Labrador Gold Corp. (TSXV:LAB) has received high-grade assays from six samples containing visible gold recently collected during prospecting in the Golden Glove area at its 100% owned Kingsway Project in Newfoundland.
The samples were collected as part of the company’s continuous efforts to generate and upgrade targets for drilling along the 12km strike length of the Appleton Fault Zone covered by the Kingsway Property.
The samples were taken from quartz veins believed to be splays off the original Golden Glove vein. Assays of the six samples ranged from 7.51 g/t to 479.51 g/t Au. The quartz veins are hosted by grey and black shales and are typically vuggy and locally stylolitic with iron carbonate alteration.
The four highest grade samples contain visible gold, and all samples contain between tw0 and five per cent pyrite and arsenopyrite both in the vein and along the contact with the shale wallrock. These results are comparable to assays from the initial samples taken at Golden Glove that ranged from 2.99 to 338.08g/t Au.
“The discovery of more veins containing high-grade gold at surface is encouraging as it gives us additional information on the structural context of the mineralisation at Golden Glove and will allow more efficient drill targeting.” said Roger Moss, President and CEO. “
Drilling to date has been following up recent high-grade intersections of 20.07 g/t Au over 1m in Hole K-22-154 and 6.22 g/t Au over 4m in hole K-22-150 located approximately 160m south of the discovery outcrop.
“Given the high-grade nature of these veins we will certainly look to specifically target them in our ongoing drilling at Golden Glove.”
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