(TheNewswire)
Vancouver, British Columbia – TheNewswire - May 11th, 2022: Leopard Lake Gold Corp. (the " Company "or " Leopard Lake ") (CSE:LP)is pleased to announce that Leopard Lake and the Institut National deRecherche Scientifique (the " INRS ") have setup a research collaboration project focused on the exploration of theCompany's St-Robert property in the Beauce region of Quebec,approximately 140km southwest of Quebec City (the " St-Robert Property "). The goal of the project is to identify intrusiverocks and deep mineralization most likely present under thesedimentary rocks, which could be the source for the assemblage ofmetals, observed in the mineralized veins on surface.
St-Robert Property
The St-Robert Property contains numerous sources ofmineralization in pyrite-scheelite-molybdenite-stibine-chalcopyrite(tr.) (north zone), pyrite-galena-scheelite (central zone) andsphalerite-silver-rich galena-pyrite-cosalite (south zone) (Wares, 1985; Cattalani, 1987; Athurion,2013 ).
According to Wares (1985) , the mineralization of theSt-Robert Property would be associated with a magmato-hydrothermaltype system. The cluster of polymetallic showings would be centeredabove a very strong semi-circular, low frequency aeromagnetic anomalysuggesting the presence of an intrusive mass at depth. The latterwould be responsible for the injection of numerous granodioriticporphyritic dykes and also mafic dykes. In addition, Wares (1985) suggeststhat at depth, the mineralized system could gradually transform intocopper-bearing porphyries and possibly into skarns. Geologicalcontexts, sharing many similarities, are observed in the formerMurdochville mining camp (Gaspé area) and also in southern NewBrunswick (Mount Pleasant W-Mo-Bi porphyry deposit) ( Kooiman et al., 1986 ).
This geological setting shares several similaritieswith vein mineralization settings commonly observed distal to porphyrymineralizations. The following figure shows the metalliferous zoningand the type of mineralization frequently observed in a context ofporphyry mineralization ( Sinclair, 2007 ) with an indication of theexploration target(s) for St-Robert research program.
Figure1 . Simplified geologicalmodel of a classical porphyry deposit associated with an intrusivemass. Note the presence of proximal mineralizations near the plutonand distal vein mineralizations in the crustal rocks above theintrusive mass. Source: Sinclair (2007).
St-Robert Property Exploration
Professor MarcRicher-Laflèche , PhD., who is also ScientificHead of the Applied Geoscience Laboratory at the INRS Eau TerreEnvironment Research Centre, will lead the research effort at theSt-Robert Property, consisting of:
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High-resolution drone magnetic survey to have data withsufficient spatial resolution to detect mineralized zones of metricthickness. The flight of the drone is at low altitude in order tomaximize the signal coming from shallow sources.
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Soil-gas survey to locate large mineralized zones ofpolymetallic sulphides (porphyry mineralizations). The following gaseswill be analyzed at very low concentrations: SO S, CS , CO , CH , , and AsH . The soil-gasmethod will provide additional information in order to validate thequality of IP anomalies and identify if the chargeability anomalieswould originate more from graphite or sulphidemineralization.
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Ultratrace sub-surface atmospheric mercury gas surveyto search for narrow (metric) gold zones on the St. Robert Property. This method is carried simultaneously with the soil gassurvey.
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GeoElectric Tomography Survey to produce data andimages which make it possible to visualize the variations in thethickness of the Quaternary deposits and to evaluate the depth of thebedrock. In addition to electrical resistivity, the method measureselectrical chargeability (IP) which makes it possible to check thepresence of sulphides in the rock present under the sedimentaryoverburden.
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High penetration Audio Magnetic Survey (AMT) to imageof the electrical resistivity and electrical conductivity of theterrain at depths of up to more than 1500m. This technique makes itpossible to detect semi-massive and massive sulphide ore bodies, andalso hydrothermal alteration envelopes normally associated withmineralized deposits. The AMT method is very efficient to locatemajor faults and shear zones, which may be related to oreformation.
Professor Richer-Laflèche's research focuses ongeophysical and geochemical studies and covers various applicationsfrom mining geophysics to marine geoscience and even archaeology. The team at the Applied Geoscience Laboratory conducts geophysicalstudies for mineral, oil and gas exploration, geotechnics, andarchaeology. The research facility has the required equipment andexpertise for geoelectrical tomography, electromagnetic induction,gravity, radiometric, aquatic, magnetrometry, audiomagnetotelluricssurveys, and field logistics.
