LAURION Intersects High-Grade Gold, Silver and Zinc at Ishkoday A-Zone/McLeod/CRK Zone, Confirming Structural Continuity Along Mineralized Corridor

The most recent news release (January 7, 2026) reports assay results from the first two diamond drill holes (LBX25-095 and LBX25-096) of a targeted program at the Ishkoday Project. The drilling focused on the A-Zone, McLeod, and CRK Zone corridor. Key intercepts include 4.5m grading 2.0 g/t Au and 3.85m grading 1.92 g/t Au. The CEO, Cynthia Le Sueur Aquin, stated these results reinforce a "structurally controlled gold-zinc system" and confirm continuity along a 1.9 km mineralized corridor. The program total was 369 meters, specifically targeting near-surface mineralization.

The news is Material - Positive but falls under "Routine" as it confirms existing geological models rather than providing a transformative discovery. - Continuity Confirmed: The results validate the 3D geological model and the "structural corridor" thesis management has promoted throughout 2025. - Grade and Width: While high-grade "pulses" are present (e.g., 2.14 g/t Au and 2.22 g/t Au in narrow intervals), the widths (mostly 0.5m to 4m) are typical for the Ishkoday system but not yet indicative of a massive, high-tonnage discovery. - Timing: These results follow a December 2025 financing, suggesting the company is effectively deploying capital into the ground. However, the market has not reacted significantly, likely due to the small scale of this specific reporting (only two holes).

LAURION’s flagship is the 100%-owned Ishkoday Project near Beardmore, Ontario. The property spans 57 sq km and includes the historic Sturgeon River Mine (which produced high-grade gold in the 1930s). The project is unique for its "polymetallic" nature, hosting gold, silver, zinc, and copper. Exploration potential is estimated at 22.5M to 45M tonnes, though this is conceptual and not yet a NI 43-101 compliant resource.