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Labrador Gold Welcomes Recent Announcement by the Ontario Government Concerning Accelerated Development of the Ring of Fire Road
TORONTO, March 26, 2026 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V: LAB | FNR: 2N6) (“...
About this update from Labrador Gold Corp
[{"type":"text","content":"Labrador Gold Welcomes Recent Announcement by the Ontario Government Concerning Accelerated Development of the Ring of Fire Road\nTORONTO, March 26, 2026 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V: LAB | FNR: 2N6) (“LabGold” or the “Company”) welcomes the recent announcement by the Ontario government that it now plans to complete construction of an all-season road to the Ring of Fire five years ahead of schedule. The Ring of Fire road will cross the recently staked Watson Property in the Fort Hope Greenstone Belt of northwestern Ontario. The Ontario government recently announced an accelerated timeline for the construction of the Ring of Fire road, with early works construction planned to begin in June 2026. A link to the accelerated schedule can be found here: Unlocking the Ring of Fire The Northern Road Link will bisect the northern portion of the Watson Project, while the Marten Falls Community Access Road will run along the south side of the northeastern claim block (see Figure 1). Figure 1. Map of the Watson Project showing the location of the Ring of Fire Road, gold occurrences, major shear zones and banded iron formation. (Sources: Storm Exploration news release dated March 21, 2025; Ontario Mineral Inventory (OMI) Database). LabGold CEO Roger Moss, states “Ontario’s recent announcement to fast‑track road access to the Ring of Fire is a clear signal of the province’s commitment to northern mineral development. As this infrastructure advances, the Watson Project is positioned to benefit meaningfully. Ontario is ranked 2nd globally for investment attractiveness in the Fraser Institute’s Annual Survey of Mining Companies (2025) published in February 2026.” Elementary Minerals, a private company jointly owned by LabGold (80%) and Nemo Resources Inc. (20%), holds 127,000 ha of map staked mining claims, making it the largest land holding in the Fort Hope Greenstone Belt. The Property is 100% owned by Elementary and has no underlying royalties or option payments. The Watson property covers the interpreted trace of three major belt parallel structures including 73km of the Norton Lake Shear Zone, 35km of the Gourlie Creek Shear Zone, and 15km of the Washi Lake Shear Zone, all three of which have been virtually untested for gold. LabGold believes Watson poss...