(TheNewswire)
December 18, 2023 – TheNewswire - Leopard Lake GoldCorp . (the Company or Leopard Lake) (CSE:LP)wishes to inform the public of the progress of its mineral explorationwork in the southern part of Beauce (Quebec) and more specifically inthe regions of the former St-Robert mine (St-Robert Bellarmin) andSt-Théophile.
Geological and metallogeniccontext:
The property is located in the Frontenac SedimentaryFormation, which is mainly composed of shales, quartzites, slates andmetagreywackes. The mineralization is polymetallic with numerousoccurrences of silver, gold, tungsten, bismuth, lead and zinc. Theseoccurrences are in the form of quartz veins mineralized in galena,pyrite, scheelite, cosalite, sphalerite and molybdenite. Historically,three mineralized zones have been located on the property: the North,Central and South zones. The geology observed at the surface alsosuggests the presence of an intrusive located at depth that could haveserved as an energy source for the emplacement of the mineralization. Finally, the Bella Fault, a regional fault, runs through the entireproperty in a SW/NE direction.
Results of the work:
In 2022, gravity, AMT (audiomagnetotelluric) and ERT(high-resolution geoelectric tomography) work was completed in thearea of the former St-Robert mine, in the North, Centre and Southzones. This work highlighted geophysical anomalies corresponding tothe three mineralized zones. The ERT survey also revealed overburdenthicknesses ranging from 0 to >50 m.
As a result of this work, new claims were acquired bymap designation and the property now has 224 claims for a total areaof 11,514.8 ha. (see map below).
Current and future work:
Leopard is currently working on compiling recent andhistorical works. Over the years, several geophysical surveys, bothground-based and airborne, have been completed, as well as geologicalsurveys and drilling. This compilation will be used mainly togenerate drill targets and, if necessary, geophysical and geologicalsurveys can be initiated. Leopard expects to be able to start adrilling campaign in the spring of 2024.
*Leopard Lake holds a minimum 50% option on theSt-Robert properties held by Mines JAG. Mines JAG properties havebeen explored significantly in the past and also hosts a historictungsten mine which operated in 1959.
About the St-Robert Property
The St-Robert property contains numerousmineralizations 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 the work of Wares (1985) , themineralization of the St-Robert property would be associated with amagmato-hydrothermal type system. The cluster of polymetallic showings would be centered above a very strongsemi-circular, low frequency aeromagnetic anomaly suggesting thepresence of an intrusive mass at depth. The latter would beresponsible for the injection of numerous granodioritic porphyriticdykes and also mafic dykes ( Fig. 3 ). In addition, Wares (1985) suggests that 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 porphyrymineralisations. 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. From Sinclair (2007).
Qualified Person
Eric Allard, P.Eng, a qualified person as defined byNational Instrument 43-101 – Standards of Disclosure for Mineral Projects ,has reviewed the scientific and technical information that forms thebasis for this news release and has approved the disclosure herein.Mr. Allard is a Director of 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 224 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
On Behalf of Leopard Lake GoldCorp.
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. Forward-looking statements includepredictions, projections and forecasts and are often, but not always,identified by the use of words such as "seek","anticipate", "believe", "plan","estimate", "forecast", "expect","potential", "project", "target","schedule", "budget" and "intend" andstatements that an event or result "may", "will","should", "could" or "might" occur or beachieved and other similar expressions and includes the negativesthereof. All statements other than statements of historical factincluded in this release, including, without limitation, statementsregarding the exercise of the incentive stock options, are forwardlooking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to beaccurate and actual results and future events could differ materiallyfrom those anticipated in such statements. Forward-lookingstatements are based on a number of material factors and assumptions. Important factors that could cause actual results to differmaterially from the Company's expectations include actual explorationresults, changes in project parameters as plans continue to berefined, results of future resource estimates, future metal prices,availability of capital and financing on acceptable terms, generaleconomic, market or business conditions, uninsured risks, regulatorychanges, defects in title, availability of personnel, materials and equipment on a timely basis,accidents or equipment breakdowns, delays in receiving governmentapprovals, unanticipated environmental impacts on operations and coststo remedy same, and other exploration or other risks detailed hereinand from time to time in the filings made by the Company withsecurities regulators. Although the Company has attempted toidentify important factors that could cause actual actions, events orresults to differ from those described in forward-looking statements,there may be other factors that cause such actions, events or resultsto differ materially from those anticipated, including, withoutlimitation, risks relating to epidemics or pandemics such There canbe no assurance that forward-looking statements will prove to beaccurate and accordingly readers are cautioned not to place unduereliance on forward-looking statements.
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