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Labrador Gold Announces Results of Hopedale Exploration Program
Vancouver, British Columbia--(Newsfile Corp. - January 25, 2018) - Labrador Gold Corp. (TSXV: ...
About this update from Labrador Gold Corp
[{"type":"text","content":"Labrador Gold Announces Results of Hopedale Exploration ProgramDistrict scale anomalous gold found along Florence Lake greenstone beltVancouver, British Columbia--(Newsfile Corp. - January 25, 2018) - Labrador Gold Corp. (TSXV: LAB) (\"Labrador Gold\" or the \"Company\") is pleased to announce the results of its initial sampling program on the Hopedale project in eastern Labrador. The results show anomalous gold in lake sediments and soils over tens of kilometres along the northeast-southwest trending Florence Lake greenstone belt. In addition, rock samples taken during the reconnaissance program returned values up to 7.8 g/t gold.Results of the reconnaissance exploration program at the Hopedale project show gold anomalies in soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing. In addition, anomalous gold in soil samples occur over approximately 40 kilometres along the southern section of the greenstone belt. (See figures at https://www.labradorgold.com/portfolio/hopedale). Gold in the soil samples highlighted geological contacts as zones of potential enrichment. Gold anomalies typically occur where the soil lines crossed contacts between volcanic rocks and sedimentary rocks.A total of 414 lake sediment samples were collected, representing a sample density of 0.83 samples per square kilometre. Analyses of the lake sediment samples showed gold values from 0.1 to 40 parts per billion (ppb). A total of 1,916 soil samples were also taken and analyses ranged from <0.5 to 938 ppb (0.93 g/tonne) gold with 5 samples containing more than 100 ppb Au. During the sampling program, cursory prospecting was also carried out and 45 rock samples collected with gold values ranging from <5 ppb to 7.8 g/tonne. \"Finding anomalous gold over 40 kilometres in an underexplored greenstone belt is a very significant result that demonstrates the potential for discovery in Labrador,\" said Roger Moss, Chief Executive Officer of Labrador Gold. \"With historical spending of only about $100,000 specifically on gold exploration in the belt, we are excited to be the first to carry out a systematic and sustained work program for greenstone hosted gold.\" \"I am extremely excited about the Hopedale results,\" said Shawn Ryan, Technical Advisor ...