Tillkännagivande • Apr 14
Leocor Mining Inc., Annual General Meeting, Jun 03, 2026 Leocor Mining Inc., Annual General Meeting, Jun 03, 2026. Location: british columbia, Canada New Risk • Apr 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 67% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). High level of non-cash earnings (87% accrual ratio). Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$14.8m market cap, or US$10.6m). Tillkännagivande • Mar 27
Leocor Mining Inc. announced that it has received CAD 4 million in funding from Planet Ventures Inc. On March 26, 2026, Leocor Mining Inc. closed the transaction. The transaction included participation from an insider, Planet Ventures Inc. for 20,000,000 units. The company did not pay any finders' fees with respect to the transaction. Tillkännagivande • Mar 18
Leocor Mining Inc. announced that it expects to receive CAD 4 million in funding Leocor Mining Inc. announced a non-brokered private placement financing of up to 80,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 4,000,000 on March 17, 2026. Each Unit will consist of one common share of the Company and one Common Share purchase warrant, with each Warrant exercisable to purchase one additional Common Share for a period of 3 years from the date of closing at an exercise price of CAD 0.10. In connection with completion of the Private Placement, the Company may pay finders’ fees to eligible third parties who have introduced subscribers to the Private Placement. All securities issued in connection with the Private Placement will be subject to restrictions on resale for a period of four-months-and-one-day in accordance with applicable securities laws. Completion of the Private Placement remains subject to receipt of regulatory approvals. Tillkännagivande • Mar 15
Leocor Mining Inc. Plans VTEM Survey At the Baie Verte Gold-Copper Project Leocor Mining Inc. is planning restricted a VTEM Survey at the Company’s 2,002-ha contiguous Baie Verte gold-copper exploration project. The Baie Verte project (the “Project”) is situated on the north central coast of the island of Newfoundland in the province of Newfoundland and Labrador, Canada. The Survey will cover the entire project area and will generate critical informative data the Company will utilize to assess and determine primary targets for follow-up drilling. Last summer's drill program identified a VMS style mineralizing system within the Copper Creek section of the Baie Verte project (see News Release dated July 8, 2025). The fundamental premise of applying electromagnetic (EM) methods to VMS exploration is the strong conductivity contrast between the massive sulphide mineralization and the surrounding host lithologies. VMS deposits are syngenetic accumulations of sulphide minerals that form through hydrothermal discharge in submarine volcanic environments, typically occurring as lenses of polymetallic massive sulphide. These systems are characterized by two primary components: a stratabound lens containing over sixty percent sulphide minerals and an underlying discordant stringer or stockwork zone composed of vein-type mineralization within an envelope of altered rocks. Both intersected in last year's drill program. The electromagnetic signature of a VMS deposit is primarily a function of its mineralogical composition and the connectivity of conductive grains. Common sulphide minerals such as pyrite, pyrrhotite, and chalcopyrite possess extremely high electrical conductivity, often resulting in orebodies with very low resistivities compared to host rocks like rhyolites, andesites, or sedimentary sequences. This contrast can span up to five or more orders of magnitude, providing ideal conditions for the induction of eddy currents during a time-domain EM survey. The VTEM system operates on the principle of time-domain electromagnetic induction. A transmitter coil, carried by a helicopter, generates a primary electromagnetic field by passing a powerful current through a large loop. In VTEM, this current follows a triangular ramp or polygonal waveform that is rapidly terminated. The collapse of this primary field induces eddy currents in any nearby conductive bodies in the subsurface, such as a massive sulphide lens. These induced currents generate a secondary magnetic field that decays over time. VTEM measures the time rate of change of this secondary field using induction coil receivers during the "off-time" between transmitter pulses. More details will be provided once the survey dates are finalized. Tillkännagivande • Jul 11
Leocor Mining Inc. Reports Final Assay Results from Its Recently Completed Maiden Drilling Program At the Copper Creek Prospect Leocor Mining Inc. reported final assay results from its recently completed maiden drilling program at the Copper Creek prospect, located within the Company's 2,002-ha contiguous Baie Verte gold-copper exploration package. The Baie Verte project is situated on the north central coast of the island of Newfoundland in the province of Newfoundland and Labrador, Canada. The complete geochemical results received June 27, 2025, from SGS Canada, support preliminary interpretations that Copper Creek represents the stockwork feeder zone of a Volcanogenic Massive Sulphide mineralizing system. In addition to stockwork chalcopyrite mineralization the program identified additional hallmarks of VMS systems including anomalous zinc mineralization and lenses of massive and semi-massive pyrite. Copper Highlights Include: 3.6m of 1.49 % Cu Including 0.9m of 3.22 % Cu within 6.1m of 0.99 % Cu in hole CC- 25-001 beginning at 31.7m downhole; 6.6m of 0.44 % Cu Including 0.97 % Cu in hole CC-25-002 beginning at 15.2m downhole; 3.6m of 0.66 % Cu Including 1.8m of 0.92 % Cu Within 6.0m of 0.45 % Cu in hole 25- CC-006 beginning at 19.0m downhole; 4.1m of 0.56 % Cu Including 1.4m of 1.43 % Cu in hole 25-CC-014 beginning at 45.7m downhole. Zinc highlights include: 3.0m of 0.34 % Zn Including 1.0m of 0.69% Zn in hole 25-CC-006 beginning at 47m downhole. Further significant results from the drilling program are presented in Table 1, and an image of Chalcopyrite mineralization from hole 25-CC-002 is presented below in Figure 2. Figure 3 displays significant intercepts from holes 25-CC-014 and 25-CC-015 in cross section. Modelling work is underway to place these results within the geological context of the project and the Company is planning follow-up exploration activities to evaluate the potential of this mineral system. This geological setting is consistent with the development of exhalative and replacement type VMS deposits. The most notable occurrences within the Notre Dame Subzone on the Baie Verte Peninsula include the past producing Terra Nova, Rambler, and Tilt Cove Mines. Figure 1 below outlines notable mineral deposits within the Baie Verte Peninsula. Copper Creek Drilling. In March of 2025 the company completed a campaign comprising 21 diamond drillholes totaling 2308.5 meters at Copper Creek. The program was designed to follow up on significant and widespread copper anomalism in soils and shallow Rotary Air Blast Drilling completed by the company in 2022. The 2025 program represents the maiden diamond drill program on the Copper Creek prospect. Drillhole Collar information is detailed in Table 1. Drillhole Collar information for the 2025 Copper Creek diamond drilling program. Hole ID, Easting, Northing, Dip, Azimuth, Length, 25-CC-001, 556656.4, -45, 120, 194, 25-CC-002. Tillkännagivande • Jun 05
