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Labrador Gold Announces Option Agreement with Pacific Ridge Exploration to Acquire Mariposa and Eureka Dome Gold Projects in the Prolific White Gold District, Yukon
TORONTO, May 11, 2026 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V: LAB | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce that it has signed
About this update from Labrador Gold Corp
[{"type":"text","content":" TORONTO, May 11, 2026 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V: LAB | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce that it has signed an option agreement dated May 8, 2026 with Pacific Ridge Exploration Limited ((PEX: TSXV; PEXZF: OTCQB) (“Pacific Ridge”) to acquire a 100% interest in the Mariposa and Eureka Dome gold projects, Yukon Territory. Mariposa Project Highlights The 16,000 ha Mariposa project consists of 795 claims situated in the White Gold District, approximately 120 kilometres southeast of Dawson City and is accessible by fixed wing aircraft and winter road. The project lies approximately 15 kilometres east of the proposed Northern Access Route (NAR), an all-season road being constructed from Dawson City to the Coffee Gold project (figure 2). The property is 40 kilometres southeast of White Gold’s White Gold Project (Indicated resources of 1.73 Moz Gold and inferred resources of 1.27 Moz Gold (1)) and 30 kilometres east-northeast of Fuerte's Coffee property (Measured and Indicated resources of 2.96 Moz and inferred resources of 0.8 Moz (2)). Mariposa shows geological similarities to both the Golden Saddle (part of the White Gold Project) and Coffee deposits including host lithology, style of gold mineralization and structural control. The age of gold mineralization at Mariposa (~155Ma) is consistent with that at Golden Saddle (163.5 to 155.5 Ma) and other prospects in the district indicating that the mineralization is associated with a widespread orogenic gold event. The property occurs at the headwaters of significant placer producing creeks. Historic placer gold production of 73,000 oz from Scroggie Creek (3) which cuts the Mariposa property is indicative of significant bedrock gold mineralization yet to be fully defined. Past exploration on the property was largely completed between 2010 and 2015, with only limited work since, representing an opportunity for LabGold to re-evaluate the extensive database and further explore the project using modern technology and with a better understanding based on results of recent work elsewhere in the district. Six significant gold occurrences, delineated by over 13,000 soil samples (4), include: Skookum Main: 0.6 by 1.1 km gold in soil anomaly with significant drill intercepts (see Table 1.) Skookum West: 0.8 by 1.5km soil anomaly with anomalous values...