Leocor plans survey at Baie Verte

Executive Summary

• Leocor Mining Inc. is planning a VTEM (Very Time Electromagnetic) survey covering its entire 2,002-hectare Baie Verte gold-copper project in Newfoundland and Labrador.
• The survey aims to generate critical data to identify and prioritize primary targets for follow-up drilling, building on last summer's discovery of volcanogenic massive sulphide (VMS) style mineralization at the Copper Creek section.
• The company highlights the strong conductivity contrast between massive sulphide mineralization and host lithologies as the basis for using electromagnetic methods to locate subsurface orebodies.

Key Details

• Project Location: Baie Verte gold-copper project, north-central coast of Newfoundland, Canada.
• Project Size: 2,002 hectares of contiguous land.
• Survey Type: VTEM (Very Time Electromagnetic) survey.
• Survey Scope: Covers the entire project area.
• Objective: To assess and determine primary targets for follow-up drilling based on electromagnetic signatures.
• Previous Exploration Context: Last summer's drill program (July 8, 2025) identified a VMS-style mineralizing system within the Copper Creek section.
• Geological Target: VMS deposits characterized by stratabound lenses (>60% sulphide minerals) and underlying discordant stringer/stockwork zones.
• Technical Basis: VMS deposits exhibit extremely high electrical conductivity (low resistivity) compared to host rocks (rhyolites, andesites, sedimentary sequences), creating a conductivity contrast of up to five or more orders of magnitude, which is ideal for induction of eddy currents during time-domain EM surveys.
• Qualified Person: David Murray, PGeo, principal consultant at Resourceful Geoscience Solutions, has reviewed and approved the technical information.
• Next Steps: More details will be provided once survey dates are finalized.

Notable Quotes

• "We're eager to get follow-up drilling completed at Baie Verte... The discovery of VMS style mineralization last year was significant, and the case to continue drilling, particularly at Copper Creek, is certainly compelling. The survey will aid greatly in prioritizing drill targets as we move forward with the development of the Baie Verte project." — Alex Klenman, CEO