Figure 1. Plan map of Dropkick drill holes showing highlights of latest results. Source: Labrador Gold Corp.

Labrador Gold (TSXV:LAB), has reported data from its ongoing diamond drilling program at its wholly-owned Kingsway Project, aimed at exploring the Appleton Fault Zone. The company has completed nearly 85,000 metres of the scheduled 100,000-metre drilling initiative. Assays for approximately 6,100 metres of core samples are still pending.

Roger Moss, President and CEO of LabGold commented in a press release: “During the first phase of drilling at DropKick we demonstrated the presence of near-surface gold over significant widths while increasing the strike length of known mineralization which remains open along strike in both directions. Further drilling is required to demonstrate the true potential of this discovery. Planning is currently underway for drilling in The Gap, between Big Vein and Pristine, and to the south of Big Vein towards the recent Knobby discovery. The drilling of targets in these areas is expected to begin before the end of the month. We are excited to start filling in the gaps between the four discoveries made along a 7-kilometre section of the Appleton Fault Zone at Kingsway.”

The first stage of drilling at the DropKick site revealed notable near-surface gold mineralization. Specifically, Hole K-23-248 yielded 1.81 grams per tonne (g/t) of gold over 20.15 metres from a 50-metre depth, which included a 4.5-metre segment grading at 4.14 g/t. Hole K-23-245 also intersected near-surface intervals, with 1.77g/t Au over 5.15 metres from 31.85 metres downhole. Additional drilling data extended the known mineralized area at DropKick to over 360 metres in strike length, which remains open in both directions. Twelve out of 15 drilled holes at DropKick showed gold mineralization, with four containing visible gold.

In the Pristine area, follow-up drilling resulted in an intersection grading at 1.05g/t Au over 11 metres from 90 metres in Hole K-23-276 and 1.28g/t Au over 6.18 metres from 66.47 metres in Hole K-23-272. Mineralization at Pristine mostly occurs above an 86-metre vertical depth and extends over a strike length of about 160 metres.

At the Big Vein site, ongoing drilling intersected 2.76g/t Au over 8.97 metres from 233.56 metres, including a segment that graded at 7.04g/t over 3.09 metres in Hole K-23-278.

The company reported having roughly $10 million in cash, which is expected to cover the remaining 15,000 metres of the planned drilling program and additional exploration.

Figure 2. Plan map of occurrences with selected drill intersections along the Appleton Fault Zone. Source: Labrador Gold Corp.

Highlights from the results are as follows:

Hole ID From (m) To (m) Interval (m) Au (g/t) Zone
K-23-278 233.56 242.53 8.97 2.76 Big Vein
including 236.00 239.09 3.09 7.04
K-23-276 90.00 101.00 11.00 1.05 Pristine
including 92.95 97.80 4.85 1.82
K-23-272 66.47 72.65 6.18 1.28 Pristine
including 68.00 70.80 2.80 2.33
K-23-260 156.57 160.00 3.43 1.06 Pristine
K-23-259 67.50 68.35 0.85 1.22 Pristine
K-23-254 108.90 113.00 4.10 2.45 DropKick
including 108.90 110.80 1.90 4.56
including 109.40 109.70 0.30 16.68
K-23-253 nsv Big Vein
K-23-252 53.00 91.00 38.00 0.55 Big Vein
including 60.00 64.00 4.00 1.28
and 73.00 74.00 1.00 1.11
K-23-249 nsv Big Vein
K-23-248 50.00 70.15 20.15 1.81 DropKick
including 55.00 70.15 15.15 2.32
including 58.00 70.15 12.15 2.72
including 59.90 64.40 4.50 4.14
K-23-247 126.70 128.00 1.30 1.32 Big Vein
198.00 198.95 0.95 1.20
K-23-245 10.00 12.65 2.65 1.16 Dropkick
31.85 37.00 5.15 1.77
including 35.00 36.35 1.35 3.17
44.80 45.60 0.80 1.34
53.00 54.50 1.50 1.04
89.00 103.00 14.00 0.60
including 91.95 94.00 2.05 1.42
192.00 193.15 1.15 1.90
250.25 251.15 0.90 1.32
K-23-244 29.00 33.00 4.00 1.10 Big Vein
K-23-243 nsv DropKick
K-23-242 224.43 225.16 0.73 1.88 Big Vein
K-23-241 nsv Big Vein

Table 1. Summary of assay results. All intersections are downhole length as there is insufficient Information to calculate true width.

