LAURION reaffirms its strategy for a model of continuous growth, signaling that the company is stronger and more resilient than ever

LAURION’s top priority remains maximizing shareholder value by continuing to advance its Ishkoday project, while continuing to explore potential strategic alternatives and transactional opportunities.
LAURION’s current solid financial position, with a cash position of approximately $9.45 millioncoupled with sound success in advancing the Ishkoday project over the past few yearsleaves the company well positioned to enhance long-term shareholder value through continued growth through its Ishkoday Au-Zn-Cu-Ag deposit.
LAURION’s objective for the Ishkoday project is to initiate development and production, as well as continue exploration of the project, implementing a phased and strategic approach. to monetize the material available through the recovery of the gold contained in the inventories and/or the existing well.
LAURION aims to advance the Ishkoday project with the support of strategic alliances with certain third parties and industry experts. LAURION believes that these alliances should help the company pursue its exploration and operational milestones that LAURION believes may make LAURION a more attractive target or partner for a potential merger, acquisition, major financing or other capital markets event.
The main exploration milestones reached in 2022 are not only validated the 6 km x 2.5 km mineralized corridoror and extended Zone A to the McLeod Zone by 400m at 1.4 km, but also significantly broadened the mineralized trends, confirming that the the stacked vein system remains open at depth and along strike.

TORONTO, October 11, 2022 /CNW/ – LAURION Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) (“LAURION” or the “Company”), would like to reassure investors that he is well positioned to move the Ishkoday project forward and capitalize on any potential strategic opportunities that may arise in the future, all of his projects remain on track and LAURION is stronger and more resilient than ever.

In management’s view, LAURION’s recent appointment of its new Chief Financial Officer, Tyler Dilney, will strongly complement the Company’s strategic objectives. In particular, Tyler’s extensive experience in accounting, financial reporting and capital markets, particularly as they relate to public companies in the mining industry, should greatly benefit LAURION. More generally, management believes that Tyler’s strong track record will help us achieve our immediate and long-term goals as we enter a critical juncture in LAURION’s outlook.

As previously announced in a press release dated September 27, 2022LAURION is currently in talks with DRA Americas Inc. (“DRA“) for consulting and engineering services to develop the storage and shaft project at Ishkoday, with the aim of monetizing the material available through the recovery of gold contained in the stockpiles and / or the existing shaft.

Along with the continued progress of the Ishkoday project, LAURION aims to continue intensifying its exploration programs with the assistance of Ronacher McKenzie Geosciences Inc. (RMG), which provides LAURION with extensive geological expertise and innovative techniques. LAURION’s 2022 drilling and mapping programs demonstrated that the stacked vein system remains open at depth and to the southwest, suggesting that the mineral exploration potential of the Ishkoday Au-Zn-Cu-Ag deposit may increase. considerably in the future.

About LAURION Mineral Exploration Inc.

The Company is a junior mining exploration and development company listed on the TSX Venture Exchange under the symbol LME and on OTCPINK under the symbol LMEFF. LAURION now has 255,969,855 shares outstanding of which approximately 80% are owned and controlled by Insiders who are eligible investors in the “Friends and Family” categories.

LAURION focuses on the development of its flagship project, the 47 km mid-stage that is 100% owned² Ishkoday Project, and its gold-silver and gold-rich polymetallic mineralization with significant upside potential.

Since 2003, Laurion has: carried out several exploration surveys on the property, including prospecting, mapping, geochemistry (point, channel and soil sampling), ground and airborne geophysics (Mag, IP, VLF- EM), 3D modeling, airborne (LiDAR) and borehole surveys; invited experts in geophysics and economic and structural geology to visit and examine the property; and undertook a doctoral dissertation and research directed by Laurentian University and metallic earth. To date, 419 boreholes for a total of 78,663m were drilled on the property, including 43,396m directed by Laurion from 2010 to 2014 and from 2020 to 2022 and 35,267m historical boreholes. Most of the drill holes are close together and concentrated in the A Zone and the McLeod Zone, with the exception of a few widely spaced drill holes located along the Ishkoday mineralized trend.

Website: http://www.LAURION.ca
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Caution Regarding Forward-Looking Information

This press release contains forward-looking statements that reflect the Company’s current expectations regarding future events, including with respect to the business, operations and condition of LAURION, the company’s objectives, strategies, beliefs and intentions. management, the Company’s ability to advance the Ishkoday Project, any potential acquisitions, mergers, financings or other transactions referenced herein and any potential future arrangements and engagements with DRA, its affiliates and/or other third parties. Forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by these forward-looking statements could differ materially from those projected herein, including due to a change in the market price of LAURION common stock, the interpretation and actual results of exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to perform as intended, failure of contracting parties to perform, labor disputes and other mining industry risks, delays in obtaining governmental or funding approvals or in the completion of exploration, as well as factors disclosed in documents publicly filed by the Company. Investors should consult the Company’s current quarterly and annual filings, as well as any additional documentation including the Company’s public disclosure filing, for additional information about the risks and uncertainties associated with these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable laws, the Company disclaims any obligation to update these forward-looking statements.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE RELEVANCE OR ACCURACY OF THE CONTENT HEREIN. COMMUNICATED.

SOURCE Laurion Mineral Exploration Inc.