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Leocor Gold Commences District-Scale Exploration in Newfoundland
VANCOUVER, BC – TheNewswire - June 2, 2021 — Leocor Gold Inc. (CSE:LECR) (CNSX:LECR.CN) (OTC:LECRF) (FRA:LGO) (“Leocor” or the “Company”), a rapidly growing res
About this update from Leocor Mining Inc.
[{"type":"text","content":"VANCOUVER, BC – TheNewswire - June 2, 2021 — Leocor Gold Inc. (CSE:LECR) (CNSX:LECR.CN) (OTC:LECRF) (FRA:LGO) (“Leocor” or the “Company”), a rapidly growing resource exploration & development company is pleased to announce the engagement of GroundTruth Exploration Inc. (“GroundTruth”) to undertake a series of progressive exploration programs at its district-scale Newfoundland-based gold projects. The province of Newfoundland has become a hotspot for mineral exploration companies and investors looking for precious metals’ exposure. GroundTruth Exploration has been providing full-service exploration services across Canada and Alaska since 2010. Their Drones to Drills™ method has led to the discovery of hundreds of millions of ounces of gold and the subsequent development of major projects in the Yukon’s White Gold District and the Kingsway project in Newfoundland, among many others. The highly experienced GroundTruth team is led by legendary Canadian prospector Shawn Ryan who has developed a uniquely successful data-driven approach to exploration. GroundTruth systematically progresses a target from initial identification through the collection of geological, geochemical, and geophysical data to maximize the probability of success through a well thought out, logical series of programs. With Leocor, detailed soil sampling grids will be established across the most important regional structures identified through geological mapping and/or airborne geophysical surveys. Deeper C-horizon soil samples are targeted for collection as they consistently identify geochemically anomalous areas missed by samples targeting other soil horizons. These surveys will commence upon the receipt of Phase 1 permits anticipated within the next 2 weeks. Geochemical anomalies will be further analyzed though additional geochemical or geophysical surveys to further focus target identification. Detailed IP/Resistivity surveys will aid in the identification of structural features that may be prospective for mineralization. Close spaced sampling using the GTProbe, a GroundTruth proprietary item which is capable of collecting deep soils (2-3m) or bedrock interface samples particularly in areas surrounding bogs and other problematic surficial features, provides initial rock samples which will be sent for analysis. Soil fines (particles finer than a ...