Labrador Gold Sees Grab Sample Register 1,065 G/T Gold At Kingsway

Labrador Gold (TSXV: LAB) this morning released assays from its recent grab sample program conducted at its flagship Kingsway project within the Exploits subzone in Newfoundland. Assays from 70 grab samples in total were released, with the highlight value from a grab sample containing 1,065.4 g/t gold, with the sample previously identified as having contained visible gold.

The firms Kingsway project is located just north of New Found Gold’s (TSXV: NFG) Queensway project and east of Exploits Discovery’s (CSE: NFLD) Mt. Peyton project, and is located along the same Appleton fault structure that NFG’s Keats discovery lies near to. The recent sampling program conducted by the company saw a total of 70 samples taken along a 175 metre strike length from the projects Big Vein.

In total, values ranged from below detection to 1,065 g/t gold, while 16 samples in total registered as being over 1 gram per tonne gold. 39 samples in total registered values above 0.1 g/t gold. Prospecting and mapping conducted since assay collection has meanwhile expanded the strike length of the Big Vein to over 400 metres, with the vein lying in a corridor of quartz veins containing a total strike of 7.1 kilometres.

Sample IDSample MediumSample TypeAu (g/t)
526089SubcropGrab*1,065.4
526073OutcropGrab16.1
526077OutcropGrab7.2
526090Angular FloatGrab5.4
526084SubcropGrab5.4
526111SubcropGrab5.3
526097Angular FloatGrab4.9
526113SubcropGrab3.8
1834193OutcropGrab3.2
526096Angular FloatGrab2.2
526075SubcropGrab2.1
526081OutcropGrab1.8
526076OutcropGrab1.7
1834191OutcropGrab1.6
526112SubcropGrab1.3
526114SubcropGrab1.3

Labrador Gold last traded at $0.475 on the TSX Venture.


Information for this briefing was found via Sedar and Labrador Gold. 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

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Victoria Gold Announces Share Buy-Back Program

Victoria Gold Corp. (TSX: VGCX) this morning announced its plans to start a normal course...

Thursday, May 27, 2021, 09:44:00 AM

Equinox Gold Guides To 600,000 Ounces Of Gold Production In 2021

Equinox Gold Corp (TSX: EQX) this morning released its production guidance for 2021 across all...

Tuesday, February 9, 2021, 08:49:48 AM

Newmont Cuts Management Jobs, Merges Units After Newcrest Deal

Gold miner Newmont Corp (TSX: NGT) has dismissed nearly a dozen managers including one executive...

Sunday, December 15, 2024, 07:42:00 AM

B2Gold Corp Insiders Sell $5.3 Million Worth Of Shares

B2Gold Corp (TSX: BTO) has seen insiders file several reports over the last several days...

Thursday, September 17, 2020, 10:59:13 AM

Phenomenal Time To Buy GOLD STOCKS! | Adrian Day

In this interview, Adrian Day, President of Adrian Day Asset Management, discusses the disconnect between...

Monday, February 3, 2025, 03:44:00 PM