“This new capital gives us the ability to launch an aggressive exploration campaign on our recently acquired Kingsway Project. Kingsway shows excellent potential for gold mineralization, with significant anomalies found in all media sampled along the northwards extension of the Appleton Fault Zone that appears to be a major control of gold in the district” said Roger Moss, President and CEO of LabGold. “We are currently working to get field crews in place around mid-July and anticipate an exciting summer field season in the Gander area.”
The Kingsway Gold Project consists of two recently acquired claim blocks along strike from the New Found Gold discovery near Gander, Newfoundland that cover over 14km of the potential Appleton fault zone extension. The fault zone is associated with many of the showings, including the recent discovery, on New Found Gold’s Queensway project to the South.
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