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(TheNewswire)
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All figures are stated in Canadian dollars unless otherwise noted.
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Inca Minerals
Investor Insight
With a clear, execution-focused strategy, Inca Minerals is poised to become a leading gold and antimony exploration company in Australia. The company is led by an experienced management team dedicated to unlocking value through strategic exploration and resource development.
Overview
Inca Minerals (ASX:ICG) is an Australia-focused exploration company targeting high-grade gold and gold-antimony mineralization. The company’s strategy is underpinned by its recent acquisition of Stunalara Metals, a transformational deal that strengthens its portfolio with high-grade exploration assets. The Hurricane project in Northern Queensland is Inca’s key focus, offering exceptional exploration potential in a region with significant structural controls for mineralization. With a strong macro backdrop of record gold prices and increasing demand for critical minerals, Inca is well-positioned to capitalize on this market opportunity.
Inca Minerals' primary objective is to advance the flagship Hurricane project through an aggressive exploration strategy. The company plans to initiate shallow drilling in Q2 2025, targeting high-priority gold-antimony mineralization identified from rock chip sampling and structural mapping. Concurrently, Inca is conducting geophysical and geochemical surveys to refine drill targets and expand the exploration footprint, ensuring a comprehensive approach to unlocking the project’s full potential.
Recognizing the increasing demand for critical minerals, Inca is strategically positioning itself as a key player in the antimony market. With China imposing export restrictions on this vital commodity, global supply constraints present a significant opportunity for Inca. The company aims to capitalize on this trend by advancing its high-grade gold-antimony deposits at Hurricane, demonstrating the economic viability of the project. Additionally, Inca is focused on educating the market about antimony’s essential role in energy transition, defence and high-tech applications, further reinforcing its value proposition to investors.
Beyond Hurricane, Inca is committed to maintaining a balanced and de-risked exploration portfolio. The company plans to commence fieldwork at the Mt Read project in Tasmania in late 2025, evaluating its potential for polymetallic mineralization, including copper, lead, zinc and gold.
Company Highlights
- The flagship Hurricane project in Northern Queensland features exceptional gold and antimony grades, with assays returning up to 81.5 g/t gold and 35.1 percent antimony. Despite its strong potential, the project remains undrilled, offering a first-mover advantage in an underexplored high-grade system.
- A shallow, cost-effective drilling campaign in Q2 2025 aims to define a maiden gold-antimony resource at Hurricane, with the potential to deliver rapid upside for shareholders.
- Inca Minerals’ acquisition of Stunalara Metals significantly expands its footprint across Queensland, Tasmania and Western Australia, strengthening its exposure to high-value gold and critical minerals like antimony.
- With China restricting antimony exports and global supply tightening, Inca is well-positioned to benefit from rising demand across the energy storage, defense and high-tech sectors.
- Northern Queensland has seen limited modern exploration compared to Western Australia. Inca is leveraging advanced techniques to uncover new high-grade gold-antimony systems.
- Led by an experienced team with a track record of discovery success, Inca maintains a disciplined capital allocation strategy to maximize shareholder value
Key Projects
Hurricane Project
The Hurricane project is Inca Minerals’ flagship asset, located in Northern Queensland, approximately 110 km west-northwest of Cairns. The project consists of three tenements positioned within a structurally favorable corridor between the Hurricane and Retina Faults. The project is highly prospective for gold and antimony mineralization, with multiple high-grade targets identified through historical and recent rock chip sampling.
Recent assay results from Hurricane confirm the presence of significant gold and antimony grades, with highlights including 81.5 grams per ton (g/t) gold at Hurricane South, 12.95 g/t gold at Hurricane North, and 35.1 percent antimony at Bouncer. Despite these impressive surface results, the project remains undrilled, offering a rare opportunity to test a virgin high-grade gold-antimony system. The mineralization is epithermal in nature, hosted within structurally controlled quartz veins that show strong alteration signatures, suggesting a robust hydrothermal system.