Leocor Mining Inc. Begins Summer Exploration Program At the Baie Verte Copper-Gold Project, Newfoundland Leocor Mining Inc. announced it has commenced a soil sampling program at the Baie Verte project ("The Project"), a 2,002-ha contiguous gold-copper exploration package located on the north central coast of the island of Newfoundland in the province of Newfoundland and Labrador, Canada, has been completed. Crews from Resourceful Geoscience Solutions have arrived to complete follow-up soil sampling on The Project's Five Mile Brook gold prospect. In 2021, the company undertook a preliminary soil sampling survey, which returned several anomalous results, including two samples from one survey line that yielded 132 ppb Au and 163 ppb Au. This same survey line also concluded with an anomalous result of 85 ppb Au. The 2021 survey collected B horizon soil at 25m spaced stations along 125m spaced parallel lines. The current follow-up survey aims to confirm the anomalism detected in 2021 through confirmatory duplicate sampling of sites that returned results exceeding 100 ppb Au, to extend the line to the northwest where the 2021 survey terminated with an 85 ppb Au sample, and to infill the survey line spacing adjacent to this survey line with new survey lines which close the sample line spacing to 60m. Results from the recently completed 27-hole, 3040-meter winter drill program are expected shortly and the Company reported it has already begun preliminary planning for follow-up field activities. All assay results will be released once received, reviewed and verified. As reported in the March 25, 2025, Company news release, the completed drill program comprised 21 diamond drillholes totaling 2308.5 meters at the Copper Creek claims within the larger Baie Verte project ground. 18 of the 21 Copper Creek drillholes encountered chalcopyrite mineralization over various lengths and in various visually estimated abundances. Previously disclosed Copper Creek highlights included: 43.9m to 46.2m (2.3m length) in hole 25-CC-014 containing a visually estimated modal abundance of banded chalcopyrite of 15% with pyrite in visually estimated modal abundance of 10%. 20m to 33.4m (13.4m drilled length) in holes 25-CC-012 containing blebby chalcopyrite in a visually estimated modal abundance the mineralization will only be determined once assay results are received. Samples of mineralized intervals are being prepared for geochemical analysis by SGS, a Standards Council of Canada (SCC) accredited laboratory. New Risk • Mar 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.86m market cap, or US$6.20m). Tillkännagivande • Jan 22
Leocor Gold Inc. Mobilizes for Upcoming Drill Program At the Baie Verte Project, Newfoundland Leocor Gold Inc. reported that fieldwork has commenced regarding its upcoming drill campaign at the Baie Verte project, an approximately 2,000-ha contiguous exploration package located in north central Newfoundland, Canada. Leocor's geological team, led by Resourceful Geosciences, and theill crew (Rally Drill Services) report the crew has commenced mobilization to the drill site. Team members are currently on site and working to complete core shack set-up, assess road conditions to the drill locations, trail flagging and drill hole spotting. Drill crew and equipment are expected on-site before the end of the week with the commencement of drilling anticipated to begin imminently. Multiple drill holes at Copper Creek will target areas of known mineralization with both favorable structures and positive geochemical attributes. At Dorset, the targets are concentrated in areas where the Company intersected significant gold results in its 2022 drill campaign. The drill program will be conducted under the supervision of David Murray, P. Geo, president of Resourceful Geosciences. The Company will provide an update early next week. The Dorset project is highly prospective for additional high-grade gold zones and the 2025 program will be designed to test some of the priority zones within a prominent 1 x 2 km gold-in-soil anomaly delineated by Leocor in 2022. Tillkännagivande • Nov 29
Leocor Gold Inc. Completes Site Vis at the Copper Creek Project, Newfoundland Leocor Gold Inc. provided a further update on its upcoming drill campaign at the Baie Verte project, which comprises both the Copper Creek and Dorset Gold Projects, among others, located in north central Newfoundland, Canada.ally Drill Services and Resourceful Geosciences will be on site at the Copper Creek project early next week (December 2-4) to assess road conditions, access points in and around proposed drill pad locations, and slope access, and to determine the necessary site preparation needed for the upcoming drill program. In addition, Resourceful geosciences will secure a location for core logging, cutting, and long-term storage. The Company will provide further updates as the occur. Leocor's. Baie Verte project is an approximately 2,000-ha contiguous exploration package that incorporates several claim areas including the Copper Creek project, a copper exploration target with compelling historical results. The Company is excited to begin detailed prospecting within areas of interest and systematically testing known zones of copper mineralization. The adjacent Dorset Gold Project is already established as containing several high-grade gold zones, and presents additional, highly prospective exploration targets. The Copper Creek portion of the Baie Verte Project has had little copper-focused work completed over the past few years and provides excellent exploration potential. In 2021 the Company completed exploration work at Dorset and Copper Creek that included soil sampling, geophysics, LiDAR and high-resolution drive imagery surveys. Highlights of the program include: Multiple targets identified along 7km northeast trending zone of anomalous gold in soils and a 4km subparallel trend of anomalous copper (+/- gold) in soils with results up to 2862 ppm copper ("Cu") and 1601 ppb gold ("Au"). Indications of two styes of mineralization on the project including VMS style copper (+/-gold-zinc) mineralization and structurally controlled gold mineralization with similarities to the nearby Pine Cover Mine. A detailed 2021 soil program outlined a new 6.5 Km mineralized gold trend that was not previously known, and a base metal Copper-Zinc target measuring 1200m by 400m, located in proximity to the Terra Nova base metal deposit. The nearby Dorset Gold Project is located south of the Pine Cove Gold Mine and features multiple zones of high-grade gold mineralization. The