Hole ID Easting Northing Elevation Azimuth Inclination Total Depth
K-23-278 661736 5435392 37 130 65 420
K-23-276 661927 5436072 56 275 65 200
K-23-272 661933 5436069 59 315 65 278
K-23-260 661750 5435872 58 0 90 209
K-23-259 661845 5436001 53 300 45 191
K-23-254 663159 5438126 55 140 45 160.55
K-23-253 661554 5435459 45 20 45 160
K-23-252 661450 5435312 54 125 70 349
K-23-249 661272 5435093 62 145 65 379
K-23-248 663408 5438381 52 140 65 173
K-23-247 661553 5435458 50 125 50 233
K-23-245 663409 5438380 53 140 45 259
K-23-243 663353 5438273 58 140 65 131
K-23-244 661589 5435430 49 140 45 228
K-23-242 661321 5435111 52 145 55 307
K-23-241 661450 5435312 53 125 50 250

Table 2. Drill hole collar details

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.
Figure 1. Plan map of Pristine showing significant intersections. Source: Labrador Gold

Labrador Gold (TSXV:LAB) has reported data from its recent drill tests in the Appleton Fault Zone. The tests are part of Labrador Gold’s ongoing 100,000-metre diamond drilling program at its wholly-owned Kingsway Project.

Roger Moss, President and CEO of Labrador Gold, commented in a press release: “Today’s result of high-grade, near surface gold mineralization at Pristine validates our belief that there is more to be found at Pristine. It is also the third discovery along the Appleton Fault Zone, after Big Vein and Dropkick, to produce such high grades associated with visible gold. Following our initial discovery of near surface visible gold at Pristine announced in May 2022, we did not intersect similar high-grades to those seen at Big Vein. As a result, we returned our focus to expanding Big Vein along strike and at depth and have successfully defined mineralization there over a 720-metre strike length. With near surface mineralization at Pristine now drilled over an approximate 160 metre strike length and the potential for high grades demonstrated, we are looking forward to receiving the permit to drill The Gap between Pristine and Big Vein, a distance of approximately 700 metres, as we continue to focus our drilling along the very prospective Appleton Fault Zone.”

The latest results from the Pristine site show a notable intersection of 11.98g/t Au spanning 6 metres from a depth of 91 metres, including an impressive 30.61g/t over 2.33 metres and 82.2g/t over 0.75 metres. Remarkably, Hole K-22-270 contained 77 grains of visible gold. All the mineral deposits identified at Pristine are situated above a vertical depth of 86 metres, covering an approximate strike length of 160 metres.

Figure 2. Visible gold in drill core from Hole K-23-270. A total of 77 gold grains were observed. Source: Labrador Gold

Initial drilling results from the DropKick site revealed 1.15g/t Au over 12.4 metres from a depth of 190.25 metres and 1.46g/t Au over 6.75 metres from 162.25 metres in Holes K-23-231 and K-23-251, respectively.

At the Big Vein site, the tests showed 1.10g/t Au over 9.3 metres from a depth of 195 metres and 1.47g/t Au over 6.55 metres from 107.88 metres in Holes K-23-246 and K-23-237, respectively.

To date, Labrador Gold has completed almost 83,000 metres of its proposed 100,000-metre drilling. Assessment results are awaited for approximately 8,877 metres of the core samples.

Figure 3. Interval of visible gold mineralization in Hole K-23-270. Source: Labrador Gold

With a financial reserve of about $12 million, Labrador Gold is well-prepared to complete the remaining 17,000 metres of its drilling plan and to continue exploration for more potential drill targets within the property.

Highlights from the results are as follows:

 

Hole ID From (m) To (m) Interval (m) Au (g/t) Zone
K-23-270 91.00 97.00 6.00 11.98 Pristine
including 92.97 95.30 2.33 30.61
including 94.00 94.75 0.75 82.20
K-23-251 162.25 169.00 6.75 1.46 DropKick
including 166.45 168.60 2.15 3.72
including 167.00 168.60 1.60 4.48
K-23-250 152.40 152.80 0.40 6.87 Big Vein
K-23-246 195.00 204.30 9.30 1.10 Big Vein
including 199.00 204.30 5.30 1.49
K-23-240 75.22 75.63 0.41 1.82 DropKick
86.00 90.72 4.72 1.16
including 86.00 88.68 2.68 1.51
K-23-237 93.00 120.00 27.00 0.63 Big Vein
including 107.88 114.43 6.55 1.47
K-23-234 100.55 101.90 1.35 1.02 DropKick
116.00 117.00 1.00 1.26
K-23-231 190.25 202.65 12.40 1.15 Dropkick
including 197.45 201.60 4.15 1.78
including 201.30 201.60 0.30 7.74
K-23-230 16.00 19.30 3.30 0.41 Big Vein
K-23-229 nsv Big Vein SW
K-23-228 91.55 91.85 0.30 1.18 DropKick
122.35 123.15 0.80 2.63
K-23-226 nsv Big Vein SW

Table 1. Summary of assay results. All intersections are downhole length as there is insufficient Information to calculate true width.

