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 include multiple high-grade intercepts of gold, silver, copper, and zinc, underscoring the project's potential as a significant polymetallic system.
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 metres, including a 0.50-metre interval of 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 metres, which included a higher-grade sub-interval of 0.50 metres at 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 at 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 at 1.975 g/t gold, 39.50 g/t silver, 1.45% copper, and 2.72% zinc.
These results are important because they confirm the presence of high-grade mineralization at depth and along strike, supporting LAURION's strategy to systematically advance the A-Zone toward a potential maiden Mineral Resource Estimate (MRE). The company has expanded its planned Phase 1 drilling from 3,865 metres to 5,605 metres across 22 drill holes, informed by an independent structural gap analysis by SRK Consulting that identified five priority target areas. This expansion could accelerate resource definition and enhance the project's economic viability.
For investors and industry observers, the high-grade polymetallic nature of the mineralization—with significant credits of gold, silver, copper, and zinc—suggests potential for robust economics in a future mining scenario. The Ishkoday Project covers approximately 57 square kilometres 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 system.
LAURION's disciplined, data-driven exploration approach and responsible capital allocation are aimed at building technical clarity, scale, and long-term project value before monetization. The company is also evaluating non-dilutive initiatives such as processing historical surface stockpiles. With a strong alignment between management and shareholders—President and CEO Cynthia Le Sueur-Aquin is the largest shareholder—LAURION appears well-positioned to advance the project. However, forward-looking statements caution that additional drilling may not support an MRE, and risks include financing, permitting, and metal price volatility. For more information, visit LAURION's website.
