Northwire Canada EditionWednesday, November 11, 2026
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Gold 4,014.30 −0.4% Silver 52.23 +2.0% Copper 6.28 +0.8% Oil 88.59 +3.0% Palladium 1,066.25 +4.5% ORCL 0.030 +0.0% ELD 50.03 −0.8% OPW 0.150 +0.0% CDE 21.84 +0.7% AEM 267.99 −0.9% WDO 28.18 −0.5% BEA 0.090 +0.0% GAU 3.54 −0.6% BTO 7.53 −0.3% IMG 26.21 −0.5% BOL 0.060 +0.0% CNT 0.030 +0.0% EXN 0.253 +2.0% MNRG 0.075 +0.0% GSKR 2.83 −1.4% FPC 0.440 −1.1% Gold 4,014.30 −0.4% Silver 52.23 +2.0% Copper 6.28 +0.8% Oil 88.59 +3.0% Palladium 1,066.25 +4.5% ORCL 0.030 +0.0% ELD 50.03 −0.8% OPW 0.150 +0.0% CDE 21.84 +0.7% AEM 267.99 −0.9% WDO 28.18 −0.5% BEA 0.090 +0.0% GAU 3.54 −0.6% BTO 7.53 −0.3% IMG 26.21 −0.5% BOL 0.060 +0.0% CNT 0.030 +0.0% EXN 0.253 +2.0% MNRG 0.075 +0.0% GSKR 2.83 −1.4% FPC 0.440 −1.1%
Drill Results

LAURION Intersects High-Grade Gold and Polymetallic Mineralization in Drill Holes LBX25-101 and LBX25-102 at Ishkoday A-Zone Corridor

Market Indifference Deepens as Extensive Drilling Fails to Halt Multi-Year Price Erosion

By The Northwire Desk — AI Analysis Feb 11, 2026 · 05:01 LME · 0.23 Laurion Mineral Exploration Inc.
Executive Summary

The news release dated February 11, 2026, reports assay results from the final two holes (LBX25-101 and LBX25-102) of an eight-hole diamond drilling program (1,821 meters) at the Ishkoday Project’s A-Zone Corridor. Key highlights include: - Hole LBX25-101: Intersected 37.3m of 0.209 g/t Au, including narrow higher-grade intervals of 1.5m @ 0.883 g/t Au, 13.60 g/t Ag, and 5.61% Zn. - Hole LBX25-102: Intersected multiple narrow veins including 0.5m @ 3.89 g/t Au and 5.37% Zn, and 3.3m @ 1.114 g/t Au. - Management Objective: Refine 3D geological models and answer "specific geological questions" to support a Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) planned for 2026.

Material Impact

The impact is categorized as Routine - Positive. While the drilling confirms the continuity of the mineralized system and adds technical data for the upcoming MRE, it does not constitute a "discovery" or a significant departure from previously known mineralization. - Predictability vs. Grade: CEO Cynthia Le Sueur-Aquin emphasizes "predictability" and "clarity." However, for a project with nearly 100,000 meters of cumulative drilling, the lack of a current NI 43-101 resource estimate remains a significant hurdle for valuation. - Grade Concerns: Many of the "high-grade" intercepts are extremely narrow (0.5m to 1.5m core length). The broader 37.3m interval in LBX25-101 is very low grade (0.209 g/t Au), suggesting that while a system exists, bulk tonnage potential remains unproven and narrow-vein mining costs could be prohibitive.

LME · Price
Company Overview

Laurion Mineral Exploration Inc. focuses on the 100%-owned Ishkoday Project, located 220 km northeast of Thunder Bay, Ontario. - Flagship Project: Ishkoday Project (57 sq km). - Target: Gold-rich polymetallic mineralization (Gold, Silver, Zinc, Copper). - Historic Context: The property contains the historic Sturgeon River Mine (produced 73,322 oz Au at 17.1 g/t) and Brenbar Mine. - Exploration Status: Extensive historical and modern drilling (~100km total) across a 6km by 2.5km mineralized corridor.

Read the original news release →

More from Laurion Mineral Exploration Inc.

Oct 29, 2026 · 06:45

Laurion reported a narrow high-grade intercept offset by a failed historical twin at its project.

Drill Results Sep 28, 2026 · 06:45

Laurion’s Ishkoday drill program advances A-Zone continuity amid steady capital deployment.

Drill Results Sep 23, 2026 · 06:45

LAURION Reports Multiple Gold and Polymetallic Intercepts, Including 9.90 m Grading 0.563 g/t Au and 4.55 m Grading 0.76% Cu and 12.29 g/t Ag, Including 1.70 m Grading 1.56% Cu and 24.45 g/t Ag at Ishkoday

Drill Results Sep 18, 2026 · 06:45

Laurion’s Ishkoday permitting advances on schedule with no near-term catalysts or price impact expected for the project.

Regulatory Sep 14, 2026 · 09:15

Laurion’s low-grade A-Zone infill drilling results failed to re-rate the stock, which has since forgotten its 2025 peak.

Drill Results Sep 01, 2026 · 07:05

Laurion corrects zinc grades overclaimed in previous results while awaiting assays from 116 to 124 pending holes.

Drill Results