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Leocor Gold Completes Phase 1 Soil Campaign at Startrek Project, Gander Area of North East Newfoundland, Canada
Vancouver, British Columbia - TheNewswire – December 8, 2021 - Leocor Gold Inc. (the “Company” or “Leocor”) (CSE:LECR) (CNSX:LECR.CN) (OTC:LECRF) (FRA:LGO) is p
About this update from Leocor Mining Inc.
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire – December 8, 2021 - Leocor Gold Inc. (the “Company” or “Leocor”) (CSE:LECR) (CNSX:LECR.CN) (OTC:LECRF) (FRA:LGO) is pleased to announce the completion of a soil sampling campaign, consisting of 2894 soils, on the Startrek Property, located near Gander, Newfoundland, Canada. This campaign forms part of a comprehensive phase one exploration program on the project which is a grassroots-stage property totaling 6,847 hectares, located 20 km east of the town of Gander in north central Newfoundland. (Leocor is earning up to 70% of the Startrek Property). The property has been historically prospected for gold and more recently, since 2014, it has been explored for its base metal - antimony (Sb) - potential. The Project contains three areas of interest, the Western, Central and Eastern Zones. More than 50 gold occurrences have been discovered on the property through previous trenching and grab samples. The Western Zone features gold mineralization over a strike length of 2km, with grab samples** up to 3.5 grams-per-tonne (“g/t”) gold (“Au”) and averaging 437 ppb Au, in quartz stock work, with veins featuring epithermal features, arsenopyrite and some stibnite. The Eastern Zone has been traced for 2km and displays characteristics of hydrothermal alteration, with solidification, albite, and tourmaline. Assays range from 12 ppb to 3.5 ppb Au and average 96 ppb Au. The Central Zone has seen trenching by Rubicon Minerals, which focused on gold showings in epithermal veining, and which produced highly anomalous values of gold, arsenic and antimony, and sampling by White Metal which produced grab samples** up to 41 g/t Au. The average of grabs and channels in the zone is 300 ppb Au. Leocor is working with GroundTruth Exploration on the program which will unify the licences with a common soil database and holistically define what we expect to be a significant mineralized footprint. The GroundTruth method breaks down the exploration process into phases, typically defined as follows: Phase 1) Soils 100 m line separation and 25 m sampling separation Aeromagnetic and VLF survey Lidar Survey Ground Magnetic survey Phase 2) GT Probe Drilling (around areas of interest constituting potential targets) Induced Polarization across potential drill ta...