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Leocor Gold Inc (LECR)

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LECR Comments

Leocor continues to cultivate its impressive asset portfolio of unexplored and underdeveloped gold projects in Newfoundland and Labrador. With three notable mining districts under its claims - Baie Verte, Western exploit and Gander - each district contains multiple projects with both new and historic exploration data. The Dorset Project in Baie Verte is LECR’s flagship due to the confirmed presence of quartz mineralization veins and abundant surface showings.
Leocor has such an impressive land package with their Western exploit district that contains 3 contiguous projects that represent 144k ha worth of land in the heart of the Newfoundland - essentially the largest land packet in the emerging Newfoundland gold district, and in close proximity to NFG, LAB, MOZ and MAE projects. Bets have been hedged as you’ve seen in the news with Eric Sprott purchasing an additional $125.9M worth of NFG shares increasing his position to 31.4% further raising the appeal of Newfoundland gold. Definitely look into the 3 projects that constitute the Western Exploit - IMO this is a rare early-stage opportunity
Mining and Newfoundland are an unshakeable pairing - DYK that Newfoundland has gone from global mining jurisdictions from 50th in 2019 to now the 8th most attractive jurisdiction in the world for mining investment. This is due in part to positive and competitive government policies, and recent significant gold discoveries leading to investors viewing the province as a premier mining investment destination. These elements are all in favor of Leocor Gold owning the largest land package in the emerging gold district with properties adjacent to $NFG projects that saw Sprott recently increasing his NFG holdings to 31.4%. Truly believe that $LECR is a seriously undervalued play because it’s fully funded with significant scale in highly-prospective projects.
Leocor at some discounted rates and seriously undervalued. FYI - they own 3 large projects in the emerging Newfoundland Gold district including the largest land package in the region, adjacent to NFG projects. Many are now eyeing and understanding the high prospect nature of this emerging zone following Eric Sprott recently increasing his position with the neighboring NFG to a total of 31.4%. Again, $LECR is a seriously undervalued play possessing the largest land package in the district and for an early-stage already returning impressive grades at 407.98 g/t Au.
Leocor seeing some life after a bounce back following promising news about the emerging Newfoundland gold district its projects exist on. Eric Sprott has recently increased his position with NFG with projects adjacent to Leocor, to a personal stake in the company at 31.4%. Many reasons to get behind Leocor, as an undervalued play holding the largest land packet in the district and already returning impressive grades at 407.98 g/t Au.
While the market’s asleep on precious metals focusing on crypto and tech - Eric Sprott has increased his position with NFG following an additional investment of $125M bringing his personal stake in this company to 31.4% This is a massive bet on what he’s believing will be the greatest gold discovery in the history of Canada. The NFG property in discussion is situated in the emerging gold district of Newfoundland and adjacent to other projects including the largest land pack in the district owned by Leocor returning highly impressive grades at 407.98 g/t Au. Leocor is potentially the strongest early-stage company in this district so that’s why it’s a long hold for me.
This massive New Found Gold investment with Eric Sprott increasing his position by $125M making his total holdings of NFG ~31% is going to bring a ton of exposure to the emerging Newfoundland gold district. This district is shared with Leocor and Maritime Resource Group. Leocor is still to me a huge and rare early-stage opportunity with a fully-funded jr explorer. Their projects are in close proximity to the NFG projects and from their grab and channel samples have returned highly impressive grades at 407.98 g/t Au.
Very bullish on this early-stage, fully-funded, jr. explorer, Leocor Gold, possessing highly prospective gold claims across their properties in the largest land package in the emerging Newfoundland gold district. These projects are adjacent to New Found Gold and Marathon Gold and furthermore has its explorations led by the renowned, award-winning prospector, Shawn Ryan.
Not everyday to have an opportunity like the one with Leocor Gold - a fully funded ($8M cashed up), early-stage, jr explorer with highly prospective gold claims owning the largest land packet in the emerging Newfoundland gold district. The fact that their projects are in close proximity to $NFG and $MOZ properties are sending serious FOMO signals to many that missed out on the first-mover advantages offered from the latter projects.
Can’t help but notice the comparisons on the first-mover advantage with the cashed-up and promising early-stage Leocor Gold and the FOMO many felt missing out on $NFG. Leocor possesses a top-tier asset portfolio with 144,000+ ha of prospective gold claims across 3 notable mining districts, underdeveloped, unexplored and highly prospective. Their flagship project has also confirmed quartz mineralization and abundant surface showings. There’s a lot to get behind for this long-term value hold - they own the largest land packet in Newfoundland located at the center of the emerging gold district.
Leocor is giving serious first mover advantage energy with their consistently positive updates and confirmed presence of multiple zones of high-grade gold mineralization. I’m sticking very closely to the forthcoming updates to their most recent acquisition, the Western Exploit District, the largest land packet in Newfoundland situated at the center of the emerging gold district.
Leocor is absolutely a long hold for me - a cashed-up, early stage company with a modest MC, top tier management including Shawn Ryan, known for his early stage work making many noteworthy discoveries throughout his career and recently they have acquired one of the largest land packages in Newfoundland, in the emerging gold district adjacent to projects from $LAB, $NFG, and $MAE.
Coming across what I consider a rare early stage, jr. explorer find. A cashed-up gold explorer. I started watching when I learned about their acquisitions of one of the largest land packages in Newfoundland at the heart of the emerging gold district adjacent to projects from LAB, NFG, and MAE. With only 54M shares outstanding, a modest MC ~$17M - this company is looking like a high potential early stage company.
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