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LEADING EDGE MATERIALS' PROGRESS UPDATE ON ROMANIAN EXPLORATION PROJECT
Globenewswire· 2026-02-03 07:30
Core Insights - Leading Edge Materials Corp. provides an update on its exploration activities in Romania, highlighting significant mineralization potential in the region [2][4][7]. Exploration Activities - The 2025 exploration campaign has identified substantial areas of mineralization in Valea Leucii, Dibarz, and Avram Iancu, with a potential mineralized zone extending approximately 6 kilometers in both north-south and east-west directions [7][8]. - The exploration strategy focuses on identifying thicker, continuous mineralized lodes and targeting high-priority feeder structures, supported by historical data from comparable deposits [5][4]. Mineralization Details - Significant mineralization includes uranium oxide associated with jasperoid silicification and polymetallic sulphides (Cu, Co, Ni, Pb, Zn) hosted in silica-carbonate rocks [8]. - Historical prospecting data indicates anomalous grades of up to 28% Ni, over 6% Co, and over 3 ppm Au, with one sample returning 17.75 ppm Au and uranium exceeding 0.3% [8]. Assay Results - The exploration in various targets, such as D.14-2 and D.15-2, has yielded notable intercepts, including: - 15.0m at 0.91% Pb and 0.83% Zn from 54.0m [11] - 9.0m at 1.92% Pb and 2.06% Zn from 68.0m [10] - 12.0m at 0.20% Cu, 1.85% Pb, and 1.68% Zn from 49.0m [15]. Geological Context - The project area is characterized by complex geological formations within the Northern Apuseni Mountains, featuring Proterozoic metamorphic rocks and Mesozoic sedimentary formations, known for high-grade skarn mineral deposits [24][32]. - The mineralization in the Leucii Valley consists of Co-Ni and U, primarily hosted within the carbonate horizon, while polymetallic sulphide occurrences are vein-type associated with NW-SE trending tectonic features [26][27]. Future Plans - The company aims to complete a Competent Person's Report to consolidate exploration data and establish a roadmap for the project, facilitating alternative financing options [23][4]. - The reassessment of the Avram Iancu site, which has a rich historical mining background, is part of the company's strategy to leverage existing underground galleries and workings for future exploration [22].