LAURION Mineral Exploration Inc. (TSX-V: LME | OTC: LMEFF | FSE: 5YD) has announced assay results from drill holes LBX26-111 and LBX26-112, part of its 2026 Phase 1 diamond drilling program at the 100%-owned Ishkoday Gold and Polymetallic Project in Northwestern Ontario. The results highlight the potential for high-grade mineralization within the A-Zone–McLeod system and have led the company to increase its planned Phase 1 drilling from 3,865 metres to 5,605 metres across 22 drill holes.
Drill hole LBX26-111 returned 3.35 metres grading 0.523 grams per tonne (g/t) gold from 92.30 metres, including 0.60 metres at 2.480 g/t gold, 4.20 g/t silver, 0.04% copper, and 0.45% zinc. Additional intervals included 0.50 metres at 1.255 g/t gold, 5.00 g/t silver, and 1.29% zinc, and 1.55 metres at 0.494 g/t gold, 6.87 g/t silver, 0.14% copper, and 0.24% zinc, which contained a higher-grade sub-interval of 0.65 metres at 1.005 g/t gold, 11.40 g/t silver, 0.20% copper, and 0.33% zinc. A full assay summary can be viewed Click Here to see LBX26-111 Assay Summary.
Drill hole LBX26-112 delivered even more compelling results, including 1.20 metres grading 6.580 g/t gold from 78.80 metres. A broader interval of 6.00 metres averaged 0.206 g/t gold, 19.80 g/t silver, 0.28% copper, and 0.83% zinc, which included a standout 0.50-metre section grading 1.795 g/t gold, 223.00 g/t silver, 3.31% copper, and 8.47% zinc. Further downhole, 2.20 metres returned 0.387 g/t gold, 5.93 g/t silver, 0.23% copper, and 0.56% zinc, with an included 0.70-metre interval of 1.060 g/t gold, 16.10 g/t silver, 0.68% copper, and 1.20% zinc. Additionally, a separate 2.10-metre interval graded 175 g/t silver, along with 0.045 g/t gold, 0.03% copper, and 0.39% zinc. For detailed assay tables, see Click here to see LBX26-112 Assay Summary and Click here to see Pt 2 LBX26-112 Assay Summary.
The 2026 Phase 1 drill program is designed to systematically advance the A-Zone toward a potential maiden Mineral Resource Estimate (MRE). The two holes were specifically aimed at improving the company's understanding of mineralization continuity within the A-Zone–McLeod system. LBX26-111 targeted the down-dip extension of the A-Zone, while LBX26-112 tested a gap between previous drill holes from 2022 in the McLeod horizon. Together, they are intended to refine the geological model and guide subsequent drilling.
The expanded program is being informed by SRK Consulting's independent structural gap analysis of the A-Zone, which identified five priority target areas where additional drilling could address key gaps in the existing drill database. LAURION is using this framework, along with ongoing results, to prioritize near-term drilling as it continues to advance the project. The company's strategy emphasizes disciplined, data-driven exploration and systematic technical advancement, with the goal of strengthening geological confidence and positioning the project for a potential future MRE. For more information, visit http://www.LAURION.ca.
All drill core is processed under strict QA/QC protocols, including the use of external standards, blanks, and duplicates. Samples were analyzed by ALS Global in Thunder Bay and North Vancouver, with no contamination or bias observed. The technical contents of this release have been reviewed and approved by Dr. Trevor Boyd, Ph.D., P.Geo., a Qualified Person under NI 43-101.
These results are significant for LAURION as they demonstrate the presence of high-grade gold, silver, copper, and zinc mineralization, which could enhance the economic potential of the Ishkoday project. The expansion of the drill program signals the company's confidence in the project's prospectivity and its commitment to advancing toward a maiden MRE. For investors and the mining industry, these findings underscore the potential of the Ishkoday project as a substantial polymetallic system in a favorable mining jurisdiction.
