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Leocor Gold Announces $1.2 Million Exploration Plan for Newfoundland Gold Projects
Vancouver, British Columbia – TheNewswire - May 18, 2023 - Leocor Gold Inc. (the “Company” or “Leocor”) (CSE:LECR), (OTC:LECRF) is pleased to announce a $1.2 mi
About this update from Leocor Mining Inc.
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - May 18, 2023 - Leocor Gold Inc. (the “Company” or “Leocor”) (CSE:LECR), (OTC:LECRF) is pleased to announce a $1.2 million exploration plan for its gold projects located in Newfoundland, Canada (Figure 1). With over 150,000 hectares within the Central Newfoundland Gold Belt, targeting and exploration plans have been finalized for all three district-area claim groups. The budget includes soil sampling, ground geophysics, prospecting and RAB drilling. RAB drilling, an effective a heli-portable, wireless remote-controlled drill rig with 100m depth potential will account for 33% of the budget. Figure 1. Regional land positions of Leocor Gold in Newfoundland. “We are pleased to be able commit this level of exploration towards our Newfoundland assets,” said CEO, Alex Klenman. “We have carefully planned a very systematic approach and our technical team has provided the expertise to efficiently and cost effectively advance these projects. The amount of RAB drilling within the budget is a testament to our aggressive approach towards diamond drilling and a discovery,” continued Mr. Klenman. Dorset (Baie Verte District) RAB drilling will continue to test and expand on the Sharpie Ridge gold occurrence with 7 RAB holes where in late 2022 RAB holes returned 2.32 g/t Au over 10.67 m and 10.2 g/t Au over 1.52m. An additional 2 RAB holes will be completed at Copper Creek target where in 2022 a RAB hole returned 0.58% % Cu over 9.12m which includes 1.095% Cu over 1.52m. Two RAB holes will be completed at the Dorset Gunshot/Braz occurrence where in 2022 RAB drilling returned 3.18 g/t Au over 4.57 m. An additional 7 RAB holes will target the Dorset Trend where a large 1 x 2 km gold-in-soil anomaly was outlined by 2022 soil sampling efforts (Figure 2). The extensive gold-in-soil anomaly is “one of the most clustered and anomalous he has seen” says Leocor Technical Advisor and renown gold occurrence and deposit finder, Shawn Ryan. Figure 2. Exploration targeting for the 2023 field season at Dorset. Startrek (Gander District) The Startrek Property contains 50+ gold occurrences through previous trenching and grab samples. Several areas of epithermal gold mineralization have been identified on surface from 2022 rock sampling and historical data. The proposed 2023 field season will...