- Labrador Gold (LAB) has announced till results along the Appleton Fault Zone on its Kingsway Project in Newfoundland
- Results of 59 till samples show contained gold grains ranging from 0 to 311 grains
- Twelve of the 59 samples contain more than 50 gold grains, of which four contain more than 100 grains
- The findings are indicative of additional gold occurrences on the property
- Labrador Gold is a mineral exploration company focused on prospective gold projects in eastern Canada
- Labrador Gold (LAB) is down by 4.44 per cent and is currently trading at $1.29 per share
Labrador Gold (LAB) has announced till results along the Appleton Fault Zone on its Kingsway Project in Newfoundland.
Results of 59 till samples show contained gold grains ranging from 0 to 311 grains. Twelve of the 59 samples contain more than 50 gold grains, of which four contain more than 100 grains.
A sample containing 165 gold grains, of which 153 (93 per cent) are pristine, occurs just down ice of the Big Vein target, which is the likely source of the grains in this till sample.
Two samples containing 165 (96 per cent pristine) and 311 (83 per cent pristine) gold grains occur 700 m northeast (down ice) of Big Vein. A large number of pristine grains indicates a short transport distance, which suggests a source other than Big Vein closer to the sample locations.
A sample containing 101 gold grains, 28 of which are pristine, occurs a further 2.3 km to the northeast, again suggesting a separate source.
Roger Moss, President and CEO of Labrador Gold, commented,
“We are very excited by the possibility of additional gold occurrences to the northeast of Big Vein along the Appleton Fault Zone demonstrated by these sample results. While our primary focus remains to drill the Big Vein target and find more high-grade gold mineralization, our field crews will follow up these till results in the coming weeks to generate targets for drilling later this year.”
Labrador Gold is a mineral exploration company focused on prospective gold projects in eastern Canada.
Labrador Gold (LAB) is down by 4.44 per cent and is currently trading at $1.29 per share as of 9:52 am ET.
