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LEVIATHAN GOLD LTD (LVXFF) is a mineral exploration company focused on discovering and developing high-grade gold projects in Canada. The company's core business involves exploration activities to identify potential gold deposits, with a strong emphasis on environmentally responsible practices. LEVIATHAN GOLD LTD has recently achieved significant milestones in its exploration efforts, showcasing promising results that have attracted investors' attention. The company's current projects include the Excelsior Prospect, where extensive drilling campaigns are underway to delineate the mineralization extent and define the resource potential. With a robust financial position and strategic partnerships in place, LEVIATHAN GOLD LTD is well-positioned to capitalize on the growing demand for gold and deliver long-term value to its shareholders.
Leviathan Gold (LVX – TSXV, 0GP – Germany) has announced the completion of its acquisition of Foca Metals Corp. (FMC) through a share exchange agreement dated November 22, 2024. The acquisition gives Leviathan a 100% indirect interest in the Foča Project, a mineral exploration land package located in Republika Srpska, Bosnia and Herzegovina.
The transaction was executed through the issuance of 9,000,000 common shares of Leviathan to FMC shareholders at a deemed price of $0.0525 per share. Following the acquisition, FMC has become a wholly owned subsidiary of Leviathan Gold.
Leviathan Gold (LVXFF) has announced progress in targeting and permitting activities at its Queen's Birthday project in Victoria, Australia. The company has identified several high-priority exploration targets, including:
1. Whites Patch: An area with historic large nugget discoveries, potentially indicating near-surface mineralized structures.
2. Potential extensions to historic high-grade stopes at the Queen's Birthday Mine, with possible southward continuation of mineralization over 400 meters of strike.
3. Potential repeats of mineralization at depth due to subhorizontal transfer structures.
The company has submitted a Work Plan for a drilling program at Whites Patch and is exploring diamond drilling options for other targets. The Queen's Birthday project covers 19 square kilometers and historically produced 118,000 ounces of gold at 19.1 g/t Au.
Leviathan Gold (LVXFF) has announced results from Phase 2 diamond drilling at its Excelsior Prospect in Victoria, Australia. Core Prospecting Pty has completed 640.85 meters of drilling over 5 holes, with highlights including:
- 0.41 meters at 6.3 g/t Au in hole EH030
- 1.62 meters at 5.3 g/t Au in hole EH031
- 0.27 meters at 14.5 g/t Au in hole EH031
The ongoing 4,000-meter drilling program, costing approximately CAD$950,000, aims to test the north-easterly continuation of high-grade mineralization identified in previous phases. The results validate Core's targeting model and suggest potential for north-eastward strike extensions to gold mineralization at the property.
Leviathan Gold, in partnership with Core Prospecting Pty , has received high-grade assay results from the initial phase of diamond drilling at the Excelsior Prospect. Highlights include 4.85 meters at 9.0 g/t Au in hole EH014, 3.13 meters at 56.9 g/t Au in hole EH017, and 12.68 meters at 9.2 g/t Au in hole EH029. A total of 1964.65 meters of drilling over 16 holes was completed. The drilling identifies a mineralized dilational zone that remains open along strike and depth, indicating further potential.
As part of the Heads of Agreement with Core Prospecting, Leviathan has been notified of the commencement of a second phase of drilling. Core Prospecting has earned a 40% interest in a New Tenement by completing the initial phase of drilling. This achievement offers Leviathan the opportunity to define a significant high-grade gold deposit.
Leviathan Gold Ltd. (TSXV: LVX) announced promising results from its drilling program at the historic Leviathan Mine, confirming mineralization continuity and potential for further ore shoots. Highlights included intervals of 7.10 meters at 3.05 g/t in hole 21LEV002, 4.20 meters at 4.75 g/t in hole 21LEV004, and notable results from holes 21LEV005 and 21LEV006. This initial phase involved 1891 meters across eight holes, all encountering mineralization. The company plans further drilling to explore additional targets once land access is secured.
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