Business
Leopard Lake Gold Announces Acquisition of Stella Property; Appointment of Eric Allard as Director
Vancouver, British Columbia – TheNewswire - November 17, 2021: Leopard Lake Gold Corp. (the "Company" or "Leopard Lake") (CSE:LP) (CNSX:LP.CN) is pleased to ann
About this update from Leopard Lake Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - November 17, 2021: Leopard Lake Gold Corp. (the \"Company\" or \"Leopard Lake\") (CSE:LP) (CNSX:LP.CN) is pleased to announce that it has entered into property acquisition agreements (the \"Acquisition Agreements\") with arm's length vendors (the \"Vendors\") for the acquisition of a 100% interest in the Stella property (the \"Acquisition\"), located in the Abitibi region of Northwestern Quebec at the limit of the Tavernier, Pershing, Haig and Jurie townships, in the Val d'Or mining camp (the \"Property\"). The Property is made up of 52 contiguous claims for a total of 2,987 ha or 29.9 km2, 9 km to the northeast of the Croinor mine, which is owned by Monarch Mining Corporation. Readers are cautioned that the Company has no interest in or right to acquire any interest in the Croinor mine, and that mineral deposits, and the results of any mining thereof, on adjacent or similar properties are not indicative of mineral deposits on the Property or any potential exploitation thereof. The Property is located approximately 65 km east of the town of Val d'Or and, is easily accessible from provincial and logging roads. It is contained in a volcano-sedimentary corridor oriented NW-SE, which extends to Normétal to the west and to the Grenville front to the east. The majority of the Property is underlain by intermediate volcanic and finely laminated tuffs. A diabase dyke and a dioritic intrusion occupy the center of the property where the mineralized zones are located, close to the Lacoma shaft. The historical Lacoma shaft has been dug to 79 m with lateral development on 2 levels to explore four (4) mineralized veins which returned grade up to 39 g/t Au over 1.12 m. More recently, 23 drill holes were completed near the Lacoma shaft and in 2011, hole STE-10 returned 1.56 g/t Au over 14.75 m in a stockwork with quartz veins, feldspath and pyrite. Although the Company believes the source of the historical information to be generally reliable, such information is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data and other inherent limitations and uncertainties. Commercial Terms Pursuant to the Acquisition Agreements, the Company will be ...