Maiden Drill Program At The Copper Creek Prospect

VANCOUVER – Leocor Mining Inc. reported on the exploration and development of precious metals  projects in Eastern Canada, is pleased to report final assay results from its recently completed maiden drilling program at the Copper Creek prospect, located within the 2,002-ha contiguous Baie Verte gold-copper exploration package. The complete geochemical results support preliminary interpretations that Copper Creek represents the stockwork feeder zone of a Volcanogenic Massive Sulphide (VMS) mineralizing system. In addition to stockwork chalcopyrite mineralization the program identified additional hallmarks of VMS systems including anomalous zinc mineralization and lenses of massive and semi-massive pyrite.

3.6m of 1.49 % Cu Including 0.9m of 3.22 % Cu within 6.1m of 0.99 % Cu in hole CC-25-001 beginning at 31.7m downhole. 6.6m of 0.44 % Cu Including 0.6m of 1.97 % Cu in hole CC-25-002 beginning at 15.2m downhole. 3.6m of 0.66 % Cu Including 1.8m of 0.92 % Cu Within 6.0m of 0.45 % Cu in hole 25-CC-006 beginning at 19.0m downhole.  4.1m of 0.56 % Cu Including 1.4m of 1.43 % Cu in hole 25-CC-014 beginning at 45.7m downhole. 3.0m of 0.34 % Zn Including 1.0m of 0.69% Zn in hole 25-CC-006 beginning at 47m downhole.

Modelling work is underway to place these results within the geological context of the project and the Company is planning follow-up exploration activities to evaluate the potential of this mineral system.

“We are excited and encouraged by these results. Copper Creek’s maiden diamond drilling program has succeeded in identifying a VMS mineralization system at Copper Creek confirming the favorable geological setting at our Baie Verte Project,” said CEO, Alex Klenman. “There is much work ahead of us to now fully evaluate the potential of the VMS  system and we’re eager to get boots back on the ground to follow up this discovery.”

The Baie Verte Peninsula has a well documented mineral endowment which includes several past producing VMS mines. Bedrock geology of the project area includes mafic volcanic and metasedimentary sequences of the Notre-Dame Subzone of the Dunnage Zone of the Newfoundland Appalachians. The Notre-Dame Subzone is characterized by Ordovician submarine bimodal volcanics, metasedimentary rocks and ophiolite sequences from a volcanic arc environment. This geological setting is consistent with the development of exhalative and replacement type VMS deposits. The most notable occurrences within the Notre Dame Subzone on the Baie Verte Peninsula include the past producing Terra Nova, Rambler, and Tilt Cove Mines.