Gold and antimony prospects at the Hurricane project
Inca plans to commence an initial shallow drilling program in Q2 2025, targeting the highest-priority areas identified from geochemical and structural mapping. The company is also conducting geophysical surveys and additional rock chip sampling to refine its understanding of the mineralized system and expand its exploration footprint.
With a strong technical basis and excellent exploration upside, Hurricane is positioned as a potential near-term discovery opportunity for high-grade gold and antimony resources.
Mt Read Project
The Mt Read project is an early-stage exploration asset located in Tasmania, a region well-known for its polymetallic mineralization. While not the immediate focus of Inca’s exploration strategy, Mt Read presents a significant longer-term opportunity for base metals, including copper, lead, zinc and, potentially, gold. The project is situated within a geologically prospective setting that has seen limited modern exploration.
Fieldwork at Mt Read is expected to begin in late 2025, following the advancement of the Hurricane project. Initial exploration efforts will include geological mapping, geochemical sampling and geophysical surveys to identify potential drill targets. While still in its infancy, Mt Read aligns with Inca’s strategy of securing highly prospective projects in stable jurisdictions with strong mineral endowments.
Management Team
Adam Taylor – Non-executive Chairman
Adam Taylor brings more than 20 years of experience in the civil construction and mining sectors. As CEO of a family-owned group of businesses, he oversees operations in mining, construction, waste management, dewatering and infrastructure maintenance across Western Australia. His core competencies include business management, strategy development, contract negotiation and implementing innovative solutions.
Trevor Benson – Chief Executive Officer
Trevor Benson has extensive experience in the mining and finance sectors, having worked with mining companies, investment banks and finance houses. He has completed mergers and acquisitions and capital market transactions across various natural resources and related industries. Benson holds a Bachelor of Science from the University of Western Australia.
Brad Marwood – Non-executive Director
With more than 40 years in the mining and exploration industry, Brad Marwood has held executive roles, including CEO and managing director positions at various companies, including Middle Island Resources and Tiger Resources. An engineer by training, he has been responsible for over 50 feasibility studies and has secured $500 million in funding for project development. His expertise encompasses exploration, project implementation, operational management and strategic planning.
Andrew Haythorpe – Non-executive Director
Andrew Haythorpe has more than 30 years of experience in the resources and investment industries. His background includes roles as a geologist with CRA, mining analyst with Suncorp and Hartleys, and fund manager at Bankers Trust, managing more than $40 billion. He has raised over $200 million for junior companies and led Crescent Gold from an $8 million explorer to a $250 million gold producer. Haythorpe currently serves as a director of Allup Silica and a non-executive director of Tempest Minerals.
Advancing high-grade gold-antimony project in Northern Queensland
SCRi Announces Seventh Consecutive Quarter of Revenue Growth Averaging 300% Year on Year
TORONTO, ON TheNewswire - March 26, 2025 Silver Crown Royalties Inc. ( Cboe: SCRI, OTCQX: SLCRF, BF: QS0 ) ( "Silver Crown" "SCRi" the "Corporation" or the "Company" ) is pleased to announce the release of its financial results for the year ended December 31, 2024. The Company has filed its audited consolidated financial statements, management's discussion & analysis and annual information form for the year ended December 31, 2024 on SEDAR+ ( www.sedarplus.ca ) and will be uploading these filings to its website today.
In the fourth quarter of fiscal 2024, SCRi recorded revenue of $234,702 based on the minimum aggregate quarterly payments of the cash equivalent (" Minimum Payments ") of 5,500 silver ounces under its royalties compared to the previous quarter's revenue of $164,425 that was based on Minimum Payments of 4,245 silver ounces. SCRi revenue for the fourth quarter of fiscal 2023 was $52,976 based on Minimum Payments of 1,837 silver ounces.
