Leocor Mining Plans VTEM Survey at the Baie Verte Gold-Copper Project, Newfoundland

Executive Summary

• Leocor Mining Inc. announced plans to conduct a VTEM time‑domain electromagnetic survey over its 2,002‑ha Baie Verte gold‑copper project in Newfoundland.
• The survey will generate high‑resolution conductivity data to prioritize drill targets following the July 2025 discovery of VMS‑style mineralization at Copper Creek.
• Survey dates are pending; results are expected to guide follow‑up drilling and further development of the Baie Verte corridor.

Key Details

• Project Scope: Full coverage of the contiguous Baie Verte exploration area (~2,000 ha) on the north‑central coast of Newfoundland.
• Survey Objective: Acquire electromagnetic (EM) data to identify conductive anomalies associated with massive sulphide mineralization for VMS targets.
• Technical Rationale: VMS deposits exhibit strong conductivity contrasts (e.g., pyrite, pyrrhotite, chalcopyrite) versus surrounding host rocks; VTEM can detect resistivity differences of up to five orders of magnitude.
• Methodology: Helicopter‑borne VTEM system emits a triangular/polygonal waveform; induced eddy currents in conductive bodies generate secondary magnetic fields measured during off‑time intervals.
• Historical Context: Last summer’s drill program (July 8, 2025) intersected VMS-style mineralization within the Copper Creek section, confirming a syngenetic massive sulphide system.
• Management Quote: “We’re eager to get follow up drilling completed at Baie Verte… The survey will aid greatly in prioritizing drill targets as we move forward with the development of the Baie Verte project,” – Alex Klenman, CEO.
• Qualified Person: David Murray, P.Geo., Principal Consultant, Resourceful Geoscience Solutions, reviewed and approved the technical information per NI 43‑101 standards.
• Next Steps: Survey dates to be finalized; detailed results will be released subsequently to inform drilling campaign planning.

Notable Quotes

“The discovery of VMS style mineralization last year was significant and the case to continue drilling, particularly at Copper Creek, is certainly compelling.” – Alex Klenman, CEO, Leocor Mining Inc.