LAURION Mineral Exploration Inc. (TSX-V: LME | OTC: LMEFF | FSE: 5YD) reported assay results from drill holes LBX26-106 and LBX26-107 from its ongoing 2026 Phase 1 diamond drilling program at its 100%-owned Ishkoday Gold and Polymetallic Project in Northwestern Ontario. The results include multiple high-grade intercepts of gold, silver, copper, and zinc, highlighting the polymetallic nature of the mineralized system.
Drill hole LBX26-106 intersected 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 0.50-metre interval grading 1.730 g/t gold, 43.20 g/t silver, 1.51% copper, and 3.40% zinc. The hole also returned 4.70 metres grading 0.582 g/t gold, 2.53 g/t silver, 0.07% copper, and 0.93% zinc from 172.50 metres, 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 metres, 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 metres, including 0.50 metres grading 1.170 g/t gold, 20.10 g/t silver, 1.03% copper, and 3.64% zinc. It 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 metres, including 0.80 metres grading 1.975 g/t gold, 39.50 g/t silver, 1.45% copper, and 2.72% zinc.
The 2026 Phase 1 drill program is designed to systematically advance the A-Zone, with the goal of supporting a potential maiden Mineral Resource Estimate (MRE). The two holes were intended to test the A-Zone and McLeod mineralized systems at depth and along strike, tighten drill spacing, and evaluate priority geophysical targets. LBX26-106 tested the down-plunge continuation of the A-Zone, while LBX26-107 tested the McLeod mineralized horizon and a chargeability anomaly from a 2015 geophysical survey.
LAURION has increased its planned Phase 1 drilling 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 of the A-Zone, which identified five priority target areas. The company is using this framework to prioritize near-term drilling as it continues to advance the A-Zone toward a potential maiden MRE. Specific targets, sequencing, and timing remain subject to ongoing results and available financing.
For the mining industry, these results underscore the potential of the Ishkoday Project as a significant polymetallic system. The presence of gold, silver, copper, and zinc mineralization could attract interest from base and precious metals producers, especially as demand for critical minerals like copper and zinc rises. The expanded drilling program signals LAURION’s commitment to advancing the project, which could lead to a resource estimate and further development. Investors and industry observers will watch for additional assay results and updates on the MRE, as these could impact the company’s valuation and the region’s mining landscape. More information is available at www.LAURION.ca.
