LEADING EDGE
RECEIVES HIGH GRADE COBALT-NICKEL RESULTS FROM SYSTEMATIC GALLERY
CHIP SAMPLING, BIHOR SUD PROJECT, ROMANIA
- Systematic
sampling confirms in-situ high grade Co-Ni-Au and Cu-Zn-Pb-Ag
mineralization within +150 m and 350 m gallery segments in G7 and
G4 respectively
- G7 highlights
include 3.5% Cobalt , 29.7% Nickel, 15.65 g/t Au with 60% of the
samples exceeding 0.44% Nickel
equivalent*
- G4 highlights
include 11.7% Copper, 11.7% Lead and 18.7% Zinc with almost 50% of
the samples exceeding 1 % copper
equivalent**
- Channel
sampling of the mineralised zones will follow in preparation for
underground diamond drilling.
Vancouver, October 25, 2023 – Leading
Edge Materials Corp. (“Leading Edge
Materials” or the “Company”)
(TSXV: LEM) (Nasdaq First North:
LEMSE) (OTCQB: LEMIF) (FRA:
7FL) is pleased to announce it has received positive assay
results for Co-Ni-Au from Gallery 7, and Cu-Zn-Pb-Ag from Gallery
4, systematically surveyed with chip samples mostly of 0.5-2 kg
from mineralized zones identified visually on mapping and by
handheld XRF. Exposed mineralization was sampled at a spacing of
approximately 1 metre along strike to understand the extent of
mineralized zones on the gallery walls in preparation of a
follow-up channel sampling campaign. Results are displayed
schematically on the gallery plans in Figs. 2 and 3, and on Tables
1 and 2.
Eric Krafft, Chief Executive Officer states: “We
are very excited by the results from this initial stage of detailed
exploration in Galleries 4 and 7, which has included detailed
mapping and chip sampling. The results highlight the extent and
high-grade mineralization potential of the Bihor Sud project. These
results clearly justify the move to channel sampling and then
underground drilling. Galleries 4 and 7 represent only a small
portion of our exploration license with multiple historical
galleries providing future exploration opportunities.”
Co-Ni-Au in Gallery 7 The distribution of
mineralized zones is within the 150 m long segment of G7 where they
have been mapped and sampled to date (Figure 2). Sampling length in
G7 was limited by a fall of ground that the Company is having
cleared and made safe. Observed Co-Ni-mineralization extends a
considerable distance and will add to the overall strike length of
the total mineralized G7 segment. The structurally controlled
mineralized zones are commonly traced on the gallery walls over few
metres to few tens of metres and are on the order of 20-80 cm thick
but may occur in a stacked manner with barren material in between.
Mineralization occurs on the foliation of schists, on the cleavage
in schists, and on faults. A total of 104 chip samples were
collected from G7 (see Table 1), and include highlight samples of
15.65 g/t gold, 3.5% cobalt and 29.7% nickel.
*Nickel equivalent grades are based on the following metal
prices; gold 1978 US$/oz, cobalt 33,420 US$/t, nickel 18,000
US$/t.
**Copper equivalent grades are based on the following metal
prices; copper 7993 US$/t, zinc 2414 US$/t, lead 2100 US$/t, silver
23 US$/oz
Sample preparation and gold assays were performed by ALS
Romania; assays for all other elements were performed by ALS
Geochemistry in Ireland (Loughrea).
The QP has reviewed the QA/QC data and has no doubt the reported
results have been obtained by the laboratory to best industry
practice.
Figure 1: License overview map showing the location of the
sampled galleries G4 and G7 whose extent is only schematically
given.
Cu-Zn-Pb-Ag in Gallery 4Mineralization in G4 is
controlled by steeply dipping NNW-SSE faults, and there is
virtually no dissemination with economic grades on the foliation of
schists around mineralized faults. The segment in G4, wherein
multiple, parallel mineralized structures are exposed, has a strike
extent of about 350 m, and individual mineralized fault sectors can
be traced over metres to several tens of metres on the gallery
walls. Mapping of the mineralized structures indicates that they
only rarely exceed 40 cm and are commonly about 10-20 cm thick. A
total of 76 chip samples were collected from mineralized zones of
G4 (see Table 2 and Figure 3), and include highlight samples of
11.7% copper, 18.7% zinc, 11.7% lead and 649 g/t silver.
