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Labrador Gold Intersects 31.86g/t over 0.45 Metres in Fourth Hole at New Dropkick Target 3.4 Kilometres Northeast of Big Vein
TORONTO, June 20, 2023 (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, June 20, 2023 (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 highly prospective Appleton Fault Zone. The drilling is part of the Company’s ongoing 100,000 metre diamond drilling program at its 100% owned Kingsway Project. Highlights of the initial drilling at Dropkick include an intersection of 1.97g/t Au over 9.45 metres from 198.55 metres including 3.13g/t over 5.45 metres and 31.86g/t over 0.45 metres that contained visible gold in Hole K-22-228B, just the fourth hole in the target. Hole K-23-227 intersected 1.15g/t Au over 4 metres from 123 metres and 1.06g/t over 5.27 metres from 130.73 metres. Hole K-23-224 intersected 1.74g/t Au over 5.07 metres from 170.93 metres including 2.72g/t over 3.16 metres. Dropkick is located approximately 3.4 kilometres northeast of Big Vein. Ongoing drilling at Big Vein returned near surface gold values of 1.06g/t Au over 9.63 metres from 47.64 metres, including 2.28g/t over 2.26 metres in Hole K-23-225 and 3.66g/t Au over 1.04 metres from 11 metres in Hole K-23-221. “We are very encouraged by the initial drilling at the new Dropkick target, especially given its distance from Big Vein. Dropkick is the fifth of six targets where drilling intersected significant gold mineralization, a testament to the highly prospective nature of the Appleton Fault Zone on the Kingsway property and the dedication of the LabGold team.” said Roger Moss, President and CEO of Labrador Gold Corp. “The five targets occur over a 7.3km long segment of the Appleton Fault Zone, but significant gaps still exist. We are optimistic that ongoing target development and drilling in these gaps will lead to further discoveries at Kingsway.” Hole ID From (m) To (m) Width (m) Au (g/t) Target/Zone K-23-228B 198.55 208.00 9.45 1.97 DropKick including 198.55 204.00 5.45 3.13 including 198.55 199.00 0.45 31.86 K-23-227 123.00 142.00 19.00 0.88 DropKick including 130.73 136.00 5.27 1.06 and 123.00 127.00 4.00 1.15 K-23-225 47.64 57.00 9.63 1.06 Big Vein including 47.64 49.90 2.26 2.28 K-23-224 170.93 176.00 5.07 1.74 Dropkick including 170.93 174.09 3.16 2.72 K-23-223 115.75 117.05 1.30 1.35 Dropkick K-23-221 11.00 12.04 1.04 3.66 Big Vein 293.00 295.00 2.00 1.24 Table 1. Summary of assay results....