Leocor Gold receives DTC eligibility
Leocor Gold Inc.
Suite 303, 750 West Pender Street
Vancouver, BC V6C 2T7
LEOCOR GOLD RECEIVES DTC ELIGIBILITY
Vancouver, British Columbia , Canada – November 2, 2020 - Leocor Gold Inc. (the
“Company” or “ Leocor”) (CSE: LECR) is pleased to announce its common shares are now
eligible for electronic clearing and settlement through the Depository Trust Company
(DTC). DTC is a subsidiary of the Depository Trust & Clearing Corp. (DTCC) that manages
the electronic clearing and settlement of publicly traded companies in the United States.
Leocor’s common shares are now fully DTC eligible and will continue to trade under the
ticker symbol “ LECRF” on the OTC Markets. Through an electronic method of clearing
securities, DTC eligibili ty simplifies the process o f trading and transferring the Company's
common shares between brokerages in the United States.
“We are pleased that Leocor is now DTC eligible,” says Alex Klenman, CEO of Leocor Gold.
“We are actively engaged in pursuing new avenues to broad en our story a nd receiving
DTC eligibilit y is a critical step in th at process. With the receipt of DTC eligibility, our
common shares will become accessible to Unit ed States investors, both retail and
institutional and with Newfoundland becoming one of the most compelling jurisdictions to
explore in recent y ears, we ’re eager to introduce L eocor to the largest market in the
world,” continued Mr. Klenman.
Leocor Gold in Baie Verte, Newfoundland
Leocor controls over 1600 -hectares in the hist oric Baie Verte Mining District, one of the
more productive gold and base metal mining regions in Canada. The former Terra Nova
base metal mine – one of several copper mines of the region, which operated during the
late 1880’s to early 1900’s – lies 200 m eters west of Leocor’s Copper Cr eek claims.
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Former gold minin g operations in the area include the Goldenvill e mine (of 1903 -1906),
located 8 km NE of the property, and the more recent Nugg et Pond mine (1997-2000) of
the eastern Baie Verte Peninsula area. Currently producing mines in the area include the
Rambler base m etal-gold mine (1961 -present), located 14 km ESE of Baie Verte, and the
Pine Cove Mine and Stogertite deposit (collectively, 2011-present) located 1.6 km and 5.4
km NE of the Company’s project claims.
The Company’s Dorset Gold Project is a 275 -hectare gold explorati on project, located
south of the Pine Cove gold mine, Baie Verte mining district , north-central Newfoundland,
Canada, with multiple zones of high-grade gold mineralization . A number of high-target
areas have bee n delineated for follow -up, based on the hist oric work, which includes the
following highlights*:
• Dorset - 408 grams-per-tonne (“g/t”) gold (“Au”) (grab sample), 41.6 g/t Au over
1.5 metres (channel) and 9.5 g/t Au over 1.3 m in a diamond drill hole;
• Dorset ex tension - 56 g/t Au over 2.5 m (channel) and 2.32 g/t Au over 0.5 m
(diamond drill hole);
• Braz - 314 g/t Au (grab), 40 g/t Au (grab) and 5.8 g/t over 1.9 m (channel);
• Gunshot - 162 g/t Au (grab), 18 g/t Au over 0.4 m (channel) and 5.73 g/t over 0.55
m (diamond drill hole);
• Central carbonate zone - 5.5 g/t Au (grab), 4.6 g/t Au (grab) and 0.6 g/t Au over 5.5
m (channel).
Historical results at the Company’s Copper Creek project include 3.9 g/t Au over 4 meters
in a channel sample, and 16 g/t Au, 11.35 g/t Au, 9.20 g/t Au, 8.23 g/t Au, 7.33 g/t in grab
samples*. The Company ’s Five Mile B rook project has been subject to minimal
exploration in the past but shows potentially important geological continu ity to the
Company’s Dorset Gold Project, which lies directly contiguous to the northern boundary.
* (Noranda, 1988-1990; Anaconda Mining 2004; Chan 2013)
Note: the reader is ca utioned that rock grab samples are selective by nature and m ay not
represent the true grade or style of mineralization across the property.
Wayne Reid, P. Geo., a qualified person as defined in National Instrument 43 -101, has
reviewed and approved the technical information contained in this news release.
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Figure 1: Leocor Gold holdings in the Baie Verte Peninsula, central Newfoundland, Canada
About Leocor Gold Inc.
Leocor Gold Inc is a British Columbia-based resource company involved in the a cquisition
and exp loration of precious metal projects, with a current focus in Atlantic Canada.
Leocor is a reporting issuer in British Columbia, Alberta and Ontario, and has its com mon
shares listed for trading on the Cana dian Securiti es Exchange under t he symbol "LECR".
Leocor, through outight ownership and earn-in agreements, currently controls over 1600-
hectares of prime exploration ground in the prolific Baie Verte Mining District, proximal to
known deposits and currently producing mines, i ncluding Anaconda M ining’s Pine Cove
Mine and Stogertite deposit, and Rambler Metals’ Ming Mine.
Contact Information
Leocor Gold Inc.
Alex Klenman, Chief Executive Officer
Email: [email protected]
Telephone: (604) 970-4330
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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
Agreement or at all; Leocor's ability to exercise the Option; the state of the financial
markets for Leocor's securities; the state of the natural resources sector in the event the
Option is 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.