LAURION Unlocks High-Grade Gold up to 16.00 g/t in West Vein Systems of the Sturgeon River Mine Area

LAURION Unlocks High-Grade Gold up to 16.00 g/t in West Vein Systems of the Sturgeon River Mine Area

(TheNewswire)

Toronto, Ontario September 23, 2025 TheNewswire - Laurion Mineral Exploration Inc. (TSX.V: LME | OTC: LMEFF) ("LAURION" or the "Corporation") is pleased to announce encouraging results from the second set of assay results from its ongoing 7,700-metre 2025 drill exploration program at the 100%-owned Ishkoday Project, located 220 km northeast of Thunder Bay in Greenstone, Ontario. To date, approximately 93% of the previously-announced drill program has been completed. The first three drill results were announced in the Corporation's press release dated August 19, 2025, which targeted the high-grade gold-bearing vein systems of the Sturgeon River Mine area. Reference is also made to the Corporation's press releases dated September 5, 2025, May 27, 2025 and May 8, 2025.

The results reported below are part of a second drilling phase designed to evaluate new potential zones to the west of the Sturgeon River Mine area and included the M24 and M25 vein systems . The drill holes also tested the continuity of the M1 vein series and associated structural corridors between the Sturgeon River Mine and Brenbar Mine areas.

Drill holes LME25-058 and LME25-059 were collared 90 m east and 102 m west of the previously reported LME24-049 hole ( see the Corporation's press release dated December 11, 2024 ).

Highlights

Drill Hole LME25-059 (102 m west of LME24-049)

  • 0.50 m grading 16.00 g/t Au and 8.20 g/t Ag from 275.30 m.

  • 0.50 m grading 9.79 g/t Au and 4.80 g/t Ag from 271.75 m.

  • 0.50 m grading 4.01 g/t Au and 1.30 g/t Ag from 396.70 m.

  • 0.80 m grading 1.01 g/t Au and 2.60 g/t Ag from 332.00 m.

  • 1.10 m grading 0.96 g/t Au and 0.73 g/t Ag , including 0.50 m grading 1.94 g/t Au from 382.90 m.

Drill Hole LME25-058 (90 m east of LME24-049)

  • 0.75 m grading 3.13 g/t Au and 23.90 g/t Ag from 189.25 m.

  • 2.00 m grading 1.81 g/t Au and 1.90 g/t Ag with 0.19% Cu from 205.00 m, including:

  • 0.50 m grading 4.61 g/t Au from 205.00 m; and

  • 0.60 m grading 1.33 g/t Au, 5.30 g/t Ag and 0.64% Cu from 206.40 m.

  • 1.00 m grading 1.92 g/t Au from 239.00 m.

  • Additional anomalous mineralization intersected across multiple vein sets, including 7.00 m grading 0.29 g/t Au from 105.00 m.

Exploration Significance

  • Both holes (i.e. LME25-058 and LME25-059) confirm the presence of multiple narrow, high-grade gold intercepts within broader mineralized envelopes.

  • LME25-058 tested the M1, M21, M24 and M25 vein systems , demonstrating the polymetallic character of the system with a few Cu intercepts.

  • LME25-059 intersected multiple high-grade gold intercepts , validating continuity along strike from LME24-049, which previously returned 3.50 m grading 2.08 g/t Au, including 1.00 m at 6.60 g/t Au . These results reinforce the potential for stacked high-grade veins within a structurally controlled corridor extending northeast from the historic Sturgeon River Mine.

Management Commentary

Cynthia Le Sueur-Aquin, President and CEO of LAURION, commented: " With over 93% of the 2025 drill program completed, the results from LME25-058 and LME25-059 continue to highlight Ishkõday's robust exploration potential. High-grade gold and silver intercepts, combined with broader envelopes of anomalous mineralization, demonstrate both scale and grade potential within the M-series veins. These results support our evolving 3D model and the project's capacity to host multiple mineralized zones ."