Hole ID Easting Northing Elevation Azimuth Inclination Total Depth
K-23-270 661930 5436075 52.0 315 45 187
K-23-251 663167 5438130 58.2 140 65 229
K-23-250 661554 5435471 53.0 125 70 320
K-23-246 661272 5435093 62.4 145 45 250
K-23-240 663365 5438261 60.2 140 45 128
K-23-237 661352 5435080 45.8 145 45 280
K-23-234 663304 5438259 55.9 140 45 266
K-23-231 663303 5438259 56.3 140 65 260
K-23-230 661737 5435329 44.7 20 45 208
K-23-229 661133 5434768 42.9 140 45 173
K-23-228 663348 5438353 54.7 140 65 126.2
K-23-226 661176 5434794 42.3 140 45 528

Table 2. Drill hole collar details

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.
Figure 1. Big Vein plan map. Source: Labrador Gold

Labrador Gold (TSXV:LAB) has announced new results from its ongoing drilling targeting the Appleton Fault Zone over a 12-kilometre strike length. The drilling at the site is part of the company’s 100,000-metre diamond drill program at the Kingsway Project.

Results included an intersection of 20.88 g/t Au Over 5 Metres at Big Vein, and 124.21g/t Au over 0.81 metres and 7.41 g/t Au over 1.0 metres in Hole K-22-206, and 6.04 g/t Au over 1.20 metres in Hole K-22-208, also drilled at the north end of Big Vein.

63,055 metres out of the planned 100,000 have been drilled so far, with assays pending for 2,700 of core samples. Labrador Gold also has approximately $18 million in cash and is funded to complete the remaining 37,000 metres of the program. The company will add further exploration targets on the property to add to the pipeline after the program is completed.

Roger Moss, President and CEO of Labrador Gold, commented in a press release: “We continue to follow up on the success of last year’s drilling at Big Vein with another high-grade intersection at the north end of the zone. Big Vein has now been drilled over a strike length of approximately 520 metres along the west side of the Appleton Fault Zone and remains open to the northeast and to the southwest. Drilling is ongoing at both ends of the zone to extend the strike length of the mineralization.”

Table 1. Summary of assay results. All intersections are downhole length as there is insufficient Information to calculate true width.

Hole ID From (m) To (m) Interval (m) Au (g/t) Zone
K-22-208 116.00 118.00 2.00 1.07 Big Vein
  176.58 178.12 1.54 5.00
including 176.58 177.78 1.20 6.04
K-22-206 24.00 25.00 1.00 1.13 Big Vein
  319.00 320.00 1.00 7.41
  371.00 376.00 5.00 20.88
including 374.56 375.37 0.81 124,213
K-22-204 nsv       CSAMT
K-22-203 nsv       Golden Glove

 

Table 2. Drill hole collar details

Hole ID Easting Northing Elevation (m) Azimuth Dip Total depth (m)
K-22-208 661571 5435366 58 145 50 497
K-22-206 661593 5435331 54 155 60 422.11
K-22-204 666713 5443698 50 295 55 482
K-22-203 660958 5432372 40 108 45 520.38

 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

Labrador Gold (TSXV:LAB) has announced new results from ongoing drilling targeting the Appleton Fault Zone over a 12-kilometre strike length at the 100% owned Kingsway Project. the 

Highlights of the drilling include an intersection of 2.02 g/t Au over 32 metres from 134 metres that included 18.08 g/t Au over 0.63 metres and 11.42 g/t Au over 1.05 metres in Hole K-22-177 from the north end of Big Vein. The intersection is approximately 75 metres north of the discovery outcrop. In addition, Hole K-22-187 at Big Vein southwest intersected 12.84 g/t Au over 0.8 metres from 341 metres.

The last results from initial drilling at Midway showed an intersection of 5.69 g/t Au over 1.33 metres in Hole K-22-171. Further drilling is planned at Midway to test the continuity of gabbro-hosted mineralization along strike towards Cracker.

Source: Labrador Gold Corp.

Labrador Gold is a Canadian-based mineral exploration company focused on Eastern Canada. The Kingsway Project is the flagship project for the company, associated with gold occurrences in the area including the occurrences immediately to the south of the Kingsway project found by New Found Gold. 

Source: Labrador Gold Corp.

