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Labrador Gold Announces Delineation of a Gold Enriched Zone at Its Ashuanipi Project
Highlights: Discovery of gold enriched zone near high grade (8,973ppb) soil sample at Ashuanipi, Labrador Defined by gold in soil and rock samples that cover an
About this update from Labrador Gold Corp
[{"type":"text","content":" Highlights: Discovery of gold enriched zone near high grade (8,973ppb) soil sample at Ashuanipi, Labrador Defined by gold in soil and rock samples that cover an area of 450 metres by 450 metres Results of ground VLF-Magnetic survey over the area are pending Drill testing of zone expected in fall VANCOUVER, British Columbia, Aug. 21, 2019 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX-V: LAB) (“Labrador Gold” or the “Company”) is pleased to announce that it has delineated a new gold enriched zone near the site of a high grade soil sample at its Ashuanipi project in western Labrador. The initial program at Ashuanipi this year continued our systematic approach of detailed geological mapping, rock and soil sampling and ground magnetics/VLF-EM (very low frequency electromagnetics) to follow up on specific areas to generate targets for drilling in the fall. In particular, infill soil sampling allowed us to define an anomalous gold zone near the site of a soil sample taken in 2018 that assayed 8,973ppb gold. The anomalous zone measures approximately 450 metres by 450 metres and is defined by soil samples ranging from below detection up to 1,190ppb gold, in addition to the previous high-grade sample, and rock samples from below detection up to 2,353 ppb Au (2.35g/t). The 2.35g/t rock sample lies approximately 450m northwest of the high-grade soil sample within a 200m by 100m gold in soil anomaly with values ranging from 40ppb to 778ppb gold. The area was also covered by a ground magnetic and VLF-EM (Very low frequency electromagnetic) survey, the data from which is currently being processed. A second area also shows potential, with rock samples grading from below detection to 0.68g/t gold and 10 samples showing values greater than 0.1g/t gold over an area of 200m by 120m within a larger anomalous area of gold in soil. The gold mineralization is associated with garnet-bearing gossanous gneiss. Further work in the area, including detailed soil sampling and a VLF-magnetic survey will enable better definition of the anomalous zone. Maps of the two zones can be found at www.labradorgold.com/portfolio/ashuanipi/. “Our systematic approach to exploration of district scale anomalies at Ashuanipi has allowed us to quickly identify favourable areas for gold mineralization along these trends,” said Roger Moss, President and Chief Executive Officer o...