Next Steps

Drilling continues to focus on expanding mineralization within the M-series veins and testing additional strike extensions northeast of the Sturgeon River Mine shaft. Results from the remaining drill holes will be released as they become available.

Hole ID

From (m)

To (m)

Core Length (m)

Au (g/t)

LME25-058

36.70

37.70

1.00

0.51

LME25-058

44.00

46.50

2.50

0.38

LME25-058

55.00

56.50

1.50

0.25

LME25-058

84.50

86.00

1.50

0.44

LME25-058

91.50

92.50

1.00

0.64

LME25-058

105.00

112.00

7.00

0.29

Including

107.50

112.00

4.50

0.40

Including

107.50

108.50

1.00

0.70

LME25-058

122.50

124.00

1.50

0.31

LME25-058

157.00

157.75

0.75

0.72

LME25-058

164.50

165.00

0.50

0.65

LME25-058

189.25

192.90

3.65

0.86

Including

189.25

191.00

1.75

1.42

Including

189.25

190.00

0.75

3.13

LME25-058

201.00

201.50

0.50

0.63

LME25-058

202.00

203.00

1.00

0.33

LME25-058

205.00

207.00

2.00

1.81

Including

205.00

205.50

0.50

4.61

Including

206.40

207.00

0.60

1.33

LME25-058

239.00

240.00

1.00

1.92

LME25-058

419.00

420.50

1.50

0.34

Hole ID

From (m)

To (m)

Core Length (m)

Au (g/t)

LME25-059

70.90

71.90

1.00

0.38

LME25-059

162.00

163.10

1.10

0.30

LME25-059

265.00

267.30

2.30

0.40

Including

266.80

267.30

0.50

1.36

LME25-059

271.75

272.25

0.50

9.79

LME25-059

275.30

275.80

0.50

16.00

LME25-059

321.80

322.30

0.50

1.60

LME25-059

332.00

332.80

0.80

1.01

LME25-059

382.90

384.00

1.10

0.96

Including

382.90

383.40

0.50

1.94

LME25-059

396.70

397.20

0.50

4.01

The drill holes were started from the locations and orientation provided in the table below.

The interval widths reported are down-hole widths. The true widths of the mineralized zones are not known at this time as there is insufficient information to determine the orientation of the mineralization.

Drill Hole ID.

Easting

Northing

Azimuth

Dip

Planned (m)

Actual (m)

Core Size

LME25-058

443679

5510873

320

-50

500

503

NQ

LME25-059

443537

5510784

315

-50

500

456

NQ

Assay Turnaround Update

The Corporation wishes to advise shareholders that assay l aboratories across the industry are currently experiencing significantly increased sample volumes. As a result, the turnaround time for assay results has extended to approximately eight (8) weeks from the date of sample delivery. LAURION continues to work closely with its laboratory partners and will report results promptly upon receipt and validation.

Sampling and QA/QC Protocols

All drill core is transported and stored inside the core facility located at the Ishkõday Project in Greenstone, Ontario. LAURION employs an industry standard system of external standards, blanks and duplicates for all of its sampling, in addition to the QA/QC protocol employed by the laboratory. After logging, core samples were identified and then cut in half along core axis in the same building and then zip tied individually in plastic sample bags with a bar code. Approximately five or six of these individual bags were then stacked into a "rice" white material bag and stored on a skid for final shipment to the laboratory. All core samples were shipped to the ALS facility in Thunder Bay, Ontario, which were then prepared by ALS Global Geochemistry in Thunder Bay and analyzed by ALS Global Analytical Lab in North Vancouver, British Columbia. Samples are processed by 4-acid digestion and analyzed by fire assay on 50 g pulps and ICP-AES (InductivelyCoupledPlasma – AtomicElement-Spectroscopy). Over limit analyses are reprocessed with gravimetric finish. A total of 5% blanks and 5% standard are inserted randomly within all samples. 5% of the best assay result pulps were sent for re-assays. All QAQC were verified, and no contamination or bias have been observed. The remaining half of the core, as well as the unsampled core, is stored in temporary core racks at the core logging facility in Beardmore and moved to the core storage facility at the Ishkõday Project.