Company completed a Rotary Air Blast ("RAB") drill program in late 2022 that tested six different target areas for gold and/or copper mineralization with 18 drill holes. The program was designed to follow up on previously announced exploration results. Highlights from the 2022 RAB program include: Sharpie Ridge Target: 2.32 grams-per-tonne ("g/t") gold ("Au") over 10.67m; including 10.2 g/t Au over 1.52m. New target that is open along strike and at depth. Braz NE Target: 3.18 g/t Au over 4.57m from surface. New target that is open across strike and at depth. Dorset Main Target: 1.41 g/t over 7.62m. Confirming geometry of the mineralized zone. The Dorset project is highly prospective for additional high-grade gold zones and the 2024 program will be designed to test some of the priority zones within a prominent 1 x 2 km gold-in-soil anomaly delineated by Leocor in 2022. Marketing Agreement with Rumble Strip Media. Leocor Gold. has entered into a marketing agreement with Rumble Strip Media Inc. to enhance its investor awareness. Pursuant to the agreement, Rumble will provide certain social media, marketing and consulting services to Leocor in consideration for an upfront payment of $250,000 plus applicable taxes to Rumble. The agreement was signed on November 26, 2024, and will start on November 26, 2024, for a period of 90 days. Tillkännagivande • Oct 13
Leocor Gold Plans Drill Programs At the Dorset Project, Baie Verte District, Newfoundland with A Focus on Copper Creek Target Leocor Gold Inc. updated drill plans at its Baie Verte project, which comprises both the Copper Creek project and the Dorset Gold Project, among others, located on north central Newfoundland, Canada. The Company has engaged Resourceful Geoscience Solutions of Halifax, Nova Scotia, to execute the program, which will consist of up to 5000 metres of diamond drilling with a budget between CAD 1 million and $1.5 million, primarily targeting copper targets at Copper Creek, and gold targets within the Dorset claims. The permitting process is currently underway. Copper Creek is a copper exploration target with compelling historical results. The Company is eager to begin detailed prospecting within areas of interest and systematically testing known zones of copper mineralization. The Dorset Gold Project is already established as containing several known gold zones, and presents additional, highly prospective exploration targets. Copper Creek Claims. The Copper Creek portion of the Baie Verte Project has had little copper-focused work completed over the past few years and provides excellent exploration potential. In 2021 the Company completed exploration work at Dorset and Copper Creek that included soil sampling, geophysics, LiDAR and high-resolution drive imagery surveys. Highlights of the program include: Multiple targets identified along 7km northeast trending zone of anomalous gold in soils and a 4km subparallel trend of anomalous copper (+/- gold) in soils with results up to 2862 ppm copper ("Cu") and 1601 ppb gold ("Au"). Indications of two styes of mineralization on the project including VMS style copper (+/-gold-zinc) mineralization and structurally controlled gold mineralization with similarities to the nearby Pine Cover Mine. A detailed 2021 soil program outlined a new 6.5 Km mineralized gold trend that was not previously known, and a base metal Copper-Zinc target measuring 1200m by 400m, located in proximity to the Terra Nova base metal deposit. Historic results at Copper Creek includes grab sample values of 1019 - 9414 ppm Cu and assays of up to 4.4% Cu while channel sampling yielded assays of up to 0.85% Cu over 2m (Dunsworth, 2004). Channel sampling, by Anaconda, returned assays of up to0.196% Cu over/2 m (Dunsworth, 2004). However, further southwestward extension of the T5 site, by Chan, in 2007 (via a 2x14 m trench) revealed a notable increase in sulphide content and grades; samples from a 1 m wide subzone of semi-massive to massive sulphide (60-70% pyrite) returned several assays in the range of 1.46% - 7.1% Cu. Prospecting performed in 2015, along the access road, trending 100-300 m NW of the T5 site, resulted in the discovery of several roadside ditch exposures of chalcopyrite mineralized, sheared/chloritized, gabbro to micro gabbro, which returned sample assays of 1.3% & 3.22% Cu as well as several values in the range of 1760 - 9770 ppm Cu. Soil sampling, also carried out in 2015 - involving several 100-200 m-spaced sample lines emplaced across the general strike of the above mineralized chlorite and chlorite-sericite- quartz schist zones - returned consistently anomalous Cu results of 100-762 ppm. Three closely spaced soil samples taken over the T5 site (prior to the 2004 trenching) returned Cu assays of 237 ppm, 522 ppm & 586 ppm Cu. Dorset Gold Project. Located south of the Pine Cove Gold Mine, Dorset features multiple zones of high-grade gold mineralization. The Company completed a Rotary Air Blast ("RAB") drill program in late 2022 that tested six different target areas for gold and/or copper mineralization with 18 drill holes. The program was designed to follow up on previously announced exploration results. Highlights from the 2022 RAB program include: Sharpie Ridge Target: 2.32 grams-per-tonne ("g/t") gold ("Au") gold ("Au") over 10.67m; including 10.67m); including 10.67m; including10.2 g/t Au over 10.52m; including 10.52m; including10.52m. New target that is open along strike and at Copper Creek Claims.52m; including10m; including 10.52 m; including 10. Tillkännagivande • Oct 11
Leocor Gold Inc. announced that it expects to receive CAD 1 million in funding Leocor Gold Inc. has announced private placement of up to 20,000,000 units at a price of CAD 0.05 per unit on October 10, 2024. Each units consists of one common share and one-half-of-one common share purchase warrant exercisable at a price of CAD 0.10 for a period of thirty-six months. All securities to be issued in connection with the placement will be subject to a four-month-and-one-day
statutory hold period in accordance with applicable securities laws. New Risk • Apr 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 70% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$7.31m market cap, or US$5.31m). Tillkännagivande • Sep 21
