Labrador Gold (TSXV:LAB) Reports 2.02 G/T Au Over 32 Metres at Appleton Fault Zone in the Kingsway Project

Labrador Gold (TSXV:LAB) has announced new results from ongoing drilling targeting the Appleton Fault Zone over a 12-kilometre strike length at the 100% owned Kingsway Project. the 

Highlights of the drilling include an intersection of 2.02 g/t Au over 32 metres from 134 metres that included 18.08 g/t Au over 0.63 metres and 11.42 g/t Au over 1.05 metres in Hole K-22-177 from the north end of Big Vein. The intersection is approximately 75 metres north of the discovery outcrop. In addition, Hole K-22-187 at Big Vein southwest intersected 12.84 g/t Au over 0.8 metres from 341 metres.

The last results from initial drilling at Midway showed an intersection of 5.69 g/t Au over 1.33 metres in Hole K-22-171. Further drilling is planned at Midway to test the continuity of gabbro-hosted mineralization along strike towards Cracker.

Source: Labrador Gold Corp.

Labrador Gold is a Canadian-based mineral exploration company focused on Eastern Canada. The Kingsway Project is the flagship project for the company, associated with gold occurrences in the area including the occurrences immediately to the south of the Kingsway project found by New Found Gold. 

Source: Labrador Gold Corp.

Roger Moss, President and CEO of Labrador Gold, commented in a press release: “Drilling at Big Vein continues to deliver excellent results with the longest mineralized intersection of 32 metres grading 2.02 g/t gold drilled on the property to date. We are currently testing this intersection down dip. The intersection is approximately 30 metres north of another long intercept of 6.07 g/t Au over 19m in hole K-21-111. Big Vein has now been drilled over a strike length of approximately 520 metres and remains open both to the northeast and southwest. Two rigs continue drilling at Big Vein to test for extensions of the mineralization in both directions.”

Highlights from the results are as follows: 

Hole K-22-177 intersected 2.02 g/t Au over 32 metres including 18.08 g/t Au over 0.63 metres and 11.42 g/t Au over 1.05 metres.
Mineralization at Big Vein remains open along strike to the southwest and northeast.
Drilling also intersected high-grade mineralization at Big Vein southwest grading 12.84 g/t Au over 0.8 metres.

Source: Labrador Gold Corp.

Hole ID
From (m)
To (m)
Interval (m)
Au (g/t)
Zone

K-22-187
157.80
158.25
1.20
1.08
Big Vein SW

 
328.55
328.85
0.30
3.27

 
341.00
341.80
0.80
12.84

K-22-184
140.26
140.59
0.33
2.89
Big Vein SW

 
336.25
337.89
1.64
2.69

K-22-180
nsv
 
 
 
CSAMT

K-22-179
72.00
72.76
0.76
1.08
Golden Glove

K-22-178
nsv
 
 
 
Big Vein SW

K-22-177
8.00
9.00
1.00
1.01
Big Vein

 
93.74
94.55
0.81
1.11

 
134.00
166.00
32.00
2.02

including
142.77
143.40
0.63
18.08

and
158.95
160.00
1.05
11.42

 
212.00
215.00
3.00
2.63

 
245.00
248.00
3.00
3.60

 
265.00
266.00
1.00
1.73

K-22-176
nsv
 
 
 
Golden Glove

K-22-175
63.00
65.00
2.00
1.48
Big Vein

 
230.00
232.00
2.00
2.87

K-22-174
296.00
297.49
1.49
3.65
Big Vein SW

 
407.00
407.30
0.30
3.24

K-22-173
11.00
12.00
1.00
1.04
Big Vein

 
16.00
17.00
1.00
1.38

 
50.00
51.00
1.00
2.23

K-22-172
nsv
 
 
 
CSAMT

K-22-171
194.50
198.00
3.50
1.44
Midway

 
201.17
202.50
1.33
5.69

K-22-170
11.00
12.00
1.00
1.10
HTC

 
35.00
44.00
9.00
1.42

 
218.00
219.00
1.00
1.01

K-22-169
nsv
 
 
 
Golden Glove

K-22-168
165.91
166.21
0.30
1.01
Midway

 
217.90
218.40
0.50
1.82

K-22-167
57.00
62.00
5.00
1.90
Big Vein

K-22-166
nsv
 
 
 
Midway

K-22-165
243.00
244.00
1.00
1.05
Golden Glove

Table 1. Summary of assay results. All intersections are downhole length as there is insufficient Information to calculate true width.

A total of 52,648 metres have been drilled to date out of the planned 100,000 metre program. Assays are pending for samples from approximately 3,343 metres of core (11% of the total submitted).

Drilling at Kingsway continues with four drill rigs, two working at Big Vein, one at Golden Glove and one at the CSAMT target. Ongoing detailed till sampling and prospecting continues to generate new drill targets along the Appleton Fault Zone and the gabbro trend north and south of Midway. Drilling will begin on these targets once initial drilling at CSAMT is complete.

The Company has $23.6 million in cash and is well funded to carry out the remaining 47,000 metres of the planned drill program as well as further target generation on the property.

Hole ID
Easting
Northing
Elevation
Azimuth
Dip
Total depth

K-22-187
661343.8
5434926
44.151
130
50
374

K-22-184
661343.9
543496.4
44.481
130
45
428

K-22-180
666592.3
5443605
46.42
140
45
278

K-22-179
660543
5431776
45.79
320
45
401

K-22-178
661343
5434926
44.352
140
50
404

K-22-177
661594
5435327
45.7
145
50
826

K-22-176
660541
5431776
45.857
290
45
401

K-22-175
661598
5435287
51.683
120
57.5
308

K-22-174
661343.3
5434926
44.289
140
45
476

K-22-173
661599.9
5435287
51.001
120
55
93

K-22-172
666591.7
5443606
46.42
310
45
278

K-22-171
661254.7
5437924
78.349
140
45
247

K-22-170
661599.9
5435286
51.096
120
45
299

K-22-169
660627.7
5431879
44.55
280
55
401.44

K-22-168
661255.8
5437937
77.432
310
45
264.75

K-22-167
661599.3
5435286
51.32
130
55
296

K-22-166
661202.7
5437880
77.473
140
45
260

K-22-165
660626
5431881
44.596
280
45
398

Table 2. Drill hole collar details

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

The post Labrador Gold (TSXV:LAB) Reports 2.02 G/T Au Over 32 Metres at Appleton Fault Zone in the Kingsway Project appeared first on MiningFeeds.

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