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
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.
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.
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.