Further exploration Being located up-valley, G4
is positioned 50 m higher than G7. Accordingly, the cross-cut
driven from G4 towards G7 (schematically shown in green on Figure
1) reaches Co-Ni-Au mineralization 50 m above G7, where a system of
side-galleries and niches is developed from G4. There is also a
cross-cut driven from G7 towards the down-dip extent of Cu-Zn-Pb-Ag
mineralization 50 m under G4, where a system of side-galleries and
niches is developed at the elevation level of G7 exposing
Cu-Zn-Pb-Ag-mineralized structures. Furthermore,
Co-Ni-Au-mineralization was accessible in G7 only to 560 m from the
gallery mouth, where a collapsed zone in mineralization blocked the
passage. This is now cleared with the passage secured and
ventilated. A preliminary review of G7 beyond the collapsed zone
reveals several zones of Co-Ni-oxides with their typical pink and
green colours on the gallery walls, which are currently surveyed.
All of the mentioned gallery sectors in Co-Ni-Au and Cu-Zn-Pb-Ag
mineralization are subject to further systematic chip sampling.
Once completed, channel samples will be projected and executed
based on the chip sample results, to be followed up by an
underground drilling campaign.
Figure 2: Location of chip samples in G7. Mineralization is open
to the SSE where access has only now been established. Samples
VLG07C102-104 (Table 1) form an outlier 80 m NNW of the image frame
not displayed here.
Figure 3: Location of chip samples in G4 on mineralized NW-SE
structures. Zoom in for more detail.
Table 1: Chip assay results from mineralized exposures along a
230 m segment in Gallery 7, spaced approximately 1 metre apart in
individual exposures.
Sample ID |
Au [g/t] |
Co [%] |
Ni [%] |
|
Sample ID |
Au [g/t] |
Co [%] |
Ni [%] |
VLG07C001 |
0.27 |
0.05 |
0.02 |
|
VLG07C050 |
0.08 |
0.54 |
0.40 |
VLG07C002 |
0.06 |
0.03 |
0.01 |
|
VLG07C051 |
0.31 |
0.48 |
0.66 |
VLG07C003 |
0.76 |
0.15 |
0.05 |
|
VLG07C052 |
2.52 |
1.51 |
13.60 |
VLG07C004 |
0.10 |
0.06 |
0.03 |
|
VLG07C053 |
0.82 |
2.00 |
6.61 |
VLG07C005 |
0.16 |
0.07 |
0.05 |
|
VLG07C054 |
2.05 |
1.23 |
12.65 |
VLG07C006 |
4.18 |
0.13 |
0.11 |
|
VLG07C055 |
0.52 |
0.37 |
3.04 |
VLG07C007 |
1.44 |
0.13 |
0.07 |
|
VLG07C056 |
1.02 |
0.54 |
7.17 |
VLG07C008 |
1.33 |
0.97 |
0.35 |
|
VLG07C057 |
<0.01 |
0.01 |
0.01 |
VLG07C009 |
0.03 |
0.02 |
0.02 |
|
VLG07C058 |
0.01 |
0.04 |
0.09 |
VLG07C010 |
0.08 |
0.20 |
0.13 |
|
VLG07C059 |
0.44 |
0.41 |
1.01 |
VLG07C011 |
0.03 |
0.04 |
0.04 |
|
VLG07C060 |
0.02 |
0.09 |
0.05 |
VLG07C012 |
0.05 |
0.36 |
0.08 |
|
VLG07C061 |
0.01 |
0.19 |
0.08 |
VLG07C013 |
0.03 |
0.09 |
0.05 |
|
VLG07C062 |
2.05 |
1.43 |
4.12 |
VLG07C014 |
0.06 |
0.05 |
0.06 |
|
VLG07C063 |
0.93 |
0.75 |
1.65 |
VLG07C015 |
0.07 |
0.21 |
0.04 |
|