Silver Ounce and Revenue Growth Profile
Source: SEDAR+, company filings
Summary of Quarterly Results
Three months ended December 31, 2024 | Three months ended September 30, 2024 | Three months ended December 31, 2023 | |
Attributable Silver Ounces | 5,500 1 | 4,245 | 1,837 |
% change (Q/Q and Y/Y) | 30% | 199% | |
Revenue | $234,702 | $164,425 | $52,976 |
% change (Q/Q and Y/Y) | 43% | 343% |
1 Note: The Minimum Payment due for the fourth quarter of fiscal 2024 on the Company's royalty on the PGDM Complex owned by a
subsidiary Pilar Gold Inc. remains overdue and outstanding.
Peter Bures, Silver Crown's Chief Executive Officer, commented, "I'm happy to announce that Q4 of 2024 marks our seventh consecutive quarter of growth in revenue that is based on underlying silver ounces earned under various royalty agreements. This milestone reflects our ability to execute our strategy as well as the drive and dedication of our team. Looking back, our full-year 2024 revenue has climbed to $581,337 from $124,772 in 2023, a 366% increase - a significant achievement for our team and shareholders. We note that with the early payment of the PPX/Igor 4 royalty, Q1 2025 is expected to be another record silver payment and revenue quarter."
ABOUT Silver Crown Royalties INC.
Founded by industry veterans, Silver Crown Royalties ( Cboe: SCRI | OTCQX: SLCRF | BF: QS0 ) is a publicly traded, silver royalty company. Silver Crown (SCRi) currently has four silver royalties of which three are revenue-generating. Its business model presents investors with precious metals exposure that allows for a natural hedge against currency devaluation while minimizing the negative impact of cost inflation associated with production. SCRi endeavors to minimize the economic impact on mining projects while maximizing returns for shareholders. For further information, please contact:
Peter Bures, Chairman and CEO
Telephone: (416) 481-1744
Email: pbures@silvercrownroyalties.com
FORWARD-LOOKING STATEMENTS
This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, " We note that with the early payment of the PPX/Igor 4 royalty, Q1 2025 is expected to be another record silver payment and revenue quarter"- . Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRi will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRi's ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRi to its royalty interests; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRi; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRi's business, operations and financial condition, loss of key employees. SCRi has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRi undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available.
This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Leocor Mining Completes Drill Campaign at the Baie Verte Copper-Gold Project, Newfoundland
(TheNewswire)
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Vancouver, British Columbia March 25, 2025 TheNewswire - Leocor Mining Inc. (the " Company " or " Leocor ") (CSE: LECR, OTCQB: LECRF; Frankfurt: LGO0) (formerly Leocor Gold Inc.), a junior resource company focussed on the exploration and development of precious metals  projects in Eastern Canada, is pleased to announce that its recent drill program at the Baie Verte project ("The Project") a 2,002-ha contiguous gold-copper exploration package located on the north central coast of the island of Newfoundland in the province of Newfoundland and Labrador, Canada, has been completed.
Crews from Rally Drilling and Resourceful Geoscience Solutions have demobilized from the Project site on March 18 th after completing 27 drillholes totalling 3040.5m at the project's base metal and gold prospects, Copper Creek and Dorset, respectively.
Drilling at the Copper Creek claims comprised 21 diamond drillholes totalling 2308.5 meters. 18 of the 21 Copper Creek drillholes encountered mineralization interpreted to be chalcopyrite over various lengths and in various visually estimated abundances. Previously disclosed Copper Creek highlights included:
43.9m to 46.2m (2.3m length) in hole 25-CC-014 containing a visually estimated modal abundance of banded chalcopyrite of 15% with pyrite in visually estimated modal abundances of 10%.
20m to 33.4m (13.4m drilled length) in hole 25-CC-012 containing blebby chalcopyrite in a visually estimated modal abundance of 1%.
133.6m to 138m (4.4m drilled length) in hole 25-CC-007 containing blebby chalcopyrite in a visually estimated modal abundance of 3%.
