Vancouver, British Columbia - TheNewswire - November 18, 2021 - Leocor Gold Inc. (the "Company" or "Leocor") (CNSX:LECR.CN) (OT:LECRF) (Frankfurt:LGO) is pleased to update of our phase one programs in Newfoundland, Canada. We are simultaneously working on phase 1 work over five different projects which are Hodges Hill, Leamington, Roberts Arm, Baie Verte, and Startrek.
The Company's district-scale Atlantic Gold Portfolio comprises 152,822 hectares (586-sq miles) of prospective gold claims in three separate mining districts:
1) Baie Vert Project combines the Dorset, Dorset Extension, Five Mile Brook, and Copper Creek areas.
2) Western Exploit District is home to the Hodges Hill, Leamington, and Roberts Arm projects.
3) Gander district is home to the Startrek project
The Baie Verte Project is the subject of a large soil sampling campaign designed principally to give a reliable geochemical targeting base to an area with significant historical exploration. From an initial two-phase plan of 4940 soils we have collected ~4650 see Figure 1.
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Figure 1: Soil sampling progress at Baie Verte as of the 7th Nov, 2021.
The Western Exploit district is very much a generative project and as such the soil sampling is the principal tool being currently employed. The soils collected as of the 7TH Nov, 2021 are tabulated below and illustrated in Figures 2, 3 and 4 respectively.
Western Exploits Phase 1 Soil Completion Status
Property Planned Sampled Null Samples Collected % Completion
Robert's Arm 4,006 3,119 400 2,718 78%
Leamington 4,948 3,201 285 2,915 65%
Hodge's Hill 5,165 1,815 180 1,636 35%
At the Startrek project we are now at an advanced stage of what was initially a ~4140 plan. From the initial 4140 plan we reduced the autumn program to the priority soils ~3170 and of these 2395 soils had been collected by collected by the 7th of November 2021. There are approximately 775 soils to be collected to finish the present campaign, see Figure 5.
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Figure 2: Soil sampling progress at Roberts Arm as of the 7th Nov, 2021
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Figure 3: Soil sampling progress at Leamington Arm as of the 7th Nov, 2021
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Figure 4: Soil sampling progress at Hodges Hill as of the 7th Nov, 2021
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Figure 5: Soil sampling progress at Startrek as of the 7th Nov, 2021
Exploration programs will continue to progress throughout the remainder of Q4 and into the new year. Updates regarding drilling campaigns will be provided in the coming weeks.
National Instrument 43-101 Disclosure
Dr. Paul David Robinson, P. Geo, is a qualified person as defined by National Instrument 43-101. Dr. Robinson supervised the preparation of the technical information in this news release.
About Leocor Gold Inc.
Leocor Gold Inc. is a British Columbia-based resource company involved in the acquisition and exploration of precious metal projects, with a current focus in Atlantic Canada. Leocor, through outright ownership and earn-in agreements, currently controls several gold-copper projects in prime exploration ground located within the prolific Baie Verte Mining District. Leocor's Bae Verte portfolio includes the Dorset, Dorset Extension, Copper Creek and Five Mile Brook projects, creating a contiguous nearly 2,000 hectare exploration corridor. The Company also controls the 6,847-ha grassroots Startrek project near Gander, as well as three district scale land packages in North Central Newfoundland, known as Robert's Arm, Hodge's Hill, and Leamington, (collectively "Western Exploits") representing over 144,000 hectares (1,440 square kilometers) of prospective exploration
Contact Information
Leocor Gold Inc.
Alex Klenman, Chief Executive Officer
Email : aklenman@leocorgold.com
Telephone : (604) 970-4330
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward-Looking Information
This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the terms and conditions of the Option. Although Leocor believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct.
Forward looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. Leocor cautions investors that any forward-looking information provided by Leocor is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to: the agreement of the parties to proceed with the proposed transaction on the terms set out in the Option Agreements or at all; Leocor's ability to exercise the Options; the state of the financial markets for Leocor's securities; the state of the natural resources sector in the event the Option, or any of them, are completed; recent market volatility; circumstances related to COVID-19; Leocor's ability to raise the necessary capital or to be fully able to implement its business strategies; and other risks and factors that Leocor is unaware of at this time. The reader is referred to Leocor's initial public offering prospectus for a more complete discussion of applicable risk factors and their potential effects, copies of which may be accessed through Leocor's issuer page on SEDAR at www.sedar.com.
