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Leocor Gold Signs Definitive Agreement to Acquire District Scale Exploration Projects in Newfoundland
Adds Shawn Ryan as Technical Advisor Vancouver, British Columbia - TheNewswire - April 8, 2021 - Leocor Gold Inc. (the “Company” or “Leocor”) (CNSX:LECR.CN) (OT
About this update from Leocor Mining Inc.
[{"type":"text","content":" Adds Shawn Ryan as Technical Advisor Vancouver, British Columbia - TheNewswire - April 8, 2021 - Leocor Gold Inc. (the “Company” or “Leocor”) (CNSX:LECR.CN) (OTC:LECRF) is pleased to announce that it has entered into three option agreements (the “Hodge’s Hill Agreement”, the “Leamington Agreement”, the “Robert’s Arm Agreement” and collectively, the “Option Agreements”), each dated March 23, 2021 with Shawn Ryan and Wildwood Exploration Inc. (together, the “Optionor”), pursuant to which Leocor has the options (the “Options”) to acquire a 100% interest in 5760 mineral claims, covered by 37 licenses, over 144,000 hectares, in Newfoundland and Labrador. The three projects acquired - Hodge’s Hill, Leamington, and Robert’s Arm - represent 1,440 square kilometers of prospective exploration ground covering numerous regional geologically favorable corridors conducive to gold mineralization. The Company also wishes to announce that the project vendor, Shawn Ryan, will be joining Leocor as a Technical Advisor, specifically to plan and oversee exploration efforts on the newly acquired ground. Project Details Hodge’s Hill – 39,050 hectares Hodge’s contains major regional NE and NNW structure outlined by the regional NFLD airborne magnetics. This package presents a unique opportunity to evaluate the Hodges Hill gabbro. Gabbro’s have 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 Mining of the Stog’er Tight and Argyle showings. Recent research conducted by the Geological Survey of Canada (Open File 8658) specifically indicates how the brittle nature of the gabbro-tonalite-granodiorite body (Crippleback intrusive suite) that underlies the Wildling Lake showing and Marathon’s Valentine Lake Gold Project (3.9 Moz*), and which Hodge’s Hill is associated with, makes a highly prospective target for gold deposition. Leamington – 62,300 hectares Leamington targets an area measuring 30 km EW by 36 Km NS that hosts the prospective rocks of the Exploits Terrane, which the Newfoundland Government regional till survey showed was anomalous in gold and arsenic. The target also has close to 100 km of various regional structures running through it, with approximately 50-60 sq-km of prospective g...