Holes 25-CC-015, -017, -019 and -020 intersected intervals of semi-massive pyrite over drilled lengths between 0.2m and 2.2m. Â Figure 1 below, first released on March 3 rd , illustrates an interval of semi-massive pyrite mineralization observed in drill hole 25-CC-017.
Click Image To View Full Size
Figure 1 : Hole 25-CC-017 from 52.25m to 68.4m. Intervals of Semi-Massive pyrite mineralization are outlined in red.
The Company awaits assay results from 1671 samples from Copper Creek drilling.
Drilling at the Dorset gold prospect comprised six holes totalling 732 meters. Highlights of the Dorset drilling include intersecting a pyrite mineralized quartz vein with a drilled length of 1.1 meters in hole 25-DR-005 (Figure 2).
Click Image To View Full Size
Figure 2 : Hole 25-DR-005 32.0m to 49.1m, featuring a 1.1m long pyrite mineralized quartz vein from 36.5m to 37.6m downhole, outlined in red.
The Company awaits assay results from 655 samples of drill core from Dorset drillholes.
It is important to note that these are preliminary observations, and the true grade and thickness of the mineralization will only be determined once assay results are received. Samples of mineralized intervals are being prepared for geochemical analysis by SGS, a Standards Council of Canada (SCC) accredited laboratory. As of March 21, 2025, the laboratory confirmed 205 samples from Copper Creek are currently being processed, with an estimated date of completion within the next four weeks.
Table 1 details drillhole collar information:
Hole ID | Easting | Northing | Dip | Azimuth | Length |
25-CC-001 | 556656.4 | 5529618.4 | -45 | 120 | 194 |
25-CC-002 | 556657.4 | 5529617.8 | -70 | 120 | 119 |
25-CC-003 | 556699.7 | 5529594.9 | -50 | 120 | 74 |
25-CC-004 | 556701.7 | 5529593.3 | -70 | 120 | 110 |
25-CC-005 | 556722.0 | 5529693.2 | -50 | 120 | 110 |
25-CC-006 | 556724.2 | 5529691.8 | -70 | 120 | 95 |
25-CC-007 | 556700.7 | 5529594.6 | -50 | 300 | 170 |
25-CC-008 | 556740.3 | 5529676.7 | -50 | 120 | 74 |
25-CC-009 | 556739.7 | 5529677.1 | -70 | 120 | 69.5 |
25-CC-010 | 556707.7 | 5529653.2 | -50 | 120 | 89 |
25-CC-011 | 556707.7 | 5529652.5 | -70 | 120 | 62 |
25-CC-012 | 556623.0 | 5529588.0 | -50 | 120 | 125 |
25-CC-013 | 556623.0 | 5529588.0 | -70 | 120 | 125 |
25-CC-014 | 556625.2 | 5529592.9 | -50 | 120 | 152 |
25-CC-015 | 556626.0 | 5529588.4 | -70 | 120 | 101 |
25-CC-016 | 556595.7 | 5529546.9 | -50 | 120 | 140 |
25-CC-017 | 556598.1 | 5529546.3 | -50 | 120 | 62 |
25-CC-018 | 556651.0 | 5529523.0 | -70 | 120 | 134 |
25-CC-019 | 556529.1 | 5529486.9 | -60 | 120 | 152 |
25-CC-020 | 556528.6 | 5529487.4 | -50 | 120 | 71 |
25-CC-021 | 556528.9 | 5529487.1 | -70 | 120 | 80 |
25-DR-001 | 555060.8 | 5527022.5 | -45 | 140 | 173 |
25-DR-002 | 555034.3 | 5527067.0 | -45 | 140 | 125 |
25-DR-003 | 555061.7 | 5527020.5 | -70 | 140 | 128 |
25-DR-004 | 555107.8 | 5526982.8 | -45 | 140 | 131 |
25-DR-005 | 555376.6 | 5527045.0 | -45 | 140 | 86 |
25-DR-006 | 555359.8 | 5527075.2 | -45 | 140 | 89 |
Click Image To View Full Size
Figure 3: Location of the Baie Verte Project, NW Newfoundland
For more information regarding Leocor's Baie Verte Project, including detailed figures, assessment details, and historic data, please visit our website .
