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Labrador Gold Intercepts 20.6 g/t Over 3.6 Metres and 10.48 g/t Over 2.4 Metres at Big Vein Visible Gold Intersected in Four Drill Holes
TORONTO, June 03, 2021 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce the firs
About this update from Labrador Gold Corp
[{"type":"text","content":" TORONTO, June 03, 2021 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce the first intercepts of near surface high-grade gold mineralization from its Kingsway project near Gander, Newfoundland. The Kingsway project is located in the highly prospective central Newfoundland gold belt. The high-grade intersections are from holes K-21-12 and K-21-14 that contain fine particles of visible gold in quartz vein. Hole K-21-12 intersected 20.6 g/t Au over 3.6 metres including 103.36 g/t over 0.3 metres and Hole K-21-14 intersected 10.48 g/t Au over 2.4 metres. Two other holes, K-21-07 and K-21-17, for which assays are pending, also contain visible gold. Quartz veins containing visible gold are typically vuggy and contain stylolites, some with gold particles precipitated along them. A summary of the high-grade intersections, as well as other assays received to date, is given in Table 1 below. Importantly, all holes assayed to date report one or more significant mineralized intercepts. Table 1. Assay highlights Hole ID From (m) To (m) Width (m) Gold (g/t) K-21-03 14.0 30.5 16.5 0.66 including 23.0 25.3 2.3 1.14 91.0 92.5 1.5 1.42 160.0 162.0 2.0 1.59 K-21-04 12.0 38.0 25.0 0.86 including 28.6 31.0 2.4 1.87 103.0 104.0 1.0 5.04 K-21-05 14.0 28.0 14.0 0.73 including 17.0 21.0 4.0 1.03 and 25.8 28.0 2.2 1.09 131 133 2.0 1.45 K-21-06 19.0 37.0 18 0.80 including 21.0 23.0 2.0 1.53 and 31.0 33.0 2.0 1.31 K-21-12 72.5 76.1 3.6 20.60 including 73.7 74.0 0.3 103.36 and 75.2 75.5 0.3 48.67 K-21-14 62.0 64.4 2.4 10.48 All intersections are downhole length as there is insufficient Information to calculate true width. “We are excited to announce these first near surface high-grade gold assays from our drilling at Big Vein, with assays for additional holes containing visible gold to come,” said Roger Moss, President and CEO of the Company. “Now that we have found the high-grade, we will focus on tracing it down plunge and search for the dilation zones where larger blowouts can be expected. With two drill rigs continuing to test Big Vein along strike we expect to rapidly follow up on these very encouraging results.” Table 2. Drill hole Collar details Hole ID Easting Northing Azimuth Inclination Total Depth K-21-03 661578 5435207 148 56 182 K-21...