TORONTO, July 28,
2022 /CNW/ - LAURION Mineral Exploration Inc.
(TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the
"Corporation"), a mid-stage junior exploration and
development company focused primarily on its wholly-owned Ishkoday
Project, wishes to announce that its Annual and Special Meeting of
shareholders (the "Meeting") will be held on Wednesday, September 28, 2022 at 12:00 p.m. (Eastern time), in a virtual only
format. LAURION will host a corporate update immediately after the
Meeting, commencing at approximately 12:30 pm, to discuss the
Corporation's business strategy and objectives.
The timing of the Meeting was determined in consideration of the
timing and execution of LAURION's current summer exploration
program.
General Corporate Update
The Corporation recently completed a drill program and are
awaiting assay results for 21 drill holes, which were designed to
test the potential of the undrilled continuity of mineralization,
between the southwestern portion of the A-Zone and towards the
McLeod Zone. Both the A-Zone and McLeod Zones are located along the
6 km long Au-Zn-Cu-Ag mineralized trend. LAURION is also completing
hand stripping and channel sampling, as well as detailed alteration
and structural mapping program, west of the A-Zone and McLeod
Zones. This is expected to significantly enhance the 3D model and
future drill targeting, to assist with confirmation of the
continuity of the mineralized strike length.
Meeting Materials
To further its commitment to environmental sustainability and to
reduce its printing and mailing costs, LAURION uses the Notice and
Access process for the delivery of meeting materials. Under Notice
and Access, instead of receiving printed copies of the meeting
materials, shareholders receive a Notice and Access Notification
containing details of the Meeting date and purpose, how to access
the live webcast, and information on how to access the meeting
materials electronically. Registered shareholders and duly
appointed proxyholders can attend the Meeting online using the TSX
Trust Virtual Meeting Platform. The timing and process for voting
at the Meeting, as well as login instructions, will be described in
detail in the Corporation's notice of meeting and management
information circular, which will both be made accessible to
shareholders at a later date through Notice and Access and
SEDAR at www.sedar.com. The record date for the Meeting is
August 19, 2022.
Qualified Person
The technical contents of this release were reviewed and
approved by Jean-Philippe Paiement,
PGeo, MSc, a consultant to LAURION, and a qualified person as
defined by National Instrument 43-101 – Standards of Disclosure for
Mineral Projects.
About LAURION Mineral
Exploration Inc.
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 254,052,613 outstanding
shares of which approximately 82% 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.
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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, management's objectives, strategies, beliefs and
intentions. 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, 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.