| Laurion Announces Filing of the 2010 Financial Statements and MD&A | | | | | | Published : May 03, 2011
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TORONTO, ONTARIO--(Marketwire - May 3, 2011) - Laurion Mineral Exploration Inc. (News - Market indicators)(OTCQX:LMEFF) ("Laurion") has filed the 2010 Consolidated Financial Statements and Management Discussion and Analysis. The full reports are available for download on the company website, www.laurion.ca, and on SEDAR.
2010 Financial Highlights: |
- Basic and diluted earnings per share of $0.041 (up from a basic and diluted loss per share of $0.01 in 2009).
- Total Assets of $7,079,252 at December 31st, 2010 (up from Total Assets of $3,409,951 as at December 31st, 2009).
- Cash and Cash Equivalents2 of $2,790,194 as at December 31st, 2010 (up from Cash and Cash Equivalents of $162,423 as at December 31st, 2009).
- Sold 31.5% interest in the North Tisdale and Davidson-Tisdale Claims to San Gold Corporation resulting in a gain on sale of property of $4,354,414.
2010 Operational Highlights: |
- Acquisition of a 100% interest in Bell Mountain property, located in Churchill County, Nevada, from Globex Mining Enterprises.
- Staking of 119 additional contiguous claims to Bell Mountain property to encompass the 1.8 km strike length of the mineralized Spurr-Varga.
- Drilling of 56 holes for a total of 14,240 feet at Bell Mountain property to generate a NI43-101 Compliant Resource on April 6, 2011, resulting in a 198% increase of Measured and Indicated.
- Drilling of 6 holes below the historical workings of Sturgeon River Mine, confirming continuity of the high grade quartz vein system at depth, and the discovery of 7 new gold shear zones.
- Discovery of three new gold and base metal targets on Sturgeon River property – Tala, Asha, and Ahki Zones.
- Drilling of 5 holes on Sturgeon River Marge Zone, intersecting high grade gold intercepts including 20.20 g/t over 0.36 metres and the discovery of two shear gold zones.
- Drilling of 2 holes on Sturgeon River Tehya Zone, intersecting mineralized zones, including 0.94% copper, 3.91% zinc, 27.80 g/t silver, 0.45 g/t gold over 4.08 metres.
- Acquisition of 13 contiguous mining claims (2,900 Hectares) to the North of the Sturgeon River property for consideration of $68,000 in shares.
About Laurion Minerals Exploration Inc.
The Corporation's focus is to make the transition from explorer to near-term producer and envisages the realization of shareholder value and wealth through monetization of its discoveries and assets. Laurion's exploration horizons are focused primarily on gold with a secondary interest in base metals and PGEs with key interests in prospective mining properties located in Ontario, Canada and Nevada, USA.
(1) |
Includes a $0.06 per share one-time gain on property sale |
(2) |
Short-term investment of shares in San Gold Corporation having a market value of $2,497,130 at December 31st, 2011 |
This news release includes certain forward-looking statements concerning the future performance of Laurion's business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Such statements include, but are not limited to, statements concerning the approval of Laurion's application to trade its common shares over the facilities of the OTCQX and the commencement of such trading. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and Laurion cautions against placing undue reliance thereon. Laurion and its management assume no obligation to revise or update these forward looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Laurion Mineral Exploration Inc. Cynthia Le Sueur-Aquin President 1-888-212-4070 or 1-705-788-9186 1-705-788-9187 (FAX) or Laurion Mineral Exploration Inc. Karen Doxsee Vice President, Corporate Communications 1-888-212-4070 or 1-705-788-9186 1-705-788-9187 (FAX) www.laurion.ca
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Données et statistiques pour les pays mentionnés : Canada | Tous Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous
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Laurion Mineral Exploration Inc.
