum
    0 - 100 Current Direction Strongest
     
  18. Rickydi

    Rickydi Member

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    LAURION Announces Receipt of $3.71 Million from Exercise of Securities
    Canada NewsWire

    TORONTO, June 17, 2021

    TORONTO, June 17, 2021 /CNW/ - LAURION Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation") today announced that since April 2021, LAURION has received aggregate gross proceeds of $3.71 million from the exercise of warrants (including finder's warrants) and stock options. A portion of these proceeds are attributable to the exercise of securities by certain directors of the Corporation, full details of which are available on the System for Electronic Disclosure by Insiders (SEDI) at: www.sedi.ca.

    The Corporation intends to use the proceeds from these security exercises for exploration activities and general working capital purposes.
     

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