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Labrador Gold Announces New Gold Anomalies at its Hopedale Project
VANCOUVER, British Columbia, Nov. 02, 2018 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX-V:LAB) (“Labrador Gold” or the “Company”) is pleased to announce initial
About this update from Labrador Gold Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 02, 2018 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX-V:LAB) (“Labrador Gold” or the “Company”) is pleased to announce initial results from the first phase of detailed gold exploration in the Florence Lake greenstone belt (FLGB). The company controls a 57 kilometre strike length of stratigraphy prospective for gold in the belt. The exploration program at Florence Lake followed up on successful results of 2017 and included detailed soil sampling, geological mapping, rock sampling and prospecting along the length of the belt. A total of 11,213 soil samples were taken on 12 grids at a 100m line spacing and 25m sample spacing across the FLGB. Results of 5,511 analyses received to date, primarily on two of the larger grids, Misery and Jasmine-Shirley, show significant gold anomalies typically associated with geological contacts. Analyses range from below detection limit, <0.25 parts per billion (ppb) to 2.22g/t Au, with 19 samples containing more than 0.1g/t Au. In addition, 551 samples greater than the 90th percentile are considered anomalous and require detailed follow up. Gold in soil samples from the 5.7km by 2km grid covering the Misery carbonate alteration zone indicate four distinct soil anomalies with the two largest measuring 1,300m by 150 m and 750m by 100m, with nine samples containing more than 0.1g/t Au and ranging from 0.1 to 2.1g/t Au in the soil. Anomalies occur at the contact with ultramafic rock and felsic/mafic volcanic rocks and at the contact between ultramafic rocks and felsic intrusive rocks, both common sites of gold mineralization in greenstone belts. Similarly, gold anomalies over the 2.6km by 0.6km Jasmine-Shirley soil grid occur along the contact between ultramafic rocks and sedimentary rocks (800m by 120m) and in a fold nose in the ultramafic rocks (400m by 250m) with values up to 0.36g/t Au in the soil. The Jasmine-Shirley grid also shows a strong arsenic soil anomaly associated with massive arsenopyrite mineralization with an along strike trend over 1km and highlights of between 0.1 and 1% As in the soil (see figures at www.labradorgold.com/Hopedale). ‘Results received for Misery and Jasmine-Shirley show specific gold targets, typical of greenstone hosted gold mineralization elsewhere in the world, defined by the detailed soil sampling on both grids, said Roger Moss...