LECRF - Leocor Gold Applaudes Intrepid Metals Recent Drill Results at the Corral Copper Property Arizona USA

(TheNewswire)

Vancouver, BritishColumbia – July 11, 2024 – TheNewswire – Leocor Gold Inc. (the “ Company ” or“ Leocor ”) (CSE: LECR,OTCQB: LECRF) is pleased to update shareholders on recentsignificant news from Intrepid Metals (TSX.V: INTR), a Canadian company focused on exploring for high-gradeessential metals such as copper, silver, lead, and zinc mineralprojects in proximity to established mining jurisdictions insoutheastern Arizona, USA.

In January of this year, the Company announced thecompletion (see Company news release dated January 8, 2024) of a CDN$3M strategic investment in Intrepid for the purpose of advancingIntrepid’s world class copper and gold projects in Arizona.

On July 9, Intrepid announced final results from itsinitial drill program on the Corral Copper Property in Cochise County,Arizona. The final three holes contain the highest-grade interceptfrom the initial drill program and are all located within the RingoZone, which is located along the southern margin of the3.5-kilometer-long trend of near surface copper-gold-silver-zincmineralization.

Highlights from the final drill holes include:

• 112.95 meters (“m”) of 1.50% Copper (“Cu”),0.53 grams per ton (“gpt”) Gold (“Au”) and 8.22 gpt Silver(“Ag”) (1.66% Copper Equivalent (“CuEq”)1 ) in HoleCC24_023

  • including 63.40m of 2.57% Cu, 0.91 gpt Au and 14.14 gptAg (2.83% CuEq1)

  • 13.40m of 6.72% Cu, 1.49 gpt Au and 46.93 gpt Ag (6.90%CuEq1) and

  • 1.40m of 20.20% Cu, 8.51 gpt Au and 250.00 gpt Ag(23.85% CuEq1).

• 64.95m of 0.84% Cu, 0.35 gpt Au and 2.83 gpt Ag (0.96%CuEq1 ) in Hole CC24_025

  • including 15.65m of 1.55% Cu, 0.55 gpt Au and 2.52 gptAg (1.71% CuEq1)

  • and 3.80m of 2.75% Cu, 1.07 gpt Au and 8.25 gpt Ag(3.13% CuEq1).

“We’ve ended our initial drill program at Corralwith our best results,” stated Ken Brophy, Chief Executive Officerof Intrepid. “We are just beginning to scratch the surface of thepotential with shallow and high-grade copper and gold mineralizationwithin private lands at Corral Copper. We’ve completed additionalmapping and are compiling all the data we have collected to date. Thiswill guide our planning for our next drill program, which weanticipate taking place later this year.”

“On behalf of our management team and the Board ofDirectors of Leocor, we would like to extend our congratulations toIntrepid’s team for these significant drill results,” said AlexKlenman, CEO of Leocor Gold.  “The success of the initial drillprogram confirms the tremendous upside at Corral.  As we enter a newera of copper demand in the years ahead, these results will do much togenerate value for shareholders of both Intrepid and Leocor.  As amajor shareholder of Intrepid, we look forward to the next phase ofdevelopment at Corral,” continued Mr. Klenman.

Technical Information

All scientific and technical information in this newsrelease has been prepared by, or approved by Daniel MacNeil, P.Geo.Mr. MacNeil is a Technical Advisor to Intrepid Metals and is aqualified person for the purposes of National Instrument 43-101 -Standards of Disclosure for Mineral Projects. Mr. MacNeil has verifiedthe drilling data disclosed in this news release, including the assayand test data underlying the information or opinions contained in thisnews release. Mr. MacNeil verified the data disclosed (or underlyingthe information disclosed) in this news release by reviewing importedand sorted assay data; checking the performance of blank samples andcertified reference materials; reviewing the variance in fieldduplicate results; and reviewing grade calculation formulas. Mr.MacNeil detected no significant QA/QC issues during review of the dataand is not aware of any sampling, recovery or other factors that couldmaterially affect the accuracy or reliability of the drilling datareferred to in this news release.

About Leocor Gold Inc.

Leocor Gold Inc. is a British Columbia-based resourcecompany involved in the acquisition and exploration of precious metalprojects, with a current focus in Atlantic Canada.  Leocor, throughoutright ownership and earn-in agreements, currently controls severalgold-copper projects in prime exploration ground located within theprolific Baie Verte Mining District.  Leocor’s Bae Verte portfolioincludes the Dorset, Dorset Extension, Copper Creek and Five MileBrook projects, creating a contiguous nearly 2,000-hectare explorationcorridor.  The Company also controls district scale land packages inNorth Central Newfoundland, known as Robert’s Arm, Hodge’s Hill,and Leamington, (collectively “Western Exploits”) representingover 144,000 hectares (1,440 square kilometers) of prospectiveexploration ground.

Contact Information

Leocor Gold Inc.

Alex Klenman, Chief Executive Officer

Email : aklenman@leocorgold.com

Telephone : (604) 970-4330

Neither the CanadianSecurities Exchange nor its Regulation Services Provider (as that termis defined in the policies of the Canadian Securities Exchange)accepts responsibility for the adequacy or accuracy of thisrelease .

Cautionary Statements RegardingForward-Looking Information

This press release containsforward-looking information within the meaning of Canadian securitieslaws. Such information includes, without limitation, informationregarding the terms and conditions of the Option. Although Leocorbelieves that such information is reasonable, it can give no assurancethat such expectations will prove to be correct.

Forward looking information istypically identified by words such as: “believe”, “expect”,“anticipate”, “intend”, “estimate”, “postulate” andsimilar expressions, or are those, which, by their nature, refer tofuture events. Leocor cautions investors that any forward-lookinginformation provided by Leocor is not a guarantee of future results orperformance, and that actual results may differ materially from thosein forward looking information as a result of various factors,including, but not limited to: the agreement of the parties to proceedwith the proposed transaction on the terms set out in the OptionAgreements or at all; Leocor's ability to exercise the Options; thestate of the financial markets for Leocor's securities; the state ofthe natural resources sector in the event the Option, or any of them,are completed; recent market volatility; circumstances related toCOVID-19; Leocor's ability to raise the necessary capital or to befully able to implement its business strategies; and other risks andfactors that Leocor is unaware of at this time. The reader is referredto Leocor's initial public offering prospectus for a more completediscussion of applicable risk factors and their potential effects,copies of which may be accessed through Leocor’s issuer page onSEDAR at www.sedar.com.

The forward-looking statementscontained in this press release are made as of the date of this pressrelease. Leocor disclaims any intention or obligation to update orrevise any forward-looking statements, whether as a result of newinformation, future events or otherwise, except as required bylaw.

Copyright (c) 2024 TheNewswire - All rights reserved.