Labrador Gold Assays 44.08 g/t Gold Over 4.28 Metres

Labrador Gold (TSXV: LAB) this morning continued to prove there is strong gold mineralization within Newfoundland. The company reported further drill results from its Kingsway project located near Gander, Newfoundland, highlighting an intersection of 44.08 g/t gold over 4.28 metres.

A total of ten additional drill holes were reported by the company this morning, all which are part of the firms 50,000 metre drill program conducted on the property. Four holes reportedly intersected mineralization stronger than 15 g/t gold. Highlight results from the program include:

  • K-21-39: 44.08 g/t gold over 4.28 metres from 49.00 metres
  • K-12-27: 7.43 g/t gold over 2.00 metres from 115.00 metres
  • K-21-26: 15.55 g/t gold over 0.5 metres from 235.00 metres
  • K-21-33: 40.85 g/t gold over 0.40 metres from 56.15 metres

Commenting on the results, Roger Moss, CEO of the company, highlighted, “The intersection of the near surface high grade gold mineralization in Hole K-21-39 has the highest-grade x width value of 188.66g/t Au x m obtained so far from our drilling at Kingsway. This is significantly better than the previous high of 138.28 g/t Au x m returned from Hole-21-31 and continues to demonstrate the potential for high-grade intercepts at the Big Vein target.

The drill program at the Kingsway project remains on going, with drills currently focused on the Big Vein target. Currently 200 metres of the 400 metres of surface exposure of the vein has been tested to date, with visible gold being present in 11 holes.

Labrador Gold last traded at $1.15 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Copper Juniors Could Explode After This Trade War Move | Christian Easterday – Hot Chili

Silver Is Rarer Than Gold, And the Market’s Waking Up | Shawn Khunkhun – Dolly Varden Silver

Gold Will Hit North of $4,000: Who’s Actually Producing? | Shane Williams – West Red Lake

Recommended

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Related News

A Lot Of Money To Be Made At $1900 Gold – Spotlight Series feat Exploits Discovery Corp

Today on The Dive, we’re taking a break from the daily routine and bringing to...

Friday, November 13, 2020, 01:00:00 PM

Condor Gold Drills 6.25 g/t Gold Over 8.1 Metres True Width At La India Starter Pits

Condor Gold (TSX: COG) today reported that all results have been received for forty-five diamond...

Monday, July 5, 2021, 10:41:00 AM

Orla Mining Closes $43.2 Million Financing

Orla Mining Ltd. (TSX: OLA) announced today that it has recently closed its previously announced...

Wednesday, July 14, 2021, 10:02:00 AM

Gold Is Now Smart Money’s End Game | Doug Casey

In this interview, Doug Casey provides his analysis on gold price trends and market outlook,...

Sunday, June 22, 2025, 12:28:00 PM

BTU Metals Identifies 35 Targets At Red Lake Via AI Tech

There’s hot new tech coming to the mining space. BTU Metals Corp (TSXV: BTU) announced...

Tuesday, July 21, 2020, 11:00:51 AM