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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温哥华,不列颠哥伦比亚省-新闻通讯社-十一月十八日, 2021 - 利奥科黄金公司(Leocor Gold Inc.)(“公司“或”利奥科尔") (CNSX:LECR。Cn)(OT:LECRF) (法兰克福:LGO)很高兴更新我们在加拿大纽芬兰的第一阶段计划。我们正在同时进行五个不同项目的第一阶段工作,这五个项目是霍奇斯山、利明顿、罗伯茨ARM、Baie Verte和Startrek。
该公司的地区规模的大西洋黄金投资组合包括三个独立矿区的152,822公顷(586平方英里)的潜在黄金主张:
1)Baie Vert项目结合了多塞特、多塞特延伸、五里溪和铜溪地区。
2)西部开发区是霍奇斯山、利明顿和罗伯茨ARM项目的所在地。
3)甘德区是星际迷航项目的所在地
Baie Verte项目是一个大型土壤采样活动的主题,其主要目的是为一个具有重大历史勘探意义的地区提供一个可靠的地球化学目标基地。从4940个土壤的初始两阶段计划中,我们收集了约4650个土壤,见图1。
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图1:截至7日,贝耶韦尔特的土壤采样进度2021年11月。
西部开发区在很大程度上是一个产生性的项目,因此,土壤采样是目前使用的主要工具。截至7日收集的土壤TH图2、图3和图4分别列出了2021年11月的数据。
西部开发第一阶段土壤完工状况
属性计划抽样空样本收集完成百分比
罗伯特手臂4,006 3,119 400 2,718 78%
利明顿4948 3201 285 2915 65%
霍奇山5,165 1,815 180 1,636 35%
在星际迷航项目中,我们现在正处于最初约4140项计划的后期阶段。从最初的4140个计划,我们将秋季计划减少到优先土壤~3170个,在这2395个土壤中,我们已经收集了7个2021年11月。大约有775种土壤需要收集才能完成这场运动,见图5。
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图2:Roberts ARM截至7日的土壤采样进度2021年11月
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图3:Leamington Arm截至7日的土壤采样进度2021年11月
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图4:截至7日霍奇斯山的土壤采样进度2021年11月
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图5:截至7日,星际迷航的土壤采样进度2021年11月
勘探计划将在第四季度的剩余时间和新的一年中继续取得进展。有关钻探活动的最新情况将在未来几周内提供。
National Instrument 43-101披露
Paul David Robinson博士,P.Geo,是National Instrument 43-101定义的合格人员。罗宾逊博士监督了本新闻稿中技术信息的准备工作。
关于Leocor Gold Inc.
Leocor Gold Inc.是一家总部位于不列颠哥伦比亚省的资源公司,从事贵金属项目的收购和勘探,目前重点放在大西洋加拿大。通过直接所有权和收益协议,Leocor目前控制着位于多产的Baie Verte矿区黄金勘探区的几个金铜项目。利奥科的Bae Verte项目组合包括多塞特、多塞特延伸、铜溪和五英里溪项目,形成了一条毗连的近2000公顷的勘探走廊。该公司还控制着甘德附近6847公顷的草根Startrek项目,以及纽芬兰中北部的三个地区规模的地块,即罗伯特手臂、霍奇山和利明顿,这些地块统称为“西部开发”,代表着超过14.4万公顷(1440平方公里)的远景勘探
联系信息
利奥科黄金公司(Leocor Gold Inc.)
首席执行官亚历克斯·克伦曼(Alex Klenman)
电子邮件:aklenman@leocorgold.com
电话:(604)970-4330
加拿大证券交易所及其监管服务提供商(该术语在加拿大证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任.
有关前瞻性信息的警告性声明
本新闻稿包含加拿大证券法所指的前瞻性信息。此类信息包括但不限于有关期权条款和条件的信息。尽管Leocor认为这些信息是合理的,但它不能保证这样的预期将被证明是正确的。
前瞻性信息通常由诸如“相信”、“预期”、“预期”、“打算”、“估计”、“假设”和类似的表达来识别,或者是那些从本质上指未来事件的词语。利奥科告诫投资者,利奥科提供的任何前瞻性信息都不能保证未来的结果或业绩,实际结果可能会由于各种因素而与前瞻性信息中的结果大不相同,这些因素包括但不限于:各方同意按照期权协议中规定的条款进行拟议的交易,或根本不同意;利奥科行使期权的能力;利奥科证券的金融市场状况;如果发生期权或其中任何一项,自然资源部门的状况。利奥科筹集必要资本的能力或完全能够实施其业务战略的能力;以及利奥科目前没有意识到的其他风险和因素。读者可参阅利奥科公司首次公开募股招股说明书,以更全面地讨论适用的风险因素及其潜在影响,其副本可通过利奥科公司在SEDAR上的发行人页面查阅,网址为www.sedar.com。
本新闻稿中包含的前瞻性陈述是截至本新闻稿发布之日作出的。利奥可不打算也不承担任何义务来更新或修改任何前瞻性陈述,无论是由于新信息、未来事件还是其他原因,除非法律另有要求。
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