10,000m Programme Testing Strike Length Of Big Vein
Labrador Gold Corp. (TSXV:LAB) has mobilised drill and field crew to its 100% controlled Kingsway Gold Project near Gander in Newfoundland.
The Kingsway project is located within the highly prospective Gander Gold District and along strike from New Found Gold’s high-grade Queensway Project.
Since Labgold is already well advanced in its preparations for the drilling programme it is expected that drilling will begin quickly.
The 10,000m drill programme, anticipated to consist of 43 holes, is designed to test a 350m strike length of Big Vein.
Initial drilling is designed to test shallow mineralisation below the original visible gold showing, a grab sample from which assayed 1,065 g/t gold in December 2020.
President and CEO, Roger Moss, said that since the plunge of the high-grade mineralisation is not yet known, drilling will proceed with short 12.5-metre step outs to the northeast and southwest of the visible gold showing.
“The LabGold team is excited for the start of drilling at the high-grade gold target at Big Vein as we have been waiting for some time to follow up on our new discovery of visible gold late last year,” Mr Moss said.
“Our crew has worked hard to prepare for the start of the drill programme, and as such I believe we should be drilling in a matter of days.”
The Big Vein target is an auriferous quartz vein exposed at surface that has been traced over 400 metres to date. Gold mineralisation observed at Big Vein includes six occurrences of visible gold, assays of samples from which range from 1.87g/t to 1,065g/t gold.
The visible gold is typically hosted in annealed and vuggy gray quartz, that is locally stylolitic with vugs often containing euhedral quartz infilling features characteristic of epizonal gold deposits.
