LAURION Mineral Exploration Inc. (TSX-V: LME | OTC: LMEFF | FSE: 5YD) reported assay results from two drill holes completed as part of its 2026 Phase 1 diamond drilling program at its 100%-owned Ishkoday Gold and Polymetallic Project in Northwestern Ontario. The results, announced on September 28, 2026, include multiple high-grade gold and silver intercepts, and the company has increased its planned Phase 1 drilling from 3,865 metres to 5,605 metres across 22 drill holes.
The drill holes LBX26-111 and LBX26-112 were designed to improve understanding of the continuity of mineralization within the A-Zone–McLeod system. LBX26-111 targeted the projected continuation of the A-Zone mineralization at depth, returning 3.35 metres grading 0.523 g/t gold from 92.30 metres, including 0.60 metres grading 2.480 g/t gold, 4.20 g/t silver, 0.04% copper and 0.45% zinc. The hole also intersected 1.55 metres grading 0.494 g/t gold, 6.87 g/t silver, 0.14% copper and 0.24% zinc from 157.00 metres. A summary of these results is available Click Here to see LBX26-111 Assay Summary.
LBX26-112 targeted the McLeod mineralized horizon, testing a gap between previous drill holes completed in 2022. The hole returned 1.20 metres grading 6.580 g/t gold from 78.80 metres, and 6.00 metres grading 0.206 g/t gold, 19.80 g/t silver, 0.28% copper and 0.83% zinc from 96.00 metres, including a standout 0.50-metre interval grading 1.795 g/t gold, 223.00 g/t silver, 3.31% copper and 8.47% zinc. A separate 2.10-metre interval graded 175 g/t silver together with 0.045 g/t gold, 0.03% copper and 0.39% zinc. Assay summaries for LBX26-112 can be viewed at Click here to see LBX26-112 Assay Summary and Click here to see Pt 2 LBX26-112 Assay Summary.
The expanded drilling program is being informed by SRK Consulting's independent structural gap analysis of the A-Zone, which identified five priority target areas where additional drilling may address key gaps in the existing drill database. LAURION is using this framework, along with ongoing drill results, to prioritize near-term drilling as it continues to systematically advance the A-Zone toward a potential maiden Mineral Resource Estimate (MRE). The company notes that additional targets, sequencing and timing remain subject to ongoing results and available financing.
All drill core is processed under strict QA/QC protocols, with samples sent to ALS Global in Thunder Bay, Ontario, and analyzed in North Vancouver, British Columbia. The technical contents of the release have been reviewed and approved by Dr. Trevor Boyd, Ph.D., P.Geo., a Qualified Person as defined by National Instrument 43-101.
The results are significant for LAURION and its investors because they demonstrate the presence of high-grade gold and silver mineralization along the A-Zone–McLeod system, supporting the geological model and the potential for a maiden MRE. The expansion of the drill program signals confidence in the project's ability to host a larger mineralized system. For the broader mining industry, these intercepts highlight the continued prospectivity of the Beardmore–Geraldton and Onaman–Tashota Greenstone Belts in Northern Ontario, a region known for gold and base metal deposits. If the company successfully defines an MRE, it could attract further investment and potentially lead to development, benefiting the local economy and stakeholders. More information is available at http://www.LAURION.ca.
