Leocor Mining (CSE:LECR) has provided an update on its ongoing drill program at the Baie Verte project in Newfoundland and Labrador, Canada. The junior resource company, focused on gold-copper exploration in Eastern Canada, has been conducting drilling operations at the Copper Creek prospect within the 2,002-hectare project area.

The company has completed 13 of 19 planned drill holes in the campaign, with ongoing drilling efforts. Recent drilling has yielded occurrences of mineralization interpreted to be chalcopyrite in eight of the 11 subsequent drill holes following initial findings in holes 25-CC-001 and 25-CC-002. The details of the mineralization findings in specific holes have been outlined based on preliminary observations.

Drill hole 25-CC-005 encountered intermittent intervals of interpreted chalcopyrite mineralization between 5.3 meters and 40.4 meters downhole. Mineralized sections varied in length between 0.4 meters and 3.8 meters, with estimated modal abundances ranging from trace amounts (0.1%) to 2%. The most notable section was from 31.4 meters to 33.4 meters, where a 2-meter interval contained an estimated 2% blebby chalcopyrite.

Drill hole 25-CC-007 intersected intermittent intervals of interpreted chalcopyrite mineralization from 100.6 meters to 162.4 meters downhole. The mineralized sections ranged in length from 0.1 meters to 10.8 meters, with estimated modal abundances varying from trace levels (0.1%) to 3%. The most significant interval, from 133.6 meters to 138 meters, contained a visually estimated 3% blebby chalcopyrite over 4.4 meters.

Drill hole 25-CC-010 revealed mineralization between 11.5 meters and 22 meters downhole. The mineralized intervals ranged between 1.1 meters and 2.9 meters, with estimated modal chalcopyrite abundances of up to 3%. The most significant section was observed between 20 meters and 22 meters, containing a visually estimated 3% blebby chalcopyrite over a 2-meter length.

Other drill holes, including 25-CC-006, 25-CC-009, and 25-CC-011, encountered mineralization believed to be chalcopyrite, but the estimated abundances and lengths were not considered significant at this time. Additional findings from holes 25-CC-012 and 25-CC-013 will be disclosed following detailed logging and analysis.

The company emphasized that these findings are preliminary, and the true mineralization grade and thickness will be determined once assay results are available. Samples from mineralized intervals are being prepared for geochemical analysis at SGS, an accredited laboratory. The results are expected within approximately four weeks.

Drilling operations continue with the development of trails and leveling of drill pads at Copper Creek. Preparations are also underway for future drilling at the Dorset prospect, targeting gold mineralization. These targets have been defined through surface geochemistry, ground magnetometer survey interpretation, and previous trenching results.

Drill targeting at Copper Creek focuses on areas of known mineralization identified in 2022 RAB drilling, along with structures exhibiting hydrothermal alteration and anomalous geochemistry based on previous soil and rock sampling. At the Dorset claim, drilling will concentrate on areas where significant gold results were obtained during the 2022 RAB drilling campaign, which were detailed in the company’s September 19, 2023, news release. The drill program is being supervised by David Murray, P.Geo, president of Resourceful Geosciences, and further updates are expected early next week.

The Dorset project remains a key prospect for further gold exploration, with the 2025 drill program targeting priority zones within a prominent 1 x 2 km gold-in-soil anomaly identified in 2022.

Beyond Baie Verte, Leocor controls a district-scale land package in North Central Newfoundland, referred to as Western Exploits, comprising the Robert’s Arm, Hodge’s Hill, and Leamington projects. This extensive landholding covers over 144,000 hectares of prospective exploration ground.

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

The post Leocor Mining Advances Drilling at Baie Verte Project, Reports Chalcopyrite Mineralization appeared first on MiningFeeds.