Source: Labrador Gold
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  • Labrador Gold Corp. (LAB) intersected 284.1g/t Au over 0.58 of a metre from 309.7 metre downhole, which represents the highest grade yet intersected on the Kingsway project in Newfoundland
  • This is the furthest hole drilled to the southwest at Big Vein and mineralization remains open along strike to the southwest and northeast
  • The company also saw 20.07 g/t Au over 1 metre at Golden Glove and gabbro hosted gold mineralization grading 2.2 g/t Au over 13.2m from Midway
  • Labrador Gold is a Canadian-based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada
  • Labrador Gold Corp. (LAB) is trading 4 per cent higher at $0.39 per share as 12:10 p.m. ET

Labrador Gold (LAB) intersected 284.1g/t Au from 309.7 metres downhole, the highest grade yet intersected on the Kingsway project.

This is the furthest hole drilled to the southwest at Big Vein, and mineralization remains open along strike to the southwest and northeast.

The Kingsway property is located in the Gander area of Newfoundland.

The company also saw 20.07 g/t Au over 1 metre at Golden Glove and gabbro hosted gold mineralization grading 2.2 g/t Au over 13.2m from Midway.

Labrador Gold’s President and CEO, Roger Moss, said that these results suggest the excellent potential for further high-grade mineralization as the team continues drilling to the southwest and attests to the prospectivity of the Appleton Fault Zone in this area.

“High-grade mineralization intersected at Golden Glove down plunge from that found in the first hole is also encouraging, especially given that these holes are approximately 160m south of the discovery outcrop. We will continue to test the extent of this mineralization both down plunge and along strike. Drilling at Midway continues to demonstrate near surface gold mineralization in gabbro which is significant given the extent of gabbro at Kingsway. We expect to continue to successfully expand these three targets as well as to begin drilling new targets, such as our current drilling at CSAMT, in the months ahead.”

Labrador Gold is a Canadian-based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.

Labrador Gold Corp. (LAB) is trading 4 per cent higher at $0.39 per share as 12:10 p.m. ET.

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