Laurion Mineral Exploration grab samples up to 26 g/t gold at Ishkoday Project, Ontario
Laurion Mineral Exploration Inc. [TSXV: LME; OTCQB: LMEFF; FSE: 5YD] reported results from a program of grab sampling completed at the historic Miron zone, located on the company’s 100%-owned Ishkoday gold and polymetallic project in the Beardmore-Geraldton greenstone belt in Northwestern Ontario.
Highlights: A total of 15 grab surface rock geochemical samples were collected from the Miron zone quartz vein exposure following excavation, dewatering and cleanup of a historic test pit that had been overgrown and water filled.
Assay results include a high-grade sample of 26.0 g/t gold and 1.505% copper (sample S358072) and a second sample returning 8.82 g/t Au and 1.61% Cu (sample S358073).
A third sample returned 0.881 g/t Au with 1.485% Cu (sample S358076), reinforcing a consistent gold-copper association at this showing.
Results confirm the polymetallic character of the Miron zone, consistent with the company’s broader interpretation of the Ishkoday corridor as an orogenic gold system overprinting an earlier base metal mineralizing event.
The Miron zone was previously tested by three historic diamond drill holes in 1987 to 1988 (Farboro Resources Inc. and Oz Exploration Inc., 1988; see “Miron zone background” below for full source citation). None of the three holes returned gold grades comparable with historic surface sampling of the vein; results indicate the vein widens to the southwest, a trend that has not been tested at depth. The company’s 2026 exploration program is designed to test the southwest widening trend. Refer to original press release for complete assays.
The Miron zone (Miron vein) is located north of Coyle Lake within a single 6.0-km by-2.5-km mineralized corridor of the Ishkoday project. The zone is characterized by a quartz vein approximately 2.1 metres wide, striking approximately 022 degrees with a near-vertical dip, historically exposed by a 10.6-metre test pit. The Miron zone grab sample locations are centred at approximately 447195.9 E and 5513888.8 N (NAD83 UTM zone 16N).
The vein was previously tested by three diamond drill holes, drilled at the same azimuth and dip from collars spaced 25 metres apart along strike, totalling 183.18 metres. None of the three holes returned gold grades comparable with the historic surface sample grade from the same vein: The hole drilled beneath the historic test pit returned a best value of 200 parts per billion Au; the hole drilled 25 metres to the northeast returned no significant values; and the hole drilled 25 metres to the southwest intersected a wider zone of quartz veining (5.61 metres) but only anomalous gold values up to 280 ppb Au (Farboro Resources and Oz Exploration, “Report on Winter 1987-88 Exploration Program, Project 474 – Sturgeon River, Elmhirst Township, Ontario, NTS 42E/13,” written by Robert J. Tremblay, senior geologist, D.I.G. Mining Enterprises Inc. (project manager), dated June, 1988).
While drill-tested gold grades to date have remained low, the southwesternmost hole indicates the vein widens in that direction, a trend that the company believes warrants further testing at depth.
The historic pit had become overgrown with trees and shrubs and was water filled at the time Laurion’s field crew, led by prospector Rick Cote, undertook excavation, dewatering and site cleanup. This work re-exposed the vein and enabled the collection of the grab samples reported herein.
The company’s 2026 exploration program will potentially include two diamond drill holes designed to test the down-plunge extension and southwest widening of the vein indicated by the 1987-1988 drill fence, with oriented core planned to confirm plunge direction ahead of the full program.
Laurion Mineral Exploration is focused on advancing the Ishkoday gold and polymetallic project in Northern Ontario. The 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 polymetallic mineral system.
Laurion is focused on strengthening geological confidence, expanding the scale of the mineral system and positioning the project for a future NI 43-101 mineral resource estimate (MRE).
Laurion continues to evaluate opportunities that may enhance project development flexibility, including potential non-dilutive initiatives such as the evaluation of historical surface stockpile processing. The company’s objective is to build technical clarity, scale and long-term project value before monetization.
Cynthia Le Sueur-Aquin, president and CEO of Laurion, is the company’s largest shareholder, holding 17,221,306 common shares.