LAURION Mineral Exploration Inc. (TSX-V: LME | OTC: LMEFF | FSE: 5YD) has announced assay results from drill holes LBX26-106 and LBX26-107, part of its 2026 Phase 1 diamond drilling program at the 100%-owned Ishkoday Gold and Polymetallic Project in Northwestern Ontario. The results reveal multiple high-grade gold and polymetallic intercepts, underscoring the project's potential to host a significant mineralized system.
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 same 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. 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, and 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.
These intercepts are important because they demonstrate the presence of both gold and base metal mineralization at depth and along strike, which could enhance the project's economic viability. The A-Zone, which is the primary focus of the current drill program, is being systematically advanced through targeted infill, expansion, and exploration drilling. The company aims to support the evaluation of a potential maiden Mineral Resource Estimate (MRE). The drill holes were designed to test the A-Zone and McLeod mineralized systems, tighten drill spacing, and evaluate priority geophysical targets.
LAURION has increased its planned Phase 1 drilling from 3,865 metres to 5,605 metres across 22 drill holes. This expansion is informed by SRK Consulting's independent structural gap analysis of the A-Zone, which identified five priority target areas. The company is using this framework, along with ongoing drill results, to prioritize near-term drilling as it continues to advance the A-Zone toward a potential maiden 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, systematic technical advancement, integrated geological modelling, and responsible capital allocation.
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. For further information, visit LAURION's website.
