Business
Leocor Gold Identifies 12 Gold Targets on the Hodges Hill Property; Follow Up Work Underway
Vancouver, British Columbia – TheNewswire - July 27, 2022 - Leocor Gold Inc. (the “Company” or “Leocor”) (CSE:LECR), (CNSX:LECR.CN), (OTC:LECRF) is pleased to a
About this update from Leocor Mining Inc.
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - July 27, 2022 - Leocor Gold Inc. (the “Company” or “Leocor”) (CSE:LECR), (CNSX:LECR.CN), (OTC:LECRF) is pleased to announce the results of 2021 exploration on the previously unexplored Hodges Hill Property within the Exploits Project, Newfoundland. The 2021 exploration program consisted of soil sampling, LiDAR surveys, and airborne magnetic-VLF surveys and identified a series of soils anomalies, up to 1081.5 ppb Au, over 12 newly identified target areas. Follow up work on the results including geologic mapping, prospecting, and grid soil sampling is underway with a purpose of identifying high priority targets for drill testing. “We’re very pleased with the progress at Hodges Hill,” said CEO, Alex Klenman. “These positive results allow us to concentrate our exploration efforts in no less than 12 defined target zones. The goal is to determine high priority drill targets and we’re well on our way to doing so. We are developing a strong gold target inventory at Hodges Hill, and we’re excited to move towards drill testing these zones,” continued Mr. Klenman. 2021 Hodge Hill Program Reconnaissance grid soils were collected across the Hodges Hill property as an initial assessment of the area. The soils were primarily collected on small grids with 25m spaced samples and 100m to 200m spaced lines, and targeted C-horizon material with individual sample depths ranging from surface/outcrop to 110cm. Assays for the samples return values from trace to 1018.5ppb Au with 25 samples returning >50 ppb Au and highlight 12 new target areas. Additional work on the project included LiDAR surveys and airborne magnetic-VLF surveys. Based on regional geology and magnetic surveys most of the anomalous targets fall within discreet magnetic lows interpreted as structures within and along the margins of large body of pyroxene gabbro. Gabrro has long been recognized as being directly associated with gold mineralization in the Baie Verte area such as Anaconda Mines Pine Cove deposit and more recently, the discovery (2014) by Anaconda of the Stog’er Tight and Argyle showings. Additionally, the Geological Survey of Canada (Open File 8658) specifically note the importance of the brittle nature gabbro-tonalite-granodiorite bodies within Marathon Gold’s Valentine Lake deposits; 124km to the SW. Follo...