Highlights

Unlocking Potential: Advancing the Ishkõday Project with Strategic Focus and Geological Precision

LAURION Mineral Exploration Inc. places significant emphasis on the advancement of its flagship venture, the Ishkõday Project. This wholly owned, 57.43 km² property is situated 220 km northeast of Thunder Bay and 28 km northeast of Beardmore, in the region of Greenstone, encompassing portions of the Elmhirst, Walters, Pifher, Irwin, and Summer Townships. The project benefits from year-round accessibility and proximity to essential infrastructure, including electricity and water, which help minimize exploration costs substantially, and supports operational efficiency.

The Ishkõday Project hosts numerous occurrences of gold and base metal mineralization and boasts a rich history, including the former Sturgeon River Mine, which operated between 1936 and 1942. During its operational period, the mine produced 73,322 ounces of gold and 15,929 ounces of silver from approximately 145,123 tonnes of ore at an average grade of 17 g/t gold. The gold mineralization was primarily associated with quartz veins, pyrite, and fractures within altered wall rocks of pyrite-chlorite-sericite. The mine’s historical workings reached a depth of 685 meters, surpassing the current drill-tested depths of 200 meters, highlighting the significant untapped exploration potential at greater depths.

Adjacent to Ishkõday lies the Brenbar Property, acquired by LAURION in 2020. This property, located west of the Ishkõday Project, hosts the historical Brenbar Mine. While specific production data from Brenbar remains unavailable, its geology suggests potential continuity of gold mineralization along the same structural trends associated with the Sturgeon River Mine, making it a highly prospective addition to LAURION’s portfolio.

Comprehensive Database and Exploration

LAURION’s exploration efforts are supported by an extensive database of 445 diamond drill holes totaling 90,009 metres, complemented by a wide range of geophysical datasets, including magnetics, electromagnetics, IP, and LiDAR surveys. In addition, LAURION has conducted geological mapping, trenching, and channel sampling, which include multi-element analyses across numerous mineralized zones. These efforts have helped delineate the 6 km by 2.5 km mineralized corridor, characterized by gold, polymetallic base metals, and silver +/- gold mineralization.

Geological Insights and Mineralizing Events

Detailed geological studies by LAURION geologists have identified two distinct mineralizing events at Ishkoday, separated by 40 million years but exploiting the same structural domain. These events include:

1. Epithermal-Polymetallic Phase: Associated with base metal and silver mineralization.
2. Mesothermal (Orogenic) Phase: Gold-rich mineralization resulting from deep-seated structural activity.

This dual-event understanding has prompted a comprehensive re-evaluation of the Ishkoday Project’s potential, focusing on identifying areas with concentrated, well-mineralized veins and associated zones. Priority is given to gold exploration, followed by base metal targets, reflecting the Corporation’s strategic focus on maximizing the property’s value.

Strategic Position and Opportunities

In addition to exploration, LAURION actively evaluates strategic opportunities that align with its growth objectives. The Corporation’s successful advancement of the Ishkoday Project has positioned it as an attractive target for potential acquirers or partners. LAURION’s Board remains vigilant in identifying and pursuing transactional opportunities while continuing to meet exploration milestones. Any material changes will be communicated transparently to stakeholders.

Conclusion

With its flagship Ishkoday Project located in the southern portion of the Onaman-Tashota Greenstone Belt, LAURION holds a highly prospective land package rich in geological potential. Supported by an advanced understanding of the property’s structural and mineralizing systems, LAURION is focused on unlocking significant value for its shareholders through disciplined exploration and strategic foresight.

Further details of the blocks held within the Ishkoday Project area are summarized below.