Ishkoday Project Promising Field Exploration Program

TORONTO - Laurion Mineral Exploration Inc. reported ts Summer 2024 field exploration program at the Corporation’s Ishkõday Project, located 220 km northeast of Thunder Bay, Ontario.

Cynthia Le Sueur-Aquin, President and CEO, said, “We are incredibly pleased with the progress and results from our Summer 2024 exploration program. The high-grade gold and some copper values we have encountered, particularly within the channel samples, yielded up to 24.9 g/t Au and 37.7 g/t Ag across 0.65 m, along with grab samples yielding values up to 73.2 g/t Au and 132.0 g/t Ag. These assay results are a testament to the mineral potential of the Ishkõday Project. The LAURION team’s meticulous approach to exploration, including trenching, power washing, and detailed mapping, has returned exactly the kind of results we had anticipated, and these findings provide us with a good foundation for the next phase of our work. LAURION remains committed to realizing the full potential of the Ishkõday Project, and we believe that the results bring us one step closer to achieving that vision.”

The Ziibi Zone, situated 1.8 km north of the Namewaminikan River and east of Highway 801, lies to the northeast of the Sturgeon River Mine. The program on the Ziibi Zone involved trenching, power washing, and channel sampling, followed by detailed geological mapping. These efforts are designed to further delineate the mineralization potential of this new exploration zone and to enhance the overall understanding of the area's structural geology.

After completing the channel sampling at the Ziibi Zone, the exploration team turned their attention to the 85A and 85M veins which were delineated during the 2023 summer field season. This next phase involved excavation, power washing, and further channel sampling in these promising areas. The 85M2 and 85M3 zones are located approximately 540 m and 380 m northwest of the Sturgeon River Mine, respectively. The 85M2 and 85M3 zones are characterized by a complex network of parallel quartz veins and shears, within the altered felsic volcanic host rock.

Acquired in 2023, the Twin Falls property spans 10.46 km², hosts several orogenic gold occurrences and is of great interest to LAURION. The Twin Falls property is situated approximately 7 km west of the Sturgeon River Mine and is contiguous with the Ishkõday Project. The geological setting at Twin Falls is characterized by Archean intermediate to felsic metavolcanic rocks. Many of the gold occurrences are stock-related, often found at the margins of intrusive igneous bodies, including granite and granodiorite. Locally, the claim group is underlain by feldspar and quartz-feldspar porphyry, as well as medium to coarse felsic volcanic breccia (agglomerate). The Corporation completed an initial prospecting program on the Twin Falls property this summer.