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Labrador Gold Intersects 30.67g/t Au Over 1.1 Metres at North End of Big Vein
TORONTO, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce results
About this update from Labrador Gold Corp
[{"type":"text","content":" TORONTO, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce results from recent drilling targeting the 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 30.67 g/t Au over 1.1 metres from 208.85 metres that included 99.31 g/t Au over 0. 3 metres in Hole K-22-190 from the north end of Big Vein. The intersection is approximately 75 metres north of the discovery outcrop and is downdip of Hole K-22-177 that intersected the longest interval yet of 2.02g/t Au over 32m (see news release dated October 7, 2022). Also at Big Vein, Hole K-22-194 intersected 1.27 g/t Au over 6.17 metres from 115 metres that included 2.3 g/t Au over 3m. At Big Vein Southwest, Hole K-22-184 intersected 4.67 g/t over 1.64m from 336.25m that included 8.97 g/t over 0.75m. “We continue to have drilling success at the north end of Big Vein where several significant intercepts have now been received, including 6.07 g/t Au over 19m in hole K-21-111 and 2.02 g/t over 32m in Hole K-22-177 and now 30.67g/t Au in Hole K-22-190,” said Roger Moss, President and CEO. “The down dip mineralization in K-22-190 shows the high-grade prospectivity of this area which we are currently following up. Big Vein has been drilled over a strike length of approximately 520 metres and remains open both to the northeast and southwest. Two drill rigs are currently drilling at Big Vein to test for extensions of the mineralization in both directions.” Hole ID From (m) To (m) Interval (m) Au (g/t) Zone K-22-194 20 21 1 1.05 Big Vein 24 25 1 1.04 115 121.17 6.17 1.27 including 115 118 3 2.30 265 268 3 1.52 K-22-192 nsv Golden Glove K-22-191 nsv CSAMT K-22-190 21.65 22 0.35 1.00 Big Vein 124 125 1 1.15 199.7 200 0.3 2.31 208.85 209.95 1.1 30.67 including 209.65 209.95 0.3 99.31 233.5 235 1.5 1.10 248 249 1 1.03 310.45 311 0.55 4.19 K-22-186 nsv CSAMT K-22-184 333 338.59 5.59 1.47 Big Vein SW including 336.25 337.89 1.64 4.67 including 336.25 337 0.75 8.97 Table 1. Summary of assay results. All intersec...