Qualified Person
David Murray, P.Geo., Principal Consultant at Resourceful Geoscience Solutions Inc., an Independent Qualified Person within the meaning of National Instrument 43-101 Standards of Disclosure for Minerals Projects, has reviewed and approved the technical information presented herein.
About Leocor Mining Inc. (Formerly Leocor Gold Inc.)
Leocor Mining Inc. is a British Columbia-based resource company involved in the acquisition and exploration of precious metal projects, with a current focus in Atlantic Canada. Leocor, through outright ownership and earn-in agreements, currently controls several gold-copper projects in prime exploration ground located within the prolific Baie Verte Mining District. Leocor's Bae Verte portfolio includes the Dorset, Dorset Extension, Copper Creek and Five Mile Brook projects, creating a contiguous nearly 2,000-hectare exploration corridor. The Company also controls district scale land packages in North Central Newfoundland, known as Robert's Arm, Hodge's Hill, and Leamington, (collectively "Western Exploits") representing over 144,000 hectares (1,440 square kilometers) of prospective exploration ground. For more information, sign up for news alerts , watch our corporate video , or view our presentation at our website .
Contact Information
Leocor Mining Inc.
Alex Klenman, Chief Executive Officer
Email : aklenman@leocorgold.com
Telephone : (604) 970-4330
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release .
Cautionary Statements Regarding Forward-Looking Information
This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the terms and conditions of the Option. Although Leocor believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct.
Forward looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. Leocor cautions investors that any forward-looking information provided by Leocor is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to: the agreement of the parties to proceed with the proposed transaction on the terms set out in the Option Agreements or at all; Leocor's ability to exercise the Options; the state of the financial markets for Leocor's securities; the state of the natural resources sector in the event the Option, or any of them, are completed; recent market volatility; circumstances related to COVID-19; Leocor's ability to raise the necessary capital or to be fully able to implement its business strategies; and other risks and factors that Leocor is unaware of at this time. The reader is referred to Leocor's initial public offering prospectus for a more complete discussion of applicable risk factors and their potential effects, copies of which may be accessed through Leocor's issuer page on SEDAR at www.sedar.com.
The forward-looking statements contained in this press release are made as of the date of this press release. Leocor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Leocor Mining Completes Drill Campaign at the Baie Verte Copper-Gold Project, Newfoundland
(TheNewswire)
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Vancouver, British Columbia March 25, 2025 TheNewswire - Leocor Mining Inc. (the " Company " or " Leocor ") (CSE: LECR, OTCQB: LECRF; Frankfurt: LGO0) (formerly Leocor Gold Inc.), a junior resource company focussed on the exploration and development of precious metals  projects in Eastern Canada, is pleased to announce that its recent drill program at the Baie Verte project ("The Project") a 2,002-ha contiguous gold-copper exploration package located on the north central coast of the island of Newfoundland in the province of Newfoundland and Labrador, Canada, has been completed.
Crews from Rally Drilling and Resourceful Geoscience Solutions have demobilized from the Project site on March 18 th after completing 27 drillholes totalling 3040.5m at the project's base metal and gold prospects, Copper Creek and Dorset, respectively.
Drilling at the Copper Creek claims comprised 21 diamond drillholes totalling 2308.5 meters. 18 of the 21 Copper Creek drillholes encountered mineralization interpreted to be chalcopyrite over various lengths and in various visually estimated abundances. Previously disclosed Copper Creek highlights included:
43.9m to 46.2m (2.3m length) in hole 25-CC-014 containing a visually estimated modal abundance of banded chalcopyrite of 15% with pyrite in visually estimated modal abundances of 10%.
20m to 33.4m (13.4m drilled length) in hole 25-CC-012 containing blebby chalcopyrite in a visually estimated modal abundance of 1%.
