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Leocor Gold Announces RAB Drill Program; Spring program to follow 2022 success at Baie Verte
Spring program to follow 2022 success at Baie Verte Vancouver, BC - TheNewswire - March 28, 2023 - Leocor Gold Inc. (the “Company” or “Leocor”) (CSE:LECR) (OTC:
About this update from Leocor Mining Inc.
[{"type":"text","content":"Spring program to follow 2022 success at Baie Verte Vancouver, BC - TheNewswire - March 28, 2023 - Leocor Gold Inc. (the “Company” or “Leocor”) (CSE:LECR) (OTC:LECRF) is pleased to provide an exploration update 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 the Dorset and Startek gold properties. The Central Newfoundland Gold Belt hosts such notable deposits such as Marathon Gold’s Valentine gold project (TSX:MOZ) and the Queensway gold project currently being drilled by New Found Gold (TSXV:NFG) (Figure 2). Figure 1. Regional land positions of Leocor Gold in Newfoundland. Figure 2. Gold mines and deposits of the Central Newfoundland Gold Belt. Dorset (Baie Verte District) RAB drilling will continue to test and expand on the Sharpie Ridge gold occurrence with 6-8 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 four RAB holes will be completed at Copper Creek target. Two more 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 six 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. Additional exploration efforts will include 45-line km of an UAV magnetic survey on the western edge of the Property and general prospecting and mapping (Figure 3). Exploration will commence as soon as ground conditions permit, anticipated to be late April and into May. Figure 3. Exploration targeting for the 2023 field season at Dorset. Startrek 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 focus largely on the Stallion Trend where 2022 grab samples by Leocor reported values up to 40 g/t Au with coincident arsenic and antimony in quartz stockwork veining. Integrating results from ground geophysics, and detailed soil sampling will provide viable data to potentially conduct 22 RAB holes designed to test geophysical contacts and conductive b...