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EXPLORATEUR |
CODE : LME.V |
ISIN : CA5193221010 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Laurion Mineral Expl. est une société d’exploration minière d'or basée au Canada. Laurion Mineral Expl. détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont STURGEON RIVER MINE, GERMAN PROPERTY, BELL MOUNTAIN, DAVIDSON-TISDALE, DAVIDSON TISDALE / LAURION CLAIMS, EAST CLAVOS et HEMLO-MONTCLERG / NORTHCOTT au Canada. Laurion Mineral Expl. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 42,2 millions CA$ (30,9 millions US$, 28,9 millions €). La valeur de son action a atteint son plus bas niveau récent le 01 janvier 2016 à 0,01 CA$, et son plus haut niveau récent le 17 juin 2022 à 1,15 CA$. Laurion Mineral Expl. possède 108 230 000 actions en circulation. |
Financements de Laurion Mineral Exploration Inc. |
Nominations de Laurion Mineral Exploration Inc. |
Rapports Financiers de Laurion Mineral Exploration Inc. |
Projets de Laurion Mineral Exploration Inc. |
Communiqués de Presse de Laurion Mineral Exploration Inc. |
05/08/2015 | Laurion Announces Voting Results of its Annual and Special M... |
30/06/2015 | IIROC Trading Resumption - LME |
29/06/2015 | IIROC Trading Halt - LME |
23/06/2015 | Laurion Announces Execution of Letter of Intent to Acquire t... |
25/02/2015 | Laurion Announces Letter Of Intent with Boss Power Corporati... |
07/01/2015 | Laurion Issues Stock Options to its Directors |
31/12/2014 | Laurion Issues Stock Options to its Directors |
09/09/2014 | Laurion Announces Amended Payment Terms to Purchase Agreemen... |
03/09/2014 | Laurion Confidence Endorsed by Independent Expertise: Ishkod... |
10/06/2014 | Laurion Announces Results of Annual and Special Meeting of S... |
27/05/2014 | Laurion Provides Corporate Update on Asset Monetization, Exp... |
14/05/2014 | Laurion Ishkoday Discovery Property Intersects a 35 to 45m W... |
07/08/2013 | Chip Samples from Bjorkman Zone on Laurion's Midlothian Prop... |
23/07/2013 | Midlothian Property Grab Samples Assay 12,700 g/t (370 oz/to... |
10/06/2013 | Announces Results of Annual and Special Meeting of Sharehold... |
22/04/2013 | adopts advance notice by-law amendment |
22/04/2013 | adopts advance notice by-law amendment |
26/03/2013 | First Nations Community Renames Laurion's Sturgeon River to ... |
18/10/2012 | Intersects 12.84m of 3.31 g/t Au, 18.1 g/t Ag and 3.72% Zn I... |
18/09/2012 | intersects 8.5m of 1.82 g/t gold, 2.5 g/t silver and 1.65% z... |
13/09/2012 | (Bell Mountain)Capitalizes on Bell Mountain; proceeds to be used to develop... |
14/05/2012 | Mid-Day Breaking News from Laurion, Lomiko, Zenyatta, and Ne... |
07/05/2012 | Midday Breaking News From Laurion, Celeste, and Medipattern |
17/04/2012 | =?iso-8859-1?Q?Mid-Day_Breaking_News_El_Ni=F1o,_Laurion,_Blu... |
15/03/2012 | Mid-Day Breaking News From Seafield, Zenyatta, Laurion, and ... |
02/03/2012 | Multi-Faceted Potential: Laurion Mineral Exploration Underva... |
31/01/2012 | Mid-Day Breaking News From Laurion Mineral, Mesa Exploration... |
26/01/2012 | Laurion Reports Silver/Gold Intercepts from First 3 Holes As... |
12/12/2011 | Mid-Day Breaking News From True North Gems, BonTerra, and La... |
11/10/2011 | Mid-Day Breaking News From Foundation, Canada Rare Earths, L... |
06/07/2011 | Commences Drill Program on High Priority Targets on the Asha... |
01/06/2011 | NEW WEBSITE |
26/05/2011 | Intersects 3.10 g/t Au, 27.5 g/t Ag, 0.38% Cu and 5.63% Zn O... |
06/04/2011 | Reports Initial NI43-101 Mineral Resource Estimate of 9,761,... |
17/03/2011 | Laurion Engages an Independent Consultant for Corporate Comm... |
17/03/2011 | Engages an Independent Consultant for Corporate Communicatio... |
22/02/2011 | Laurion Intersects Multiple Gold Zones: Assay Report of 8.20... |
14/02/2011 | Featured by CEO Clips Airing on BNN |
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