Categories
Junior Mining Labrador Gold Precious Metals

Labrador Gold Intersects 30.67 g/t Au over 1.1 Metres at North End of Big Vein

Labrador Gold Corp.
Labrador Gold Corp.

Figure 1.

Plan Map of Big Vein Target
Plan Map of Big Vein Target

Figure 2.

Big Vein Long Section
Big Vein Long Section

Figure 3.

Plan map of Kingsway Gold occurrences showing latest drill intersections.
Plan map of Kingsway Gold occurrences showing latest drill intersections.

TORONTO, Oct. 20, 2022 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce results from recent drilling targeting the prospective Appleton Fault Zone over a 12km strike length. The drilling is part of the Company’s ongoing 100,000 metre diamond drilling program at its 100% owned Kingsway Project.

https://embed.fireplace.yahoo.com/embed?ctrl=Monalixa&m_id=monalixa&m_mode=document&site=sports&os=android&pageContext=%257B%2522ctopid%2522%253A%25221542500%253B1577000%2522%252C%2522hashtag%2522%253A%25221542500%253B1577000%2522%252C%2522wiki_topics%2522%253A%2522Intersection_(road)%253BFault_(geology)%253BLabrador%253BMetre%253BNewfoundland_and_Labrador%253BGold%253BCompany%2522%252C%2522lmsid%2522%253A%2522a0770000002m0AbAAI%2522%252C%2522revsp%2522%253A%2522globenewswire.com%2522%252C%2522lpstaid%2522%253A%252286a5e179-5489-37b7-94fd-4248b510f16f%2522%252C%2522pageContentType%2522%253A%2522story%2522%257D

Highlights of the drilling include an intersection of 30.67 g/t Au over 1.1 metres from 208.85 metres that included 99.31 g/t Au over 0. 3 metres in Hole K-22-190 from the north end of Big Vein. The intersection is approximately 75 metres north of the discovery outcrop and is downdip of Hole K-22-177 that intersected the longest interval yet of 2.02g/t Au over 32m (see news release dated October 7, 2022). Also at Big Vein, Hole K-22-194 intersected 1.27 g/t Au over 6.17 metres from 115 metres that included 2.3 g/t Au over 3m. At Big Vein Southwest, Hole K-22-184 intersected 4.67 g/t over 1.64m from 336.25m that included 8.97 g/t over 0.75m.

“We continue to have drilling success at the north end of Big Vein where several significant intercepts have now been received, including 6.07 g/t Au over 19m in hole K-21-111 and 2.02 g/t over 32m in Hole K-22-177 and now 30.67g/t Au in Hole K-22-190,” said Roger Moss, President and CEO. “The down dip mineralization in K-22-190 shows the high-grade prospectivity of this area which we are currently following up. Big Vein has been drilled over a strike length of approximately 520 metres and remains open both to the northeast and southwest. Two drill rigs are currently drilling at Big Vein to test for extensions of the mineralization in both directions.”

Hole IDFrom (m)To (m)Interval (m)Au (g/t)Zone
K-22-194202111.05Big Vein






 242511.04
 115121.176.171.27
including11511832.30
 26526831.52
K-22-192nsv   Golden Glove
K-22-191nsv   CSAMT
K-22-19021.65220.351.00Big Vein












 12412511.15
 199.72000.32.31
 208.85209.951.130.67
including209.65209.950.399.31
 233.52351.51.10
 24824911.03
 310.453110.554.19
K-22-186nsv   CSAMT
K-22-184333338.595.591.47Big Vein SW


including336.25337.891.644.67
including336.253370.758.97

Table 1. Summary of assay results. All intersections are downhole length as there is insufficient Information to calculate true width.

A total of 58,265 metres have been drilled to date out of the planned 100,000 metre program. Assays are pending for samples from approximately 3,100 metres of core (11.5% of the total submitted).

The Company has $21 million in cash and is well funded to carry out the remaining 42,000 metres of the planned drill program as well as further target generation on the property.

