ONTARIO – Laurion Mineral Exploration of Toronto has decided to sell its Bell Mountain gold-silver property in Nevada and use the proceeds to move work forward at its Sturgeon River project in the Beardmore-Geraldton Gold Camp. Lincoln Mining Corp. of Vancouver will pay $2.35 million in cash to Laurion for the Bell Mountain assets.
“Focusing on Sturgeon River makes optimal sense at this time. We sold the David-Tisdale project and garnered $4 million for Laurion in January 2010, under a similar successful strategy,” said Laurion president Cynthia Le Sueur-Aquin. “The exploration on Sturgeon River to date indicates that we are close to delivering a resource estimate that will begin defining the potential of the corridor. We are continually discovering additional mineral occurrences as we expand our exploration on the property.”
Laurion owns 100% of the Sturgeon River project 120 km northeast of Thunder Bay. It continues to explore the polymetallic volcanic massive sulphides potential of the property where earlier work has shown that massive to semi-massive sulphides occur on multiple horizons within a 3-km-long and 1-km-wide corridor of sheared volcanics that trend through the centre of the Sturgeon River property and strikes northeast.
Additional information is available at Laurion.ca.