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Leopard Lake Gold Provides Update on Leduc Gold Project, Ontario, Announces Debt Settlement
Vancouver, BC - TheNewswire - March 9, 2023 - Leopard Lake Gold Corp. (the "Company" or "Leopard Lake") - (CSE:LP) reports that it has initiated its winter comp
About this update from Leopard Lake Gold Corp.
[{"type":"text","content":"Vancouver, BC - TheNewswire - March 9, 2023 - Leopard Lake Gold Corp. (the \"Company\" or \"Leopard Lake\") - (CSE:LP) reports that it has initiated its winter compilation from the geoscience assessment files listed on Ontario's Mining Lands Administration System (MLAS) in respect of the Leduc gold project, near Jellicoe, Ontario, Canada (the \"Leduc Gold Project\" or the \"Project\"). Based on the review of geoscience assessment files on MLAS and the recommendations in the independent technical report entitled \"NI 43-101 Independent Technical Report on the Leduc Gold Project for Leopard Lake Gold Corp., Beardmore, Ontario\", with an effective date of July 19, 2021, the Company expects to begin phase 1 of its exploration program of prospecting once the snow has melted and the roads become more accessible in May and June 2023, which will focus on: Ground-truthing and sampling 5 geophysical conductors along each northern and southern BIF trends, summarizing rock types, mineralization and structures. Locating previous trenches and possible drill holes where the higher grade intersections occurred to prospect, delineate and potentially extend the zones, plan for potential future mechanized power stripping of the rock outcrops and scout for potential drilling platforms. Several wide reconnaissance N-S traverses to identify gold-bearing structures within and cross- cutting the iron formation and sediments that hosts gold mineralization in the region. Ground – truthing OGS mapped and company interpreted lineaments / structures from the airborne magnetic results to compare location accuracy and potential mineralization. Shipping samples to the lab for analyses of GOLD and a multi-element suite of elements. Following the completion of the phase 1 exploration program in May and June 2023, the Company expects to initiate a phase 2 exploration program at the Leduc Gold Project for continued prospecting and trenching in the fall of 2023. These efforts will be aimed at further defining the extent of the gold mineralization and identifying potential drill targets. Robert Coltura, Leopard Lake's Chief Executive Officer, commented, \"The results from the 2020 Heli-borne High Resolution Magnetic Survey, and the initial prospecting work by the Company in 2020-21 on the gold hosted iron formation Led...