The ELG is the Belgian proof mark. Laminated steel is the old steel, many times called "Damascus", and when used with black powder loads (as it sounds like it might have been), can have corrosion in the barrels making modern use VERY iffy. There will be some who say never shoot a Damascus-barreled gun under any circumstances, and that is just not so. It DOES mean, however, that a trip to gunsmith WHO IS PROFICIENT in examining old guns like this is in order. If there is ANY doubt, it becomes a wall-hanger, even in 410.
If after being given an OK by said smith, use lower-powered loads, not any 3" specials.
Pics are always nice and helpful as well.......