(TheNewswire)
Vancouver, British Columbia – TheNewswire - November 15, 2022 - Leopard Lake Gold Corp. (the " Company " or "Leopard Lake") (CSE:LP) provides anupdate on the progress of its mining exploration work in the southernpart of Beauce (Quebec) and more specifically in the regions of theold mine of St-Robert (" St?Robert Bellarmin ") and St-Théophile.
REGIONAL GEOLOGICAL AND METALLOGENICCONTEXT:
The St-Robert-St-Theophile sector, situated on theborder between Quebec and the state of Maine (USA), is a relativelyunder-explored region of southern Quebec. However, the local geology,the presence of gold, polymetallic mineralization and iron formationsin the Siluro-Devonian volcano-sedimentary units and the Bella faultzone constitute highly favorable geological structures for mineralexploration ( Fig.1 ). This geological context explains LeopardLake's intention to extend its exploration work to the entire regionbetween the municipality of St-Robert and Route 173 leading to theQuebec-Maine border crossing (Jackman sector).
Figure 1 .Simplified geological map of the St-Robert-St-Théophile sector (SouthBeauce). Note the spatial distribution of gold showings in rock(Marboro, Marston, Piopolis, du Loup and South-Amstrong) and goldplacers (Bergeron River, Portage and Camp Creek).
Exploration Work completed in2022 :
In May, June, and August 2022, the Institut National de RechercheScientifique ("INRS") carried out five2 km-long audiomagnetotellurics sections (continuous profiling andstations every 50m). These sections were carried out in order toclarify the deep geology of the area of the former St-Robert mine.This geophysical data will be used, among other things, to locatefundamental structures (faults) conducive to the establishment of goldmineralization in the area. During the same period, the field teamcarried out three geoelectric tomographic sections (resistivity andelectrical chargeability) with a length of 1000m and very high spatialresolution (electrodes every 5m) to specify the thickness of glacialsediments and forest soils above the bedrock and locate areas ofelectrical chargeability (disseminated sulphides) that can be sampledby mechanized excavation from the surface.
In July 2022, the INRS team had the opportunity to mapand sample new quarries ( quarries 1, 2 and 3 ) used by Domtar as sourcesof aggregates for the repair of forest roads in the region (eastsector of the Rivière du Loup) ( Fig. 2 ). Geological mapping work has shown thepresence of several generations and types of quartz-chlorite-ironcarbonate and sulphide veins intersecting folded sedimentary rocks inthe vicinity of major faults with graphiticsurfaces ( Fig. 3 and4 ). In addition, this work has shown thepresence of blackish sandstone and mudslate units containingsemi-massive or disseminated pyrite mineralization with stratigraphiccontrol and extending over long distances in quarries # 1 and # 3 (more than 100m).These sulfide mineralized zones were the subject of a collection ofaround a hundred samples which were characterized in the INRSlaboratories. These samples were sent in the third week of October2022 to the Actlabs laboratory (Ancaster, Ontario) for analysis ofgold and trace elements indicative of gold mineralization by theinstrumental neutronics activation analysis method (INAA).
Figure 2. Location of quarries 1, 2 and 3 located northeast ofSt-Robert Bellarmin.
Figure 3
. Fold and horizon of pyritized mudslates located alongthe main fault of quarry #1 (limit of St-Robert and St-Théophile).The geologist's position indicates the position of thesulphide-rich
stratigraphic
unit.
Figure 4 . Deformation,folds, veins and sulphide mineralization observed in quarry #3 in theSt-Théophile sector (east of provincial road 173).
Figures 5a and 5b show sulphide mineralization and hydrothermal brecciasobserved in the quarries located east of the Rivière du Loup. In thisregion, the rocks are frequently sulphide-rich and intensely injectedwith several generations of quartz veins.
Figure 5a . Aand B: bands of sulphides in sandstone from quarry 1, C and D:hydrothermal breccias from quarry 3.
Figure 5b . Sulphide coated fracture (A) cutting a blackishpyritized mudslate (A and B) from Quarry No. 1.
Qualified Person
Marc Richer-LaFlèche, Ph.D., geo, a qualified personas defined under National Instrument 43-101 Standards of Disclosure for MineralProjects , has read, reviewed and approved thescientific and technical content of this news release. Mr.Richer-LaFlèche is a geologist independent from the 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 French copy ofthe news release, please visit the Company's website: www.leopardlake.ca
On behalf of Leopard Lake GoldCorp.
Robert Coltura
Chief Executive Officer and President
For further information, pleasecontact:
Robert Coltura
Chief Executive Officer and President
9285 203B Street
Langley, British Columbia
V1M 2L9
Telephone: (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, otherthan statements of historical fact, included herein including, withoutlimitation, statements about the exploration activities at St-Robert Bellarmin andSt-Théophile , and the anticipated businessplans and timing of future activities of the Company, are forwardlooking statements. Although the Company believes that suchstatements are reasonable, it can give no assurance that suchexpectations will prove to be correct. Forward-looking statements aretypically identified by words such as: "believes","will", "expects", "anticipates","intends", "estimates", "plans","may", "should", "potential","scheduled", or variations of such words and phrases andsimilar expressions, which, by their nature, refer to future events orresults that may, could, would, might or will occur or be taken orachieved. In making the forward-looking statements in this newsrelease, the Company has applied several material assumptions,including without limitation, that the exploration programs at theCompany's projects will be able to proceed in a timely manner, thatthere will be investor interest in future financings, market fundamentals will result in sustained precious metalsdemand and prices, the receipt of any necessary permits, licenses andregulatory approvals in connection with the future exploration anddevelopment of the Company's projects in a timely manner, theavailability of financing on suitable terms for the exploration anddevelopment of the Company's projects and the Company's ability tocomply 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 toepidemics or pandemics such as COVID–19, including the impact ofCOVID–19 on the Company's business, financial condition and resultsof operations , changes in laws, regulations andpolicies affecting mining operations, title disputes, the inability ofthe Company to obtain any necessary permits, consents, approvals orauthorizations, including by the Canadian Securities Exchange, thetiming and possible outcome of any pending litigation, environmentalissues and liabilities, and risks related to joint venture operations,and other risks and uncertainties disclosed in the Company's latestManagement's Discussion and Analysis and filed with certain securitiescommissions in Canada. All of the Company's Canadian public disclosurefilings may be accessed via www.sedar.com and readers are urged toreview 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.
Copyright (c) 2022 TheNewswire - All rights reserved.