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Laurion Mineral Exploration Filed Year End 2022 Documents With Sedar

Apr 30, 2023

Laurion Mineral Exploration Inc has filed its audited annual consolidated financial statements and management's discussion and analysis on SEDAR for the year ended December 31, 2022.

The System for Electronic Document Analysis and Retrieval (SEDAR) provides access to most public securities documents and information filed by issuers with the thirteen provincial and territorial securities regulatory authorities ("Canadian Securities Administrators" or "CSA") in the SEDAR filing system. The statutory objective in making public this filed information is to enhance investor awareness of the business and affairs of issuers and to promote confidence in the transparent operation of capital markets in Canada. Achieving this objective relies heavily on the provision of accurate information on market participants. 

The investors or the public may access information about a companies mining activities and financial status through www.sedar.com

"With a strong balance sheet and  continued exploration success in 2022, we are looking forward to another exciting year of exploration and completion of additional surface work and drilling in 2023,” said Cynthia Le Sueur -Aquin, President & CEO of Laurion.

Laurion Mineral Exploration Inc. is a junior mineral exploration and development company. Laurion now has 256,909,855 outstanding shares of which approximately 80% 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.
The Ishkoday Project is host to the historical Sturgeon River mine, which operated between 1936 and 1942, producing 73,322 ounces of gold and 15,929 ounces of silver from the milling of approximately 145,123 tonnes of ore grading 17 g/t gold. Gold was found in quartz veins, in pyrite and between pyrite and gangue minerals, but also in fractures and pyrite-chlorite-sericite altered wall rocks. The Sturgeon River mine is open beyond the current diamond drill limit of minus 200 metres (from surface); historical mining took place to a depth of minus 685 metres (source: Mackasey, 1975). 

The adjacent Brenbar Property, acquired by the Company in 2020, is contiguous with the Ishkoday (to the west) and hosts the historical Brenbar mine; historical production at this location is unknown. Available information suggests that gold mineralization documented at the Brenbar is on strike of and possibly contiguous with that documented historical the Sturgeon River mine.

As a consequence of Laurion's success and advancement over the past several years is that the company has become an acquisition target for major gold mining companies.  The company is aware that acquisition offers may arise in the short or medium terms. If this occurs, Laurion says it will promptly issue a press release if any material change occurs. 

 For further information:
Cynthia Le Sueur-Aquin – 
President and CEO, Tel: 1-705-788-9186, Fax: 1-705-805-9256
Website: http://www.LAURION.ca


Image Laurion Ishkoday Map 1

Tags: Northern Ontario / Exploration / Gold / All Articles