VLG07C064 |
1.99 |
1.53 |
4.35 |
VLG07C016 |
0.02 |
0.05 |
0.01 |
|
VLG07C065 |
0.05 |
0.50 |
0.30 |
VLG07C017 |
0.42 |
0.34 |
0.06 |
|
VLG07C066 |
0.04 |
0.10 |
0.06 |
VLG07C018 |
0.13 |
0.24 |
0.13 |
|
VLG07C067 |
0.77 |
0.93 |
29.70 |
VLG07C019 |
0.01 |
0.05 |
0.02 |
|
VLG07C068 |
0.56 |
0.30 |
23.30 |
VLG07C020 |
0.02 |
0.17 |
0.06 |
|
VLG07C069 |
0.02 |
0.06 |
0.13 |
VLG07C021 |
0.04 |
0.09 |
0.09 |
|
VLG07C070 |
0.05 |
0.02 |
0.52 |
VLG07C022 |
0.01 |
0.19 |
0.11 |
|
VLG07C071 |
0.01 |
0.06 |
0.08 |
VLG07C023 |
<0.01 |
0.02 |
0.01 |
|
VLG07C072 |
0.01 |
0.11 |
0.05 |
VLG07C024 |
<0.01 |
0.02 |
0.01 |
|
VLG07C073 |
0.05 |
1.07 |
0.98 |
VLG07C025 |
<0.01 |
0.01 |
0.02 |
|
VLG07C074 |
0.01 |
0.01 |
0.03 |
VLG07C026 |
<0.01 |
0.00 |
0.01 |
|
VLG07C075 |
0.06 |
0.42 |
2.66 |
VLG07C027 |
2.24 |
0.19 |
0.27 |
|
VLG07C076 |
0.02 |
0.95 |
0.44 |
VLG07C028 |
5.30 |
1.43 |
17.80 |
|
VLG07C077 |
0.07 |
0.40 |
0.14 |
VLG07C029 |
0.01 |
0.01 |
0.03 |
|
VLG07C078 |
4.87 |
0.69 |
0.17 |
VLG07C030 |
14.2 |
0.24 |
0.29 |
|
VLG07C079 |
0.83 |
0.86 |
0.13 |
VLG07C031 |
1.71 |
0.70 |
9.66 |
|
VLG07C080 |
0.04 |
0.16 |
0.09 |
VLG07C032 |
0.01 |
0.00 |
0.02 |
|
VLG07C081 |
0.80 |
0.57 |
2.33 |
VLG07C033 |
4.02 |
0.11 |
0.07 |
|
VLG07C082 |
0.32 |
0.39 |
1.02 |
VLG07C034 |
0.45 |
0.09 |
0.17 |
|
VLG07C083 |
0.06 |
0.19 |
0.08 |
VLG07C035 |
0.15 |
0.14 |
0.05 |
|
VLG07C084 |
0.06 |
0.02 |
0.01 |
VLG07C036 |
15.65 |
2.74 |
15.95 |
|
VLG07C085 |
0.01 |
0.00 |
0.01 |
VLG07C037 |
0.06 |
0.01 |
0.36 |
|
VLG07C086 |
<0.01 |
0.01 |
0.01 |
VLG07C038 |
0.12 |
0.02 |
1.11 |
|
VLG07C087 |
0.01 |
0.01 |
0.01 |
VLG07C039 |
0.04 |
0.01 |
0.05 |
|
VLG07C088 |
0.01 |
0.00 |
0.00 |
VLG07C040 |
0.09 |
0.20 |
0.07 |
|
VLG07C089 |
0.01 |
0.07 |
0.02 |
VLG07C041 |
0.05 |
0.13 |
0.06 |
|
VLG07C090 |
1.00 |
0.42 |
0.25 |
VLG07C042 |
0.38 |
1.44 |
6.18 |
|
VLG07C091 |
7.60 |
3.53 |
3.98 |
VLG07C043 |
0.53 |
2.87 |
3.36 |
|
VLG07C092 |
0.89 |
0.76 |
0.64 |
VLG07C044 |
1.05 |
2.69 |
4.41 |
|
VLG07C093 |
1.26 |
1.32 |
0.41 |
VLG07C045 |
0.02 |
0.14 |
0.06 |
|
VLG07C094 |
0.01 |
0.04 |
0.01 |
VLG07C046 |
0.94 |
2.69 |
15.60 |
|
VLG07C095 |
3.97 |
0.71 |
7.90 |
VLG07C047 |
0.05 |
0.48 |
0.28 |
|
VLG07C096 |
7.77 |
2.59 |
1.21 |
VLG07C048 |
0.92 |
1.35 |
16.00 |
|
VLG07C097 |
0.71 |
0.32 |
0.21 |
VLG07C049 |
0.80 |
0.66 |
7.67 |
|
VLG07C098 |
3.30 |
0.69 |
0.58 |
Table 1 continued
Sample ID |
Au [g/t] |
Co [%] |
Ni [%] |
VLG07C099 |
1.90 |
0.48 |
0.22 |
VLG07C100 |
0.04 |
0.20 |
0.65 |
VLG07C101 |
0.04 |
0.00 |
0.01 |
VLG07C102 |
1.88 |
0.44 |
6.24 |
VLG07C103 |
0.02 |
0.05 |
0.03 |
VLG07C104 |
0.03 |
0.04 |
0.04 |
Table 2: Chip assay results from mineralized exposures along a
350 m segment in Gallery 4, spaced approximately 1 metre apart in
individual exposures.
