Business
Leocor Plans Initial Exploration Program at The Dorset Gold Project, Newfoundland, Canada
Vancouver, British Columbia - TheNewswire - July 14, 2020 - Leocor Ventures Inc. (the "Company" or "Leocor") is Leocor Ventures Inc. (the "Company" or "Leocor")
About this update from Leocor Mining Inc.
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - July 14, 2020 - Leocor Ventures Inc. (the \"Company\" or \"Leocor\") is Leocor Ventures Inc. (the \"Company\" or \"Leocor\") (CSE:LECR) (CNSX:LECR.CN) is pleased to announce plans are underway to launch a phase one exploration program at the Dorset Gold Project, located in north central Newfoundland, Canada. Phase one exploration, which will concentrate in and around known quartz veins with strong historical gold values, will consist of relocation and verification of previously identified showings, sampling and trenching of specified target zones, and ground reconnaissance to locate additional areas of interest. Groundwork will be supervised by consulting local geologist, Wilson Jacobs. Specific attention will be focused on the main Dorset showings. Phase one exploration work will be focused on identifying priority areas for drill testing. The Dorset #1 vein is comprised of two narrow, discontinuous quartz veins, trenched for 60m along strike. The western vein varies from 2 to 15cms in width and contains visible gold, pyrite and galena. Grab samples collected from this vein assayed up to 409 grams-per-tonne (\"g/t\") gold (\"Au\") and channel samples of 177 g/t Au over 0.35m; 56 g/t Au over 2.5m, and 41.6 g/t Au over 1.5m (Noranda assessment reports). The Dorset #2 vein system is located 37m west of the Dorset #1 vein. It is the most significant of the veins and has been trenched and tested by diamond drilling over a strike length of 110 m. Further trenching and limited diamond drilling have indicated a minimum strike length of 400m and may extend up to 900m (Dorset Extension). Mineralization comprises visible gold, pyrite, galena, chalcopyrite, bornite and minor sphalerite and arsenopyrite. Diamond drilling has confirmed the presence of high-grade gold grades. \"We're eager to begin working at Dorset,\" said CEO, Alex Klenman. \"We feel there is a lot of value to been unlocked there. Dorset's historical numbers are strong. There are a lot of mineralized zones that need more exploration. This is the time to do it. We're going to get boots on the ground and get the work done with an eye on defining an inventory of drill targets,\" continued Mr. Klenman. The Company will provide updates on timelines, exploration approvals, and other relevant matters in the coming weeks. About the Dorset ...