Qualified Person

The technical contents of this release were reviewed and approved by Jean-Philippe Paiement, P.Geo., MSc , a consultant to LAURION and a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects .

About Laurion Mineral Exploration Inc.

The Corporation is a mid-stage junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 274,097,283 outstanding shares, of which approximately 73.6% are owned and controlled by insiders who are eligible investors under the "Friends and Family" categories.

LAURION's emphasis is on the exploration and development of its flagship project, the 100% owned mid-stage 57 km2 Ishkõday Project, and its gold-rich polymetallic mineralization. LAURION's chief priority remains maximizing shareholder value. A large portion of the Corporation's focus in this regard falls within the scope of its mineral exploration activities and more specifically, advancing the Ishkõday Project. A consequence of LAURION's success and advancement over the past several years is that the Corporation has become positioned as an acquisition target for appropriate potential acquirors. Accordingly, the Corporation's Board of Directors is aware that possible strategic alternatives and transactional opportunities may arise and/or could be procured in the short or medium terms. The Corporation will promptly issue a press release if any material change occurs.

Laurion Mineral Exploration Inc .

Cynthia Le Sueur-Aquin – President and CEO

Tel: 1-705-788-9186 Fax: 1-705-805-9256

Douglas Vass - Investor Relations Consultant

Email: info@laurion.ca

Website: http://www.LAURION.ca

Follow us on: X (@LAURION_LME), Instagram (laurionmineral) and LinkedIn ( )

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events including with respect to LAURION's business, operations and condition, management's objectives, strategies, beliefs and intentions, the Corporation's ability to advance the Ishkõday Project, the nature, focus, timing and potential results of the Corporation's exploration, drilling and prospecting activities in 2025 and beyond, including the Corporation's diamond drill program described in this press release and the Corporation's other planned activities for the Ishkõday Project for the remainder of 2025, and the statements regarding the Corporation's exploration or consideration of any possible strategic alternatives and transactional opportunities (including, without limitation, the Corporation's engagement of third party advisors to explore any such potential alternatives and opportunities), as well as the potential outcome(s) of this process, the possible impact of any potential transactions referenced herein on the Corporation or any of its stakeholders, and the ability of the Corporation to identify and complete any potential acquisitions, mergers, financings or other transactions referenced herein, and the timing of any such transactions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the TSX Venture Exchange or any other applicable regulator not providing its approval for any strategic alternatives or transactional opportunities, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation's publicly filed documents. Investors should consult the Corporation's ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation's public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements. All sample values are from grab samples and channel samples, which by their nature, are not necessarily representative of overall grades of mineralized areas. Readers are cautioned to not place undue reliance on the assay values reported in this press release.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Copyright (c) 2025 TheNewswire - All rights reserved.

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Laurion Mineral Exploration

Laurion Mineral Exploration

Overview

Laurion Mineral Exploration (TSXV:LME, OTCPINK: LMEFF) is an exploration and development company solely focused on the Ishkoday gold project located in Ontario. The company’s flagship ‘brownfield’ Ishkoday gold-polymetallic project is located 220 kilometers northeast of Thunder Bay, Ontario. The 47-square kilometer Ishkoday project is wholly-owned by Laurion Mineral Exploration, which acquired the property in 2007.

Laurion Mineral Exploration’ Ishkoday project is the home of two past-producing shafts, Sturgeon River and Brenbar, which returned grades of 17.0 g/t gold and 20.0 g/t gold respectively. The Quebec Sturgeon River gold mine has produced 73,322 ounces of gold and 15,929 ounces of silver to date. Acquired in December of 2019, the Brenbar project encompasses 2.55 square kilometers of land contiguous with the Ishkoday project. The property hosts the past-producing Brenbar mine which generated 135 tonnes between 1941 and 1949.