Leocor Gold Inc. Reports Significant RAB Drilling Results from the Dorset Project Leocor Gold Inc. reported significant RAB drilling results from the recently completed drill program on the Dorset Project within the Company's Baie Verte District landholdings, located on north central Newfoundland, Canada. These results are highlighted by hole DORRAB23-004 which returned 0.226 grams-per-tonne ("g/t") gold ("Au") over 32m starting at surface (4.6m). This includes 1.01 g/t Au over 1.52m starting at surface and 0.464 g/t Au over1.52m from 32m. A total of 14 RAB holes were completed at the Dorset Project totaling 750m. Drilling concentrated on the Sharpie Ridge, Gunshot and Dorset showings. The above wide low-grade intercept tested an undrilled 1 x 2 km gold-in-soil anomaly outlined by Leocor in 2022. The RAB drilling was completed by GroundTruth Exploration Inc. using their "GT RAB Drill," a Heli-Portable, wireless remote-controlled, rubber tracked platform with a hydraulic tilting mast assembly and rotary drill head. The GT RAB Drill is environmentally friendly with low- ground pressure and minimal surface disturbance. Individual drill holes can be up to 100m in depth and are paired with onsite XRF analysis and optical televiewer surveys, allowing rapid evaluation of the target areas. Based on the 2022 and 2023 significant RAB drill results, Leocor's geological team has advanced the interpretation of possible controls to gold mineralization related to north to north-northeast and southeast-northwest structural lineaments. Where these trends intersect has produced the more significant sub-surface drill intercepts. This relationship appears very important and will provide targets of merit for the follow up program. Permitting for diamond drilling has now been submitted. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Newman Reid was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jun 15
Leocor Gold Inc. Begins RAB Drilling At Dorset Project, Baie Verte District, Newfoundland, Canada Leocor Gold Inc. announced that RAB drilling has begun on the Dorset Project within the Company's Baie Verte District landholdings, Newfoundland, Canada. The Baie Verte District is home to the Point Rousse gold mine now owned by Signal Gold and the Ming copper and gold mine belonging to Rambler Metals and Mining. A total of 16 RAB drill holes are planned for the Dorset Project. RAB drilling will continue to test and expand on the Sharpie Ridge gold occurrence with seven RAB holes where in late 2022 drilling returned 2.32 g/t Au over 10.67 m and 10.2 g/t Au over 1.52m. An additional two RAB holes will be completed at Copper Creek target where in 2022 drilling returned 0.58% % Cu over 9.12m, which includes 1.095% Cu over 1.52m. Two RAB holes will be completed At the Dorset Gunshot/Braz occurrence where in 2022 drilling returned 3.18 g/t Au over 4.57 m. An additional seven RAB holes will target the Dorset Trend where a large 1 x 2 km gold-in-soil anomaly was outlined by 2022 soil sampling efforts. The RAB drilling will be completed by GroundTruth Exploration Inc. using their "GT RAB Drill," a Heli-Portable, wireless remote-controlled, rubber tracked platform with a hydraulic tilting mast assembly and rotary drill head. The GT RAB Drill is environmentally friendly with low-ground pressure and minimal surface disturbance. Individual drill holes can be up to 100m in depth and are paired with onsite XRF analysis and optical televiewer surveys, allowing rapid evaluation of the target areas. Tillkännagivande • Dec 09
Leocor Gold Inc. Receives Rotary Air Blast Drill Results on its Baie Verte Project Located Near Anaconda Mining's Pine Cove Mine and Rambler Metal's Ming Mine in Northwestern Newfoundland Leocor Gold Inc. announced that it has received Rotary Air Blast (RAB) drill results on the Company's Baie Verte project located near Anaconda Mining's Pine Cove Mine and Rambler Metal's Ming Mine in northwestern Newfoundland. The Phase 1 program tested at least six different target areas for gold and/or copper mineralization with 18 RAB drill holes and was designed to follow up on previously announced soil and GT Probe results; evaluating the targets for potential follow up diamond drilling as warranted. Results from 12 of the holes on the gold targets are discussed in this news release, and the results from the additional six holes on the Copper Creek Trend will released in due course. 2022 RAB Drill Program: The 2022 RAB Drilling program consisted of 1023m of drilling over 18 holes and tested 6 target areas across the Baie Verte property including the Dorset, Gunshot, Gunshot Extension, Sharpie Ridge, Braz NE, and Copper Creek target areas. The program followed up on previously announced gold and copper soil and GT Probe results over a 7km trend across the property and is designed to evaluate the targets for potential diamond drilling. Results for 12 of the 18 holes, focused on the gold target areas, are included in this release. Additional result from the Copper Creek Trend will be released in due course. The RAB drilling was be completed by GroundTruth Exploration Inc. using their GT RAB Drill, a Heli-Portable, wireless remote-controlled, rubber tracked platform with a hydraulic tilting mast assembly and rotary drill head. The GT RAB Drill is environmentally friendly with low-ground pressure and minimal surface disturbance. Individual drill holes can be up to 100m in depth and are paired with onsite XRF analysis and optical televiewer surveys, allowing rapid evaluation of the target areas. Individual results for the drilling ranged from below detection to 10.2g/t Au. A drill collar table and associated map for the results included in this release. All intervals are reported as drilled and there is not currently enough information to determine true thickness at this time. It should also be noted that none of the holes reached the originally planned 100m target depth do to challenging ground conditions. Sharpie Ridge: Four holes (006 009) were drilled on the Sharpie Ridge target. The drilling was assessing alteration and mineralization along a NE trending fault-controlled contact of fuchsite altered ultramafic and metavolcanic rocks. The holes were drilled over a 130m strike length and were centered on an outcrop of strongly silicified outcrop with assays up to 1.31 g/t Au. Hole -007 was drilled adjacent to the mineralized outcrop and intersected strongly silicified and quartz veined metavolcanic and ultramafic returning 2.32 g/t Au over 10.32m from 15.24m depth; including 10.2 g/t Au over 1.52m. Holes (006 & 008/009) were collared 55 and 80m north and south of -007; respectively. These holes failed to interest the mineralized structure due to hole placement/dip, and only returned anomalous results. The drill results on Sharpie Ridge are significant because it is a new discovery and is at the NE end of a 1.8km gold in soil anomaly associated with the same faulted contact. Follow up drilling will continue to assess the strike and dip extent of mineralization on the target. Dorset: Two holes (-002 & -002) were drilled on the Dorset target evaluating the historic Dorset prospect which hosts rock samples up to 57.2 g/t Au from NE striking, steeply west dipping quartz veins and breccia zones sericite-ankerite alteration and pyrite, arsenopyrite, and, locally, visible gold mineralization. The holes were drilled approximately 15m apart and were designed to evaluate the geometry and dip of the mineralization. Both holes interested intersected mineralization at 28.96m depth and returned 1.41 g/t over 7.62m (- 001) and 1.14 g/t Au over 6.10m (-002); respectively. The holes confirmed the geometry of the mineralized zone and will guide follow up drilling efforts to assess the strike and dip extent of the zone and evaluate it for