Sample ID |
Ag [g/t] |
Pb [%] |
Cu [%] |
Zn [%] |
|
Sample ID |
Ag [g/t] |
Pb [%] |
Cu [%] |
Zn [%] |
VLG04C001 |
1 |
0.02 |
0.01 |
0.05 |
|
VLG04C039 |
2 |
0.06 |
0.01 |
0.03 |
VLG04C002 |
<1 |
0.01 |
0.00 |
0.01 |
|
VLG04C040 |
15 |
0.22 |
0.74 |
18.65 |
VLG04C003 |
17 |
0.26 |
0.01 |
0.09 |
|
VLG04C041 |
<1 |
0.01 |
0.03 |
0.03 |
VLG04C004 |
0.5 |
0.01 |
0.00 |
0.02 |
|
VLG04C042 |
<1 |
0.00 |
0.01 |
0.02 |
VLG04C005 |
8 |
0.02 |
0.07 |
0.02 |
|
VLG04C043 |
<1 |
0.00 |
0.00 |
0.01 |
VLG04C006 |
3 |
0.08 |
0.00 |
0.08 |
|
VLG04C044 |
<1 |
0.01 |
0.01 |
0.02 |
VLG04C007 |
<1 |
0.01 |
0.00 |
0.02 |
|
VLG04C045 |
80 |
1.15 |
0.04 |
0.11 |
VLG04C008 |
13 |
0.03 |
0.24 |
0.94 |
|
VLG04C046 |
<1 |
0.01 |
0.02 |
0.04 |
VLG04C009 |
<1 |
0.01 |
0.00 |
0.04 |
|
VLG04C047 |
10 |
0.03 |
0.01 |
0.08 |
VLG04C010 |
<1 |
0.01 |
0.00 |
0.04 |
|
VLG04C048 |
<1 |
0.01 |
0.00 |
0.01 |
VLG04C011 |
340 |
4.57 |
3.31 |
2.38 |
|
VLG04C049 |
<1 |
0.00 |
0.01 |
0.09 |
VLG04C012 |
45 |
0.14 |
0.60 |
1.03 |
|
VLG04C050 |
21 |
0.51 |
0.02 |
1.22 |
VLG04C013 |
23 |
0.05 |
0.78 |
1.75 |
|
VLG04C051 |
178 |
8.86 |
2.46 |
6.66 |
VLG04C014 |
275 |
0.87 |
2.86 |
3.75 |
|
VLG04C052 |
116 |
2.88 |
0.27 |
3.22 |
VLG04C015 |
309 |
1.96 |
1.25 |
2.34 |
|
VLG04C053 |
220 |
5.41 |
1.78 |
8.77 |
VLG04C016 |
5 |
0.08 |
0.01 |
0.14 |
|
VLG04C054 |
419 |
7.52 |
0.44 |
10.45 |
VLG04C017 |
5 |
0.33 |
0.09 |
0.56 |
|
VLG04C055 |
175 |
2.18 |
1.55 |
18.00 |
VLG04C018 |
43 |
0.39 |
0.01 |
0.36 |
|
VLG04C056 |
73 |
11.70 |
1.34 |
10.95 |
VLG04C019 |
38 |
1.55 |
0.90 |
6.60 |
|
VLG04C057 |
48 |
3.96 |
0.44 |
5.02 |
VLG04C020 |
66 |
0.36 |
1.39 |
12.15 |
|
VLG04C058 |
3 |
0.85 |
0.07 |
0.57 |
VLG04C021 |
64 |
0.66 |
1.03 |
4.56 |
|
VLG04C059 |
<1 |
0.02 |
0.06 |
0.03 |
VLG04C022 |
23 |
0.14 |
0.51 |
4.60 |
|
VLG04C060 |
1 |
0.01 |
0.08 |
0.02 |
VLG04C023 |
29 |
0.15 |
0.32 |
14.50 |
|
VLG04C061 |
<1 |
0.00 |
0.07 |
0.01 |
VLG04C024 |
24 |
0.19 |
0.15 |
0.39 |
|
VLG04C062 |
<1 |
0.00 |
0.01 |
0.02 |
VLG04C025 |
30 |
0.07 |
6.55 |
0.42 |
|
VLG04C063 |
<1 |
0.01 |
0.07 |
0.03 |
VLG04C026 |
243 |
1.09 |
5.39 |
1.58 |
|
VLG04C064 |
2 |
0.09 |
0.06 |
0.10 |
VLG04C027 |
111 |
0.77 |
2.64 |
3.43 |
|
VLG04C065 |
19 |
0.16 |
0.06 |
1.79 |
VLG04C028 |
52 |
0.21 |
1.51 |
0.88 |
|
VLG04C066 |
6 |
0.14 |
0.01 |
0.26 |
VLG04C029 |
65 |
0.81 |
0.20 |
8.51 |
|
VLG04C067 |
<1 |
0.01 |
0.01 |
0.03 |
VLG04C030 |
15 |
0.38 |
1.05 |
1.10 |
|
VLG04C068 |
<1 |
0.00 |
0.01 |
0.02 |
VLG04C031 |
30 |
0.22 |
4.21 |
0.40 |
|
VLG04C069 |
19 |
0.24 |
0.13 |
1.19 |
VLG04C032 |
293 |
2.05 |
0.18 |
7.16 |
|
VLG04C070 |
397 |
5.42 |
6.78 |
4.31 |
VLG04C033 |
103 |
0.68 |
0.06 |
0.94 |
|
VLG04C071 |
37 |
0.33 |
0.11 |
1.53 |
VLG04C034 |
151 |
5.96 |
0.36 |
4.79 |
|
VLG04C072 |
180 |
2.63 |
2.15 |
