LAURION Mineral Exploration Inc. (TSX-V: LME | OTC: LMEFF | FSE: 5YD) has released assay results from two diamond drill holes at its 100%-owned Ishkoday Gold and Polymetallic Project, located approximately 220 km northeast of Thunder Bay and 28 km northeast of Beardmore in Northwestern Ontario. The results, part of the ongoing 2026 Phase 1 drilling program, demonstrate high-grade gold, silver, copper, and zinc mineralization, reinforcing the project's potential to host a significant polymetallic system.
Drill hole LBX26-106 returned 3.75 metres grading 0.568 g/t gold, 12.40 g/t silver, 0.46% copper, and 1.75% zinc from 278.75 m to 282.50 m, including a 0.50-metre interval grading 1.730 g/t gold, 43.20 g/t silver, 1.51% copper, and 3.40% zinc. The hole also intersected 4.70 metres grading 0.582 g/t gold, 2.53 g/t silver, 0.07% copper, and 0.93% zinc from 172.50 m, with a higher-grade sub-interval of 0.50 metres at 3.220 g/t gold, 9.70 g/t silver, 0.30% copper, and 6.29% zinc. Drill hole LBX26-107 yielded 1.15 metres grading 1.374 g/t gold, 10.10 g/t silver, 0.49% copper, and 2.01% zinc from 239.80 m, including 0.50 metres at 1.170 g/t gold, 20.10 g/t silver, 1.03% copper, and 3.64% zinc, as well as 2.90 metres grading 0.608 g/t gold, 11.93 g/t silver, 0.34% copper, and 0.93% zinc from 351.40 m, including 0.80 metres at 1.975 g/t gold, 39.50 g/t silver, 1.45% copper, and 2.72% zinc.
These intercepts are important because they confirm the continuity and geometry of mineralization at depth and along strike, which is critical for building a reliable geological model. The A-Zone and McLeod mineralized systems are the primary focus of the Phase 1 program, which aims to support the evaluation of a potential maiden Mineral Resource Estimate (MRE). The company has increased its planned Phase 1 drilling from 3,865 metres to 5,605 metres across 22 drill holes, reflecting growing confidence in the project. This expansion is informed by an independent structural gap analysis by SRK Consulting, which identified five priority target areas to address gaps in the existing drill database.
The implications of these results extend beyond the immediate grades. They suggest that the Ishkoday Project hosts a large, evolving gold-rich base metal system, as evidenced by over 98,000 metres of historical and modern drilling across a 6.0 km by 2.5 km mineralized corridor. As LAURION systematically advances the A-Zone toward a potential MRE, successful delineation of a resource could significantly enhance the project's value and attract further investment. The company's strategy emphasizes disciplined, data-driven exploration and integrated geological modelling, positioning it to reduce execution risk before any future development decisions. Investors can find more information on the company's website at www.LAURION.ca.
All drill core is processed under strict QA/QC protocols, with samples analyzed by ALS Global in Thunder Bay and North Vancouver. The technical content has been reviewed by Dr. Trevor Boyd, Ph.D., P.Geo., a Qualified Person under NI 43-101. As drilling continues, the results will be evaluated to assess continuity within the mineralized system, with specific targets and timing subject to ongoing results and available financing.
