TORONTO, Nov. 19, 2021 /CNW/ - LAURION Mineral
Exploration Inc. (TSXV: LME) (OTCPINK:
LMEFF) ("LAURION" or the "Corporation") is pleased
to announce the execution of a non-binding Memorandum of
Understanding ("MOU") to collaborate on mutually beneficial
initiatives regarding exploration and mining in the traditional
territories of the Animbiigoo Zaagi'igan Anishinaabek
("AZA"), Bingwi Neyaashi Anishinaabek ("BNA"),
Biinjitiwaabik Zaaging Anishinaabek ("BZA") First
Nations.
The MOU is the initial step in establishing a framework for
regular communication and setting the ground rules to mitigate
against environmental impacts due to exploration and mining. The
MOU formalizes the parties' shared commitment to respect
cultural and traditional activities on the traditional territory of
the AZA, BNA and BZA First Nations.
"We have a sincere desire to respect the traditional lands of
the AZA, BNA and BZA First Nations, and are
committed to moving forward with a principled and respectful
approach to Indigenous engagement and partnerships," stated
Cynthia Le Sueur-Aquin, CEO and
President of LAURION. "The MOU establishes a process of ongoing
engagement and consultation, fostering economic participation
opportunities to successfully advance exploration and potential
mining partnerships at the Ishkoday Project. This is
the start of what we hope will be a strong and mutually
beneficial relationship with the AZA, BNA and BZA
First Nations, as we work towards the shared goal of
unlocking the potential of the project."
Stated Kyla Morrisseau,
consulting coordinator for Animbiigoo Zaagi'igan Anishinaabek
First Nations, "Over the last decade, LAURION and AZA have built
a strong relationship, with focus to appreciation to mutual respect
that comes with the projects. The approach to how Laurion operates
in partnership with the First Nations, should be emulated across
the board in every project that enters our Territory; there is
always an achievable balance between mining activities, economic
opportunities and environmental protection and preservation.
Forging forward with meaningful inclusion and transparent
partnerships with the companies that we welcome into our territory
is very important and is one of AZA's top priorities for the
stabilization of future generations."
Stated Frank Hardy
("Tunny"), Lands & Resource Coordinator of Biinjitiwaabik
Zaaging Anishinaabek First Nations, "BZA has traditionally
hunted, fished, gathered berries, herbs and medicines throughout
our traditional territory. We are people of Mother Earth, and the
water and land are of huge importance to us. With many mining
and exploration companies starting or wanting to start projects
throughout, we recognize that we are all the stewards of the land,
and we believe it's our duty to try our hardest to protect what's
dear to us.
We are happy to be working with LAURION, whose readiness to
accommodate the First Nations traditional practices and harvesting
activities in our Traditional Territory, has culminated in the
signing of the MOU. The MOU is another step forward in working and
developing a great working relationship with the Company, and we
look forward to a long working relationship with LAURION."
About Animbiigoo Zaagi'igan Anishinaabek
Animbiigoo Zaagi'igan Anishinaabek (AZA) is a strong,
independent, and progressive First Nation, located in Northwestern Ontario. The membership is
approximately 500 people and growing. We have a greater number of
the people out on the land; working and living in the territory
sustaining cultural livelihoods to support their
families. There is an enormous number of trappers; commercial
fishermen; hunters; cultural harvesters and regular land users from
AZA. The community prides itself on their love and connection
to the land; water; animals; all of Mother Earth's resources. We
support every aspect of environmental protection over development,
in order for our community to thrive in a health and sustainable
way.
FOR FURTHER INFORMATION, CONTACT:
Animbiigoo
Zaagi'igan Anishinaabek
Kyla Morrisseau – Consultation Coordinator
Tel: 1-807-853-2497
Website: http://www.aza.ca
About BINGWI NEYAASHI ANISHINAABEK
BNA is a First Nation community located on the south-east shores
of Lake Nipigon, about 20km south of the Town of Beardmore along Hwy 11. BNA is a
progressive community that is quickly re-developing its reserve
lands after years of displacement due to government policies in the
middle of the 20th century. The First Nation is building
homes, community infrastructure, and is operating a Sawmill which
it employs First Nation members from the community and surrounding
region. BNA is actively working with its First Nation neighbours on
agreements with mining and exploration companies operating in the
territory.
FOR FURTHER INFORMATION, CONTACT:
Bingwi Neyaashi
Anishinaabek
Jordan Hatton – Director of Economic
Development
Tel: 1-807-472-9619
Fax: 1-807-623-2764
Website: http://www.bnafn.ca
About BIINJITIWAABIK ZAAGING ANISHINAABEK
Biinjitiwaabik Zaaging Anishinaabek, (formerly known as
Rocky Bay First Nation,) is located
on reserve 197, MacDiarmid,
Ontario, located approximately 2 hours North of Thunder Bay. The BZA First Nation has 840
registered members, of which 328 live on reserve. Economic
Development has been based around mining, forestry, fishing, and
hunting. BZA also owns the 'Spirit Bay Gas Bar' located along
HWY 11.
Biinjitiwaabik Zaaging Anishinaabek
Frank Hardy (Tunny)
Lands & Resource Coordinator
Tel: 1-807-628-9604
Website: http://www.rockybay.ca
About LAURION
The Corporation is a junior mineral exploration and development
company listed on the TSXV under the symbol LME and on the OTCPINK
under the symbol LMEFF. LAURION now has 242,565,253 outstanding
shares of which approximately 81% 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-silver and gold-rich polymetallic
mineralization with a significant upside potential. The
mineralization on Ishkoday is open at depth beyond the current
core-drilling limit of -200 m from
surface, based on the historical mining to a -685 m depth, in the past producing Sturgeon
River Mine. The Brenbar Property, which was acquired in 2020 and is
contiguous with the Ishkoday Property, hosts the historic Brenbar
Mine. LAURION believes the mineralization to be a direct extension
of mineralization from the Ishkoday Property.
FOR FURTHER INFORMATION, CONTACT:
LAURION Mineral
Exploration Inc.
Cynthia Le Sueur-Aquin – President
and CEO
Tel: 1-705-788-9186
Fax: 1-705-805-9256
Website: http://www.laurion.ca
Caution Regarding Forward-Looking Information
This press release contains forward-looking statements, which
reflect the Corporation's current expectations regarding future
events, including with respect to LAURION's business, operations
and condition, and management's objectives, strategies, beliefs and
intentions, and statements relating to the MOU and the expected
outcomes and developments that may arise. The forward-looking
statements involve risks and uncertainties. Actual events and
future results, performance or achievements expressed or implied by
such forward-looking statements could differ materially from those
projected herein including as a result of a change in the trading
price of the common shares of LAURION, the interpretation and
actual results of current 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 operate as
anticipated, the failure of contracted parties to perform, labor
disputes and other risks of the mining industry, delays in
obtaining governmental approvals or financing or in the completion
of exploration, failure to maintain community acceptance (including
First Nations), as well as those factors disclosed in the
Corporation's publicly filed documents. Investors should consult
the Corporation's ongoing quarterly and annual filings, as well as
any other additional documentation comprising the Corporation's
public disclosure record, for additional information on risks and
uncertainties relating to these forward-looking statements. The
reader is cautioned not to rely on these forward-looking
statements. Subject to applicable law, the Corporation disclaims
any obligation to update these forward-looking statements.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
SOURCE Laurion Mineral Exploration Inc.