LAURION Mineral Exploration Inc. (TSX-V: LME | OTC: LMEFF | FSE: 5YD) has reported assay results from drill holes LBX26-106 and LBX26-107 at its 100%-owned Ishkoday Gold and Polymetallic Project in Northwestern Ontario. The holes were completed as part of the company’s 2026 Phase 1 diamond drilling program and intersected multiple zones of gold and base-metal mineralization.

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 a depth of 278.75 metres. The interval included a higher-grade 0.50-metre sub-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 metres. This included a 0.50-metre interval grading 3.220 g/t gold, 9.70 g/t silver, 0.30% copper, and 6.29% zinc.

LBX26-107 yielded 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. It also returned 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. That interval included 0.80 metres grading 1.975 g/t gold, 39.50 g/t silver, 1.45% copper, and 2.72% zinc.

The Phase 1 program is testing the A-Zone and McLeod mineralized systems at depth and along strike, tightening drill spacing, and evaluating priority geophysical targets. LBX26-106 tested the down-plunge continuation of the A-Zone, while LBX26-107 targeted the McLeod horizon and a chargeability anomaly identified in a 2015 survey. LAURION said the results provide additional information about the geometry and potential extent of mineralization, which is important for evaluating continuity within the system.

LAURION has expanded its planned Phase 1 drilling from 3,865 metres to 5,605 metres across 22 drill holes. The increase follows an independent structural gap analysis by SRK Consulting, which identified five priority target areas intended to address gaps in the existing drill database. The company is using the analysis to prioritize near-term drilling as it advances the A-Zone toward a potential maiden Mineral Resource Estimate (MRE). The additional drilling and future resource work will provide the next stages for assessing how the reported intercepts fit within the broader mineralized corridor.

The technical contents of the release were reviewed and approved by Dr. Trevor Boyd, Ph.D., P.Geo., a Qualified Person under NI 43-101. Sampling and quality assurance/quality control (QA/QC) procedures included industry-standard external standards, blanks, and duplicates. ALS Global processed all core samples, and the company reported no contamination or bias in the QA/QC results.

The Ishkoday Project covers approximately 57 km² within the Beardmore-Geraldton and Onaman-Tashota Greenstone Belts. It hosts a single 6.0 km by 2.5 km mineralized corridor. Historical and modern exploration has completed more than 98,000 metres of drilling, confirming a large and evolving gold-rich base-metal system.

LAURION said it continues to evaluate opportunities to enhance project development flexibility, including potential non-dilutive initiatives. The company stated that the latest results may contribute to a future MRE and long-term project value. Forward-looking statements involve risks and uncertainties, and actual results may differ materially.

More information is available from LAURION and the Citybuzz source article.