Business
Laurion Announces Strategic Cooperation Agreement with SCR Mining and Tunnelling on the Ishkoday Project Development
Toronto, Ontario--(Newsfile Corp. - March 2, 2017) - Laurion Mineral Exploration Inc. (TSXV: ...
About this update from Laurion Mineral Exploration Inc.
[{"type":"text","content":"\nLaurion Announces Strategic Cooperation Agreement with SCR Mining and Tunnelling on the Ishkoday Project DevelopmentToronto, Ontario--(Newsfile Corp. - March 2, 2017) - Laurion Mineral Exploration Inc. (TSXV: LME) (OTC Pink: LMEFF) (\"Laurion\" or the \"Corporation\") and SCR Mining and Tunnelling (\"SCR\") announced today that they have agreed to enter 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 business 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 also able to retain the dynamism and flexibility of a focused exploration 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 opportunities 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 prospects 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...