Hole IDEastingNorthingElevation (m)AzimuthDipTotal Depth (m)
K-22-194661594543532745.714560704.0
K-22-192660700543200833.525045599.0
K-22-191666547.1544354346.83314045371.5
K-22-190661594543532745.714555668.2
K-22-186666538544353938.631065320.0
K-22-184661343.9543491644.48113045428.0

Table 2. Drill hole collar details

Figure 1. Plan Map of Big Vein Target.
https://www.globenewswire.com/NewsRoom/AttachmentNg/7412e031-b8c1-4ea8-aca7-6a2b5dc176b9

Figure 2. Big Vein Long Section.
https://www.globenewswire.com/NewsRoom/AttachmentNg/9a02780d-1ecb-41df-9aff-cf6b4c2075a6

Figure 3. Plan map of Kingsway Gold occurrences showing latest drill intersections.
https://www.globenewswire.com/NewsRoom/AttachmentNg/edc6fda6-b226-4f7f-b743-c2b47c938681

QA/QC

True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ split core are securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples are routinely analyzed for gold by standard 30g fire assay with atomic absorption finish as well as by ICP-OES for an additional 34 elements. Samples containing visible gold are assayed by metallic screen/fire assay, as are any samples with fire assay results greater than 1g/t Au. The company submits blanks and certified reference standards at a rate of approximately 5% of the total samples in each batch.

Qualified Person

Roger Moss, PhD., P.Geo., President and CEO of LabGold, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release.

The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.

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

Labrador Gold’s flagship property is the 100% owned Kingsway project in the Gander area of Newfoundland. The three licenses comprising the Kingsway project cover approximately 12km of the Appleton Fault Zone which is associated with gold occurrences in the region, including those of New Found Gold immediately to the south of Kingsway. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water. LabGold is drilling a projected 100,000 metres targeting high-grade epizonal gold mineralization along the Appleton Fault Zone with encouraging results. The Company has approximately $21 million in working capital and is well funded to carry out the planned program.

The Hopedale property covers much of the Florence Lake greenstone belt that stretches over 60 km. The belt is typical of greenstone belts around the world but has been underexplored by comparison. Work to date by Labrador Gold show gold anomalies in rocks, soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 km along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 40km strike length of the Florence Lake Greenstone Belt.

The Company has 169,189,979 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:
Roger Moss, President and CEO      Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

Twitter @LabGoldCorp

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

Categories
Junior Mining Labrador Gold Precious Metals

Labrador Gold Announces 2.02 G/T Au Over 32 Metres at Big Vein the Longest Mineralized Intersection at Kingsway to Date

Labrador Gold Corp.
Labrador Gold Corp.

Figure 1.

Plan map of significant Big Vein intercepts.
Plan map of significant Big Vein intercepts.

Figure 2.

Long section of Big Vein/HTC Zone.
Long section of Big Vein/HTC Zone.

Figure 3.

Plan map of Kingsway Gold occurrences showing latest drill intersections.
Plan map of Kingsway Gold occurrences showing latest drill intersections.
  • Hole K-22-177 intersected 2.02 g/t Au over 32 metres including 18.08 g/t Au over 0.63 metres and 11.42 g/t Au over 1.05 metres.
  • Mineralization at Big Vein remains open along strike to the southwest and northeast.
  • Drilling also intersected high-grade mineralization at Big Vein southwest grading 12.84 g/t Au over 0.8 metres.
https://embed.fireplace.yahoo.com/embed?ctrl=Monalixa&m_id=monalixa&m_mode=document&site=sports&os=android&pageContext=%257B%2522ctopid%2522%253A%25221542500%253B1577000%2522%252C%2522hashtag%2522%253A%25221542500%253B1577000%2522%252C%2522wiki_topics%2522%253A%2522Metre%253BGold%2522%252C%2522lmsid%2522%253A%2522a0770000002m0AbAAI%2522%252C%2522revsp%2522%253A%2522globenewswire.com%2522%252C%2522lpstaid%2522%253A%25220cd2451e-b4ce-3a12-b41f-c1743ac34d4a%2522%252C%2522pageContentType%2522%253A%2522story%2522%257D

TORONTO, Sept. 08, 2022 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce results from recent drilling targeting the prospective Appleton Fault Zone over a 12km strike length. The drilling is part of the Company’s ongoing 100,000 metre diamond drilling program at its 100% owned Kingsway Project.

