Laurion Mineral Exploration, a junior mining company listed on the TSXV, has reported significant findings of high-grade gold in grab and channel samples collected during the summer at its Ishkõday project in Ontario.
The channel samples from the project showed gold grades of up to 24.9 g/t across 0.65 meters, while grab samples displayed gold grades of up to 73.2 g/t. Laurion Mineral Exploration is primarily focused on the development of its gold-rich polymetallic Ishkõday project, located 220 km northeast of Thunder Bay, Ontario.
The stock of Laurion Mineral Exploration has shown an increase of 2.5% year-over-year and 156.25% since 2019. The company commenced its summer 2024 exploration program in mid-May, exploring various areas of interest including the Ziibi zone, Sturgeon River mine area, and Twin Falls property.
During the exploration program, Laurion discovered high-grade gold values in various zones, including the Ziibi Zone, the 85 Zone in the Sturgeon River mine area, and the Twin Falls property. The company’s president and CEO, Cynthia Le Sueur-Aquin, expressed satisfaction with the results obtained from the exploration program and emphasized the mineral potential of the Ishkõday project.
Laurion Mineral Exploration remains dedicated to realizing the full potential of its Ishkõday project. The company is owned mostly by insiders, with approximately 72% of outstanding shares held by them. As of the latest trading session, Laurion Mineral Exploration stock (TSXV:LME) was priced at C$0.41 per share.
Investors interested in discussing this junior mining stock can participate in conversations on the Laurion Mineral Exploration Inc. Bullboard and also explore Stockhouse’s stock forums. It is important to note that the information provided in this article is for informational purposes only and should not be considered as investment advice.
