Labyrinth Resources Limited Announces New Drilling Program to Expand High Grade Gold
project for 15 years. This is despite the project hosting extensive high-grade gold and copper mineralisation and strong evidence of nickel laterite. Labyrinth has recently completed a full review of the geology and known mineralisation and carried out an initial phase of on ground mapping. This process highlighted the significant potential but under-explored nature of the project. Work during the current exploration phase will include an updated JORC 2012 mineral resource estimate (`MRE') for the Sovereign trend gold system which includes the Sand Queen, Sand Prince and Princess Grace lodes, with the existing MRE reflecting work completed in 2011 under the NI43-101 instrument and adapted to JORC 2012 in 2018 without
any significant exploration works conducted. To support the MRE, a 1,500m reverse circulation drill program will be conducted to test for
extensions to the known lodes as well as gathering important geotechnical data.