133.6m to 138m (4.4m drilled length) in hole 25-CC-007 containing blebby chalcopyrite in a visually estimated modal abundance of 3%.
Holes 25-CC-015, -017, -019 and -020 intersected intervals of semi-massive pyrite over drilled lengths between 0.2m and 2.2m. Â Figure 1 below, first released on March 3 rd , illustrates an interval of semi-massive pyrite mineralization observed in drill hole 25-CC-017.
Click Image To View Full Size
Figure 1 : Hole 25-CC-017 from 52.25m to 68.4m. Intervals of Semi-Massive pyrite mineralization are outlined in red.
The Company awaits assay results from 1671 samples from Copper Creek drilling.
Drilling at the Dorset gold prospect comprised six holes totalling 732 meters. Highlights of the Dorset drilling include intersecting a pyrite mineralized quartz vein with a drilled length of 1.1 meters in hole 25-DR-005 (Figure 2).
Click Image To View Full Size
Figure 2 : Hole 25-DR-005 32.0m to 49.1m, featuring a 1.1m long pyrite mineralized quartz vein from 36.5m to 37.6m downhole, outlined in red.
The Company awaits assay results from 655 samples of drill core from Dorset drillholes.
It is important to note that these are preliminary observations, and the true grade and thickness of the mineralization will only be determined once assay results are received. Samples of mineralized intervals are being prepared for geochemical analysis by SGS, a Standards Council of Canada (SCC) accredited laboratory. As of March 21, 2025, the laboratory confirmed 205 samples from Copper Creek are currently being processed, with an estimated date of completion within the next four weeks.
Table 1 details drillhole collar information:
Hole ID | Easting | Northing | Dip | Azimuth | Length |
25-CC-001 | 556656.4 | 5529618.4 | -45 | 120 | 194 |
25-CC-002 | 556657.4 | 5529617.8 | -70 | 120 | 119 |
25-CC-003 | 556699.7 | 5529594.9 | -50 | 120 | 74 |
25-CC-004 | 556701.7 | 5529593.3 | -70 | 120 | 110 |
25-CC-005 | 556722.0 | 5529693.2 | -50 | 120 | 110 |
25-CC-006 | 556724.2 | 5529691.8 | -70 | 120 | 95 |
25-CC-007 | 556700.7 | 5529594.6 | -50 | 300 | 170 |
25-CC-008 | 556740.3 | 5529676.7 | -50 | 120 | 74 |
25-CC-009 | 556739.7 | 5529677.1 | -70 | 120 | 69.5 |
25-CC-010 | 556707.7 | 5529653.2 | -50 | 120 | 89 |
25-CC-011 | 556707.7 | 5529652.5 | -70 | 120 | 62 |
25-CC-012 | 556623.0 | 5529588.0 | -50 | 120 | 125 |
25-CC-013 | 556623.0 | 5529588.0 | -70 | 120 | 125 |
25-CC-014 | 556625.2 | 5529592.9 | -50 | 120 | 152 |
25-CC-015 | 556626.0 | 5529588.4 | -70 | 120 | 101 |
25-CC-016 | 556595.7 | 5529546.9 | -50 | 120 | 140 |
25-CC-017 | 556598.1 | 5529546.3 | -50 | 120 | 62 |
25-CC-018 | 556651.0 | 5529523.0 | -70 | 120 | 134 |
25-CC-019 | 556529.1 | 5529486.9 | -60 | 120 | 152 |
25-CC-020 | 556528.6 | 5529487.4 | -50 | 120 | 71 |
25-CC-021 | 556528.9 | 5529487.1 | -70 | 120 | 80 |
25-DR-001 | 555060.8 | 5527022.5 | -45 | 140 | 173 |
25-DR-002 | 555034.3 | 5527067.0 | -45 | 140 | 125 |
25-DR-003 | 555061.7 | 5527020.5 | -70 | 140 | 128 |
25-DR-004 | 555107.8 | 5526982.8 | -45 | 140 | 131 |
25-DR-005 | 555376.6 | 5527045.0 | -45 | 140 | 86 |
25-DR-006 | 555359.8 | 5527075.2 | -45 | 140 | 89 |
Click Image To View Full Size
Figure 3: Location of the Baie Verte Project, NW Newfoundland
For more information regarding Leocor's Baie Verte Project, including detailed figures, assessment details, and historic data, please visit our website .