Highlights of the drilling include an intersection of 2.02 g/t Au over 32 metres from 134 metres that included 18.08 g/t Au over 0.63 metres and 11.42 g/t Au over 1.05 metres in Hole K-22-177 from the north end of Big Vein. The intersection is approximately 75 metres north of the discovery outcrop. In addition, Hole K-22-187 at Big Vein southwest intersected 12.84 g/t Au over 0.8 metres from 341 metres.

The last results from initial drilling at Midway showed an intersection of 5.69 g/t Au over 1.33 metres in Hole K-22-171. Further drilling is planned at Midway to test the continuity of gabbro-hosted mineralization along strike towards Cracker.

“Drilling at Big Vein continues to deliver excellent results with the longest mineralized intersection of 32 metres grading 2.02 g/t gold drilled on the property to date. We are currently testing this intersection down dip. The intersection is approximately 30 metres north of another long intercept of 6.07 g/t Au over 19m in hole K-21-111.” said Roger Moss, President and CEO. “Big Vein has now been drilled over a strike length of approximately 520 metres and remains open both to the northeast and southwest. Two rigs continue drilling at Big Vein to test for extensions of the mineralization in both directions.”

Hole IDFrom (m)To (m)Interval (m)Au (g/t)Zone
K-22-187157.80158.251.201.08Big Vein SW
 328.55328.850.303.27
 341.00341.800.8012.84
K-22-184140.26140.590.332.89Big Vein SW
 336.25337.891.642.69
K-22-180nsv   CSAMT
K-22-17972.0072.760.761.08Golden Glove
K-22-178nsv   Big Vein SW
K-22-1778.009.001.001.01Big Vein
 93.7494.550.811.11
 134.00166.0032.002.02
including142.77143.400.6318.08
and158.95160.001.0511.42
 212.00215.003.002.63
 245.00248.003.003.60
 265.00266.001.001.73
K-22-176nsv   Golden Glove
K-22-17563.0065.002.001.48Big Vein
 230.00232.002.002.87
K-22-174296.00297.491.493.65Big Vein SW
 407.00407.300.303.24
K-22-17311.0012.001.001.04Big Vein
 16.0017.001.001.38
 50.0051.001.002.23
K-22-172nsv   CSAMT
K-22-171194.50198.003.501.44Midway
 201.17202.501.335.69
K-22-17011.0012.001.001.10HTC
 35.0044.009.001.42
 218.00219.001.001.01
K-22-169nsv   Golden Glove
K-22-168165.91166.210.301.01Midway
 217.90218.400.501.82
K-22-16757.0062.005.001.90Big Vein
K-22-166nsv   Midway
K-22-165243.00244.001.001.05Golden Glove

Table 1. Summary of assay results. All intersections are downhole length
as there is insufficient Information to calculate true width.

A total of 52,648 metres have been drilled to date out of the planned 100,000 metre program. Assays are pending for samples from approximately 3,343 metres of core (11% of the total submitted).

Drilling at Kingsway continues with four drill rigs, two working at Big Vein, one at Golden Glove and one at the CSAMT target. Ongoing detailed till sampling and prospecting continues to generate new drill targets along the Appleton Fault Zone and the gabbro trend north and south of Midway. Drilling will begin on these targets once initial drilling at CSAMT is complete.

The Company has $23.6 million in cash and is well funded to carry out the remaining 47,000 metres of the planned drill program as well as further target generation on the property.

