Leocor Mining Plans VTEM Survey at the Baie Verte Gold- Copper Project, Newfoundland
Leocor Mining Inc.
Suite 303, 750 West Pender Street
Vancouver, BC V6C 2T7
Leocor Mining Plans VTEM Survey at the Baie Verte Gold-
Copper Project, Newfoundland
Vancouver, British Columbia – March 12, 2026 - 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 precious metals
projects in Eastern Canada , is pleased to announce it is planning a VTEM Survey (the
“Survey”) at the Company’s 2,002-ha contiguous Baie Verte gold-copper exploration
project. The Baie Verte project (the “Project”) is situated on the north central coast of the
island of Newfoundland in the province of Newfoundland and Labrador, Canada.
The Survey will cover the entire project area and will generate critical informative data the
Company will utilize to assess and determine primary targets for follow -up drilling. Last
summer's drill program identified a VMS style mineralizing system within the Copper Creek
section of the Baie Verte project (see News Release dated July 8, 2025) . The fundamental
premise of applying electromagnetic (EM) methods to VMS exploration is the strong
conductivity contrast between the massive sulphide mineralization and the surrounding
host lithologies.
“We’re eager to get follow up drilling completed at Baie Verte,” said Alex Klenman, CEO of
Leocor Mining. “The discovery of VMS style mineralization last year was significant and the
case to continue drilling, particularly at Copper Creek, is certainly co mpelling. The survey
will aid greatly in prioritizing drill targets as we move forward with the development of the
Baie Verte project,” continued Mr. Klenman.
VMS deposits are syngenetic accumulations of sulphide minerals that form through
hydrothermal discharge in submarine volcanic environments, typically occurring as lenses
of polymetallic massive sulphide. These systems are characterized by two primary
components: a stratabound lens containing over sixty percent sulphide minerals and an
underlying discordant stringer or stockwork zone composed of vein -type mineralization
within an envelope of altered rocks. Both intersected in last year's drill program.
The electromagnetic signature of a VMS deposit is primarily a function of its mineralogical
composition and the connectivity of conductive grains. Common sulphide minerals such as
pyrite, pyrrhotite, and chalcopyrite possess extremely high electrical condu ctivity, often
resulting in orebodies with very low resistivities compared to host rocks like rhyolites,
andesites, or sedimentary sequences. This contrast can span up to five or more orders of
magnitude, providing ideal conditions for the induction of edd y currents during a time -
domain EM survey.
The VTEM system operates on the principle of time -domain electromagnetic induction. A
transmitter coil, carried by a helicopter, generates a primary electromagnetic field by
passing a powerful current through a large loop. In VTEM, this current follows a t riangular
ramp or polygonal waveform that is rapidly terminated. The collapse of this primary field
induces eddy currents in any nearby conductive bodies in the subsurface, such as a massive
sulphide lens. These induced currents generate a secondary magnetic field that decays over
time. VTEM measures the time rate of change of this secondary field using induction coil
receivers during the "off-time" between transmitter pulses.
More details will be provided once the survey dates are finalized.
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, A
Consultant to Leocor is 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 ~2,000-hectare exploration
corridor. For more information, sign 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
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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
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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.
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