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Labrador Gold $LAB.ca Announces Gold in Rock Samples From its Hopedale Project $RIO $MOZ.ca $FEX.ca

Posted by AGORACOM-Eric at 8:34 AM on Wednesday, March 13th, 2019
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  • Labrador Gold controls 57 kilometre a strike length of stratigraphy prospective for gold in the Florence Lake Greenstone Belt. Hopedale Project
  • Exploration program at Hopedale followed up on successful results of 2017 work that outlined regional scale gold in soil and lake sediment anomalies
  • Of these samples, 80 assayed greater than 0.1 g/t gold including 17 samples that assayed greater than 1 g/t gold.

VANCOUVER, British Columbia, March 13, 2019 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX-V: LAB) (“Labrador Gold” or the “Company”) is pleased to announce assay results for rock samples from its Hopedale project in Labrador. The company controls a 57 kilometre strike length of stratigraphy prospective for gold in the Florence Lake Greenstone Belt. The exploration program at Hopedale followed up on successful results of 2017 work that outlined regional scale gold in soil and lake sediment anomalies along the length of the belt and included detailed soil sampling, geological mapping, rock sampling and prospecting.

A total of 588 rock samples were taken along the length of the Florence Lake Greenstone Belt during the regional prospecting and mapping program. Of these samples, 80 assayed greater than 0.1 g/t gold including 17 samples that assayed greater than 1 g/t gold. Results of the assays ranged from below the detection limit of 0.05 g/t to 11.4 g/t gold in a grab sample from a quartz vein with pyrite and arsenopyrite. Additional highlights include channel samples of 2.77 g/t gold over 2.1 metres and 2.37 g/t gold over 2 metres. Highlights of gold assays of grab samples include 4.55g/t gold from quartz porphyry and 2.52g/t and 2.46g/t gold from quartz veins that were altered or contained sulphide. Complete highlights of the program are shown in the table below.

Sample IDAreaSample Type*LengthAu g/tDescription
1685504 to 506Thurber DogChannel3.50.47Quartz veins in Quartz porphyry
1685506Thurber Dogincluding10.86Quartz Porphyry
1685509 to 510Thurber DogChannel20.91Felsic volcanic
1685509Thurber Dogincluding11.27Quartz vein
1685555 to 556Thurber NorthChannel22.36Quartz Porphyry
1685556Thurber NorthIncluding12.73Quartz Porphyry
1685566Thurber NorthChannel0.50.92Ferruginous quartz vein
1685589Thurber NorthChannel0.560.48Quartz vein with iron Carbonate
1685613Thurber SouthChannel1.20.65Carbonate altered mafic volcanic
1685632 to 633Thurber SouthChannel2.12.77Chlorite altered Mafic volcanic with quartz veins
1685632Thurber Southincluding1.23.99Quartz vein with Fe oxide
1693835Thurber DogGrabn/a1.01Quartz vein with Arsenopyrite
1685854ShirleyGrabn/a1.09Phyllite with arsenopyrite
1690808Thurber DogGrabn/a1.45Felsic volcanic/Quartz Porphyry
1692276Thurber SouthGrabn/a1.64Quartz Vein
1692279Thurber SouthGrabn/a1.74Quartz Vein
1693836Thurber NorthGrabn/a1.84Silicified ultramafic with quartz veining and arsenopyrite
1685851ShirleyGrabn/a2.46Quartz-carbonate vein with pyrite
1692283Thurber SouthGrabn/a2.52Quartz vein with iron carbonate
1656525Thurber NorthGrabn/a4.55Quartz porphyry
1693833Thurber DogGrabn/a11.40Quartz vein with pyrite and arsenopyrite

*Note that grab samples are select samples and are not necessarily representative of gold mineralization found on the property.

While rock samples containing anomalous gold are found in many parts of the greenstone belt, most of the samples above 0.1g/t gold occur in the Jasmine/Shirley and Thurber Dog areas of the belt. At Jasmine/Shirley, the gold mineralization is associated with altered mafic volcanic rocks and phyllite that contain varying amounts of arsenopyrite from disseminated grains to veins of massive arsenopyrite. The highest-grade rocks in the area are from quartz veins with iron carbonate alteration.

At Thurber Dog, gold mineralization is associated primarily with altered porphyritic felsic volcanic rocks and quartz veins around the Thurber Dog occurrence and in the Thurber North area. At Thurber South the mineralization is associated with intensely carbonate altered ultramafic and mafic volcanic rocks and associated quartz veins. The mineralized rocks typically contain disseminated pyrite and, more rarely arsenopyrite.

