LAURION Mineral Exploration Inc. (TSX-V: LME | OTC: LMEFF | FSE: 5YD) has reported assay results from drill holes LBX26-106 and LBX26-107, part of its ongoing 2026 Phase 1 diamond drilling program at the 100%-owned Ishkoday Gold and Polymetallic Project in Northwestern Ontario. The results reveal multiple high-grade intercepts of gold, silver, copper, and zinc, underscoring the potential of the A-Zone and McLeod mineralized systems.
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 to 176.50 m, including 0.50 metres grading 3.220 g/t gold, 9.70 g/t silver, 0.30% copper, and 6.29% zinc. Drill hole LBX26-107 returned 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 to 240.95 m, including 0.50 metres grading 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 to 354.30 m, including 0.80 metres grading 1.975 g/t gold, 39.50 g/t silver, 1.45% copper, and 2.72% zinc.
These intercepts are significant because they confirm the presence of high-grade polymetallic mineralization at depth and along strike, which could enhance the project's economic potential. The company increased its planned Phase 1 drilling from 3,865 metres to 5,605 metres across 22 drill holes, informed by SRK Consulting's independent structural gap analysis of the A-Zone. This analysis identified five priority target areas to address gaps in the existing drill database and strengthen geological understanding. The expanded program aims to systematically advance the A-Zone toward a potential maiden Mineral Resource Estimate (MRE).
The Ishkoday Project covers approximately 57 km² within the prolific Beardmore-Geraldton and Onaman-Tashota Greenstone Belts and hosts a single 6.0 km by 2.5 km mineralized corridor. Historical and modern exploration programs have completed over 98,000 metres of drilling, confirming a large and evolving gold-rich base metal mineral system. LAURION's strategy emphasizes disciplined, data-driven exploration and systematic technical advancement. The company is focused on strengthening geological confidence, expanding the scale of the mineral system, and positioning the project for a potential future MRE. For more information, visit www.LAURION.ca.
All drill core is transported and stored at the Ishkoday Project's core logging facility in Greenstone, Ontario. LAURION employs an industry-standard system of external standards, blanks, and duplicates for all sampling, in addition to the QA/QC protocol employed by the laboratory. Samples were shipped to the ALS facility in Thunder Bay, Ontario, prepared by ALS Global Geochemistry, and analyzed by ALS Global Analytical Lab in North Vancouver, British Columbia. The technical contents of this press release have been reviewed and approved by Dr. Trevor Boyd, Ph.D., P.Geo., a consultant to LAURION and a Qualified Person as defined by National Instrument 43-101.
The results are important for investors and the mining industry as they demonstrate the continued prospectivity of the Ishkoday Project. The increased drilling program and the systematic approach to resource definition could lead to a significant mineral resource, enhancing the company's value and contributing to the region's mining sector. The high-grade polymetallic mineralization, including gold, silver, copper, and zinc, is particularly attractive in the current market environment, where demand for these metals remains strong. As LAURION advances the A-Zone, the potential for a maiden MRE could attract further investment and strategic partnerships, benefiting shareholders and the local economy.
