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Leading Edge Materials Enlarges Extent of Nickel and Cobalt in Historic Galleries and Executes Trenches
Extensive cobalt and nickel newly identified in upper level gallery Surface trench excavation commenced ahead of schedule due to mild winter conditions Vancouve
About this update from Leading Edge Materials Corp.
[{"type":"text","content":" Extensive cobalt and nickel newly identified in upper level gallery Surface trench excavation commenced ahead of schedule due to mild winter conditions Vancouver, March 1, 2023 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) (FRA: 7FL) is pleased to announce that it identified extensive Co-Ni-mineralization 50 metres above the previously reported Gallery 7 at its Bihor Sud project in the Apuseni Mountains of central-western Romania. Eric Krafft, Interim CEO of the Company states: “We are extremely pleased by the ongoing findings of Co-Ni-mineralization in the two galleries we have re-opened to date. The lateral and vertical extension of the mineralization indicates that we are potentially encountering sizeable systems with good potential. INSEMEX safety inspectors report notes the very good state of both G4 and G7, and following the installation of ventilation, our local geology team will be able to map and sample the mineralized zones.” Figure 1: License overview map showing the principal gallery locations; those recently reopened are highlighted in black (G2, G4, G7). G4 lies topographically 50 m above G7, and the cross-cut driven towards G7 (shown in green) intersects the Co-Ni-mineralized system at a 50 m higher level than previously identified in G7. G4 is developed in base metal mineralization, featuring zones of Cu-Zn-Pb-Ag, which will also be subject to investigation. Following completion of the INSEMEX gallery safety inspection for G4 (Fig. 1) and a preliminary review of its geological features, a cross-cut towards G7 was identified. The cross-cut was developed about 30 years ago to explore the potential extent of the mineralized system encountered in G7. The cross-cut and G4 are situated at a 50 meters higher level with reference to G7, and connected via a raise. G4 is approximately 700 meters laterally from G7. These geological findings demonstrate the vertical and lateral extent of the Co-Ni zone. G4 was driven into a Cu-Zn-Pb-Ag mineralized zone featuring high grade-veins, and initial investigation has supported this (Fig 2). The Company is currently installing a ventilation system in order to ensure fresh air flow is established, so that mapping and channel sampling will be executed to outline the full extent of exposed Co-Ni mineral...