Leading Edge Notes Assays at 30% Nickel and 4.7% Cobalt at Bihor Sud
NEWS RELEASE June 1, 2023
LEADING EDGE MATERIALS CORP.
14th Floor 1040 West Georgia Street, Vancouver, BC, V6E 4H1
[email protected] | www.leadingedgematerials.com
TSX.V: LEM | Nasdaq First North: LEMSE | OTCQB: LEMIF | FRA: 7FL
TSX.V: LEM | Nasdaq First North: LEMSE | OTCQB: LEMIF
LEADING EDGE NOTES ASSAYS AT 30% NICKEL AND 4.7% COBALT AT BIHOR SUD
- Assay results from gallery walls confirm in-situ high grade Co-Ni-mineralization
- Surface trench results indicate zone of Pb-Zn-Ag-mineralization
Vancouver, June 1, 2023 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”)
(TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) (FRA: 7FL) is pleased to announce it has received
positive assay results from initial exploration trenches completed to assess potential of mineralization
extension from the known galleries, and from initial samples taken from Galleries 4 and 7.
Eric Krafft, CEO of the Company states: “These initial exploration results from Bihor Sud highlight the scale and
high-grade potential of the Bihor Sud exploration license. Access to galleries 4 and 7 was delayed due to high radon
gas levels, and required additional ventilation to be installed to enable safe access for our geologists. While
ventilation was being installed, we completed surface trench assays which potentially indicate a Pb-Zn-Ag structure
over 1km in length and is supported by the results from gallery G4. Initial results from gallery G7 underline the high-
grade Co-Ni potential. While high radon levels have delayed gallery access it is a positive sign as it is associated with
the raised uranium grades often related with the higher-grade Ni-Co zones. Channel sampling underground can
now begin in earnest.”
Surface Exploration Trenches
Three pairs of exploration trenches (Fig. 1) were hand dug to 0.5-2 metres depth and 20-56 metres in length
for a total of 246 m. Trenches S-VL1 and S-VL2 were able to be excavated to partially expose bedrock and
provide positive Zn-Pb-Ag grades. These trenches cut to the same fault system, which led to base metal
mineralization in G4 and contain Zn-Pb-Cu-Ag in carbonates. Mineralization in these trenches is both
structurally and lithologically controlled:
Sample ID Zn [%] Pb [%] Cu [%] Ag [ppm] Au [ppm] Fe [%] S [%]
SVL1C 6.12 10.50 0.30 530 0.04 11.90 2.85
SVL1C1 4.45 5.01 0.05 32 0.11 3.37 2.80
SVL1M47B 0.18 0.22 0.003 2 <0.01 5.28 <0.05
Table 1: Assay results from trench S1-VL
Sample ID Zn [%] Pb [%] Cu [%] Ag [ppm] Au [ppm] Fe [Fe] S [%]
SVL2M40 0.43 1.81 0.05 16 0.01 7.05 <0.05
SVL2M41 0.18 1.12 0.01 46 0.01 3.48 <0.05
SVL2M42 0.06 0.15 0.03 4 <0.01 2.83 <0.05
SVL2M43 0.26 0.82 0.03 16 0.01 5.65 <0.05
Table 2: Assay results from trench S2-VL
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Figure 1: License overview map showing the principal gallery locations. G4 has been recently refurbished with a ventilation system.
Of the six executed trenches, the pair northwest of the G4 gallery mouth yielded encouraging Pb-Zn-Ag-mineralization.
Trenches S1-D and S2-D, which are close to gallery G1, were excavated largely in argillic alteration with
occasional specks of copper oxide. Of the 18 samples assayed, the only mineralized one yielded 0.14 % Cu (no
other anomalous elements). G1 was developed in the 1970s as part of regional uranium exploration but
furnished “only” base metal mineralization (copper) associated with (semi-massive) pyrite. No mineralization
was found in 16 samples from trenches S1-VV and S2-VV, except for minor barite. S2-VV encountered thick
scree and did not reach bedrock for the major part.
Initial Underground Samples
Samples were collected from in situ-mineralization on the gallery walls during initial surveying. Results are
similar to those obtained from waste dump material and prove the presence of extensive mineralization,
which can be accessed underground. The samples reported from G7 in Table 3 are spaced 100-200 m and
attest a significant strike extent of the mineralization, to be mapped and channel-sampled this Summer.
Sample ID Co [%] Ni [%] Fe [%] As [%] S [%] Au [ppm]
G7236A7M10 0.53 >30.0 0.23 >10.0 1.08 0.70
G7325 0.31 0.11 1.98 0.59 0.23 0.19
G7525 4.71 13.6 2.08 >10.0 1.60 0.12
Table 3: Assay results from various types of Co-Ni-mineralization sampled in gallery G7.
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Samples collected in G4 yielded results for Zn-Pb-Cu-Ag, which developed around the G4 main axis on a major
fault system in this area.
Sample ID Zn [%] Pb [%] Cu [%] Ag [ppm] Au [ppm] Fe [%] S [%]
G4274M25I 5.51 3.24 0.23 92 0.02 20.7 3.39
G4274M26 0.94 0.99 0.56 27 0.01 20.4 1.06
G4274M27 2.59 3.31 0.95 240 0.03 15.6 1.46
G4FM 0.73 0.13 1.08 49 0.03 22.8 1.24
Table 4: Assay results from low-grade Zn-Pb-Cu-Ag-mineralization near the main axis in gallery G4.
Now that ventilation has been successful installed in G4, additional ventilation will be added to G7. The
company can now engage in its planned underground channel sampling program and follow on underground
drilling program.
Qualified Person
Martin S. Oczlon, PhD Geol, CEngMIMMM, a consultant to Leading Edge Material and Qualified Person, as
defined in NI 43-101, has reviewed and verified the technical content in this press release.
On behalf of the Board of Directors,
Leading Edge Materials Corp.
Eric Krafft, CEO
For further information, please contact the Company at:
www.leadingedgematerials.com
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About Leading Edge Materials
Leading Edge Materials is a Canadian public company focused on developing a portfolio of critical raw
material projects located in the European Union. Critical raw materials are determined as such by the
European Union based on their economic importance and supply risk. They are directly linked to high growth
technologies such as batteries for electromobility and energy storage and permanent magnets for electric
motors and wind power that underpin the clean energy transition towards climate neutrality. The portfolio of
projects includes the 100% owned Woxna Graphite mine (Sweden), Norra Karr HREE project (Sweden) and the
51% owned Bihor Sud Nickel Cobalt exploration alliance (Romania).
Additional Information
The information was submitted for publication through the agency of the contact person set out above, on
June 1, 2023, at 9:30 am Vancouver time.
Leading Edge Materials is listed on the TSXV under the symbol “LEM”, OTCQB under the symbol “LEMIF” and
Nasdaq First North Stockholm under the symbol "LEMSE". Mangold Fondkommission AB is the Company’s
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Certified Adviser on Nasdaq First North and may be contacted via email [email protected] or by phone +46 (0)
8 5030 1550.
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