Advancing a Large-Scale Gold-Polymetallic Target
LAURION’s Ishkõday Project is focused on validating the existence of a large, near-surface gold-polymetallic system across a mineralized corridor measuring 6 km by 2.5 km. The Corporation aims to advance this flagship project through systematic exploration, with a long-term vision to transition the project toward development. The mineralization includes repetitive stacked and multi-directional gold- and zinc-rich sulphides, hosted in lenses, veins, and vein stockworks visible at surface. Northerly trending veins are gold-silver-quartz-rich, while NE-trending veins carry gold, silver, zinc, and copper. Together, these features present a compelling case for a high-grade polymetallic system with both bulk and selective vein development potential.
Significant Historical Production and Mineral Potential
The Ishkõday Project encompasses the Quebec Sturgeon River Mine, which operated between 1936 and 1942 and produced 73,322 ounces of gold and 15,929 ounces of silver from narrow quartz veins averaging 24 g/t Au. Mining was conducted from two shafts, with one reaching a depth of -685 metres and lateral development.
The mine's historical operations also generated two stockpiles:
These stockpiles are benign and non-acid-generating, providing further exploration and reclamation opportunities. Additionally, the mineralization remains open at depth and along strike, offering significant upside for resource expansion.
Modern Exploration Successes
To date, the Ishkõday Project boasts a comprehensive property-wide database of 445 diamond drill holes totaling 90,009 metres, supported by geological mapping, trenching, geochemical analysis, and integrated geophysical surveys, including IP, LiDAR, and magnetics. LAURION’s exploration efforts have delineated new mineralized trends, including the A-Zone, McLeod Zone, and Niish Zone, highlighting the continuity between gold-bearing quartz veins and base metal-rich zones.
Strategic Location and Infrastructure
Located in the Thunder Bay Mining Division across the townships of Irwin, Pifher, Walters, Elmhirst and Summers, the Ishkõday Project spans a 57.43 km² land package. The project benefits from year-round access, proximity to electricity and water, and established infrastructure, contributing to cost-efficient exploration and development.
Commitment to ESG and First Nations Partnerships
LAURION is deeply committed to environmental, social, and governance (ESG) principles, integrating sustainable practices into every aspect of its operations. The Corporation actively engages with First Nations communities through open dialogue and collaboration, ensuring respect for Indigenous values in its exploration plans. All necessary permits under Ontario’s Mining Act have been secured, reflecting LAURION’s commitment to compliance and responsible development.
Clean Slate for Development
Despite a long history of mining, the Ishkõday Project is free of environmental liabilities that could impact future development. Historic features such as shafts, waste rock, and tailings are benign, providing an environmentally sound foundation for continued exploration and potential resource extraction.
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Laurion Mineral Exploration Inc.
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