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Labrador Gold Intersects 20.88 g/t Au Over 5 Metres at Big Vein, Kingsway Project
TORONTO, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce the late
About this update from Labrador Gold Corp
[{"type":"text","content":" TORONTO, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce the latest results from recent drilling targeting the highly prospective Appleton Fault Zone over a 12km strike length. The drilling is part of the Company’s ongoing 100,000 metre diamond drilling program at its 100% owned Kingsway Project. Highlights of the drilling include an intersection of 20.88 g/t Au over 5 metres that included 124.21g/t Au over 0.81 metres and 7.41 g/t Au over 1.0 metres in Hole K-22-206, and 6.04 g/t Au over 1.20 metres in Hole K-22-208. Both holes were drilled at the north end of Big Vein. “We continue to follow up on the success of last year’s drilling at Big Vein with another high-grade intersection at the north end of the zone. Big Vein has now been drilled over a strike length of approximately 520 metres along the west side of the Appleton Fault Zone and remains open to the northeast and to the southwest,” said Roger Moss, President and CEO. “Drilling is ongoing at both ends of the zone to extend the strike length of the mineralization.” Hole ID From (m) To (m) Interval (m) Au (g/t) Zone K-22-208 116.00 118.00 2.00 1.07 Big Vein 176.58 178.12 1.54 5.00 including 176.58 177.78 1.20 6.04 K-22-206 24.00 25.00 1.00 1.13 Big Vein 319.00 320.00 1.00 7.41 371.00 376.00 5.00 20.88 including 374.56 375.37 0.81 124,213 K-22-204 nsv CSAMT K-22-203 nsv Golden Glove Table 1. Summary of assay results. All intersections are downhole length as there is insufficient Information to calculate true width. Figure 1. Big Vein plan map. A total of 63,055 metres have been drilled to date out of the planned 100,000 metre program. Assays are pending for samples from approximately 2,700 metres of core. The Company has $18 million in cash and is well funded to carry out the remaining 37,000 metres of the planned drill program as well as further exploration to add to the pipeline of drill targets on the property. Hole ID Easting Northing Elevation (m) Azimuth Dip Total depth (m) K-22-208 661571 5435366 58 145 50 497 K-22-206 661593 5435331 54 155 60 422.11 K-22-204 666713 5443698 50 295 55 482 K-22-203 660958 5432372 40 108 45 520.38 Table 2. Drill hole collar details QA/QC True widths of the reported intersect...