- Labrador Gold (LAB) announced assays from six gold-bearing samples recently collected in the Golden Glove area at its Kingsway Project near Gander, Newfoundland
- Assays of the six samples ranged from 7.51 g/t to 479.51 g/t Au
- The four highest grade samples contain visible gold, and all samples contain between 2 per cent and 5 per cent pyrite and arsenopyrite both in the vein and along the contact with the shale wallrock
- Labrador Gold Corp. (LAB) is trading 1.43 per cent lower at $0.34 per share as 9:30 a.m. ET
Labrador Gold (LAB) announced assays from six gold-bearing samples recently collected in the Golden Glove area at its Kingsway Project near Gander, Newfoundland.
The samples were collected as part of the company’s efforts to generate and upgrade targets for drilling along the 12km strike length of the Appleton Fault Zone covered by the Kingsway Property.
Assays of the six samples ranged from 7.51 g/t to 479.51 g/t Au.
The four highest grade samples contain visible gold, and all samples contain between 2 per cent and 5 per cent pyrite and arsenopyrite both in the vein and along the contact with the shale wallrock.
Labrador Gold’s President and CEO, Roger Moss, said that the discovery of more veins containing high-grade gold at surface is encouraging as it gives the team additional information on the structural context of the mineralization at Golden Glove and will allow more efficient drill targeting.
“Drilling to date has been following up recent high-grade intersections of 20.07 g/t Au over 1m in Hole K-22-154 and 6.22 g/t Au over 4m in hole K-22-150 located approximately 160m south of the discovery outcrop. Given the high-grade nature of these veins we will certainly look to specifically target them in our ongoing drilling at Golden Glove.”
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 1.43 per cent lower at $0.34 per share as 9:30 a.m. ET.
