Laurion Announces Strategic Cooperation Agreement with Scr Mining and Tunnelling ON the Ishkoday Project Development
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LAURION ANNOUNCES STRATEGIC COOPERATION AGREEMENT WITH SCR MINING AND
TUNNELLING ON THE ISHKODAY PROJECT DEVELOPMENT
TORONTO, ONTARIO - (March 2, 2017) - Laurio n Mineral Exploration Inc. (TSX.V: LME and
OTCPINK: LMEFF) ("Laurion" or the "Corporation") and SCR Mining and Tunnelling (“SCR”)
announced today that they have agreed to ente r into a preliminary and non-binding strategic
cooperative agreement. The objective is to create a collaborative innovative business model for
the development of several profitable small scale gold opportunities, with the goal of advancing
these toward production in the near term. These small scale gold opportunities are proximal to
the historical high-grade Sturgeon River Mine.
Laurion recognizes the need to leverage its busine ss within the mineral resource sector with an
innovative business mindset. This will uniquely position Laurion to maximize financial investment
opportunities and returns, making the project more attractive. Laurion is al so able to retain the
dynamism and flexibility of a focused explorat ion company on the rapid development of its
substantial polymetallic project.
Both SCR and Laurion recognize that innovation is imperative for driving the productivity and
growth structural element for the mining and exploration industry. Collaborating over key
strategic decisions and sharing responsibilities will greatly enhance performance and create
cost effective outcomes. Both parties mutually share the vision to provide specialized training
and to create employment and business opportunit ies to all our stakeholders within First Nations
communities. Diversity of thinking will be essential to creating the innovations needed not only to
deliver the next wave of growth and productivity on the Ishkoday Property, but also to build a
sustainable mining and exploration business model over the long term to deliver bottom-line
value.
President and CEO of Laurion Cynthia Le Sueur – Aquin stated : “We are most pleased with our
arrangement with SCR and the future prospect s for the Ishkoday. We see SCR Mining and
Tunnelling as our preferred mining contractor. To meet the challenges of the mineral resource
sector and the opportunities of the cyclical markets and economic conditions, we need to
reconfigure our business approach. The bottom line is that you have to find the optimal solutions
to de-risk and fast track exploration and development so as to be as efficient and cost-effective
as possible.”
ABOUT SCR MINING AND TUNNELLING
Co-Founded by Claude and Richar d Seguin in 1994, their private mining contracting enterprise
quickly gained a reputation for excellence, in genuity and efficiency. SCR has diversified in
different operations, sectors and investments. Over the last 20 years, SCR Mining and Tunnelling
has completed many projects, offering guidance to a wide variety of clients in Canada and the
U.S.
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From Project Planning to Mine Closure and Financing, their diversified workforce brings
unparalleled knowledge to the table for any project that is undertaken. The right people with
the right experience means that they are unique ly qualified to also manage the whole process
of mine development and construction. This pe rmits SCR to offer cost saving and scheduled
“Turn-Key” solutions to establish emerging mining companies.
SCR is one of the few multi-disciplined private mi ning contractors that can offer every aspect of
mine building from cradle to grave. SCR Mini ng and Tunnelling value long term and lasting
relationships with its clients and Laurion Mineral Exploration is one of them.
ABOUT LAURION
Laurion’s forte is an exploration discovery co mpany, whose primary focus on the development
of its gold-rich polymetallic resource on its Is hkoday property. The Corporation’s main project
mandate is to complete the relevant economic st udies, initially working towards the processing
the surface rock stockpile; and, to explore and develop the large near surface polymetallic
sulphide trends which extend over a 1kmx3km area (collective total strike length of 9,000m), with
the aim of demonstrating the existence of a significant Volcanic Massive Sulphide (“VMS”)
deposit, developing tonnage and demonstrating continuity through the execution of multiple
phases of diamond drill programs.
The surface stockpile of consists of 144,070 tonnes grading 1.59 g/t gold for 7,383 contained
ounces of gold in the indicated mineral resource category; and, 137,501 tonnes grading 0.67 g/t
gold for 2,944 contained ounces of gold in the indicated mineral resource category. The totals
for both the tailings area the rock stockpile are 281,571 tonnes grading 1.14 g/t gold for 10,327
contained ounces of gold. (NI 43-101 Measured and Indicated Resource Report - See press
release April 23, 2013).
The Corporation’s strength has been recognized in the continuous achievement of its mission
statement of “monetization of its assets and di scoveries”. Laurion has demonstrated the proven
ability to develop early stage projects and create shareholder value by monetizing its
discoveries and assets. Over the last 6 years, Laurion has realized $6.35 million from the
disposition and monetization of the Davidson- Tisd ale, Bell Mountain and Midlothian assets, thus
enabling the Corporation to manage the cyclical junior mineral resource sector market.
FOR FURTHER INFORMATION, CONTACT:
Laurion Mineral Exploration Inc.
Cynthia Le Sueur-Aquin - President
Tel: 1-705-788-9186
Fax: 1-705-805-9256
Website: www.laurion.ca
SCR MINING AND TUNELLING
Claude Seguin or Rick Seguin
2797 White St, Val Caron, P3N 1B2
Tel: 1 705 897 1932
Fax: 1 705 897 7010
Website: www.scrmines.com
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Caution Regarding Forward-Looking Information
This news release includes certain forward-looking statements concerning the future performance of
Laurion's business, operations and condition, as well as management's objectives, strategies, beliefs and
intentions. 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. 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
except as required by law. 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.