Hole IDEastingNorthingElevationAzimuthDipTotal depth
K-22-187661343.8543492644.15113050374
K-22-184661343.9543496.444.48113045428
K-22-180666592.3544360546.4214045278
K-22-179660543543177645.7932045401
K-22-178661343543492644.35214050404
K-22-177661594543532745.714550826
K-22-176660541543177645.85729045401
K-22-175661598543528751.68312057.5308
K-22-174661343.3543492644.28914045476
K-22-173661599.9543528751.0011205593
K-22-172666591.7544360646.4231045278
K-22-171661254.7543792478.34914045247
K-22-170661599.9543528651.09612045299
K-22-169660627.7543187944.5528055401.44
K-22-168661255.8543793777.43231045264.75
K-22-167661599.3543528651.3213055296
K-22-166661202.7543788077.47314045260
K-22-165660626543188144.59628045398

Table 2. Drill hole collar details

Figure 1. Plan map of significant Big Vein intercepts.
https://www.globenewswire.com/NewsRoom/AttachmentNg/c8630deb-d718-4e9f-bf3d-5431d3789e05

Figure 2. Long section of Big Vein/HTC Zone.
https://www.globenewswire.com/NewsRoom/AttachmentNg/74f1199d-6502-4981-bbfd-7719fb00b48d

Figure 3. Plan map of Kingsway Gold occurrences showing latest drill intersections.
https://www.globenewswire.com/NewsRoom/AttachmentNg/ea032cde-0026-4147-b1c6-b71481e1db5c

QA/QC

True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ split core are securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples are routinely analyzed for gold by standard 30g fire assay with atomic absorption finish as well as by ICP-OES for an additional 34 elements. Samples containing visible gold are assayed by metallic screen/fire assay, as are any samples with fire assay results greater than 1g/t Au. The company submits blanks and certified reference standards at a rate of approximately 5% of the total samples in each batch.

Qualified Person

Roger Moss, PhD., P.Geo., President and CEO of LabGold, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release.

The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.

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

Labrador Gold’s flagship property is the 100% owned Kingsway project in the Gander area of Newfoundland. The three licenses comprising the Kingsway project cover approximately 12km of the Appleton Fault Zone which is associated with gold occurrences in the region, including those of New Found Gold immediately to the south of Kingsway. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water. LabGold is drilling a projected 100,000 metres targeting high-grade epizonal gold mineralization along the Appleton Fault Zone with encouraging results. The Company has approximately $23.6 million in working capital and is well funded to carry out the planned program.

The Hopedale property covers much of the Florence Lake greenstone belt that stretches over 60 km. The belt is typical of greenstone belts around the world but has been underexplored by comparison. Work to date by Labrador Gold show gold anomalies in rocks, soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 km along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 40km strike length of the Florence Lake Greenstone Belt.

The Company has 169,189,979 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:     

Roger Moss, President and CEO      Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

Twitter: @LabGoldCorp

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

Categories
Exclusive Interviews Junior Mining Labrador Gold Precious Metals

(VIDEO) Labrador Gold – Announces 284.1 G/T Gold from Big Vein

Joining us for a conversation is Dr. Roger Moss the CEO as Labrador Gold has just announced its highest-grade mineralization coming from the Big Vein along with updates on the Golden Glove and Midway Targets on the 100% owned Kingsway Project.

Labrador Gold is a Canadian-based mineral exploration (junior mining) company focused on the acquisition and exploration of prospective gold projects in Eastern Canada. The Company is advancing the Kingsway Gold Project, located in the Gander Gold District of Newfoundland. The project is strategically located contiguous to New Found Gold’s Queensway Project and lies along strike to the northeast of their recent discovery of 92.86g/t Au over 19.0 meters.

Key Shareholders: Eric Sprott, Quinton Hennigh, Crescat Capital, Palisaides Goldcorp, & New Found Gold.

Labrador Gold: https://labradorgold.com/
Ticker: TSX.V: LAB | OTCQX: NKOSF
Corporate Presentation: https://labradorgold.com/investors/presentations/
Telephone: (416) 704-8291
Email: info@labradorgold.com

Labrador Gold is partner/sponsor and we are shareholders.