NKOSF - Labrador Gold Corp. (NKOSF) - Discovering Gold Along the Appleton Fault in Newfoundland

Initiating coverage with an Outperform rating. Labrador Gold is advancing its flagship Kingsway gold project in the Central Newfoundland Gold Belt. The company is nearly midway through a 100,000-meter drilling program targeting high-grade gold mineralization along a 12-kilometer section of the Appleton Fault Zone. The company’s portfolio also includes the Hopedale project that covers much of the Florence Lake Greenstone Belt in Labrador, the Borden Lake Extension in Ontario which consists of 219 claims that are 100% owned by Labrador Gold, and the Scotch property which consists of 25 claims encompassing an area of 61 square kilometers near New Brunswick.Drilling program yielding promising results. Holes have been drilled at the Big Vein, Pristine, Midway, and Golden Glove targets. All four targets have produced impressive assay results. The company recently started drilling a fifth target, CSAMT, and expects to drill a total of ten holes. At Big Vein, near surface high-grade gold intersections include 276.56 grams of gold per tonne over 0.5 meters, 44.08 grams of gold over 4.28 meters, and 128.51 grams of gold over 1.12 meters. Exploration along the Appleton Fault continues to generate new targets. Read More >>