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 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 gold and polymetallic intercepts, underscoring the project's potential and the company's systematic approach to advancing the A-Zone toward a possible maiden Mineral Resource Estimate (MRE).
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 higher-grade sub-interval of 2.30 metres grading 0.886 g/t gold, 19.26 g/t silver, 0.73% copper, and 1.64% zinc. A narrower interval of 0.50 metres returned 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, and 2.70 metres grading 0.742 g/t gold, 3.88 g/t silver, 0.10% copper, and 1.58% zinc from 174.50 m to 177.20 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. The hole also intersected 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 continuity and geometry of mineralization at depth and along strike, providing critical data to evaluate the A-Zone and McLeod mineralized systems. LBX26-106 was designed to test the down-plunge continuation of the A-Zone, while LBX26-107 targeted the McLeod horizon and a chargeability anomaly from a 2015 geophysical survey. The results strengthen LAURION's geological understanding and support the expansion of the Phase 1 program from 3,865 metres to 5,605 metres across 22 drill holes.
The expanded program is informed by SRK Consulting's independent structural gap analysis, which identified five priority target areas to address gaps in the existing drill database. LAURION is using this framework to prioritize near-term drilling as it systematically advances the A-Zone toward a potential maiden MRE. The company's disciplined, data-driven exploration strategy emphasizes integrated geological modelling and responsible capital allocation, positioning the project for long-term value creation.
LAURION's flagship Ishkoday Project covers approximately 57 km² within the prolific Beardmore-Geraldton and Onaman-Tashota Greenstone Belts. Historical and modern exploration has completed over 98,000 metres of drilling, confirming a large and evolving gold-rich base metal mineral system. The company's objective is to build technical clarity and scale before monetization, ensuring future development decisions are supported by strong geological foundations. For more information, visit the company's website at https://www.LAURION.ca.