The Ishkoday property also contains a considerable stockpile of surface material. According to a 2013 NI 43-101 Technical Report, the stockpile is estimated to contain a total of 281,571 tonnes grading at 1.14 g/t gold for a total of 10,327 contained ounces of gold. Moving forward, Laurion Mineral Exploration intends to monetize the stockpile as it continues to explore the property.

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Developing Ontario's Ishkoday Gold Project

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/ THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES . /

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Ms. Matthews is a highly accomplished executive leader with more than two decades of experience delivering significant and capital-intensive projects in the resources and infrastructure sectors. She has held leadership roles in the execution of BHP's US$3.8 billion South Flank Project and Iluka's A$1.8 billion Eneabba Rare Earths Refinery, Australia's first fully integrated rare earths refinery. She brings extensive expertise in governance, stakeholder alignment, cost optimization and regulatory engagement, alongside her proven record of aligning large scale projects with both commercial and government priorities.

Mr. George is an experienced senior executive with a global background spanning all phases of project execution across mining, energy and infrastructure. His past experience includes major projects with WSP, Fortescue, Mineral Resources, Thyssenkrupp and Ausenco, working with leading companies such as Vale, BHP and Hancock Prospecting. His track record includes copper and lithium concentrators, iron ore and coal export facilities, as well as emerging technology projects in hydrogen and green iron. His technical breadth and expertise in rapid project delivery, capital efficiency and large-scale project execution provide Locksley with the operational discipline and agility required to advance the Desert Antimony Mine project on an accelerated schedule.

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Locksley Resources ( https://www.locksleyresources.com.au ) is an Australian-based explorer focused on critical minerals and base metals, with assets in both the U.S. and Australia . The company is actively advancing its U.S. Asset, the Mojave Project, in California , targeting rare earths elements (REE) and antimony (The Desert Antimony Mine). The company also has a strategic collaboration with Rice University to develop DeepSolvâ„¢ for domestic processing of North American antimony. This agreement is a cornerstone of Locksley's U.S. Critical Minerals and Energy Resilience Strategy to accelerate "mine-to-market" deployment of antimony in the U.S.

Contact: Beverly Jedynak , beverly.jedynak@viriathus.com , 312-943-1123; 773-350-5793 (cell)

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/locksley-names-industry-veterans-ceo-and-coo-to-fast-track-its-us-mine-to-market-effort-302566544.html

SOURCE Locksley Resources

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1911 Gold Commences Underground Drill Program at True North Gold Project

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1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB,OTC:AUMBF; OTCQB: AUMBF; FRA: 2KY) is pleased to announce that it has entered the next phase of advanced exploration, with the commencement of the Company's first underground drill program at the Company's wholly-owned operational and fully permitted True North Gold Project, located in Manitoba .

Highlights

  • The first underground drill rig has been mobilized to Level 16, approximately 695 metres ('m") below surface, to commence exploration drilling on the San Antonio Southeast ("SAM SE"), San Antonio West ("SAM W") and new Shore exploration targets.
  • Underground drilling will be expanded to include testing the extensions of the current resource and completing infill drilling to upgrade zones identified for development in the Preliminary Economic Assessment ("PEA") currently underway.
  • The current underground drilling plan is comprised of approximately 25,000 m in 122 holes.
  • A total of 20,342 m of surface exploration drilling in 71 holes has now been completed, primarily on the SAM W and SAM SE targets
  • The assay results from 11 surface drill holes at SAM SE and SAM W, totalling 5,368 m , drilling down to depths of approximately 550 m , are pending.

