Leocor Gold receives drill permits for upcoming winter campaign at Newfoundland Gold Projects.
Leocor Gold Inc.
Suite 303, 750 West Pender Street
Vancouver, BC V6C 2T7
Leocor Gold Receives Drill Permits for Upcoming
Winter Campaign at Newfoundland Gold Projects
Vancouver, British Columbia – January 7, 2025 - Leocor Gold Inc. (the “Company” or
“Leocor”) (CSE: LECR, OTCQB: LECRF ), a resource company focussed on the development
of gold-copper projects in Eastern Canada, is pleased to provide an update on its upcoming
drill campaign at the Baie Verte project, an approximately 2,000-ha contiguous exploration
package located in north central Newfoundland, Canada.
The Company is pleased to report it has received permit approval for its proposed upcoming
drill program. Drill targets have been finalized (see Company news release dated December
17) at both the Copper Creek and Dorset claims within its Baie Verte project area.
Geological personnel are anticipated to mobilize on or around January 10 to flag trails and
site holes. Drill equipment and crew are expected to arrive shortly thereafter. Drilling is
scheduled to begin after trails and other logistics are completed, approximately five days
after drill team arrival. Updates will be provided closer to mobilization.
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.
Leocor’s geological team, led by Resourceful Geosciences, and the dill crew (Rally Drill
Services), will be conducting the drill program under the supervision of David Murray, P.
Geo, president of Resourceful Geosciences.
The Dorset project is highly prospective for additional high -grade gold zones and the 202 5
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.
2
Figure 1: Location of the Baie Verte Project, NW Newfoundland
For more information regarding Leocor’s Baie Verte Project , including detailed figures,
assessment details , and historic data, please visit: https://leocorgold.com/projects/baie-
verte-district/.
Qualified Person
The technical information contained in this press release has been previously published and
was reviewed and approved at that time by Mike Kilbourne, P. Geo, and Jodie Gibson, P.
Geo, both independent qualified persons as defined in National Instrument 43-101.
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,
3
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, Copp er Creek
and Five Mile Brook projects, creating a contiguous nearly 2,000 -hectare exploration
corridor. The Company also controls district scale land packages in North Central
Newfoundland, known as Robert’s Arm, Hodge’s Hill, and Leamington, (collectivel y
“Western Exploits”) representing over 144,000 hectares (1,440 square kilometers) of
prospective exploration ground. For more information, s ign up for news alerts, watch our
corporate video, or view our presentation at https://leocorgold.com/.
Contact Information
Leocor Gold Inc.
Alex Klenman, Chief Executive Officer
Email : [email protected]
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
4
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.