“The results of our prospecting at Hopedale are very encouraging, especially since this was our first systematic rock sampling of the greenstone belt.” said Roger Moss, President and Chief Executive Officer of Labrador Gold. “Over 13% of the samples taken along the length of the belt returned results of more than 0.1 g/t gold and will be followed up in detail. In addition, significantly anomalous gold mineralization previously identified over a three kilometre strike length in the Thurber Dog portion of the belt continues to show excellent potential.”

All samples were shipped to the Bureau Veritas preparation laboratory in Timmins, Ontario, where they were crushed and split and a 500g sub sample pulverized to 200 mesh. Pulps were sent to the Vancouver laboratory for assay. Samples of 30g were analyzed for gold by fire assay with an atomic absorption finish and another 15g sample for 36 elements by ultratrace ICP-MS (inductively coupled plasma-mass spectrometry) following an aqua regia digestion. Overlimit samples (greater than 10g/t Au) are re-assayed using fire assay with a gravimetric finish. In addition to the QA-QC conducted by the laboratory, the Company routinely submits blanks, field duplicates and certified reference standards with batches of samples to monitor the quality of the analyses.

Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.

The company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Hopedale property.

About Labrador Gold:

Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in the Americas. In 2017 Labrador Gold signed a Letter of Intent under which the Company has the option to acquire 100% of the 896 square kilometre (km2) Ashuanipi property in northwest Labrador and the Hopedale (458 km2) property in eastern Labrador.

The Hopedale property covers much of the Hunt River and Florence Lake greenstone belts that stretch over 80 km. The belts are typical of greenstone belts around the world but have been underexplored by comparison. Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 57km strike length of the Florence Lake Greenstone Belt.

The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the 2017 reconnaissance exploration program following up the lake sediment anomalies show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale (see news release dated January 18th 2018). This suggests a possible structural control on the localization of the gold anomalies. Historical work 30 km north on the Quebec side led to gold intersections of up to 2.23 grams per tonne (g/t) Au over 19.55 metres (not true width) (Source: IOS Services Geoscientifiques, 2012, Exploration and geological reconnaissance work in the Goodwood River Area, Sheffor Project, Summer Field Season 2011). Gold in both areas appears to be associated with similar rock types.

The Company has 56,264,022 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:

Roger Moss, President and CEOTel: 416-704-8291

Or visit our website at: www.labradorgold.com

@LabGoldCorp

CLIENT FEATURE: $LAB Stichting Depositary Plethora Precious Metals Fund Owns 17.45% in Labrador Gold Corp. $RIO $MOZ.ca $FEX.ca

Posted by AGORACOM-Eric at 2:11 PM on Monday, March 11th, 2019
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  • Stichting Depositary Plethora Precious Metals Fund acquired 3,125,000 common shares of Labrador Gold Corp. at $0.13 per Share.
  • Plethora acquired the Shares by exercising its common share purchase warrants in the Company for CDN$406,250 
  • Plethora originally acquired the Warrants from the Company pursuant to a private placement that closed on February 2, 2017.
  • Prior to Exercise, Plethora owned or controlled 6,625,000 Shares, representing 12.56% of the Company’s issued and outstanding Shares
  • Following Exercise, Plethora owns or controls 9,750,000 shares or 17.45% of the Company

LAB Agoracom Hub

FULL DISCLOSURE: Labrador Gold is an advertising client of AGORA Internet Relations Corp.

CLIENT FEATURE: Labrador Gold’s Shaw Ryan Targeting the Under Explored Gold Potential of the Province $MOZ.ca $SIC.ca $GR.ca

Posted by AGORACOM-Eric at 9:56 AM on Tuesday, February 19th, 2019
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  • Led by Shawn Ryan, who’s prospecting and soil geochemistry work led to the discovery of  White Gold, Coffee, and QV projects for a total of 7.5M ounces Au
  • White Gold’s geochemical sampling program led to successful drill program
  • Exploration has already outlined district scale soil anomalies on two projects in Labrador
  • Hopedale property contains the Florence Lake greenstone belt and the Hunt River, both of which are under-explored for gold
  • Florence Lake greenstone belt has a 40 KM strike length and includes Thurber Dog
  •  Preliminary soil geochemical results show arsenic anomalies in several areas
  • Arsenic is a pathfinder element when exploring for gold

LAB Agoracom Hub

FULL DISCLOSURE: Labrador Gold is an advertising client of AGORA Internet Relations Corp.

