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    LECR   CA52637G1063

LEOCOR GOLD INC.

(LECR)
Delayed CANADIAN NATIONAL STOCK EXCHANGE  -  05/27 03:08:58 pm EDT
0.3400 CAD   -2.86%
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05/19Leocor Gold Inc. Announces Results of the 2021 Exploration Activities and 2022 Exploration Plans on the Baie Verte Project
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05/19Leocor Gold Defines 7km Gold/Copper Trend at the Baie Verte Project, NW Newfoundland
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LEOCOR GOLD UPDATES PROGRESS AT ITS 150,000-HA GOLD EXPLORATION PORTFOLIO IN NEWFOUNDLAND, CANADA

11/19/2021 | 11:39am EDT

Vancouver - Leocor Gold Inc. (the 'Company' or 'Leocor') (CNSX: LECR.CN) (OT: LECRF) (Frankfurt: LGO) is pleased to update of our phase one programs in Newfoundland, Canada.

We are simultaneously working on phase 1 work over five different projects which are Hodges Hill, Leamington, Roberts Arm, Baie Verte, and Startrek.

The Company's district-scale Atlantic Gold Portfolio comprises 152,822 hectares (586-sq miles) of prospective gold claims in three separate mining districts: 1) Baie Vert Project combines the Dorset, Dorset Extension, Five Mile Brook, and Copper Creek areas. 2) Western Exploit District is home to the Hodges Hill, Leamington, and Roberts Arm projects. 3) Gander district is home to the Startrek project

The Baie Verte Project is the subject of a large soil sampling campaign designed principally to give a reliable geochemical targeting base to an area with significant historical exploration.

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, 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 the 6,847-ha grassroots Startrek project near Gander, as well as three 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

Contact:

Alex Klenman

Tel: (604) 970-4330

Email: aklenman@leocorgold.com

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.

(C) 2021 Electronic News Publishing, source ENP Newswire

All news about LEOCOR GOLD INC.
05/20LEOCOR GOLD DEFINES 7km GOLD, COPPER TREND AT THE BAIE VERTE PROJECT, NW NEWFOUNDLAND
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Financials
Sales 2021 - - -
Net income 2021 -2,45 M -1,92 M -1,92 M
Net cash 2021 9,18 M 7,20 M 7,20 M
P/E ratio 2021 -7,47x
Yield 2021 -
Capitalization 18,2 M 14,3 M 14,3 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 58,5%
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Managers and Directors
Alexander Klenman President, Chief Executive Officer & Director
Heidi Gutte Chief Financial Officer
Wayne Newman Reid Director
Alexander Stares Director
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