Qualified Person
David Murray, P.Geo., Principal Consultant at Resourceful Geoscience Solutions Inc., an Independent Qualified Person within the meaning of National Instrument 43-101 Standards of Disclosure for Minerals Projects, has reviewed and approved the technical information presented herein.
About Leocor Mining Inc. (Formerly Leocor Gold Inc.)
Leocor Mining Inc. is a British Columbia-based resource company involved in the acquisition and exploration of precious metal projects, with a current focus in Atlantic Canada. Leocor, through outright ownership and earn-in agreements, currently controls several gold-copper projects in prime exploration ground located within the prolific Baie Verte Mining District. Leocor's Bae Verte portfolio includes the Dorset, Dorset Extension, Copper Creek and Five Mile Brook projects, creating a contiguous nearly 2,000-hectare exploration corridor. The Company also controls district scale land packages in North Central Newfoundland, known as Robert's Arm, Hodge's Hill, and Leamington, (collectively "Western Exploits") representing over 144,000 hectares (1,440 square kilometers) of prospective exploration ground. For more information, sign up for news alerts , watch our corporate video , or view our presentation at our website .
Contact Information
Leocor Mining Inc.
Alex Klenman, Chief Executive Officer
Email : aklenman@leocorgold.com
Telephone : (604) 970-4330
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release .
Cautionary Statements Regarding Forward-Looking Information
This press release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the terms and conditions of the Option. Although Leocor believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct.
Forward looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "postulate" and similar expressions, or are those, which, by their nature, refer to future events. Leocor cautions investors that any forward-looking information provided by Leocor is not a guarantee of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including, but not limited to: the agreement of the parties to proceed with the proposed transaction on the terms set out in the Option Agreements or at all; Leocor's ability to exercise the Options; the state of the financial markets for Leocor's securities; the state of the natural resources sector in the event the Option, or any of them, are completed; recent market volatility; circumstances related to COVID-19; Leocor's ability to raise the necessary capital or to be fully able to implement its business strategies; and other risks and factors that Leocor is unaware of at this time. The reader is referred to Leocor's initial public offering prospectus for a more complete discussion of applicable risk factors and their potential effects, copies of which may be accessed through Leocor's issuer page on SEDAR at www.sedar.com.
The forward-looking statements contained in this press release are made as of the date of this press release. Leocor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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LaFleur Minerals Provides Update on Beacon Mill Restart, Results of Annual General and Special Meeting, and Swanson Gold Deposit Exploration and Drilling Updates
LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to provide the following corporate updates.
BEACON GOLD MILL RESTART AND SWANSON GOLD PROJECT UPDATES
The Beacon Mill is a fully refurbished and permitted gold mill situated in Val-d'Or, Québec, on the mineral-rich Abitibi Greenstone Belt, where LaFleur Minerals is laser focused on restarting gold production using large bulk samples and mineralized material from nearby gold deposits. With the price of gold in excess of USD$3,000 per ounce, many nearby deposits can be quickly monetized using the Company's 100%-owned Beacon Mill. The mill's operating capacity exceeds 750 tons per day and is strategically located in a highly prospective mining region for gold exploration and development, within an area that is host to over 100 historical and currently operating mines. The advancement of operations at the Beacon Mill has transformational qualities for the Company, evolving it from explorer to a near term gold producer in a Tier 1 jurisdiction with significant upside potential.
