Nov 17 2020
Labrador Gold Corp., a Canadian based mineral exploration company, has announced additional results of the newly concluded soil sampling survey conducted at its Kingsway Project, which covers approximately 77 km2 and is located close to Gander in Newfoundland.
The Kingsway project is precisely situated within the Gander Gold Belt, which is highly prospective. Labrador Gold has recently completed soil sampling, collecting 7740 soil samples across a total of 16 grids.
The company has also reported the results for 432 samples in the region of the quartz vein that contains visible gold on the Kingsway South license.
Gold (Au) values in the soils span from below detection (<0.5 ppb) to 9946 ppb (9.9 g/t Au), with three more samples assaying more than 1000 ppb (1g/t Au) and 19 samples assaying more than 100 ppb (0.1g/t Au).
Labrador Gold detected four highest gold values between 100 and 300 m to the southwest of the visible gold locations and these indicate the potential for further gold mineralization in this region.
The overall soil anomaly stretches more than 500 m to the southwest of the visible gold sample sites and expands the strike of the prospective quartz vein-related gold mineralization in this region to 600 m. This anomaly continues to remain exposed and additional soil sampling is being performed to track this trend to the southwest.
An interpreted splay off the Appleton fault zone towards the northeast seems to displace the gold in soil anomaly about 350 m to the northwest. This anomaly extends to an additional 950 m towards the northeast, along another interpreted structure trending sub-parallel to the Appleton fault zone.
The gold in soil anomalies clearly define the trend of the mineralized vein southwest of the visible gold samples demonstrating the effectiveness of such sampling. We will continue tracking this anomaly to the southwest with more soil sampling and prospect along the trend in both directions to identify further sites of gold mineralization.
Roger Moss, President and CEO, Labrador Gold Corp.
Technical Advisor Shawn Ryan added, “Finally we see the results of a quality deep soil sampling program over the Kingsway Project, something I expected from my 2015 soil research program. While soil sampling is not new, taking great care in gathering a sample was not the norm. Now, with low assay detection limits, taking thousands of quality samples one can start to see mineralized trends and patterns even as low as 10- 20 ppb Au.
So the results described here are exceptional. LabGold’s aggressive soil sampling program covering 16 Grids gives the company a good probability of finding new mineralized structures. I look forward to seeing the final results of the completed surveys.
Shawn Ryan, Technical Advisor, Labrador Gold Corp.
For sample preparation, Labrador Gold delivered the samples to Eastern Analytical Laboratory based in Springdale, Newfoundland, and sample analyses were subsequently completed at the Vancouver laboratory of Bureau Veritas.
Samples were assessed for gold and also for another 36 elements using inductively coupled plasma-emission/mass spectrometry (ICP-ES/MS) after an aqua regia digestion. Labrador Gold submitted blanks, certified reference standards, and field duplicates with batches of samples to track the quality of the analyses.
Labrador Gold gratefully acknowledged the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for extending the financial support for exploration of the Kingsway Project.