The forward-looking statements contained in this press release are made as of the date of this press release. Leocor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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温哥華,不列顛哥倫比亞省-新聞通訊社-十一月十八日, 2021 - 利奧科黃金公司(Leocor Gold Inc.)(“公司“或”利奧科爾") (CNSX:LECR。Cn)(OT:LECRF) (法蘭克福:LGO)很高興更新我們在加拿大紐芬蘭的第一階段計劃。我們正在同時進行五個不同項目的第一階段工作,這五個項目是霍奇斯山、利明頓、羅伯茨ARM、Baie Verte和Startrek。
該公司的地區規模的大西洋黃金投資組合包括三個獨立礦區的152,822公頃(586平方英里)的潛在黃金主張:
1)Baie Vert項目結合了多塞特、多塞特延伸、五里溪和銅溪地區。
2)西部開發區是霍奇斯山、利明頓和羅伯茨ARM項目的所在地。
3)甘德區是星際迷航項目的所在地
Baie Verte項目是一個大型土壤採樣活動的主題,其主要目的是為一個具有重大歷史勘探意義的地區提供一個可靠的地球化學目標基地。從4940個土壤的初始兩階段計劃中,我們收集了約4650個土壤,見圖1。
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圖1:截至7日,貝耶韋爾特的土壤採樣進度2021年11月。
西部開發區在很大程度上是一個產生性的項目,因此,土壤採樣是目前使用的主要工具。截至7日收集的土壤TH圖2、圖3和圖4分別列出了2021年11月的數據。
西部開發第一階段土壤完工狀況
屬性計劃抽樣空樣本收集完成百分比
羅伯特手臂4,006 3,119 400 2,718 78%
利明頓4948 3201 285 2915 65%
霍奇山5,165 1,815 180 1,636 35%
在星際迷航項目中,我們現在正處於最初約4140項計劃的後期階段。從最初的4140個計劃,我們將秋季計劃減少到優先土壤~3170個,在這2395個土壤中,我們已經收集了7個2021年11月。大約有775種土壤需要收集才能完成這場運動,見圖5。
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圖2:Roberts ARM截至7日的土壤採樣進度2021年11月
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圖3:Leamington Arm截至7日的土壤採樣進度2021年11月
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圖4:截至7日霍奇斯山的土壤採樣進度2021年11月
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圖5:截至7日,星際迷航的土壤採樣進度2021年11月
勘探計劃將在第四季度的剩餘時間和新的一年中繼續取得進展。有關鑽探活動的最新情況將在未來幾周內提供。
National Instrument 43-101披露
Paul David Robinson博士,P.Geo,是National Instrument 43-101定義的合格人員。羅賓遜博士監督了本新聞稿中技術信息的準備工作。
關於Leocor Gold Inc.
Leocor Gold Inc.是一家總部位於不列顛哥倫比亞省的資源公司,從事貴金屬項目的收購和勘探,目前重點放在大西洋加拿大。通過直接所有權和收益協議,Leocor目前控制着位於多產的Baie Verte礦區黃金勘探區的幾個金銅項目。利奧科的Bae Verte項目組合包括多塞特、多塞特延伸、銅溪和五英里溪項目,形成了一條毗連的近2000公頃的勘探走廊。該公司還控制着甘德附近6847公頃的草根Startrek項目,以及紐芬蘭中北部的三個地區規模的地塊,即羅伯特手臂、霍奇山和利明頓,這些地塊統稱為“西部開發”,代表着超過14.4萬公頃(1440平方公里)的遠景勘探
聯繫信息
利奧科黃金公司(Leocor Gold Inc.)
首席執行官亞歷克斯·克倫曼(Alex Klenman)
電子郵件:aklenman@leocorgold.com
電話:(604)970-4330
加拿大證券交易所及其監管服務提供商(該術語在加拿大證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任.
有關前瞻性信息的警告性聲明
本新聞稿包含加拿大證券法所指的前瞻性信息。此類信息包括但不限於有關期權條款和條件的信息。儘管Leocor認為這些信息是合理的,但它不能保證這樣的預期將被證明是正確的。
前瞻性信息通常由諸如“相信”、“預期”、“預期”、“打算”、“估計”、“假設”和類似的表達來識別,或者是那些從本質上指未來事件的詞語。利奧科告誡投資者,利奧科提供的任何前瞻性信息都不能保證未來的結果或業績,實際結果可能會由於各種因素而與前瞻性信息中的結果大不相同,這些因素包括但不限於:各方同意按照期權協議中規定的條款進行擬議的交易,或根本不同意;利奧科行使期權的能力;利奧科證券的金融市場狀況;如果發生期權或其中任何一項,自然資源部門的狀況。利奧科籌集必要資本的能力或完全能夠實施其業務戰略的能力;以及利奧科目前沒有意識到的其他風險和因素。讀者可參閲利奧科公司首次公開募股招股説明書,以更全面地討論適用的風險因素及其潛在影響,其副本可通過利奧科公司在SEDAR上的發行人頁面查閲,網址為www.sedar.com。
本新聞稿中包含的前瞻性陳述是截至本新聞稿發佈之日作出的。利奧可不打算也不承擔任何義務來更新或修改任何前瞻性陳述,無論是由於新信息、未來事件還是其他原因,除非法律另有要求。
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