LAB:CC - Junior Miner Announces Drill Results

2023-04-20 09:53:13 ET

After announcing intersection results on a site, this miner is well funded to continue exploring a current drill program and to further explore other drill targets.

%LabradorGold TSX.V: OTCQX: results from recent drilling targeting the highly prospective Appleton Fault Zone near New Foundland in its press release today. Highlights of the drilling include an intersection of 5.22g/t Au over 2.80 metres from 418.6 metres that included 22.02g/t Au over 0.4 metres in Hole K-22-214B which also included 8.62 g/t Au over 0.7 metres from 496 metres. This hole was a wedge off Hole K-22-214 that was previously abandoned in mineralization at 486 metres due to excessive fracturing after intersecting 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.

Roger Moss, President and CEO of Labrador Gold Corp. said, “Recent 3D modelling has given us a much better understanding of the structural complexity and controls on gold distribution at Big Vein. Mineralization is closely associated with splays off the Appleton Fault Zone which we now believe to run through Big Vein. This interpretation will guide our drilling as we seek to continue to expand Big Vein along strike and at depth.”

Shares closed Wednesday trade at $0.215.