"Commencing underground drilling is a pivotal step in advancing the redevelopment of the True North Gold Mine," stated Shaun Heinrichs , President & CEO of 1911 Gold. "This program is designed to rapidly expand our current resource, extend the depth extensions of recent new surface discoveries that can meaningfully enhance the scale of our operations, and delineate two trial test mining areas. With strong community support and a fully permitted mill on site, we are excited to advance towards our next phase of growth."

The underground drill program marks a significant milestone as the Company advances its strategy to restart underground mining operations and build upon its existing permitted infrastructure and resource base. The focus of the current campaign will be on testing the resource size potential of newly identified drill targets, including SAM W and SAM SE (two recent discoveries located adjacent to the existing underground infrastructure and drill-tested from surface to depths of approximately 550 m ). The program will also target: potential mineral resource expansion through step-out drilling around the current resource; delineation drilling on two significant targets in preparation for trial test mining in 2026 on Level 16; and commence resource infill and upgrade drilling on areas identified for early production in the pending PEA. The underground drill program will initially utilize two (2) drill rigs, with additional rigs planned as access to new areas is established.

Program Description

The Company plans to complete approximately 25,000 metres of underground drilling in 122 drill holes over the next nine months.

Exploration Drilling

Drilling will test the down-dip extension of the SAM SE target, discovered during the surface drilling program, and the emerging Shore target (located directly southeast of SAM SE), hosted within the SAM gabbro unit at the intersection with the 007 shear zone. The 007 mine, which operated from 2010 through 2015, arose from the intersection of the 007 share zone and the shoreline basalt unit to the northeast of the SAM gabbro unit. A total of approximately 10,000 m in 24 drill holes is planned, from Level 16 and the lower portion of the L13 area within the Hinge decline once the Company regains access to that area. Rehabilitation of Level 6 is underway to facilitate drill access to test the down-dip extensions of the SAM W target.

Resource Expansion Drilling

Resource expansion drilling will focus on four (4) mineralized veins hosted within the 710-711, L10, 007 and Hinge zones, which can be drilled from the existing infrastructure on Level 16. The target areas are adjacent to known high-grade zones, which have demonstrated strong potential for resource expansion. Step-out drilling will test up and down-plunge extensions outside the current mineral resource. Approximately 6,000 m in 18 drill holes are planned for the initial resource expansion program.

Test Mining – Delineation Drilling

In preparation for a large test mining program in mid-2026, the Company will also complete approximately 9,000 m in 80 drill holes of delineation drilling. This drilling will focus on upgrading the resource to the measured category for two selected areas, which are accessible from Level 16 for both drilling and bulk sampling activities. The two areas designated within the mineral resource block model are hosted within the Hinge Zone (Vein 800 and 820) and the L10 Zone (Vein 1020 and 1040).

Qualified Person Statement

The scientific and technical information in this news release has been reviewed and approved by Mr. Michele Della Libera , P.Geo, Vice-President Exploration of 1911 Gold, who is a "Qualified Person" as defined under NI 43-101.

About 1911 Gold Corporation

1911 Gold is a junior gold developer with a highly prospective, consolidated land package totalling more than 61,647 hectares, situated within and adjacent to the Archean Rice Lake greenstone belt in Manitoba . The Company also owns the True North mine and mill complex at Bissett, Manitoba , providing a fully permitted infrastructure hub to support future development. 1911 Gold believes its land package represents a prime opportunity to build a new mining district centred on the True North complex.

In addition, the Company holds the Apex project near Snow Lake, Manitoba , and the Denton-Keefer project near Timmins, Ontario , and remains focused on advancing organic growth while pursuing accretive acquisition opportunities across North America .

1911 Gold's True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
President and CEO

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward-looking information and statements, collectively ("forward-looking statements"), within the meaning of applicable Canadian securities legislation. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, predictions, projections, forecasts, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about exploration plans and the timing and results thereof, as well as statements relating to the plans and timing for the potential mining operations at the True North Gold Project, including test mining and the benefits therefrom, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE 1911 Gold Corporation

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