Roger Moss, President and CEO of Labrador Gold, commented in a press release: “Drilling at Big Vein continues to deliver excellent results with the longest mineralized intersection of 32 metres grading 2.02 g/t gold drilled on the property to date. We are 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.”

Highlights from the results are as follows: 

  • Hole K-22-177 intersected 2.02 g/t Au over 32 metres including 18.08 g/t Au over 0.63 metres and 11.42 g/t Au over 1.05 metres.
  • Mineralization at Big Vein remains open along strike to the southwest and northeast.
  • Drilling also intersected high-grade mineralization at Big Vein southwest grading 12.84 g/t Au over 0.8 metres.
Source: Labrador Gold Corp.
Hole ID From (m) To (m) Interval (m) Au (g/t) Zone
K-22-187 157.80 158.25 1.20 1.08 Big Vein SW
  328.55 328.85 0.30 3.27
  341.00 341.80 0.80 12.84
K-22-184 140.26 140.59 0.33 2.89 Big Vein SW
  336.25 337.89 1.64 2.69
K-22-180 nsv       CSAMT
K-22-179 72.00 72.76 0.76 1.08 Golden Glove
K-22-178 nsv       Big Vein SW
K-22-177 8.00 9.00 1.00 1.01 Big Vein
  93.74 94.55 0.81 1.11
  134.00 166.00 32.00 2.02
including 142.77 143.40 0.63 18.08
and 158.95 160.00 1.05 11.42
  212.00 215.00 3.00 2.63
  245.00 248.00 3.00 3.60
  265.00 266.00 1.00 1.73
K-22-176 nsv       Golden Glove
K-22-175 63.00 65.00 2.00 1.48 Big Vein
  230.00 232.00 2.00 2.87
K-22-174 296.00 297.49 1.49 3.65 Big Vein SW
  407.00 407.30 0.30 3.24
K-22-173 11.00 12.00 1.00 1.04 Big Vein
  16.00 17.00 1.00 1.38
  50.00 51.00 1.00 2.23
K-22-172 nsv       CSAMT
K-22-171 194.50 198.00 3.50 1.44 Midway
  201.17 202.50 1.33 5.69
K-22-170 11.00 12.00 1.00 1.10 HTC
  35.00 44.00 9.00 1.42
  218.00 219.00 1.00 1.01
K-22-169 nsv       Golden Glove
K-22-168 165.91 166.21 0.30 1.01 Midway
  217.90 218.40 0.50 1.82
K-22-167 57.00 62.00 5.00 1.90 Big Vein
K-22-166 nsv       Midway
K-22-165 243.00 244.00 1.00 1.05 Golden Glove

Table 1. Summary of assay results. All intersections are downhole length as there is insufficient Information to calculate true width.

A total of 52,648 metres have been drilled to date out of the planned 100,000 metre program. Assays are pending for samples from approximately 3,343 metres of core (11% of the total submitted).

Drilling at Kingsway continues with four drill rigs, two working at Big Vein, one at Golden Glove and one at the CSAMT target. Ongoing detailed till sampling and prospecting continues to generate new drill targets along the Appleton Fault Zone and the gabbro trend north and south of Midway. Drilling will begin on these targets once initial drilling at CSAMT is complete.

The Company has $23.6 million in cash and is well funded to carry out the remaining 47,000 metres of the planned drill program as well as further target generation on the property.

Hole ID Easting Northing Elevation Azimuth Dip Total depth
K-22-187 661343.8 5434926 44.151 130 50 374
K-22-184 661343.9 543496.4 44.481 130 45 428
K-22-180 666592.3 5443605 46.42 140 45 278
K-22-179 660543 5431776 45.79 320 45 401
K-22-178 661343 5434926 44.352 140 50 404
K-22-177 661594 5435327 45.7 145 50 826
K-22-176 660541 5431776 45.857 290 45 401
K-22-175 661598 5435287 51.683 120 57.5 308
K-22-174 661343.3 5434926 44.289 140 45 476
K-22-173 661599.9 5435287 51.001 120 55 93
K-22-172 666591.7 5443606 46.42 310 45 278
K-22-171 661254.7 5437924 78.349 140 45 247
K-22-170 661599.9 5435286 51.096 120 45 299
K-22-169 660627.7 5431879 44.55 280 55 401.44
K-22-168 661255.8 5437937 77.432 310 45 264.75
K-22-167 661599.3 5435286 51.32 130 55 296
K-22-166 661202.7 5437880 77.473 140 45 260
K-22-165 660626 5431881 44.596 280 45 398

Table 2. Drill hole collar details

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

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