The latest results include holes drilled at the NE extension of Big Vein, Knobby and a follow up hole in the new HM occurrence.
Hole K-23-309 drilled at Big Vein intersected several intervals over the length of the hole including:
- 10.63 g/t Au over 5.9 metres from 139.1 metres downhole that included 46.72g/t over 1 metre in the
Big Vein Zone - 1.41g/t Au over 2 metres from 251 metres and
- 2.2g/t Au over 8.3 metres from 282 metres that included 12.07g/t Au over 0.8 metres in the
HTC Zone .
The hole extended both zones by 25 metres along strike to the northeast.
Hole-24-336 followed up the initial intersection at HM (38.37g/t Au over 0.8 metres) with a 25 metre step out to the northwest and intersected near surface mineralization grading 9.29g/t Au over 1.38 metres from 60.62 metres that included 25.22g/t over 0.5 metres.
Two follow up holes at Knobby intersected gold mineralization. Hole K-23-298 intersected 6.05g/t Au over 0.4 metres from 89.9 metres, and hole K-23-310 intersected 8.04g/t Au over 0.6 metres from 80.9 metres.
“We are pleased with the high-grade gold over significant widths intersected at Big Vein and by the number of separate gold bearing intervals in the hole that intersected both the Big Vein and HTC Zones. Both zones were extended 25m to the northeast with this hole,” said
Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Zone |
K-24-336 | 60.62 | 62.00 | 1.38 | 9.29 | HM |
including | 60.62 | 61.12 | 0.50 | 25.22 | |
K-23-312 | 11.00 | 17.00 | 6.00 | 0.22 | Big Vein |
97.00 | 105.00 | 8.00 | 0.19 | ||
306.15 | 307.00 | 0.85 | 1.63 | ||
K-23-311 | nsv | Knobby | |||
K-23-310 | 80.90 | 81.50 | 0.60 | 8.04 | Knobby |
K-23-309 | 139.10 | 145.00 | 5.90 | 10.63 | Big Vein |
including | 141.00 | 144.00 | 3.00 | 20.26 | |
including | 143.00 | 144.00 | 1.00 | 46.72 | |
251.00 | 253.00 | 2.00 | 1.41 | ||
282.00 | 290.30 | 8.30 | 2.20 | HTC | |
including | 283.20 | 284.00 | 0.80 | 12.07 | |
K-23-306 | nsv | Big Vein | |||
K-23-305 | nsv | Knobby | |||
K-23-301 | 9.00 | 21.00 | 12.00 | 0.49 | Big Vein |
including | 19.00 | 20.00 | 1.00 | 1.68 | |
71.00 | 72.00 | 1.00 | 2.18 | ||
K-23-300 | nsv | Knobby | |||
K-23-299 | 50.20 | 51.45 | 1.25 | 5.25 | Big Vein |
K-23-298 | 89.90 | 90.30 | 0.40 | 6.05 | Knobby |
Table 1. Summary of recent assay results. All intersections are downhole length
as there is insufficient Information to calculate true width.
Hole ID | Easting | Northing | Elevation (m) | Azimuth | Dip | Depth (m) |
K-24-336 | 660,876 | 5,434,262 | 37 | 75 | 45 | 91 |
K-23-312 | 661,589 | 5,435,389 | 47 | 145 | 65 | 353 |
K-23-311 | 660,549 | 5,433,756 | 43 | 220 | 45 | 244 |
K-23-310 | 660,548 | 5,433,757 | 43 | 245 | 45 | 154 |
K-23-309 | 661,589 | 5,435,388 | 47 | 145 | 45 | 303 |
K-23-306 | 661,673 | 5,435,572 | 49 | 145 | 65 | 254 |
K-23-305 | 660,576 | 5,433,755 | 41 | 187 | 65 | 157 |
K-23-301 | 661,656 | 5,435,546 | 58 | 145 | 45 | 166 |
K-23-300 | 660,626 | 5,433,773 | 36 | 187 | 45 | 172 |
K-23-299 | 661,621 | 5,435,169 | 39 | 0 | 45 | 110.5 |
K-23-298 | 660,594 | 5,433,792 | 42 | 187 | 45 | 193 |
Table 2. Drill collar details.
Figure 1. Kingsway occurrences with highlights of recent drilling.
Almost 92,000 metres have been drilled to date out of the 100,000 metre program. Assays are pending for 4,000 samples. The Company has approximately
QA/QC
True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ split core are securely stored prior to shipping to
Qualified Person
About
Labrador Gold’s flagship property is the 100% owned Kingsway project in the Gander area of
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Forward-Looking Statements: This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/10a9e572-602d-46dc-9e7e-adfc9591b896
Figure 1.
Kingsway occurrences with highlights of recent drilling.
2024 GlobeNewswire, Inc., source