higher grade, plunging shoots, of gold mineralization. DOR/Gunshot Extension: Three holes (-003 to -005) were drilled on the DOR/Gunshot Extension target, located approximately 950m SW of Dorset. The target consists of 1.6km, NE trending, gold in south anomaly with anomalous GT Probe results (up to 1.19 g/t Au). RAB drilling was conducted on the NE end of the trend with the three holes placed approximately 100m apart. Holes - 003 and -005 returned zones of anomalous Au mineralization (>0.1 g/t Au) with highlights of 0.57 g/t Au over 3.05m from 27.43m depth from hole -003 and 0.21 g/t Au over 18.29m from 1.52m depth in hole -005. Gunshot: Two holes (-011 & -012) were drilled on the Gunshot target located approximately 345m west of the Dorset target. The drilling was targeting NE striking gold in soil and GT Probe anomalies (up to 1.97 g/t Au). The holes were, effectively, drilled from the same location (with 5m) at azimuths of 135 and 315; respectively. Only hole -011 encountered anomalous mineralization with the best intercept returning 0.64 g/t Au over 1.52m from 18.29m depth. Braz NE: One hole was drilled on the Braz NE target, located 80m south of Gunshot. The drilling was targeting a 5m wide outcrop of sheared metavolcanic rocks with sheeted quartz veins and sericite alteration. The hole returned 3.18 g/t Au over 4.57m from surface and will be a target for follow up drilling on the property. Assay Methodology and QA/QC: All RAB samples were prepared and analyzed by Bureau Veritas Laboratories. Samples were submitted to their Timmins, ON laboratory for preparation with pulps sent to their Vancouver, BC laboratory for assay. The samples were crushed to 70% passing -2 mm and then splitting off and pulverizing a 250-gram split to 85% passing -75 microns (PRP70- 250). A 0.5 gram cut of the pulp was analyzed by AQ201, an aqua regia digestion followed by ICP-MS analysis for 36 elements. Gold was analyzed for by FA430 using a 30-gram charge for a standard fire assay with an AA finish. If Au results were >10 g/t a second 30-gram charge was used for a standard fire assay with a gravimetric finish. The reported work will be completed using industry standard procedures, including a quality assurance/quality control (QA/QC) program consisting of the insertion of certified standard, blanks, and duplicates into the sample stream. Tillkännagivande • Jul 28
Leocor Gold Inc. Identifies 12 Gold Targets on the Hodges Hill Property; Follow Up Work Underway Leocor Gold Inc. announced 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. 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. Follow up work on the newly defined targets is underway and includes geologic mapping, prospecting, and grid soil sampling with a purpose of identifying high priority targets for drill testing. Hodges Hill is located 12 km north of the community of Badger along the Trans Canada Highway. The property consists of 9 mineral licences for a total of 1562 claims covering 39,050 hectares or 390 square km. Forestry roads run through 8 of the 9 licenses. The projects cover a large body of pyroxene gabbro that is cut by a series of 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 and which Hodge's Hill is associated with, makes a highly prospective target for gold deposition. The soils samples for the program are prepared at Eastern Analytical Laboratories. Samples are dried at 60 degrees Celsius and sieved to -80 mesh. The pulps are air couriered shipped to Bureau Veritas Labs in Vancouver, British Columbia. The pulps are analyzed with the AQ201+U method, dissolving 15 grams in Aqua Regia and analyzed for 37 elements by ICP-MS technique. All rock, GT Probe, and RAB samples will be prepared and analyzed by ALS Global Laboratories of Moncton, NB. The entire sample will be crushed to 70% passing -2 mm and then splitting off and pulverizing a 250-gram split to 85% passing -75 microns. A 0.5 gram cut of the pulp will be analyzed by ME-ICP41, an aqua regia digestion followed by ICP-AES analysis for 35 elements. Gold will be analyzed for by AA-AU23 using a 30-gram charge for a standard fire assay with an AA finish. If Au results were >10 g/t a second 30-gram charge will be used for a standard fire assay with a gravimetric finish. The reported work will be completed using industry standard procedures, including a quality assurance/quality control ("QA/QC") program consisting of the insertion of certified standard, blanks and duplicates into the sample stream. The project was introduced to Leocor by prolifically successful prospector Shawn Ryan who now acts as a technical advisor to the Company. Three contiguous projects represent a 144,000-hectare (355,832-acre) land package in the heart of Newfoundland. The Robert's Arm, Leamington and Hodge's Hill prospective exploration lands cover numerous geologically favorable corridors conducive to gold mineralization across 5,760 mineral claims covered by 37 licenses. The claims are host to distinct magnetic high units (Gabbro's) in settings indicative of known regional gold occurrences. Named after Gabbro, a hamlet near Rosignano Marittimo in Tuscany, these rocks are associated with continental volcanism, a region-specific gold target indicator. Tillkännagivande • Jun 25
Leocor Gold Inc. Commences Drill Program on the Baie Verte Project, NW Newfoundland Leocor Gold Inc. announced it has completed mobilization of a Rotary Air Blast ("RAB") drill and initiated drilling on the Company's Baie Verte project located near Anaconda Mining's Pine Cove Mine and Rambler Metal's Ming Mine in northwestern Newfoundland. The Phase 1 program will test at least 6 different target areas for gold and/or copper mineralization with 25 - 30 RAB drill holes and is designed to follow up on previously announced soil and GT Probe results (1); evaluating the targets for potential follow up diamond drilling as warranted. The Company is also initiating work programs on it's Western Exploit and Gander District properties and details of those programs will be forthcoming in future news releases. 