Mr. Robert Coltura, CEO of Leopard Lake, commented,"We are excited to enter into this agreement with INRS, whichwill allow the Company to further investigate for an intrusive mass atdepth at the St-Robert Property. The amount of past historical workand mining activity on the St-Robert Property demonstrates thepresence of polymetallic mineralization at surface, and our objectivenow is to apply a systematic exploration approach to identify optimaldrill targets at depth."
Qualified Person
Donald Théberge P.Eng, a qualified person as definedby National Instrument 43-101 – Standards of Disclosure for MineralProjects , has reviewed the scientific andtechnical information that forms the basis for this news release andhas approved the disclosure herein. Mr. Théberge is independent ofthe Company.
About Leopard Lake Gold Corp.
Leopard Lake is engaged in the business of mineralexploration and the acquisition of mineral property assets in Canada,including the St-Robert Property, which is comprised of 4 miningclaims in Beauceville and 102 mining claims in the Riseborough andMarlow Townships in St. Robert Bellarmin, Quebec, and the Stellaproperty located in the Abitibi region of Northwestern Quebec, made upof 52 contiguous mining claims for a total of 2,987 hectares,approximately 65 kilometres east of the town of Val d-Or. Itsobjective is to locate and develop economic precious and base metalproperties of merit and to conduct its exploration program on theLeduc Gold Project. The Leduc Gold Project consists of 9 unpatentedmining claims (114 cells) which covers an area of approximately 2,290hectares near Jellicoe, Ontario, Canada, within the Thunder Bay MiningDivision.
For additional information, and to view a copy of thisnews release in French, please visit the Company's website at:www.leopardlake.ca
OnBehalf of Leopard Lake Gold Corp.
Robert Coltura
Chief Executive Officer andPresident
For further information, pleasecontact:
Robert Coltura
Chief Executive Officer and President
(604) 290-6152
Forward-Looking Statements:
This news release contains forward-looking statementsand forward-looking information (collectively, "forward lookingstatements") within the meaning of applicable Canadian and U.S.securities legislation. All statements, other than statements ofhistorical fact, included herein including, without limitation, statements about the Company's research collaboration project with INRS, statementsregarding the planned exploration to be conducted on the St-RobertProperty and the results thereof , and theanticipated business plans and timing of future activities of theCompany, are forward looking statements. Although the Companybelieves that such statements are reasonable, it can give no assurancethat such expectations will prove to be correct. Forward-lookingstatements are typically identified by words such as:"believes", "will", "expects","anticipates", "intends", "estimates","plans", "may", "should","potential", "scheduled", or variations of suchwords and phrases and similar expressions, which, by their nature,refer to future events or results that may, could, would, might orwill occur or be taken or achieved. In making the forward-lookingstatements in this news release, the Company has applied severalmaterial assumptions, including without limitation, that that therewill be investor interest in future financings, market fundamentalswill result in sustained precious metals demand and prices, thereceipt of any necessary permits, licenses and regulatory approvals inconnection with the future exploration and development of theCompany's projects in a timely manner, the availability of financingon suitable terms for the exploration and development of the Company'sprojects and the Company's ability to comply with environmental,health and safety laws.
The Company cautions investors that any forward-lookingstatements by the Company are not guarantees of future results orperformance, and that actual results may differ materially from thosein forward-looking statements as a result of various factors,including, operating and technical difficulties in connection withmineral exploration and development activities, actual results ofexploration activities, the estimation or realization of mineralreserves and mineral resources, the inability of the Company to obtainthe necessary financing required to conduct its business and affairs,as currently contemplated, the timing and amount of estimated futureproduction, the costs of production, capital expenditures, the costsand timing of the development of new deposits, requirements foradditional capital, future prices of precious metals, changes ingeneral economic conditions, changes in the financial markets and inthe demand and market price for commodities, lack of investor interestin future financings, accidents, labour disputes and other risks ofthe mining industry, delays in obtaining governmental approvals,permits or financing or in the completion of development orconstruction activities, risks relating to epidemics or pandemics suchas COVID–19, including the impact of COVID–19 on the Company'sbusiness, financial condition and results of operations, changes inlaws, regulations and policies affecting mining operations, titledisputes, the inability of the Company to obtain any necessarypermits, consents, approvals or authorizations, including by theCanadian Securities Exchange, the timing and possible outcome of anypending litigation, environmental issues and liabilities, and risksrelated to joint venture operations, and other risks and uncertaintiesdisclosed in the Company's latest Management's Discussion and Analysisand filed with certain securities commissions in Canada. All of theCompany's Canadian public disclosure filings may be accessed viawww.sedar.com and readers are urged to review these materials.
Readers are cautioned not to place undue reliance onforward-looking statements. The Company undertakes no obligation toupdate any of the forward-looking statements in this news release orincorporated by reference herein, except as otherwise required bylaw.
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