Laurion Mineral Exploration Inc. today announced that it has closed its previously-announced non-brokered private placement consisting of an aggregate of 1,556,321 units and 795,453 non flow-through units ) at a subscription price of $0.23 per FT Unit and a subscription price of $0.22 per Non-FT Unit, for aggregate gross proceeds to the Corporation of $350,000. Each FT Unit consists of one common share of the Corporation [...]
Three channel sample lines show continuity of high-grade mineralization for >29 m along strike High grade intersections include: 4.25 m grading 5.98 g/t gold, 9.93 g/t silver, 2.84% zinc Including 0.99 m grading 24.4 g/t gold, 22.3 g/t silver, 2.37% zinc 1.51 m grading 2.58 g/t gold, 21.2 g/t silver, 7.18% zinc Laurion Mineral Exploration Inc. is pleased to report surficial channel sampling assays of the Joe vein, located [...]
Laurion Mineral Exploration Inc. today announced that it is proposing to complete a flow-through and non flow-through private placement on a non-brokered basis . Under the flow-through portion of the Private Placement, the Corporation intends to raise up to approximately $175,000 in gross proceeds by issuing up to approximately 760,868 flow-through units . Under the non flow-through portion of the Private Placement, the [...]
Laurion Mineral Exploration Inc. and is pleased to announce the commencement of the second phase of 2020 drilling at the Ishkoday Project, located near the town of Beardmore, Ontario. This 2,500 m drill program will test mineralization both along and across strike at the CRK Zone. The CRK Zone lies along the Loki trend corridor and is located between the A-Zone and the past-producing Sturgeon Mine . Trenching in 2019 [...]
Laurion Mineral Exploration Inc. is pleased to announce the voting results of the Annual and Special Meeting of Shareholders of the Corporation that was held on Sept 17, 2020. Election of Directors Each of the nominees for election as directors listed in the Corporation's management information circular dated August 7, 2020 were elected as directors of the Corporation for the ensuing year or until their successors are [...]
Laurion Mineral Exploration Inc. today announced that it has closed its previously-announced non-brokered private placement consisting of an aggregate of 5,950,783 flow-through shares at a subscription price of $0.185 per FT Share for aggregate gross proceeds to the Corporation of approximately $1,100,900. As announced on August 11, 2020, the Corporation agreed to significantly upsize the Private Placement as a result of [...]
Laurion Mineral Exploration Inc. is pleased to announce that, due to strong investor demand, it has increased the maximum size of its previously-announced non-brokered private placement to 5,950,783 flow-through shares for gross proceeds to the Corporation of up to approximately $1,100,900. The gross proceeds will be used for "Canadian exploration expenses" , which will qualify, once renounced, as "flow-through mining [...]
Laurion Mineral Exploration Inc. today announced that it is proposing to complete a flow-through private placement on a non-brokered basis . The Corporation intends to raise up to approximately $500,000 in gross proceeds by issuing up to approximately 2,702,703 flow-through shares at a price of $0.185 per FT Share. Each FT Share will be a common share of the Corporation issued as a "flow-through share" of the Income Tax [...]
Laurion Mineral Exploration Inc. is pleased to provide final assay results from the remaining seven holes of the phase 1 drill program at its 100% owned Ishkoday Project and contiguous Brenbar earn-in option Project . Drill Assay Highlights: LBX20-015: 19.5 g/t silver over 1.50 m; LBX20-016: 4.65 g/t gold, 11.6 g/t silver, 1.97% zinc over 0.60 m; LBX20-017: 34.7 g/t silver over 1.50 m; LBX20-018: 6.81 g/t gold, 9.3 g/t [...]
Laurion Mineral Exploration Inc. is pleased to provide an update on the diamond drill campaign at the A-Zone area of the Ishkoday Project, located near the town of Beardmore, 220 km northeast of Thunder Bay, Ontario, with local and project-scale considerations. Mineralized shear corridor at Ishkoday Project increased to 6 km by 1.5 km from A-Zone to Brenbar area ; The Brenbar area hosts wide shear zones and veins with [...]
Laurion Mineral Exploration Inc. is pleased to provide a further progress report on its drilling and exploration program at its 100% owned Ishkoday Project and contiguous Brenbar earn-in option Project , located 220 km northeast of Thunder Bay, Ontario, near the town of Beardmore. To date, 20 drill holes totalling 4,750 m have been completed with assay results for 14 holes pending. The two drill holes reported in this [...]
Laurion Mineral Exploration Inc. is pleased to provide a progress report on exploration at its 100% owned Ishkoday Project and contiguous Brenbar earn-in option Project , located 220 km northeast of Thunder Bay, Ontario, near the town of Beardmore. The first stage 2020 drill campaign has now completed 15 holes for a combined 3,600 m of drilling. Assay results for 11 holes remain outstanding. The drill has now moved 800 m [...]