The Untold Story of Saint Robert's: A Legacy of Gold, Silver Tungsten and More

Date/time : 2025-02-18 09:50 AM
Symbol :

LP

Company : Leopard Lake Gold Corp.
Price : 0.035
Market cap : 1,730,549
O/S : 49,444,269
Exchange :

CSE

Industry :

Gold

Full story

The Untold Story of Saint Robert's: A Legacy of Gold, Silver Tungsten and More

(TheNewswire)

Leopard Lake Gold Corp.

February 18 th , 2025 – TheNewswire - Vancouver, BC, Canada – Leopard Lake Gold (Symbol: CSE:LP)

Alluvial gold and silver-tungsten-bearing veins have been known to occur in this  region since the early 19th century. Among these, the Saint Robert’s showing holds  a unique distinction "it was the first recorded occurrence of free scheelite tungsten  in Canada”. Despite this early discovery, serious exploration did not commence  until the 1950s, when Saint Robert’s Metals Corporation (1951–1958) undertook an  extensive program to delineate the mineralized veins.

Their work confirmed a significant presence of scheelite-bearing veins at the  surface and precious metal mineralization at depth. Notable historical drill  intersections included:

400,86 g/t Au over 0.305 meters

334,52 g/t Au and 186,54 /t Ag over 0.27 meters

708,73 g/t Au and 164 g/t Ag over 0.0914 meters

Two underground working the Lacombe Adit and the 3,500-foot-long Lee Tunnel were driven to explore these rich zones. The Lee Tunnel aimed to investigate three  mineralized zones containing gold (Au), lead (Pb), zinc (Zn), bismuth (Bi), silver (Ag),  and tungsten (W). To the Saint Robert’s Metals team’s surprise, they encountered a  tungsten-mineralized porphyry intrusion, previously believed to be barren. A 200- pound bulk sample from this discovery yielded 0.60% WO₃ per tonne , confirming  its economic significance. In 1958, the site briefly transitioned into a tungsten mine,

and a preliminary reserve estimate, based on drill data and underground drift  sampling, suggested a substantial multi-element deposit extending to depths of  approximately 100 meters.

A Project Abandoned, but Not Forgotten

Despite its promising potential, mining operations at Saint Robert’s were abruptly  halted in 1958. Several factors led to this decision:

1. The Lee Tunnel, meant to reach high-grade gold zones, was abandoned  before hitting its target.

2. Weak ore recovery methods hindered economic feasibility.

3. Rising energy costs made production unsustainable.

Subsequent exploration efforts by Nouvelle Mining (1970–1974) and J.A.G. Mines  (1977–present, in joint venture with Leopard Lake Gold Corp.) focused on unlocking  the site’s precious metal potential. However, neither company managed to  reproduce the exceptional drilling results reported by Saint Robert’s Metals  Corporation. The most significant intersections recorded during J.A.G. Mines’  intensive 1980–1984 exploration included:

1048,93 g/t Ag and 8.8% Zn over 0.366 meters

788,11 g/t Ag and 3.16% Pb over 0.64 meters

A New Era of Discovery (2022–2025)

The latest geophysical studies conducted in 2022 have renewed excitement around  the Saint Robert deposit. With an advanced understanding of the site’s structural  complexity, Leopard Lake Gold Corp. (LLGC) is taking the helm in 2025 to conduct a  new phase of exploration.

Recent data suggests that the deposit is structured as a mega-anticline , where  mineralized quartz veins and granitoid dykes correspond to extension veins along  its crest. The faulted anticline appears to be intruded by a probable buried  granodiorite outcrop, evidenced by:

A strong, oriented magnetic anomaly

A surrounding metamorphic aureole

A well-defined geochemical alteration halo

Two groundbreaking geophysical surveys—Electric Resistivity Tomography (ERT)  and Audiomagnetotelluric & Gravimetry—were first tested in 2012 and later applied  across the deposit area in 2022. These studies revealed numerous chargeability  anomalies at shallow depths, spatially associated with the tops of resistive features  indicative of potential granitic intrusions. Interestingly, these anomalies resemble  characteristics of porphyry-type deposit models , suggesting an untapped mineralization potential far beyond previous estimates.

The Road Ahead: 2025 Drilling Program

LLGC’s exploration team is currently compiling, analyzing, and reinterpreting all  geological and geophysical data to refine the structural model of this polymetallic  deposit (W, Bi, Ag, Pb, Zn, Cu, Au). The upcoming 2025 drilling program will target  the most promising shallow chargeability anomalies, aiming to uncover what  generations of explorers have sought—an economic, multi-element deposit of  extraordinary significance.

The story of Saint Robert’s is far from over. What began as a modest discovery in the  19th century is now on the brink of a new chapter—one that could redefine its place  in Canada’s mining history.

‘’ The best place to find a new mine … is in the shadow of a shaft," remarks Daniel  Belanger, the newly appointed CEO.’’ We have many mining projects like this, for  example, : Canadian Malartic… which became one of the largest gold mines in  Canada after several underground operations from the 1930s to the 1960s. We are  eager to carry out more fieldwork to find what might be Canada's next tungsten  mine using the most up-to-date exploration technology and knowledge available  today. The price of tungsten is gradually rising as a result of China's recent  restrictions on the export of refined tungsten. We are eager to drill the project and  will actively pursue our field ‘’

Qualified Person

The scientific and technical information contained herein has been reviewed and approved by Alexandr Beloborodov, P. Geo., an independant consultant that is a “Qualified Person” as defined in National Instrument 43-101 - Standards of disclosure for Mineral Projects.

About Leopard Lake Gold Corp.

Leopard Lake is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada, including the St. Robert property, which is comprised of 251 mining claims in the southern Beauce region, approximately 146 kilometres south of the Quebec city airport.

On Behalf of Leopard Lake Gold Corp.

Daniel Bélanger

Chief Executive Officer and President

For further information, please contact:

Daniel Bélanger

Chief Executive Officer and President

(418) 933-3443

Forward-Looking Statements:

This news release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable Canadian and U.S. securities legislation.  Forward-looking statements include predictions, 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" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.   All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the exercise of the incentive stock options, are forward looking statements that involve various risks and uncertainties.  There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.  Forward-looking statements are based on a number of material factors and assumptions.  Important factors that could cause actual results to differ materially from the Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators.  Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated, including, without limitation, risks relating to epidemics or pandemics such  There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

Copyright (c) 2025 TheNewswire - All rights reserved.