2022 RAB Drill Program: The Phase 1 RAB Drilling program will consist of 25-30 drill holes and test at least 6 target areas across the Baie Verte property including the Dorset, Gunshot, Dorset SW, Copper Creek SW, FMB, and Copper Creek target areas. The program will follow up on previously announced gold and copper soil and GT Probe results over a 7km trend across the property (1) and is designed to evaluate the targets for potential diamond drilling. The RAB drilling will be completed by GroundTruth Exploration Inc. using their "GT RAB Drill," a Heli-Portable, wireless remote-controlled, rubber tracked platform with a hydraulic tilting mast assembly and rotary drill head. The GT RAB Drill is environmentally friendly with low-ground pressure and minimal surface disturbance. Individual drill holes will be up to 100m in depth and will be paired with onsite XRF analysis and optical televiewer surveys, allowing rapid evaluation of the target areas. The Dorset trend consists of a 2.5 km gold in soil anomaly(s) located approximately 3km south of the Baie Verte townsite, extending from historic Dorset and Gunshot prospects (rock samples up to 57.2 g/t Au) to the southwest. RAB drilling on the trend will focus on the Dorset, Gunshot, and Dorset SW target areas. At Dorset and Gunshot, the drilling will test a series of NE striking, steeply west dipping quartz veins and breccia zones with sericite- ankerite alteration and pyrite, arsenopyrite, and, locally, visible gold mineralization. On the Dorset SW, the drilling with test a series of coincident soil and GT Probe anomalies (up to 1.19 g/t Au) over a 700m NE oriented trend. The FMB Trend (Five Mile Brook Trend) is located 4km SSW of Baie Verte, less than 1km off of the main highway and consists of a 2km gold-arsenic soil anomaly associated with sheared and strongly contact of ultramafic and metavolcanic units with rock samples up to 1.31 g/t Au. Copper Creek Southwest is located approximately 750m west kilometer of the Gunshot target and consists of a 1km NE trending soil anomaly with values up to 1135 ppb Au. The target was historically called the `Albatross Target' and was previously trenched and drilled by Noranda in the late 1980's. The historic work included grab samples of up to 30 g/t Au and drilling results of 1.0 g/t Au over 7 m(2) and is associated with a series of meter-scale quartz veins with pyrite-arsenopyrite. The Copper Creek Trend consists of 2 km northeast trending Cu-Au soil anomaly(s) with highs of 2,860 ppb Cu and 867 ppb Au. The northern area of the trend is defined by a 500m x 1,000m copper anomaly associated with anomalous zinc (+/-gold); indicative of VMS style mineralization similar to the historic Terra Nova Mine; located approximately 1.5km to the west. Initial RAB drilling on the target will focus on a series of NE trending semi-massive to massive sulfide (pyrite-chalcopyrite) identified during recent follow up exploration on the trend. The soils samples for the program are prepared at Eastern Analytical Laboratories. Samples are dried at 60 degrees Celsius and sieved to -80 mesh. The pulps are air couriered shipped to Bureau Veritas Labs in Vancouver, British Columbia. The pulps are analyzed with the AQ201+U method, dissolving 15 grams in Aqua Regia and analyzed for 37 elements by ICP- MS technique. All rock, GT Probe, and RAB samples will be prepared and analyzed by ALS Global Laboratories of Moncton, NB. The entire sample will be crushed to 70% passing -2 mm and then splitting off and pulverizing a 250-gram split to 85% passing -75 microns. A 0.5 gram cut of the pulp will be analyzed by ME-ICP41, an aqua regia digestion followed by ICP-AES analysis for 35 elements. Gold will be analyzed for by AA-AU23 using a 30-gram charge for a standard fire assay with an AA finish. If Au results were >10 g/t a second 30-gram charge will be used for a standard fire assay with a gravimetric finish. The reported work will be completed using industry standard procedures, including a quality assurance/quality control ("QA/QC") program consisting of the insertion of certified standard, blanks and duplicates into the sample stream. The Baie Verte Peninsula represents one of the more productive and historical gold and base metal mining districts in Canada. Tillkännagivande • Jun 23
Leocor Gold Mobilizes Drilling Equipment to the Baie Verte Project, Nw Newfoundland Leocor Gold Inc. announced it has mobilized a Rotary Air Blast ("RAB") drill to the Company's Baie Verte project located near Anaconda Mining's Pine Cove Mine and Rambler Metal's Ming Mine in northwestern Newfoundland. The Phase 1 program will test at least 6 different target areas for gold and/or copper mineralization with 25 - 30 RAB drill holes and is designed to follow up on previously announced soil and GT Probe results (1); evaluating the targets for potential follow up diamond drilling as warranted. The Phase 1 RAB Drilling program will consist of 25-30 drill holes and test at least 6 target areas across the Baie Verte property including the Dorset, Gunshot, Dorset SW, Copper Creek SW, FMB, and Copper Creek target areas. The program will follow up on previously announced gold and copper soil and GT Probe results over a 7km trend across the property (1) and is designed to evaluate the targets for potential diamond drilling. The RAB drilling will be completed by GroundTruth Exploration Inc. using their "GT RAB Drill," a Heli-Portable, wireless remote-controlled, rubber tracked platform with a hydraulic tilting mast assembly and rotary drill head. The GT RAB Drill is environmentally friendly with low-ground pressure and minimal surface disturbance. Individual drill holes will be up to 100m in depth and will be paired with onsite XRF analysis and optical televiewer surveys, allowing rapid evaluation of the target areas. The Dorset trend consists of a 2.5 km gold in soil anomaly(s) located approximately 3km south of the Baie Verte townsite, extending from historic Dorset and Gunshot prospects (rock samples up to 57.2 g/t Au) to the southwest. RAB drilling on the trend will focus on the Dorset, Gunshot, and Dorset SW target areas. At Dorset and Gunshot, the drilling will test a series of NE striking, steeply west dipping quartz veins and breccia zones with sericite- ankerite alteration and pyrite, arsenopyrite, and, locally, visible gold mineralization. On the Dorset SW, the drilling with test a series of coincident soil and GT Probe anomalies (up to 1.19 g/t Au) over a 700m NE oriented trend. The FMB Trend (Five Mile Brook Trend) is located 4km SSW of Baie Verte, less than 1km off of the main highway and consists of a 2km gold-arsenic soil anomaly associated with sheared and strongly contact of ultramafic and metavolcanic units with rock samples up to 1.31 g/t Au. Copper Creek Southwest is located approximately 750m west kilometer of the Gunshot target and consists of a 1km NE trending soil anomaly with values up to 1135 ppb Au. The target was historically called the `Albatross Target' and was previously trenched and drilledby Noranda in the late 1980's. The historic work included grab samples of up to 30 g/t Au and drilling results of 1.0 g/t Au over 7 m(2) and is associated with a series of meter-scale quartz veins with pyrite-arsenopyrite. Tillkännagivande • May 20
