Highlights of the drilling include an intersection of 1.19g/t Au over 41.8 metres from 397 metres that included 2.32g/t Au over 18.6 metres including 61.15g/t Au over 0.3 metres that contains visible gold in Hole K-22-214. This intersection, at 325 to 359 metres vertical, is the deepest yet at the
Hole K-22-214 was abandoned in mineralization at 486 metres due to excessive fracturing. The hole was wedged as Hole K-22-214B which subsequently drilled through the entire mineralized zone and was completed at a depth of 676 metres. Assays are pending.
Hole K-22-213 from Big Vein Southwest intersected 1.38g/t Au over 4.15m from 464 metres.
“The long intersection at the HTC zone, significantly extending this zone to depth, is encouraging especially as we also continue to step out towards the northeast. We have also made significant step outs in recent holes to the southwest, with assays pending, such that Big Vein has now been drilled over a strike length of approximately 590 metres and remains open in both directions.” said
Hole Id | from (m) | to (m) | width (m) | Au (g/t) | Zone |
K-22-214 | 265.0 | 266.0 | 1.0 | 11.5 | Big Vein |
397.0 | 438.8 | 41.8 | 1.19 | ||
including | 397.7 | 416.3 | 18.6 | 2.32 | |
including | 397.7 | 401.0 | 3.3 | 9.63 | |
including | 397.7 | 398.0 | 0.3 | 61.15 | |
K-22-213 | 464.0 | 468.15 | 4.15 | 1.38 | Big Vein Southwest |
including | 466.36 | 468.15 | 1.79 | 2.81 |
Table 1. Summary of assay results. All intersections are downhole length
as there is insufficient Information to calculate true width.
Over 66,000 metres have been drilled to date out of the planned 100,000 metre program. Assays are pending for samples from approximately 3,000 metres of core.
The Company has approximately
Figure1. Plan map of Big Vein showing significant intersections.
Hole ID | Easting | Northing | Elevation | Azimuth | Dip | Total Depth (m) |
K-22-214 | 661569.6 | 5435366 | 57.161 | 145 | 55 | 486.31 |
K-22-213 | 661297.1 | 5434880 | 46.616 | 130 | 55 | 617 |
Table 2. Drill hole collar details
QA/QC
True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ split core are securely stored prior to shipping to
Qualified Person
The Company gratefully acknowledges the
About
Labrador Gold’s flagship property is the 100% owned Kingsway project in the Gander area of
The
The Company has 170,009,979 common shares issued and outstanding and trades on the
For more information please contact:
Or visit our website at: www.labradorgold.com
Twitter: @LabGoldCorp
Neither
Forward-Looking Statements: This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
![](https://ml.globenewswire.com/media/YTEzNzA3NjYtNmU3MS00NDI2LTgyMDgtMjY5NDc5N2MzNDMzLTExMDk3MzY=/tiny/Labrador-Gold-Corp-.png)
Figure 1
![](https://ml.globenewswire.com/media/23d0babd-e770-49a5-9bcf-2be010091f00/medium/figure-1.png)
Plan map of Big Vein showing significant intersections.
2023 GlobeNewswire, Inc., source