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Labrador Gold Announces Results of Ashuanipi Exploration Program
Vancouver, British Columbia--(Newsfile Corp. - January 18, 2018) - Labrador Gold Corp. (TSXV: ...
About this update from Labrador Gold Corp
[{"type":"text","content":"Labrador Gold Announces Results of Ashuanipi Exploration ProgramReconnaissance sampling highlights district scale anomalous gold; Additional 172 claims staked to cover potential extensionVancouver, British Columbia--(Newsfile Corp. - January 18, 2018) - Labrador Gold Corp. (TSXV: LAB) (\"Labrador Gold\" or the \"Company\") is pleased to announce the results of its initial sampling program on the Ashuanipi project in western Labrador. The results show anomalous gold in lake sediments and soils over tens of kilometres along north-south and east-west trends. In addition, rock samples taken during the reconnaissance program returned values up to 2.1g/t gold.Results of the reconnaissance exploration program at the Ashuanipi project show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 - 6 kilometre wide north-south trend and over a 14 kilometre long by 2 - 4 kilometre wide east-west trend. (See figures at https://www.labradorgold.com/portfolio/ashuanipi-project). The anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale. This suggests a possible structural control on the localization of the gold anomalies and interpretation is ongoing.A total of 753 lake sediment samples were collected, representing a sample density of more than one sample per square kilometre. Analyses of the lake sediment samples showed gold values from 0.1 to 202.5 parts per billion (ppb). A total of 4,798 soil samples were also taken and analyses ranged from 0.1 to 1,424 ppb (1.4 g/tonne) gold with 14 samples containing more than 100 ppb Au, and two samples containing more than 1 g/tonne Au. During the sampling program, cursory prospecting was also carried out and 39 rock samples collected. Gold values ranged from <5 ppb to 2.5 g/tonne, with eight samples containing greater than 100 ppb.\"The soil sampling program worked better than expected with 80% percent of the anomalous soils coming from the northern claim block and more specifically from two distinct district scale mineralized trends,\" said Shawn Ryan, Technical Advisor to Labrador Gold. \"The unique nature of hitting the ground in the first year with such a large soil program (240 kilometres of traverse on 50 m spacing covering over 700 square kilometres of ground) gives us confidence in the dat...