Business
Labrador Gold Intersects 6.07 g/t Au Over 19 Metres at the Big Vein Target, Kingsway Property
TORONTO, April 05, 2022 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce the lat
About this update from Labrador Gold Corp
[{"type":"text","content":" TORONTO, April 05, 2022 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce the latest assay results from diamond drilling that show high-grade intercepts in hole K-21-111 from Big Vein at its 100% controlled Kingsway project near Gander, Newfoundland. This hole was drilled as part of the Company’s ongoing 100,000 metre drill program targeting the 12km strike length of the Appleton Fault Zone at Kingsway. Hole K-21-111 was drilled to target down plunge mineralization in the high-grade HTC zone below the Big Vein Fault Zone. The hole intersected 6.07 g/t Au over 19 metres from 123 metres, the longest interval of gold yet found at Big Vein. The HTC Zone remains open at depth and to the northeast and additional sample assays from 1,286 metres of drilling are pending from this zone. Drilling continues to target this high-grade zone at depth and along strike. “The Big Vein target continues to deliver exceptional results as indicated by Hole K-21-111,“ said Roger Moss, President and CEO of the Company. “The mineralization intersected in the hole is part of a steeply plunging high-grade gold region within the northeast to north-trending HTC Zone. This target shows good vertical continuity and has now been defined to a depth of approximately 250m and remains open. Approximately 47% of samples submitted to the lab remain pending most of which are from Big Vein, including the HTC Zone. We look forward to receiving these results and expanding the Big Vein target along strike and at depth.” Hole ID From (m) To (m) Interval (m) Au (g/t) Zone K-21-111 123 142 19 6.07 HTC including 130 136 6 15.17 including 131 133 2 35.09 Table 1. Summary of Assay Results All intersections are downhole length as there is insufficient Information to calculate true width. Hole ID Easting Northing Elevation Azimuth Dip depth K-21-111 661601 5435280 42.0 145 55 224 Table 2. Drill hole collar details Big Vein target The Big Vein target is an auriferous quartz vein exposed at surface that has been traced over 400 metres subparallel to the Appleton fault zone. It is located approximately 200m from the Appleton fault zone, through which the gold-mineralizing fluids likely migrated. At Big Vein, gold mineralization is closely associated with a secondary structure, the Big Vein fault zone, th...