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laurion mineral exploration (LME) Details

Laurion Mineral Exploration Inc., a junior mining company, engages in the exploration and development of gold and base metal properties in the United States and Canada. It primarily owns 100% interest in the Ishkoday property that covers a total area of 2,499 hectares located in the town of Beardmore, Ontario. The company was formerly known as Laurion Gold Inc. and changed its name to Laurion Mineral Exploration Inc. in October 2006. Laurion Mineral Exploration Inc. was incorporated in 1945 and is based in Toronto, Canada.

2 Employees
Last Reported Date: 11/21/14
Founded in 1945

laurion mineral exploration (LME) Top Compensated Officers

Chief Executive Officer, President, Executive...
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Chief Financial Officer, Director and Co-Chai...
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Compensation as of Fiscal Year 2013.

laurion mineral exploration (LME) Key Developments

Laurion Mineral Exploration Inc. Announces Letter Of Intent with Boss Power Corporation to Acquire the Bell Mountain Project

Laurion Mineral Exploration Inc. announced that it had entered into a non-binding Letter of Intent with Boss Power Corp. dated February 20, 2015, to acquire legal and beneficial right, title and interest in the Bell Mountain Project located in Churchill County, Nevada for $650,000. On signing of the LOI, Boss Power paid a non-refundable deposit of $200,000 to Laurion as partial payment of the purchase price. The LOI proposes that Laurion and Boss Power will complete a definitive agreement (the 'definitive agreement') incorporating the principle terms of the sale and the assumption all of the obligations (including remaining exploration expenditures under the exploration and option agreement with Globex Mining Enterprises Inc. and Globex Nevada Inc.), interests and rights by Boss Power of Laurion and its subsidiary to the Bell Mountain property. The definitive agreement will also contemplate receipt of consent from Globex to the assignment of rights and obligations to Boss Power under the exploration and option agreement governing Bell Mountain Project. Closing of the definitive agreement will be subject to certain closing conditions amongst which will be the approval and authorization from the TSX Venture Exchange, a written agreement between Boss Power and Lincoln Mining Corporation for the transfer of any information respecting the Bell Mountain Project by Lincoln and consent from Globex in connection with the assignment of certain rights under the exploration and option agreement.

Laurion Mineral Exploration Inc. Announces Results of an Independent, Expert Geological and Structural Evaluation of the Ishkoday Property

Laurion Mineral Exploration Inc. announced the results of an independent, expert geological and structural evaluation of the Ishkoday Property. The Ishkoday Property is located 220 kilometres northeast of Thunder Bay and 28 kilometres north east of the Town of Beardmore, Ontario. The base and precious mineralized zones represent a pre- to syn-D1 deformation vein system. The base and precious metal enrichment of altered wall rocks within 10s of metres from the mineralized zones suggest that (these) zones are the product of a proximal hydrothermal system, and one main mineralization event. The base and precious metal veins may be a product of a transitional, low sulfidation epithermal to VMS system that developed within a subvolcanic intrusion environment. The extensive development of the mineralized zones (within a 1km x 3km area), suggests that the veins are a product of a large, magmatic hydrothermal system and may have greater tonnage potential than recognized by previous workers. The mineralized zones occur predominantly within a massive, coherent, feldspar porphyritic volcanic unit with a restricted andesite/dacite composition and a calc-alkaline affinity. The characteristics of the massive feldspar porphyritic host rock are most consistent with a high level, subvolcanic intrusion(s). Dr. Gibson's interpretation that the Ishkoday property occupies an area proximal to a volcanic and hydrothermal center confirms Laurion's confidence in the prospectivity of the project.

Laurion Mineral Exploration Inc. Elects Directors

Annual and special meeting of Laurion Mineral Exploration Inc. held on June 6, 2014. At the Meeting, the shareholders elected Michael Bourassa, David Burkes, Terrence Byberg, Gerard Lanthier, Cynthia Le Sueur-Aquin, Neil Westoll, Douglas Bolton and Joseph Campbell as directors of the Corporation.


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