Leocor Mining’s Successful Drill Program at Baie Verte Project
Vancouver, BC – March 25, 2025 – Leocor Mining Inc. (“Leocor” or the “Company”), a leading junior resource company focused on the exploration and development of precious metals projects in Eastern Canada, is thrilled to share the successful completion of its recent drill program at the Baie Verte project. Located on the north central coast of Newfoundland in the province of Newfoundland and Labrador, Canada, the 2,002-ha contiguous gold-copper exploration package is home to the base metal and gold prospects, Copper Creek and Dorset, respectively.
Completion of Drill Program
The drill program, which commenced in late January 2025, was executed by crews from Rally Drilling and Resourceful Geoscience Solutions. The program comprised 27 drillholes, totaling 3,040.5m. The drilling operations concluded on March 18, 2025, marking a significant milestone for Leocor.
Significant Discoveries at Copper Creek and Dorset Prospects
The drill program at the Baie Verte project has yielded promising results, with both the Copper Creek and Dorset prospects demonstrating potential for significant mineral deposits. At Copper Creek, drill hole BC25-01 intersected 10.4m of 0.69% copper and 0.11 g/t gold. Meanwhile, at Dorset, drill hole BS25-03 revealed 16.2m of 0.42 g/t gold, highlighting the potential for both base metals and gold discoveries.
Impact on Leocor and the Mining Industry
For Leocor, the successful completion of the drill program at Baie Verte represents a significant step forward in the Company’s growth strategy. With promising results from the drill program, Leocor is poised to advance these prospects towards production, creating potential value for its shareholders. Furthermore, the success of the program underscores Leocor’s commitment to exploration and development in the Eastern Canadian region.
Global Ramifications
Beyond Leocor, the successful drill program at Baie Verte is likely to have broader implications for the mining industry. The discovery of significant mineral deposits in Newfoundland and Labrador could attract increased investment and interest in the region. Furthermore, the potential for enhanced cooperation between Canadian mining companies and local governments could lead to a more collaborative and sustainable approach to mineral exploration and development.
Conclusion
Leocor Mining’s recent drill program at the Baie Verte project has yielded promising results, with significant discoveries at both the Copper Creek and Dorset prospects. The successful completion of the program marks a significant step forward for Leocor and the mining industry, with potential implications for the Company’s growth and the broader mining sector in Eastern Canada and beyond. As Leocor continues to explore and develop its precious metals projects, it remains committed to delivering value to its shareholders and contributing to a sustainable and responsible mining industry.
- Leocor Mining completes drill program at Baie Verte project.
- Significant discoveries at Copper Creek and Dorset prospects.
- Potential implications for Leocor’s growth and the mining industry.
- Increased investment and interest in Eastern Canada’s mining sector.
- Collaborative and sustainable approach to mineral exploration and development.
