LAURION Mineral Exploration Inc. (TSX-V: LME | OTC: LMEFF | FSE: 5YD) has released 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 zones of gold, silver, copper, and zinc mineralization, underscoring the project's potential for a significant polymetallic deposit.
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 to 282.50 metres, including a higher-grade subinterval of 0.50 metres at 1.730 g/t gold, 43.20 g/t silver, 1.51% copper, and 3.40% zinc. The hole also intersected 4.70 metres at 0.582 g/t gold, 2.53 g/t silver, 0.07% copper, and 0.93% zinc from 172.50 metres, with a 0.50-metre interval grading 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 at 1.374 g/t gold, 10.10 g/t silver, 0.49% copper, and 2.01% zinc from 239.80 metres, 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 at 0.608 g/t gold, 11.93 g/t silver, 0.34% copper, and 0.93% zinc from 351.40 metres, including 0.80 metres at 1.975 g/t gold, 39.50 g/t silver, 1.45% copper, and 2.72% zinc.
The Phase 1 program is designed to systematically advance the A-Zone through targeted infill, expansion, and exploration drilling, potentially supporting the evaluation of a maiden Mineral Resource Estimate (MRE). LBX26-106 tested the A-Zone down-plunge to assess continuity and geometry at depth, while LBX26-107 targeted the McLeod mineralized horizon, reducing pierce-point spacing and testing a chargeability anomaly from a 2015 geophysical survey. LAURION has expanded 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 that identified five priority target areas. This expansion aims to address key gaps in the existing drill database and strengthen geological understanding.
The implications of these results are significant for LAURION and the mining industry. The high-grade polymetallic mineralization suggests the Ishkoday Project could host a substantial gold-rich base metal system, enhancing the company's prospects for a maiden MRE. For investors, the expanded drilling program and positive assays signal potential resource growth and de-risking of the project. The strategic focus on data-driven exploration and disciplined capital allocation positions LAURION to build long-term value, with the possibility of non-dilutive initiatives such as processing historical surface stockpiles. The project's location in the prolific Beardmore-Geraldton and Onaman-Tashota Greenstone Belts, with over 98,000 metres of historical drilling, further supports its potential. As LAURION continues to advance the A-Zone, these results could attract industry attention and partnership opportunities, contributing to the region's economic development.
All drill core was processed using industry-standard QA/QC protocols, with samples analyzed by ALS Global Geochemistry in Thunder Bay and ALS Global Analytical Lab in North Vancouver. The technical contents were reviewed and approved by Dr. Trevor Boyd, Ph.D., P.Geo., a Qualified Person under NI 43-101. LAURION Mineral Exploration is a mid-stage Canadian mineral exploration company focused on advancing the Ishkoday Project, which covers approximately 57 km². For more information, visit www.LAURION.ca.