Figure 1: Photo of interior of Beacon Mill currently undergoing detailed inspections for restart
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Figure 2: Photo of exterior of Beacon Mill in Val-d'Or, Québec
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Equipment inspections, parts inventory, and maintenance work continues on a full-time basis at the Company's Beacon Gold Mill as part of its restart program (Figure 1 and Figure 2). A final plan and budget to restart the mill will be completed by ABF Mines by late April once final inspections are complete. The Company has also engaged an environmental services company based in Val-d'Or, Québec to complete a federal government requirement to assess and monitor the environmental effects on the tailings and finishing ponds at the Beacon tailings storage facility ("TSF"). In addition, the Company will be engaging an engineering firm to complete a geotechnical assessment/inspection of the TSF and complete any required repairs or upgrades prior to commencing production at the mill. The Company remains committed to restart production at the Beacon Mill to process bulk samples and/or for custom milling purposes prior to the end of 2025, or once all required restart work has been completed and final approvals have been received by the Québec government.
SWANSON GOLD PROJECT UPDATES
The Swanson Gold Project holds a large position in an attractive mining jurisdiction, extending over 16,000 hectares in size and includes several prospects rich in gold and critical metals, previously held by Monarch Mining, Abcourt Mines, and Globex Mining. The consolidated Swanson Gold Project covers a major structural break that hosts the Swanson, Bartec, and Jolin gold targets along with numerous other significant gold showings. The Swanson Gold Project is easily accessible by road with a rail line running through the property, allowing direct access to the Beacon Gold Mill, further enhancing its development potential. The Swanson Gold Project has had in excess of 36,000 metres of historical drilling, which underscores the advanced exploration and development potential of the project, which includes several favourable gold bearing regional structures and deformation corridors extending across the property. Since acquiring the Swanson deposit and consolidating the large claims package, the Company has deployed in excess of $1 million in flow-through funds, completed detailed soil geochemistry and prospecting across several gold targets, completed a very-high resolution airborne magnetic and VLF-EM geophysical survey, and is currently in the process of completing a ground IP survey over the Swanson, Jolin, and Bartec gold deposits. All of this work has allowed the Company to refine priority drill-ready targets and help derisk the upcoming diamond drilling program. Several new promising gold targets have been identified from the recent surface exploration and geophysics programs, highlighting the potential for mineral resource growth and new discoveries at Swanson.
The Company has submitted an application for a diamond drilling permit to the Québec government for the Swanson Gold Project and will be sending Requests for Quotes (RFQ) to local drilling contractors, with drilling expected to commence in the spring at the Swanson, Bartec, Jolin and other recently delineated gold targets.
RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING
LaFleur Minerals also announces the results of its Annual General and Special Meeting ("AGSM") held on March 7, 2025. All matters presented at the AGSM were approved by shareholders including: (1) the Company's 10% Rolling Share Option Plan for continuation for a further three years, (2) the Company's 20% Restricted Share Unit Plan for continuation for a further three years, and (3) the Company's acquisition of an exclusive option to acquire 100% interest in and to certain mining claims and a mining lease located in the Province of Québec, pursuant to the terms and conditions of an option agreement entered into between the Company and BullRun Capital Inc. dated September 17, 2024 (refer to the Company's news release dated September 24, 2024).
EXERCISE OF WARRANTS
Additionally, the Company also announces that it has received total gross proceeds of $816,750 from the exercise of 7,425,000 warrants (the "Warrants"). The Warrants were issued in relation to a private placement completed in March 2023 and had an expiry date of March 14, 2025, which were exercised in full.
QUALIFIED PERSON STATEMENT
All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo., Technical Advisor to the Company and considered a Qualified Person for the purposes of NI 43-101.
About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill and Property, which have significant potential to deliver long-term value. The Swanson Gold Project is over 16,000 hectares (160 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road with a rail line running through the property allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Minerals' fully-refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.
ON BEHALF OF LAFLEUR MINERALS INC.
Paul Ténière, P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com
LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding "Forward-Looking" Information
This news release includes certain statements that may be deemed "forward-looking statements." All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, without limitation, statements related to the use of proceeds from the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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