Leocor Gold Inc. Announces Results of the 2021 Exploration Activities and 2022 Exploration Plans on the Baie Verte Project Leocor Gold Inc. announced results of the 2021 exploration activities and 2022 exploration plans on the Company's Baie Verte Project located near Anaconda Mining's Pine Cove Mine and Rambler Metal's Ming Mine in northwestern Newfoundland. The 2021 work program included soil sampling, GT Probe sampling, geophysics, and a LiDAR and high-resolution drone imagery surveys. Highlights include: Multiple targets identified along 7km northeast trending zone of anomalous gold in soils and a 4km subparallel trend of anomalous copper (+/- gold) in soils with results up to 1,601 ppb gold ("Au") and 2,862 ppm copper ("Cu"). Indications of two styes of mineralization on the project including VMS style copper (+/-gold-zinc) mineralization and structurally controlled gold mineralization with similarities to the nearby Pine Cover Mine. Based on the results of the 2021 program the Company is also planning a Phase 1 drilling campaign consisting of a minimum of 30 Rotary Air Blast ("RAB") drill holes on at least 4 of the gold and copper targets. The RAB drill program is expected to commence in June 2022 and is designed to evaluate the targets for potential follow up diamond drilling. In addition to the RAB drilling the Company is also planning to complete additional soil sampling, prospecting, geologic mapping, and geophysical surveys on the project. 2021 Exploration Program A two-phase surface geochemistry program consisting of 5,313 soil samples and 449 GT Probe samples was conducted in late 2021. A LiDAR survey was flown over the entirety of the project during early season efforts to assist in later program planning and logistics. In addition, a ground MAG-VLF survey was conducted to aid in geological and structural interpretation along an 8-kilometer segment of the Baie Verte fault system, which is interpreted to be a significant control on gold mineralization across the property. Soil Sampling A total of 5,313 soil samples were collected on 100 meters spaced lines and 25-meter spaced samples with soil lines-oriented NW-SE to cross dominant geological contacts and structures. Sample depths ranged from 30 cm to 110 cm and targeted C-Horizon material. Assays for the samples ranged from trace to 1,601 ppb Au and from trace to 2,862 ppm Cu. These samples defined a series of linear, NE trending, gold anomalies over a 7km trend across the property including the Dorset, Copper Creek, and FMB trends. In addition, they defined two zones of strongly anomalous copper (+/- gold) in soils along a 4km subparallel trend and include the Copper Creek and Copper Creek South trends. GT Probe Sampling In addition to the soils, a total of 449 GT Probe samples were collected over 14 lines on the Copper Creek, Copper Creek South, and Dorset Trends. The GT Probe is a track mounted device designed to drive a cased hole through the soil profile to the bedrock interface with samples collected from the final 30cm of the hole and analyzed for gold and other pathfinder elements. Samples were spaced at 5-meter intervals and ranged from 30cm to 420cm in depth. Assays for the samples ranged from trace to 1.97 g/t Au and from trace to 400 ppm Cu. Dorset Trend (Gold) The Dorset trend consists of a 2.5-kilometer-long gold in soil anomaly located approximately 3km south of the Baie Verte townsite and extending from historic Dorset and Gunshot prospects (rock samples up to 57.2 g/t Au) to the southwest. The target has soil results of up to 1,601 ppb Au and includes 33 samples >100 ppb Au. Six GT Probe lines were also placed across the target and include results up to 1.19 g/t Au. FMB Trend (Gold) The FMB Trend (Five Mile Brook Trend) is characterized by a 2km gold arsenic ("As") soil trend that is 4km SSW of Baie Verte and less than 1km off of the main highway. This target has soil values of up to 1,536 ppm As and 263 ppb Au and is locally associated with anomalous molybdenum, antimony, and zinc. . A rock sample returning 1.31 g/t Au was also collected along the trend. 2022 Exploration Program Based on the 2021 exploration results, the Company is planning an initial RAB drilling program on Dorset. The program will consist of a minimum of 30 drill holes and will test both gold and copper targets on . the Dorset, Copper Cree, Copper Creek Southwest, and FMB trends. The drilling is anticipated to commence in early June 2022 and is designed to evaluate the targets for potential follow up diamond drilling. In addition to the RAB drilling, geologic mapping, soil sampling, rock sampling, and geophysical work will be conducted to extend mineralized trends and aid in geologic interpretation on the project. Tillkännagivande • Jan 22
Leocor Gold Inc. Completes Phase 1 Soil Campaign at Hodges Hill Project, North Central Newfoundland, Canada Leocor Gold Inc. announced the completion of a soil sampling campaign, consisting of 4583 soils, on the Hodges Hill Property, consisting of nine mineral licenses totaling 1562 claims and covering 39,050 hectares (390 square km) in the southwest corner of the Western Exploit District, north central Newfoundland, Canada. This campaign forms part of a comprehensive phase one exploration program on the grassroots-stage property. The claims are host to distinct magnetic high units (Gabbros) in settings indicative of known regional gold occurrences. These rocks are associated with continental volcanism. Gabbros have long been recognized as being directly associated with gold mineralization in the Baie Verte area in occurrences such as Anaconda Mines Pine Cove deposit and more recently, the 2014 discovery by Anaconda of the Stog'er Tight and Argyle showings. The project covers major regional NE and NNW structures outlined by the regional NFLD airborne magnetic surveys. Anomalous government till sampling programs have identified gold and arsenic anomalies associated with these regional structures. Leocor is working with GroundTruth exploration on the program which The company expects to define a significant mineralized footprint. The GroundTruth method breaks down the exploration process into phases, typically defined as follows: Phase 1: Soils 100 m line separation and 25 m sampling separation; Aeromagnetic and VLF survey; Lidar Survey; Ground Magnetic survey. Phase 2: GT Probe Drilling (around areas of interest constituting potential targets); Induced Polarization across potential drill targets. Phase 3: GT Rab Drilling (typically 60m holes in fences across shallow targets). Phase 4: Diamond or Reverse Circulation drilling (once structure and orientation of target are well defined). It has recently come to light that the Central Newfoundland Gold Belt is prospective for high-grade gold associated with strong northeast trending regional structures. High-grade gold at New Found Gold's Keats showing and Labrador Gold's Big Vein target were originally discovered with regional and targeted lake, till and soil geochemical programs. Both of these showings are associated with linear 1st vertical derivative Magnetic anomalies. Much of the gold in Newfoundland appears to have been deposited in a fairly tight window of time between 437 and 375 Ma. Very similar geophysical anomalies are present on the Leocor claims and are associated with regional till anomalies identified by historical exploration (Noranda and others) and Newfoundland Government geochemical surveys. The phase 1 program was designed to follow up additional 1st derivative magnetic high linear anomalies that are associated with regional till anomalies on the claims. Detailed C- horizon soil geochemical grids will target prospective magnetic high anomalies. Samples will be collected below the oxidized B-horizon wherever possible as this layer has been identified as being a mask to underlying anomalous till sediments which are more reflective of source material Any soil anomalies identified will be followed up with prospecting, additional geochemical, geophysical, and geological programs, and drilling in future exploration programs. Tillkännagivande • Sep 23
