Labrador Gold Corp · TSXV:LAB
Labrador Gold — PDAC 2024
28 slides from Labrador Gold's conference presentation, March 2024
Slide 1: Kingsway Gold Project, Central Newfoundland Corporate Presentation
KINGSWAY GOLD PROJECT, CENTRAL NEWFOUNDLAND Corporate Presentation March 2024 Fall 2021 TSX-V: LAB FNR: 2N6 OTCQX: NKOSF TSX-V: LAB FNR: 2N6 OTCQX: NKOSF TSX-V: LAB | www.labradorgold.com
Slide 2: Disclaimer
DISCLAIMER Statements contained in this presentation that are not historical facts may be forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995 and forward looking information under similar Canadian legislation (collectively, "Forward Looking Inform
Slide 3: Why Labrador Gold?
WHY LABRADOR GOLD? Flagship Kingsway gold project located in an emerging gold district, compared to Abitibi Greenstone Belt Politically stable jurisdiction supportive of mineral exploration Experienced exploration team with success in finding and advancing gold deposits Strong support from long-term
Slide 4: Share Structure
SHARE STRUCTURE Float Institutions 23% 43.5% Palisades Goldcorp 6.0% New Found Gold 7.4% Crescat Capital 9.6% TSX-V: LAB Ticker(s) FSE: 2N6 OTC: NKOSF Share Price – February 26 C$0.13 Market Capitalization ~C$22 million Issued and Outstanding Shares 170.0M Options 7.3M Fully Diluted 177.3M Insiders
Slide 5: Abitibi - Central Newfoundland Comparison
ABITIBI - CENTRAL NEWFOUNDLAND COMPARISON • Gold associated with major fault zones • Similar distribution of deposits • Similar lithologies Honsberger and Bleeker, TSX-V: LAB | www.labradorgold.com 2018 | 5
Slide 6: Our Flagship Project
OUR FLAGSHIP PROJECT Kingsway Property • Consists of four licenses covering 77 square kilometers • Licenses cover approximately 20 kilometers of strike length of two crustal scale faults, the Dog Bay Line (8km) and the Appleton Fault Zone (12km) • Excellent infrastructure - 18km from Gander, road ac
Slide 7: Exploration at Kingsway
EXPLORATION AT KINGSWAY Completed soil Increased Intersects (8,653) and rock (992) Diamond Drill 11.98 g/t Au sampling, Ground Two financings Program to Highest Grade Over 6m Discovery of Geophysics (233-line totaling Visible Gold at 100,000m; Discovery Intersected at Big Vein including 30.61 Discov
Slide 8: Gold Discovery at Kingsway
GOLD DISCOVERY AT KINGSWAY 7 of 9 Discoveries vs. Targets • Seven gold occurrences identified and successfully drilled over the past 3 years - 78% success rate • Only 1.6km of 12km strike length of Appleton Fault Zone drilled • Many more targets developing along the Appleton Fault • Big Vein discove
Slide 9: Kingsway Occurrences
KINGSWAY OCCURRENCES • Six occurrences discovered over a 7.4km strike length of the Appleton Fault Zone Gold occurs in quartz veins associated with arsenopyrite, pyrite and occasional stibnite • Seventh occurrence, Midway, approximately 2km to the west Gold is disseminated in altered gabbroic host r
Slide 10: Big Vein Visible Gold Discovery
BIG VEIN VISIBLE GOLD DISCOVERY Assayed 1,065 g/t Au TSX-V: LAB | www.labradorgold.com 10
Slide 11: Big Vein Continued Discovery
BIG VEIN CONTINUED DISCOVERY • Aggressive stepouts to NE and SW extend Big Vein to 720 metre strike length • Intersections include: - 44.08g/t Au over 4.28m - 6.08 g/t Au over 19m - 284.1 g/t Au over 0.58m - 128.51 g/t Au over 1.12m - 20.88 g/t Au over 5m - 50.52 g/t Au over 2m - 276.56 g/t Au over
Slide 12: Big Vein Gold Mineralization
BIG VEIN GOLD MINERALIZATION K-22-017 50.38g/t Au over 1.85m incl. 160.42g/t over 0.55m K-22-174 284.1g/t Au over 0.58m K-21-039 44.08g/t Au over 4.28m TSX-V: LAB | www.labradorgold.com | 12
Slide 13: High-Grade Discovery at Pristine
HIGH-GRADE DISCOVERY AT PRISTINE Follow up drilling at Pristine included an intersection of: • 11.98g/t Au over 6m including 82.2g/t over 0.75m that contained 77 grains of visible gold • Mineralization drilled to date occurs above 86 metres vertical depth over 160m strike length TSX-V: LAB | www.lab
Slide 14: Visible Gold in Pristine Drill Core
VISIBLE GOLD IN PRISTINE DRILL CORE High-grade (82.2 g/t Au over 0.75m) interval in Hole K-22-270 at Pristine contained 77 grains of visible gold. TSX-V: LAB | www.labradorgold.com | 14
Slide 15: Dropkick Discovery
DROPKICK DISCOVERY • Approximately 3.4km north of Big Vein • Blind discovery made by following up gold in soil anomaly • Follow up diamond drilling intersected gold in 12 out of 15 holes with visible gold in 4 holes • Highlights include • 1.97g/t Au over 9.45m including 31.86g/t over 0.45m • 2.45g/t
Slide 16: Knobby Occurence
KNOBBY OCCURENCE • The first indication of gold mineralization between Big Vein and Golden Glove along the Appleton Fault Zone The GAP • Initial grab samples graded 47g/t, 2.7g/t and 29.19 g/t Au • Drilling intersected near surface mineralization grading 1.07g/t Au over 3.2m incl. 8.78g/t over 0.4m.
