$LVXFF

GlobeNewswire Inc.·Jun 25

Leviathan Gold, via Core Prospecting Pty Ltd. Receives High Grade Assay Results, from Initial Phase of Diamond Drilling at the Excelsior Prospect

VANCOUVER, British Columbia, June 25, 2024 (GLOBE NEWSWIRE) -- Leviathan Gold Ltd. (“Leviathan”, the “Company”) (LVX – TSXV, 0GP – Germany) is pleased to announce receipt of full assay results from an initial phase of diamond drilling completed at its Excelsior Prospect (“Excelsior”) pursuant to a Heads of Agreement entered into between Leviathan and Core Prospecting Pty Ltd (“Core”) on July 17, 2023 as subsequently amended on January 16, 2023 (“HOA”). The most prominent intervals among these results are presented in Table 1, and include 4.85 meters at 9.0 g/t Au (43.66 gram meters) in hole EH014, 3.13 meters at 56.9 g/t Au (178.23 gram meters), in hole EH017 and 12.68 meters at 9.2 g/t Au, (116.85 gram meters), in hole EH029. Additional drilling will be required to determine the true thickness of mineralization. Further pursuant to the HOA, Leviathan has received notification from Core of its intention to commence a second phase of diamond drilling at Excelsior. Accordingly, as a result of Core completing the initial phase of diamond drilling it has earned a 40% interest in in a New Tenement to be applied for by Leviathan, subject to the fulfilment of certain further conditions by Core.