Labrador Gold Intersects 44.08 g/t Gold Over 4.28 Metres at Big Vein, Kingsway Project

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[{"type":"text","content":" TORONTO, Aug. 18, 2021 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce further high-grade intercepts of near surface gold mineralization from its 100% controlled Kingsway project near Gander, Newfoundland. These holes were drilled as part of the Company’s 50,000 metre drill program. The Kingsway project is located in the highly prospective central Newfoundland gold belt. Four holes K-21-26, -33, -36 and -39 all contained intervals grading more than 15g/t Au. Hole K-21-39 intersected 44.08 g/t Au over 4.28m from 49 metres which represents a “metal factor” (grade x width) of 188.7 g/t Au x m*, the highest value yet on the Kingsway Property. This intersection included 1.02m grading 81.64 g/t Au and 1.03m grading 96.47 g/t Au and contained 91 grains of visible gold. Hole K-21-36 intersected 15.02 g/t Au over 0.74m from 8.84m. Hole K-21-33 intersected 40.85 g/t Au over 0.4m from 56.15 metres and hole K-21-26 intersected 15.55 g/t Au over 0.5m from 235 metres. A summary of the high-grade intersections, as well as other holes with assays received to date, are given in Table 1 below. *The width used to calculate metal factor is downhole width as there is insufficient information to calculate true width. Table 1. Assay highlights Hole From (m) To (m) Length(m) Au (g/t) Zone K-21-39 49.00 53.28 4.28 44.08 HTC including 50.36 51.38 1.02 81.64 including 52.25 53.28 1.03 96.47 K-21-36 7.79 12.00 4.21 3.64 Big Vein including 8.84 9.58 0.74 15.02 K-21-33 7.00 8.00 1.00 1.00 Big Vein and 50.50 51.00 0.50 1.04 HTC and 53.50 54.00 0.50 1.55 and 56.15 56.55 0.40 40.85 K-21-32 9.05 10.12 1.07 1.03 Big Vein and 62.00 67.50 5.50 2.21 HTC K-21-28 57.50 58.50 1.00 1.12 Big Vein and 175.00 176.00 1.00 3.17 HTC K-21-27 26.00 33.00 7.00 1.27 Big Vein and 46.00 51.00 5.00 1.31 and 70.00 71.00 1.00 1.14 and 105.00 106.00 1.00 1.28 and 115.00 117.00 2.00 7.43 and 121.00 122.00 1.00 2.65   and 128.00 129.00 1.00 5.07 K-21-26 71.00 72.00 1.00 1.12 Big Vein and 235.00 235.50 0.50 15.55 HTC K-21-25 13.30 14.40 1.10 1.01 Big Vein and 18.00 20.00 2.00 1.65 and 43.00 44.00 1.00 1.19 K-21-22 12.00 13.00 1.00 1.70 Big Vein K-21-21 33.00 36.00 3.00 2.46 Big Vein and 43.00 44.00 1.00 1.73 **Interval contains visible gold. All intersections are downhole length as there is insufficient...

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