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Labrador Gold Announces Staking of Additional Claims at Ashuanipi
Vancouver, British Columbia--(Newsfile Corp. - January 19, 2018) - Labrador Gold Corp. (TSXV: ...
About this update from Labrador Gold Corp
[{"type":"text","content":"Labrador Gold Announces Staking of Additional Claims at AshuanipiAdditional 296 claims staked to cover potential extension of district scale anomalyVancouver, British Columbia--(Newsfile Corp. - January 19, 2018) - Labrador Gold Corp. (TSXV: LAB) (\"Labrador Gold\" or the \"Company\") is pleased to announce the staking of an additional 296 claims covering 74 square kilometres on the Ashuanipi project in western Labrador. The claims were staked to the west of the original Ashuanipi north claim block. This brings the total number of claims staked recently to 468.The new claims are on the Labrador side of the Quebec-Labrador border and were staked to cover the possible western extension of an east-west district scale gold anomaly. The anomaly is one of two gold anomalies in soils and lake sediments and extends over a 14 kilometre long by 2 - 4 kilometre wide east-west trend. The second anomaly extends over a 15 kilometre long by 2 - 6 kilometre wide north-south trend (see News Release dated January 18, 2018). Gold values in lake sediments ranged from 0.1 to 202.5 parts per billion (ppb) and those in soils 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. \"We have moved quickly to cover the potential extensions of the exciting new district scale gold target outlined by our initial exploration,\" said Roger Moss, Chief Executive Officer of Labrador Gold. \"With almost 900 square kilometres now under control we intend to aggressively explore this significant land package during 2018.\"Labrador Gold has now staked a total of 468 claims contiguous with the original northern Ashuanipi claims in Labrador since receiving the results of the sampling. The new claims cover an area of 156 square kilometres of similar rock types and magnetic signatures as seen on the original Ashuanipi claim block. The Ashuanipi property now covers a total of 896 square kilometres.Work during 2018 will focus on testing and extending the anomalous areas, beginning with an early spring airborne magnetic survey followed by detailed soil sampling (100 metre spaced lines) and prospecting/mapping along the anomalies during spring/summer to generate targets for potential late summer drilling. Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical...