Laurion Mineral Exploration Inc. today announced that it is proposing to complete a new flow-through private placement on a non-brokered basis as a result of strong investor demand for the Corporation's previous private placement, which closed on December 8, 2021 on substantially similar terms for aggregate gross proceeds of approximately $2 million. Pursuant to the Private Placement, the Corporation intends to raise up [...]
Laurion Mineral Exploration Inc. is pleased to announce that it has closed its previously-announced non-brokered private placement consisting of flow-through units. Pursuant to the Private Placement, the Corporation issued 2,664,936 FT Units at a subscription price of $0.75 per FT Unit, for aggregate gross proceeds to the Corporation of approximately $2 million. Each FT Unit consists of one common share of the Corporation [...]
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 $2.0 million in aggregate gross proceeds by issuing up to approximately 2,666,667 flow-through units. Pursuant to the Private Placement, the FT Units will be issued at a price of $0.75 per FT Unit. Each FT Unit will consist of one [...]
Laurion Mineral Exploration Inc. today announced that it has entered into an agreement with Canadian Gold Miner Corp. and Canada Nickel Company Inc. whereby LAURION and CGM have agreed to grant Canada Nickel an option to acquire a 100% undivided interest in and to the Midlothian Property. LAURION and CGM entered into a joint venture agreement on July 25, 2019 for the purposes of extending the parties' prior arrangements [...]
Laurion Mineral Exploration Inc. is pleased to announce the execution of a non-binding Memorandum of Understanding to collaborate on mutually beneficial initiatives regarding exploration and mining in the traditional territories of the Animbiigoo Zaagi'igan Anishinaabek, Bingwi Neyaashi Anishinaabek, Biinjitiwaabik Zaaging Anishinaabek First Nations. The MOU is the initial step in establishing a framework for regular [...]
Laurion Mineral Exploration Inc. is pleased to announce the final analytical results for the 2021 diamond drilling program on the Ishkoday Property, located 220 km northeast of Thunder Bay. The 2021 drill campaign focused on testing the strike continuity between the A-Zone and McLeod mineralized areas. Highlights of current drill hole results include: 0.80 g/t Au, 5.12 g/t Ag, 1.07% Zn over 14.40m on hole LBX21-054 [...]
Laurion Mineral Exploration Inc. is very pleased to announce that it has retained Ronacher McKenzie Geosciences Inc. of Sudbury, ON to work with LAURION in the design, execution, and geological management of exploration work on its Ishkoday Project, located 220 km northeast of Thunder Bay. The projects will be supervised by Claire Somers, P.Geo. Stated Cynthia Le Sueur-Aquin, CEO and President: "LAURION has been most [...]
Laurion Mineral Exploration Inc. is pleased to announce new drill hole assay results of the ongoing 2021 drilling program focussing on the strike continuity between the A-Zone and McLeod mineralized areas on the Ishkoday Property, located 220 km northeast of Thunder Bay. Highlights of current drill hole results include: 0.77 g/t Au, 4.31 g/t Ag, 0.83% Zn over 20m on hole LBX21-045 between 145 and 165m. 0.71 g/t Au, 13.29 [...]
Laurion Mineral Exploration Inc. is pleased to announce the results of the 2021 channel sampling program on A-Zone and the McLeod areas on the Ishkoday Property, located 220 km northeast of Thunder Bay. Highlights: Stripping of the northeast portion of the A-Zone, exposed surface mineralization that correlates with a high-grade historic diamond drill hole intercept. Stripping on the A-Zone revealed a series of [...]
Laurion Mineral Exploration announces that it has granted to each of John Covello and Nick Ierfino incentive stock options to acquire 18,106 common shares of the Corporation, exercisable on or before August 19, 2026 at an exercise price of $0.55 per share, subject to vesting requirements. These Options are part of a discretionary performance bonus awarded to Mr. Covello and Mr. Ierfino in recognition of their significant [...]
Laurion Mineral Exploration Inc. is pleased to announce that LAURION has received notice that the Implementation Order Covering Restricted Fire Zones were lifted, for the area covering the east and north of Lake Nipigon. Drilling will resume and the LAURION exploration team will complete the balance of its planned 2021 10,000m drill program. The Ishkoday Property is located 28 km north-east of the town of Beardmore and [...]
Laurion Mineral Exploration is pleased to announce the following update on its exploration program of 2021at the Ishkoday Property: Highlights: Trenching and stripping exposed 4 new mineralized areas of interest: The A Zone, the Niish and Garvey Zone and a new zone, the Pond, located near the McLeod prospect. New mineralized lenses of semi-massive sulfides were stripped on the A-Zone. Further assays are pending. A new [...]