- Labrador Gold (LAB) released results from recent drilling targeting the prospective Appleton Fault Zone over a 12 km strike length
- The drilling is part of the company’s ongoing 100,000 metre diamond drilling program at its 100 per cent owned Kingsway Project in Newfoundland
- 2.02 g/t Au were intersected over 32 metres from 134 metres that included 18.08 g/t Au over 0.63 of a metre and 11.42 g/t Au over 1.05 metre in Hole K-22-177 from the north end of the Big Vein zone
- Labrador Gold Corp. (LAB) is trading 1.61 per cent lower at $0.30 per share as 11:05 a.m. ET
Labrador Gold (LAB) released results from recent drilling targeting the prospective Appleton Fault Zone over a 12 km strike length.
The drilling is part of the company’s ongoing 100,000 metre diamond drilling program at its 100 per cent owned Kingsway Project in the Gander area of Newfoundland.
2.02 g/t Au were intersected over 32 metres from 134 metres that included 18.08 g/t Au over 0.63 of a metre and 11.42 g/t Au over 1.05 metre in Hole K-22-177 from the north end of the Big Vein zone.
The intersection is approximately 75 metres north of the discovery outcrop. Hole K-22-187 at Big Vein southwest intersected 12.84 g/t Au over 0.8 of a metre from 341 metres.
The last results from initial drilling at Midway showed an intersection of 5.69 g/t Au over 1.33 metre in Hole K-22-171.
Further drilling is planned at Midway to test the continuity of gabbro-hosted mineralization along strike towards Cracker.
Labrador Gold’s President and CEO, Roger Moss, said that drilling at Big Vein continues to deliver solid results with the longest mineralized intersection of 32 metres grading 2.02 g/t gold drilled on the property to date. The team is 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.
“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.”
Labrador Gold is a Canadian mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.
Labrador Gold Corp. (LAB) is trading 1.61 per cent lower at $0.30 per share as 11:05 a.m. ET.