$LAB Labrador Gold Announces Significant Gold Anomalies At Its Ashuanipi Project $SIC.ca

Posted by AGORACOM-Eric at 11:08 AM on Tuesday, January 22nd, 2019
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  • Two regional scale gold in soil and lake sediment anomalies trending 15km north-south and 14km east-west
  • The property covers 892 square km of ground prospective for gold.
  • 7,458 soil samples were taken on 18 grids at a 100m line spacing and 25m sample spacing across the Ashuanipi north claim block.
  • Results of analyses show significant gold anomalies in all but two of the 18 grids and confirm the 15km north-south anomalous trend

VANCOUVER, British Columbia, Jan. 22, 2019 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX-V: LAB) (“Labrador Gold” or the “Company”) is pleased to announce results from detailed gold exploration of its Ashuanipi project in Labrador and Quebec. The exploration program at Ashuanipi followed up on successful results of 2017 work that outlined two regional scale gold in soil and lake sediment anomalies trending 15km north-south and 14km east-west. The property covers 892 square kilometres of ground prospective for gold.

A total of 7,458 soil samples were taken on 18 grids at a 100m line spacing and 25m sample spacing across the Ashuanipi north claim block. In addition, 61 reconnaissance soil lines were taken over claims staked in Labrador and Quebec following the results of the 2017 work. Results of analyses show significant gold anomalies in all but two of the 18 grids and confirm the 15km north-south anomalous trend (See figures at www.labradorgold.com). Analyses of the soils range from below detection limit, <0.5 parts per billion (ppb) to 8.97g/t Au, with 67 samples containing more than 0.1g/t Au and three samples containing more than 1g/t Au in the soil. In addition, 749 soil samples with gold concentrations greater than the 90th percentile are considered anomalous and require detailed follow up.

Gold anomalies do not appear to correlate with specific rock types, at least on a regional scale, but are often associated with magnetic highs which may be indicative of a structural control on the location of the gold.

“Results of the detailed soil sampling at Ashuanipi has confirmed the regional nature of the gold anomalies and indicted specific areas where gold values are elevated above 0.1g/t and possibly related to near surface gold enrichment,” said Roger Moss, President and Chief Executive Officer of Labrador Gold. “These anomalies enable us to focus our exploration at specific sites along the regional anomaly to rapidly assess the potential for gold mineralization. Work during the coming field season will include detailed mapping, rock sampling and, if warranted, eventual drill testing of these anomalous areas. We anticipate an exciting field season at Ashuanipi tracking down the source of these significant gold anomalies.”

“Last year’s soil sampling program further resolved the anomalous gold trend down to the 25-metre scale,” added Shawn Ryan, Technical Advisor to Labrador Gold. “The size and intensity of the gold targets clearly explain the large regional gold in lake sediment anomaly and with 164 samples running over 50 ppb Au, 67 samples over 100 ppb Au and a high of 8,973 ppb Au it appears that we truly have a robust mineralized system. These areas will be the focus of aggressive exploration next season to identify high quality drill targets.”

The company also announces that its major shareholder, Plethora Precious Metals Fund (‘Plethora”) has exercised 3,125,000 warrants at an exercise price of $0.13. Plethora now holds 9,750,000 shares of the company representing 17.45% of the issued and outstanding shares. We appreciate the continued support of Plethora and their confidence in the exploration strategy of our technical team.

All samples were dried in the field before being shipped to the Bureau Veritas preparation laboratory in Timmins, Ontario, with analyses completed at the Vancouver laboratory. Samples were analyzed for gold and another 36 elements by ICP-MS (inductively coupled plasma-mass spectrometry) following an aqua regia digestion. The company routinely submits blanks, field duplicates and certified reference standards with batches of samples to monitor the quality of the analyses.

Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.

About Labrador Gold:

Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in the Americas. In 2017 Labrador Gold signed a Letter of Intent under which the Company has the option to acquire 100% of the 896 square kilometre (km2) Ashuanipi property in northwest Labrador and the Hopedale (458 km2) property in eastern Labrador.

The Hopedale property covers much of the Hunt River and Florence Lake greenstone belts that stretch over 80 km. The belts are typical of greenstone belts around the world but have been underexplored by comparison. Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 57km strike length of the Florence Lake Greenstone Belt.

The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the 2017 reconnaissance exploration program following up the lake sediment anomalies show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale (see news release dated January 18th 2018). This suggests a possible structural control on the localization of the gold anomalies. Historical work 30 km north on the Quebec side led to gold intersections of up to 2.23 grams per tonne (g/t) Au over 19.55 metres (not true width) (Source: IOS Services Geoscientifiques, 2012, Exploration and geological reconnaissance work in the Goodwood River Area, Sheffor Project, Summer Field Season 2011). Gold in both areas appears to be associated with similar rock types.

The Company has 55,864,022 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:             

Roger Moss, President and CEO      Tel: 416-704-8291

Or visit our website at: www.labradorgold.com