3.10 |
VLG04C035 |
31 |
0.76 |
3.98 |
0.76 |
|
VLG04C073 |
649 |
0.19 |
11.70 |
0.61 |
VLG04C036 |
<1 |
0.05 |
0.02 |
0.05 |
|
VLG04C074 |
350 |
5.89 |
3.14 |
11.45 |
VLG04C037 |
<1 |
0.01 |
0.01 |
0.02 |
|
VLG04C075 |
230 |
1.70 |
3.23 |
3.56 |
VLG04C038 |
1 |
0.02 |
0.04 |
0.06 |
|
VLG04C076 |
8 |
0.15 |
0.03 |
0.56 |
Qualified Person
The scientific and technical information in this release has
been reviewed, verified, and approved by, a Martin S. Oczlon, PhD
Geol, CEngMIMMM, a consultant to Leading Edge Material and
Qualified Person as defined in Canadian National Instrument 43-101
“Standards of Disclosure for Mineral Projects" (“NI 43-101”).
The QP has reviewed and verified the QA/QC data including sample
handling, security and analytical procedure, and has no doubt the
reported results have been obtained by the laboratory to best
industry practices.
Sample preparation and gold assays were performed by ALS
Romania; assays for all other elements were performed by ALS
Geochemistry in Ireland (Loughrea).
On behalf of the Board of
Directors,Leading Edge Materials
Corp.
Eric Krafft, CEO
For further information, please contact the Company
at:info@leadingedgematerials.com
www.leadingedgematerials.com
Follow usTwitter:
https://twitter.com/LeadingEdgeMtlsLinkedin:
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About Leading Edge Materials
Leading Edge Materials is a Canadian public company focused on
developing a portfolio of critical raw material projects located in
the European Union. Critical raw materials are determined as such
by the European Union based on their economic importance and supply
risk. They are directly linked to high growth technologies such as
batteries for electromobility and energy storage and permanent
magnets for electric motors and wind power that underpin the clean
energy transition towards climate neutrality. The portfolio of
projects includes the 100% owned Woxna Graphite mine (Sweden),
Norra Karr HREE project (Sweden) and the 51% owned Bihor Sud Nickel
Cobalt exploration alliance (Romania).
Additional Information
The information was submitted for publication through the agency
of the contact person set out above, on October 25, 2023 at 1:30 pm
Vancouver time.
Leading Edge Materials is listed on the TSXV under the symbol
“LEM”, OTCQB under the symbol “LEMIF” and Nasdaq First North
Stockholm under the symbol "LEMSE". Mangold Fondkommission AB is
the Company’s Certified Adviser on Nasdaq First North and may be
contacted via email CA@mangold.se or by phone +46 (0) 8 5030
1550.
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- 2023-10-25 LEM Announces Assay Results from Galleries- Final
Version
- Figure 1
- Figure 2
- Figure 3
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