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    LECR   CA52637G1063

LEOCOR GOLD INC.

(LECR)
Delayed CANADIAN NATIONAL STOCK EXCHANGE  -  03:59 2022-06-27 pm EDT
0.3000 CAD   -14.29%
06/23LEOCOR GOLD : Management's Discussion and Analysis at April 30, 2022.
PU
06/23LEOCOR GOLD : Interim Financial Statements at April 30, 2022.
PU
06/23Leocor Gold Inc. Reports Earnings Results for the Second Quarter and Six Months Ended April 30, 2022
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Leocor Gold Inc. Completes Phase 1 Soil Campaign at Hodges Hill Project, North Central Newfoundland, Canada

01/20/2022 | 11:14am EDT

Leocor Gold Inc. announced the completion of a soil sampling campaign, consisting of 4583 soils, on the Hodges Hill Property, consisting of nine mineral licenses totaling 1562 claims and covering 39,050 hectares (390 square km) in the southwest corner of the Western Exploit District, north central Newfoundland, Canada. This campaign forms part of a comprehensive phase one exploration program on the grassroots-stage property. The claims are host to distinct magnetic high units (Gabbros) in settings indicative of known regional gold occurrences. These rocks are associated with continental volcanism. Gabbros have long been recognized as being directly associated with gold mineralization in the Baie Verte area in occurrences such as Anaconda Mines Pine Cove deposit and more recently, the 2014 discovery by Anaconda of the Stog'er Tight and Argyle showings. The project covers major regional NE and NNW structures outlined by the regional NFLD airborne magnetic surveys. Anomalous government till sampling programs have identified gold and arsenic anomalies associated with these regional structures. Leocor is working with GroundTruth exploration on the program which The company expects to define a significant mineralized footprint. The GroundTruth method breaks down the exploration process into phases, typically defined as follows: Phase 1: Soils 100 m line separation and 25 m sampling separation; Aeromagnetic and VLF survey; Lidar Survey; Ground Magnetic survey. Phase 2: GT Probe Drilling (around areas of interest constituting potential targets); Induced Polarization across potential drill targets. Phase 3: GT Rab Drilling (typically 60m holes in fences across shallow targets). Phase 4: Diamond or Reverse Circulation drilling (once structure and orientation of target are well defined). It has recently come to light that the Central Newfoundland Gold Belt is prospective for high-grade gold associated with strong northeast trending regional structures. High-grade gold at New Found Gold's Keats showing and Labrador Gold's Big Vein target were originally discovered with regional and targeted lake, till and soil geochemical programs. Both of these showings are associated with linear 1st vertical derivative Magnetic anomalies. Much of the gold in Newfoundland appears to have been deposited in a fairly tight window of time between 437 and 375 Ma. Very similar geophysical anomalies are present on the Leocor claims and are associated with regional till anomalies identified by historical exploration (Noranda and others) and Newfoundland Government geochemical surveys. The phase 1 program was designed to follow up additional 1st derivative magnetic high linear anomalies that are associated with regional till anomalies on the claims. Detailed C- horizon soil geochemical grids will target prospective magnetic high anomalies. Samples will be collected below the oxidized B-horizon wherever possible as this layer has been identified as being a mask to underlying anomalous till sediments which are more reflective of source material Any soil anomalies identified will be followed up with prospecting, additional geochemical, geophysical, and geological programs, and drilling in future exploration programs.


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All news about LEOCOR GOLD INC.
06/23LEOCOR GOLD : Management's Discussion and Analysis at April 30, 2022.
PU
06/23LEOCOR GOLD : Interim Financial Statements at April 30, 2022.
PU
06/23Leocor Gold Inc. Reports Earnings Results for the Second Quarter and Six Months Ended A..
CI
06/23Leocor Gold Inc. Commences Drill Program on the Baie Verte Project, NW Newfoundland
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06/23Leocor Gold Commences Drill Program on the Baie Verte Project, NW Newfoundland
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06/21Leocor Gold Mobilizes Drilling Equipment to the Baie Verte Project, Nw Newfoundland
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06/21Leocor Gold Mobilizes Drilling Equipment to the Baie Verte Project, NW Newfoundland
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06/2130,000 Common Shares of Leocor Ventures Inc. are subject to a Lock-Up Agreement Ending ..
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05/20LEOCOR GOLD DEFINES 7km GOLD, COPPER TREND AT THE BAIE VERTE PROJECT, NW NEWFOUNDLAND
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05/19Leocor Gold Inc. Announces Results of the 2021 Exploration Activities and 2022 Explorat..
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Financials
Sales 2021 - - -
Net income 2021 -2,45 M -1,90 M -1,90 M
Net cash 2021 9,18 M 7,13 M 7,13 M
P/E ratio 2021 -7,47x
Yield 2021 -
Capitalization 16,3 M 12,6 M 12,6 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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