Leocor Gold Inc. Receives Exploration Approval for Baie Verte Projects, Newfoundland, Canada Leocor Gold Inc. announced it has received exploration approval for its Baie Verte projects, located in the Baie Verte Peninsula, Newfoundland, Canada. Exploration activities consisting of prospecting, geochemical survey, ground geophysics, and fixed wing airborne surveys (LiDAR, UAV) are now approved across the Company's Baie Verte project portfolio and are expected to begin over the next few weeks. The 2,000-hectare Baie Verte portfolio includes the Dorset, Five Mile Brook, Dorset Extension, and Copper Creek projects. The Main Zone at Dorset includes three historic occurrences, with up to 409 grams-per- tonne ("g/t") gold ("Au") in grab samples, with channel sampling results of 177 g/t Au over 0.35m, 22 g/t Au over 1.5m, 17.2 g/t Au over 1.5m, and 14.7 g/t Au over 1.5m. Historic drilling includes 9.5 g/t Au over 1.3m (MacDougall, 1990). Historic select sampling at the Braz Zone returned values of 314 g/t Au, 40 g/t Au, 31.4 g/t Au, 21.2 g/t Au, 19.2 g/t Au, and 14.8 g/t Au. Historic channel sampling across the vein, returned 9.5 g/t Au over 0.4m; 5.7 g/t Au over 0.5m and 1.2 g/t Au over 0.65m. Weighted averages of historic rock sampling encompassing vein and mineralized wall rock returned values of 5.8 g/t Au over 1.9m; 3.1 g/t Au over 2.0m and 2.5 g/t Au over 1.5m (MacDougall, 1990). Tillkännagivande • Jul 15
Leocor Gold Inc. announced that it has received CAD 11.01128 million in funding On July 14, 2021, Leocor Gold Inc. closed the transaction. The company issued 17,023,999 non-flow-through units and 4,165,466 flow-through units in the transaction. All securities issued are subject to a statutory period until November 14, 2021, in accordance with applicable Canadian securities laws. In connection with completion of the transaction, the company paid finders’ fees of CAD 591,171 and issued 1,151,232 warrants to certain eligible third-parties who assisted in introducing subscribers. Tillkännagivande • Feb 13
Leocor Gold Inc. Announces to Provide an Update on Onoing Work At the Dorset Gold Project, Located in the Baie Verte Mining District Leocor Gold Inc. announced to provide an update on onoing work at the Dorset Gold Project, located in the Baie Verte Mining District, central Newfoundland, Canada. Preliminary work on the Dorset property, consisting of research of historical assessment files, data compilation and base map preparation was completed Company geologist, Wilson Jacobs. Geological mapping and sampling were carried out and initial focus was given to the general areas of the historic (Noranda) trench sites, in preparation for a new trenching program scheduled for the first half of 2021. The planned trenching will focus on the strike extension of a number of high-grade, gold-bearing, quartz vein systems discovered, by Noranda, in 1987-1989. These prospects include the Dorset and Copper Creek mineralization which were initially discovered by Noranda while trenching Au-in-soil anomalies. A total of 36 rock samples were collected from the old trenches, approximately half of which consisted of angular quartz vein debris found along the excavated margins of the historic trenches. Bedrock was limited due to debris-infill and vegetation growth in most of the plus 30 year old trenches, however in situ quartz vein exposures were observed at two of the Noranda trench sites the Gunshot and the Dorset No. 2 prospects. The recent sampling carried out by Leocor personnel on the prospects confirmed the high grade nature of the mineralization. Results included 42.87 grams-per-tonne ("g/t ") gold ("Au") over 0.4m from a chip sample at the Gunshot prospect and grab samples of the Dorset No. 2 vein, located 300m east, yielded assay values up to 11.41 g/t Au. (Historical sampling at Gunshot record results up to 162 g/t Au in grab samples, 18.4 g/t Au over 0.4m in channel samples and 5.7 g/t Au over 0.6 m in drill core. The Dorset No. 2 vein has published results of up to 408 g/t Au in grab samples, 41.3 g/t Au over 1.5m in channel samples and up to 9.5 g/t Au over 1.3m in drill core). Detailed geological mapping and additional sampling was also carried out on an expanded area around the Gunshot/Dorset area and several mineralized and altered bedrock exposures were recognized. These are described as zones of gossaneous, strongly sericitized and locally silicified, intermediate to felsic, volcanics, bearing 1-10% disseminated and banded pyrite. Tillkännagivande • Dec 06
Leocor Gold Inc. (CNSX:LECR) entered into a letter of intent to acquire Hare Bay Resources Corp. for CAD 2.6 million. Leocor Gold Inc. (CNSX:LECR) entered into a letter of intent to acquire Hare Bay Resources Corp. for CAD 2.6 million on November 30, 2020. As part of the transaction, Leocor will acquire 100% of the issued and outstanding common shares in the capital of Hare Bay in exchange for common shares at a ratio of one Leocor share for every one Hare Bay share. Upon closing, it is expected that the Leocor will issue approximately 4.750001 million shares to shareholders of Hare Bay. The transaction is subject to a number of conditions including satisfactory completion of due diligence investigations by each of Hare Bay and the Leocor before the exclusivity termination date, negotiation and execution of a definitive agreement before the exclusivity termination date, receipt of all required consents and approvals, including any required approvals of the Canadian Securities Exchange, there being no amounts owing to either party by any person not at arm’s length to such party and each party being in material compliance with the terms of the letter of intent. The exclusivity termination date of the transaction is on January 31, 2021. Tillkännagivande • Aug 08
Leocor Gold Inc. announced that it has received CAD 2.4 million in funding On August 7, 2020, Leocor Gold Inc. (CNSX:LECR) closed the transaction. The company has paid finders’ fee of a cash payment in the aggregate amount of CAD 48,020 and an aggregate of 120,050 warrants. Tillkännagivande • Jul 21
Leocor Ventures Inc. announced that it expects to receive CAD 2.4 million in funding Leocor Ventures Inc. (CNSX:LECR) announced a non-brokered private placement of up to 6,000,000 units at a price of CAD 0.40 per Unit for gross proceeds of up to CAD 2,400,000 on July 20, 2020. Each unit will consist of one common share of the company and one transferable common share purchase warrant, each warrant entitles the holder to purchase one additional share at a price of CAD 0.50 per share for a period of 24 months following the date of issuance. All the securities issued in the transaction are subject to four month hold period.