TORONTO, Dec. 20,
2022 /CNW/ - LAURION Mineral Exploration Inc.
(TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the
"Corporation"), is very pleased to announce the appointment of
Vikram Jayaraman of the global
engineering, project delivery and asset management company, DRA
Americas Inc. ("DRA"), to the Corporation's Technical
Advisory Board.
"Vikram will be a valuable asset to LAURION's Technical Advisory
Board, bringing his extensive industry experience and knowledge.
Vikram has worked closely with LAURION to date, injecting his
innovative approach and processes to our propective operations in
furtherance of our desired outcome to advance all aspects of the
Ishkoday Project. This appointment reflects LAURION's
commitment to advancing the Ishkoday Project with the goal of
developing the stockpiles and monetizing the available material
through recovery of contained gold within the stockpiles and/or
existing shaft, while simultaneously ramping up on its exploration
programs", stated Cynthia Le
Sueur-Aquin, President and Chief Executive Officer of
LAURION.
Vikram holds a Master's Degree in Metallurgy from McGill University and a Master's Degree in Business
Administration (MBA) from the Rotman School of Management at
University of Toronto. Previously,
Vikram was the Vice President – Solutions Sales at Outotec OY,
where he had global responsibility for process solution sales and
proposals.
DRA has assembled a world-class team under the guidance of
Vikram, which includes qualified ore sorting engineers that, in
management's view, are well-positioned to deliver the economic
studies and outcomes that are expected to add value to LAURION's
business case and set-up the Ishkoday Project to achieve
down-stream implementation. The Corporation believes that ore
sorting is critical with respect to its ability to reduce OPEX,
reduce CAPEX, lower cut off grades and increase final payables.
The Corporation also announces that pursuant to its stock option
plan, LAURION will grant incentive stock options to Mr. Jayaraman
to acquire a total of 250,000 common shares of the Corporation
("Options"), exercisable for a period of five years at an
exercise price of $0.50 per share,
subject to vesting requirements. One third of the Options vest
immediately, one-third of the Options will vest on the first
anniversary of their date of grant and the remaining one-third of
the Options will vest on the second anniversary of their date of
grant. The issuance of Options, as contemplated in this news
release, is subject to the terms of the Corporation's stock option
plan and TSX Venture Exchange ("TSXV") approval.
ABOUT DRA
DRA Americas Inc. is a 100% owned subsidiary of DRA Global
Limited (ASX: DRA | JSE: DRA) (the "DRA Group"), which is a
multi-disciplinary consulting, engineering, project delivery and
operations management group predominantly focused on the mining and
minerals resources sector. The DRA Group has an extensive global
track record, spanning more than three decades and more than 7,500
studies and projects as well as operations, maintenance and
optimisation solutions across a wide range of commodities.
The DRA Group has expertise in mining, minerals and metals
processing and related non-process infrastructure, including
sustainability, water and energy solutions for the mining industry.
The DRA Group delivers advisory, engineering and project delivery
services throughout the capital project lifecycle from concept
though to operational readiness and commissioning, as well as
ongoing operations, maintenance and shutdown services.
The DRA Group, headquartered in Perth, Australia, services its global customer
base through 16 offices across Asia-Pacific, North and South America, Europe, Middle
East and Africa.
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 256,069,855 outstanding
shares of which approximately 80% 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.
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, management's objectives, strategies, beliefs and
intentions, the Corporation's engagement of DRA and/or its
affiliates and the studies and estimates that result from this
engagement, the Corporation's ability to advance the Ishkoday
Project, the Corporation's future exploration campaigns,
the Options and LAURION's stock option plan.
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 TSXV not providing its approval for the granting of the
Options, the interpretation and actual results of current
exploration activities, changes in project and exploration campaign
parametres 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 available under its profile
at www.sedar.com. 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
foregoing is not an exhaustive list of factors that may affect the
Corporation's forward-looking statements. Other risks and
uncertainties not presently known to the Corporation and/or not
specifically referenced herein could also cause actual results or
events to differ materially from those expressed in its
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.