Slide 17: HM Occurence
HM OCCURENCE • Located approximately 570m southwest of Big along the Appleton Fault Zone The GAP • Found by prospecting with initial grab samples up to 0.66g/t Au • First drill hole (K-23-334) intersected gold Visible Gold in K-23-334 mineralization over most of its length grading 0.87g/t Au over 55
Slide 18: Hopedale Project
HOPEDALE PROJECT • District Scale - Covers most of Florence Lake greenstone belt • 5 years of exploration has outlined multiple trends of precious & base metal targets • East end of property on tidewater 30km southwest of Hopedale Community • Daily air service from Happy Valley-Goose Bay to Hopedale
Slide 19: Florence Lake Greenstone Belt
FLORENCE LAKE GREENSTONE BELT • Five licenses (785 claims) cover 43 kilometres of the Florence Lake Greenstone Belt • Underexplored District • Greenstone Belts worldwide known to be prolific hosts of gold • Potential for copper, nickel and zinc in addition to gold TSX-V: LAB | www.labradorgold.com 1
Slide 20: Hopedale Mineral Occurrences
HOPEDALE MINERAL OCCURRENCES 8 significant occurrences identified on the Hopedale project to date reflecting multiple mineralization styles including: ● orogenic gold – Four occurrences on Thurber License + Fire Ant at Rusty Ridge ● magmatic Ni sulphide – Rusty Ridge & Last Resort ● copper-silver ve
Slide 21: Northern 'Thurber' License
NORTHERN ‘THURBER’ LICENSE • 3km long strike length of gold mineralization in rock and soil • 4 significant gold occurrences • Thurber North up to 3.8 g/t Au • TD500 up to 21.59 g/t Au • Thurber Dog up to 11.4 g/t Au • Thurber South up to 4.1 g/t Au • Significant copper- silver occurrence Kapaak • 1
Slide 22: TD 500 Channel Sampling
TD 500 CHANNEL SAMPLING TSX-V: LAB | www.labradorgold.com 22
Slide 23: Kapaak Channel Sampling
KAPAAK CHANNEL SAMPLING TSX-V: LAB | www.labradorgold.com 23
Slide 24: Fire Ant Gold Occurrence
FIRE ANT GOLD OCCURRENCE High-grade gold up to 106g/t with 20.4g/t Ag in rock grab samples Newly discovered mineralization hosted by gossanous felsic volcanic rocks close to contact with ultramafic volcanic rocks. Target traced over a strike length of approximately 200 metres. TSX-V: LAB | www.labra
Slide 25: Rusty Ridge & Last Resort
RUSTY RIDGE & LAST RESORT Anomalous Ni area at Rusty Ridge extended to 550m - 14 grab samples of rock assayed over 0.1% Ni and included values up to 0.28% Ni with nickel values in soil up to 2,271ppm (0.23%) Last Resort shows anomalous nickel in soil and rock samples over a 1.6km strike length coinc
Slide 26: Greenstone Hosted Gold Camps
GREENSTONE HOSTED GOLD CAMPS TSX-V: LAB | www.labradorgold.com 26
Slide 27: Key Takeaways
KEY TAKEAWAYS • Continuing to make new discoveries after three years of work at Kingsway • Seven of nine drill targets intersected significant gold mineralization • Total of only 1.6km of 12km strike length of the prospective Appleton Fault Zone drilled • District scale Hopedale Project continues to
Slide 28: Contact Us
CONTACT US Roger Moss, President and CEO Phone: +1-416-704-8291 E-mail: rmoss@labradorgold.com Website: www.labradorgold.com Twitter: @LabGoldCorp TSX-V: LAB FNR: 2N6 OTCQX: NKOSF TSX-V: LAB | www.labradorgold.com 28