Leocor Mining drills semi-massive sulphide mineralization at Copper Creek.
Leocor Mining Inc.
Suite 303, 750 West Pender Street
Vancouver, BC V6C 2T7
LEOCOR MINING DRILLS SEMI-MASSIVE SULPHIDE
MINERALIZATION AT COPPER CREEK
Vancouver, British Columbia – March 03, 2025 - Leocor Mining Inc. (the “Company” or
“Leocor”) (CSE: LECR, OTCQB: LECRF; Frankfurt: LGO0) (formerly Leocor Gold Inc.), a junior
resource company focussed on the exploration and development of gold-copper projects in
Eastern Canada, is pleased to provide an update on the ongoing drill program at the Baie
Verte project, a 2,002-ha contiguous exploration package located on the north central coast
of the island of Newfoundland in the province of Newfoundland and Labrador, Canada.
Crews completed the Copper Creek drill drilling campaign on Feb 27th after successfully
drilling 21 diamond drill holes. Drilling equipment is now remobilizing the company’s Dorset
project to explore gold mineralization targets defined by anomalous surface geochemistry,
ground magnetometer survey interpretation and the company’s previous trenching results
reported (news release dated February 20th 2025).
Following the previously reported occurrences of believed chalcopyrite mineralization in 10
of the programs first 13 holes , the company is pleased to report that at least 15 of the
campaign’s 21 holes encountered mineralization interpreted to be chalcopyrite over
various lengths and in various visually estimated abundances with 3 holes intersecting
intervals of semi-massive pyrite over drilled lengths between 0.2m and 2.2m. Highlights are
described in further detail below.
Hole 25-CC-012 intersected intermittent intervals of interpreted chalcopyrite in association
with other sulphide minerals between 10m and 80m downhole. Mineralized intervals range
between 0.3m and 3.1m in drilled length and contain interpreted chalcopyrite in visually
estimated model abundances of 0.1% (trace) to 2%. The hole’s most significant interval with
respect to chalcopyrite accumulation, 23.6m to 26.0m (2.4m length) contained a visually
estimated modal abundance of wispy chalcopyrite of 2%.
Hole 25-CC-013 intersected intermittent intervals of interpreted chalcopyrite in association
with other sulphide minerals between 11.5m and 80m downhole. Mineralized intervals
range between 0.8m to 12m in drilled length and contain interpreted chalcopyrite in visually
estimated modal abundances of 0.1% (trace) to 1%. The hole’s most significant interval,
with respect to chalcopyrite accumulation, 40.3m to 50.7m (10.4m length) contained
blebby chalcopyrite a visually estimated modal abundance of 1%.
Hole 25-CC-014 intersected intermittent intervals of interpreted chalcopyrite in association
with other sulphide minerals between 4.0m and 88.0m downhole. Mineralized intervals
range between 0.3m to 7.4m in drilled length and contain interpreted chalcopyri te in
visually estimated modal abundances of 0.1% (trace) to 15%. The hole’s most significant
interval, with respect to chalcopyrite accumulation, 43.9m to 46.2m (2.3m length)
contained a visually estimated modal abundance of banded chalcopyrite of 15% and occurs
with pyrite in visually estimated modal abundances of 10%.
Hole 25-CC-015 intersected intermittent intervals of interpreted chalcopyrite in association
with other sulphide minerals between 15.7m and 119.2m downhole. Mineralized intervals
range between 0.3m to 19.8m in drilled length and contain interpreted chalcop yrite in
visually estimated modal abundances of 0.1% (trace) to1.0%. The hole’s most significant
interval, with respect to chalcopyrite accumulation, 64.2m to 78.7m (14.5m length)
contained a visually estimated modal abundance of blebby chalcopyrite of 1.0.
Hole 25-CC-017 encountered 3 intervals of semi-massive to massive pyrite between 52.3m
and m downhole. These intervals all contain semi-massive pyrite in visually estimated modal
abundances of 30-75% with 0.1%(trace) to 0.5% Chalcopyrite.
Figure 1. Hole 25-CC-017 from 52.25m to 68.4m. Intervals of Semi-Massive pyrite mineralization are outlined in red.
Similarly, hole 25-CC-018 encountered two intervals of semi-massive pyrite 60% pyrite from
122.7m to 123m and 80% pyrite from 124m to 124.3m, both intervals 0.3m in drilled length,
and hole 25 -CC-019 encountered semi -massive pyrite in visually estimated mo dal
abundances of 40% between 58.2m and 59m downhole, 0.8m drilled length.
Hole 25 -CC-016, also intersected mineralization believed to be chalcopyrite but not in
estimated abundances or drilled lengths deemed to be significant at this time.
Additional information pertaining to holes 25-CC-020 and 25-CC-021 will be provided after
detailed logging.
It is important to note that these are preliminary observations, and the true grade and
thickness of the mineralization will only be determined once assay results are received.
Samples of mineralized intervals are being prepared for geochemical analysis by SGS, an
accredited laboratory, and the Company expects to receive results within four weeks.
Table 1 details drillhole collar information. Collar coordinates may be planned, or spot
locations as final location survey are not complete for all holes.
Hole ID Easting Northing Dip Azimuth Length
25-CC-001 556656.4 5529618.4 -45 120 194
25-CC-002 556657.4 5529617.8 -70 120 119
25-CC-003 556699.7 5529594.9 -50 120 74
25-CC-004 556701.7 5529593.3 -70 120 110
25-CC-005 556722.0 5529693.2 -50 120 110
25-CC-006 556724.2 5529691.8 -70 120 95
25-CC-007 556700.7 5529594.6 -50 300 170
25-CC-008 556740.3 5529676.7 -50 120 74
25-CC-009 556739.7 5529677.1 -70 120 69.5
25-CC-010 556707.7 5529653.2 -50 120 89
25-CC-011 556707.7 5529652.5 -70 120 62
25-CC-012 556623 5529588 -50 120 125
25-CC-013 556623 5529588 -70 120 125
25-CC-014 556625.2 5529592.9 -50 120 152
25-CC-015 556626 5529588.4 -70 120 101
25-CC-016 556595.7 5529546.9 -50 120 140
25-CC-017 556598.1 5529546.3 -50 120 62
25-CC-018 556651 5529523 -70 120 134
25-CC-019 556529.1 5529486.9 -60 120 152
25-CC-020 556528.6 5529487.4 -50 120 71
25-CC-021 556528.9 5529487.1 -70 120 80
Drill Hole Targeting
Multiple drill holes at Copper Creek recently targeted areas of known mineralization
identified in 2022 Rab drilling as well as previously mapped structures displaying
hydrothermal alteration and anomalous base and precious metal geochemistry from soil
and rock sampling. At the Dorset claim, drill targets are concentrated in areas where the
Company intersected significant gold results during its 2022 RAB drilling campaign detailed
the company’s September 19, 2023 news release . The drill program is being 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 prospective for additional gold occurrences 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.
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 our website.
Qualified Person
David Murray, P.Geo., Principal Consultant at Resourceful Geoscience Solutions Inc. , an
Independent Qualified Person within the meaning of National Instrument 43-101 Standards
of Disclosure for Minerals Projects, has reviewed and approved the technical information
presented herein.
About Leocor Mining Inc. (Formerly Leocor Gold Inc.)
Leocor Mining 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 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 ground. For more information, s ign up for news alerts, watch our
corporate video, or view our presentation at our website.
Contact Information
Leocor Mining 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
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.