Laurion Mineral posts Ishkōday Project gold and polymetallic assays, Ontario
Laurion Mineral Exploration Inc. [TSXV: LME; OTC: LMEFF; FSE: 5YD] reported assay results from drill holes LBX26-111 and LBX26-112 from its 2026 Phase 1 diamond drilling program at its 100%-owned Ishkōday Gold and Polymetallic Project, located approximately 220 km northeast of Thunder Bay and 28 km northeast of Beardmore, northwestern Ontario.
Through targeted infill, expansion and exploration drilling, LAURION’s 2026 Phase 1 drill program is designed to systematically advance the A-Zone, which may support the evaluation of a potential maiden Mineral Resource Estimate (MRE).
Highlights – LBX26-111: 3.35 metes grading 0.523 g/t Au (92.30 m to 95.65 m) including 0.60 metres grading 2.480 g/t Au , 4.20 g/t Ag, 0.04% Cu and 0.45% Zn (92.30 m to 92.90 m); 0.50 metres grading 1.255 g/t Au, 5.00 g/t Ag and 1.29% Zn (134.30 m to 134.80 m); 1.55 metres grading 0.494 g/t Au, 6.87 g/t Ag, 0.14% Cu and 0.24% Zn (157.00 m to 158.55 m), including 0.65 metres grading 1.005 g/t Au, 11.40 g/t Ag, 0.20% Cu and 0.33% Zn (157.90 m to 158.55 m).
LBX26-112: 1.20 m grading 6.580 g/t Au (78.80 m to 80.00 m); 6.00 m grading 0.206 g/t Au, 19.80 g/t Ag, 0.28% Cu and 0.83% Zn (96.00 m to 102.0 m), including
0.50 m grading 1.795 g/t Au, 223.00 g/t Ag, 3.31% Cu and 8.47% Zn (97.00 m to 97.50 m); 2.20 m grading 0.387 g/t Au, 5.93 g/t Ag, 0.23% Cu and 0.56% Zn (210.80 m to 213.00 m), including 0.70 m grading 1.060 g/t Au, 16.10 g/t Ag, 0.68% Cu and 1.20% Zn (211.60 m to 212.30 m).
There was a separate 2.10-metre interval grading 175 g/t Ag, together with 0.045 g/t Au, 0.03% Cu and 0.39% Zn (231.00 m to 233.10 m).
Drill holes LBX26-111 and LBX26-112 were designed to improve LAURION’s understanding of the continuity of the mineralization within the A-Zone–McLeod system.
LBX26-111 targeted the projected continuation of the A-Zone mineralization at depth, following geological and grade trends identified in earlier drilling.
LBX26-112 targeted the McLeod mineralized horizon, testing a gap between previous drill holes completed in 2022. By reducing the distance between known intersections, the hole was designed to assist in evaluating geological continuity and provide a clearer understanding of the shape, orientation and distribution of mineralization within the McLeod Zone. Together, the two holes were designed to progressively tighten LAURION’s geological model of the A-Zone–McLeod system and provide additional information to guide subsequent drilling. Refer to original press release for more assay details.
Building on the program to date, LAURION increased its planned Phase 1 drilling from 3,865 metres to 5,605 metres across 22 drill holes. 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 may address key gaps in the existing drill database and further strengthen geological understanding. LAURION is using this framework, together with ongoing drill results, to prioritize near-term drilling as it continues to systematically advance the A-Zone toward its potential maiden MRE. Additional targets, sequencing and timing remain subject to, among other things, ongoing results and available financing.
All core lengths are drilled thicknesses; true widths have not yet been determined.
The Ishkōday Project covers approximately 57 km² within the 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 polymetallic mineral system.
Cynthia Le Sueur-Aquin, President and CEO of Laurion, is the company’s largest shareholder, holding 17,221,306 common shares.