Labrador Gold Corp. (TSXV:LAB) has obtained high-grade results from recent drilling targeting the highly prospective Appleton Fault Zone over a 12km strike length. The drilling is part of the company’s ongoing 100,000 metre diamond drilling programme at its wholly owned Kingsway Project in Newfoundland.
Highlights of the drilling include an intersection of 20.88 g/t Au over 5.0m that included 124.21g/t Au over 0.81m and 7.41g/t Au over 1.0m in Hole K-22-206, and 6.04 g/t Au over 1.20m in Hole K-22-208. Both holes were drilled at the north end of Big Vein.
“We continue to follow up on the success of last year’s drilling at Big Vein with another high-grade intersection at the north end of the zone. Big Vein has now been drilled over a strike length of approximately 520m along the west side of the Appleton Fault Zone and remains open to the northeast and to the southwest,” said Roger Moss, President and CEO.
“Drilling is ongoing at both ends of the zone to extend the strike length of the mineralization.”
A total of 63,055m have been drilled to date out of the planned 100,000m program. Assays are pending for samples from approximately 2,700m of core.
The company has CA$18 million in cash and is well funded to carry out the remaining 37,000m of the planned drill program as well as further exploration to add to the pipeline of drill targets on the property.
For further information please visit: https://labradorgold.com/
