Leocor Gold Inc C.LECR

Alternate Symbol(s): LECRF

Leocor Gold Inc. is a Canada-based resource company. The Company is involved in the acquisition and exploration of precious metal projects, with a focus in Atlantic Canada. It controls various gold-copper projects in exploration ground located within the prolific Baie Verte Mining District. Its Bae Verte portfolio includes the Dorset, Dorset Extension, Copper Creek and Five Mile Brook projects, creating a contiguous approximately 2,000 hectares (ha) exploration corridor. The Company also controls three district scale land packages in North Central Newfoundland: Robert's Arm, Hodge's Hill, and Leamington, (collectively Western Exploits) representing over 144,000 ha of prospective exploration. Robert's Arm Project is located in the north-west corner of the Western Exploit District at 42,650 ha in size. Hodge's Hill Project consists of 39,050 ha located in the south-west corner of the Western Exploit District. Leamington Project covers 16 mineral licenses for a total of 2492 claims.

CSE:LECR - Post by User

Leocor Gold Inc

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Post by Stockydocon Apr 05, 2022 12:47pm

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Post# 34577203

Q1 2022 financial results released

Q1 2022 financial results for $LECR were released on SEDAR the other day. Results look solid.

Details:
- Cash position of $8.07M
- Working capital of $8.05M
- Share capital at $16.64M
- Slight increase in operating expenses from $83k in 2021 to $184k in 2022.

I'm impressed with $LECR's financial position to start off the year. The company's in a great position to be aggressive with the amount of cash on hand. Looking forward to seeing some more updates here!

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00046948

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