SPONSOR: Labrador Gold – Two successful gold explorers lead the way in the Labrador gold rush targeting the under-explored gold potential of the province. Exploration has already outlined district scale gold on two projects, including over a 40km strike length of the Florence Lake greenstone belt, one of two greenstone belts covered by the Hopedale Project.
Hopedale:
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.
Ashuanipi
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
FULL DISCLOSURE: Labrador Gold is an advertising client of AGORA Internet Relations Corp.
Joint Venture with Tudor Gold and a 20% FULLY CARRIED INTEREST until a production notice is given. The last hole drilled intersected 563.8m of 0.98 g/t gold and remains open. The 2019 program is designed to drill well over one billion tonnes of rock and produce a multi-million-oz gold deposit incorporating an open pit design and with higher gold grades and remarkably better logistics than Seabridge’s adjoining KSM. Click here for the Treaty Creek JV Highlights
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Advance Gold is focused on its 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico. Drilling in the first 3 phases identified a cluster of 30 mineralized epithermal veins over an area from east to west of approximately 300 metres, and north to south 400 metres, and 300 metres of depth. Advance plans to focus deeper to find the boiling zone of the system and potentially economic mineralization. AAX recently created a 3D model of the vein Tabasquena system.
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GGX gold has discovered high grade gold silver and tellurium in the Greenwood-Republic mining camp, British Columbia. The current 2019 drill program follows up on 2018 intercept of high grade gold-silver (129 g/t gold and 1,154 g/t silver over 7.28 meter) from the near surface COD vein which is projected to be 1.5 kms in length. In addition tellurium grades were announced with “up to 3,860 g/t telluriumâ€, including “823 g/t tellurium over 7.28-meter core length†and “640 g/t tellurium over 6.90-meter core length. 2019 drilling on COD North is currently underway.
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Great Atlantic is situated between Marathon Gold and Sokoman in Canada’s newest emerging gold district. The Company reported a NI 43-101mineral resource estimate for the JMZ in late 2018 on Golden Promise and 2019 is focussed on prospecting and geochemical sampling at high priority targets within the property. Planned 24 hole program in the northern half of the property at the gold-bearing Jaclyn Zone, specifically at the Jaclyn Main Zone (JMZ) and Jaclyn North Zone (JNZ).
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(TSX-V: LAB)
Lead by Shawn Ryan and Roger Moss, LAB has 2 district scale Greenfield Gold projects in Labrador that have never seen any modern exploration techniques. Ashuanipi and Hopedale are being systematically explored for gold potential following the same techniques that created the White Gold discoveries. At Ashuanipi , a 15km long by 2 to 6 km wide north-south trend exists and a second 14 km long by 2 to 4 km wide east-west trend are the focus of 2019 exploration.
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FULL DISCLOSURE: All companies listed above are advertising clients of AGORA Internet Relations Corp.
Hopedale:
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 under-explored 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.
Ashuanipi
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
FULL DISCLOSURE: Labrador Gold is an advertising client of AGORA Internet Relations Corp
Hopedale:
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 under-explored 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.
Ashuanipi
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
FULL DISCLOSURE: Labrador Gold is an advertising client of AGORA Internet Relations Corp
Hopedale:
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 under-explored 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.
Ashuanipi
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
FULL DISCLOSURE: Labrador Gold is an advertising client of AGORA Internet Relations Corp
VANCOUVER, British Columbia, May 14, 2019 (GLOBE
NEWSWIRE) — Labrador Gold Corp. (TSX-V: LAB) (“Labrador Gold†or the
“Companyâ€) is pleased to announce the appointment of Mr. Kai Hoffmann to
the board of Directors.
Mr. Hoffmann holds a Bachelor of Business Administration from the University of Bedfordshire in the UK and is a businessman with years of experience in the capital markets and commodities industry. He is the CEO of Soar Financial Group, consisting of a boutique merchant bank and corporate communications company, a publishing house and Oreninc, a website that tracks financings for Canadian listed exploration and mining companies. He is a regular keynote speaker at leading industry conferences and events.
“On behalf of the existing Directors, I welcome Kai to the Labrador Gold Board, and we look forward to working with him.†said Roger Moss, President and CEO. “His experience in marketing and capital markets will benefit the company as we anticipate another exciting year in Labrador.â€
“I am excited to be joining Roger, Shawn and the Labrador Gold team. The coming months mark a pivotal time in the company’s development, and I am looking forward to not only support the team but also to help achieve the corporate goals.†comments Kai Hoffmann.
The Company also announces the grant of 500,000 options to purchase common shares of the Company to Mr. Hoffmann and an additional 1,100,000 options to the existing directors, officers and a consultant. The options are exercisable at a price of $0.20 for a period of five years.
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 56,514,022 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
March 28, 2019
It has been less than two years since I met Shawn Ryan and launched Labrador Gold and yet we have accomplished so much in that short time. We raised over $5 million, and in the process attracted investors such as Mr. Rob McEwen, Chairman and Chief Owner of McEwen Mining Inc., Plethora Precious Metals Fund, RyanWood principals Shawn Ryan and Cathy Wood, as well as friends and associates of management. We completed two field programs in Labrador, taking over 26,000 soil samples, 1,547 lake sediment samples and 728 rock samples. Following the first program we narrowed our focus to the two most prospective properties having identified regional scale gold anomalies on both. This year we will evaluate multiple compelling targets and undertake the first drilling to be carried out for gold on either property.
Both Shawn and I started in the mining industry when companies still did grassroots, reconnaissance scale exploration as a matter of course. We routinely used stream sediment sampling, soil sampling, till sampling and prospecting over large properties to continuously narrow down the search to the most prospective areas. Done correctly, it is an unbiased means of rapidly assessing the exploration potential of a region and it works. Shawn used soil sampling as the primary means for discovering gold deposits in the Yukon that add up to over 7.5 million ounces. I was part of team that used soil sampling to find the Navachab gold deposit in Namibia, which still had resources of 3.9 million ounces in 2014 following 15 years of production. Based on these successes it made sense to apply the same method to the Labrador properties.
Labrador Gold is the first company to take such a systematic approach to gold exploration in Labrador. Shawn used publicly available data, including mineral occurrences and assays of lake sediments, soil samples, and rock samples to stake three properties that covered 1,701 square kilometres, an area just smaller than the Indian Ocean island of Mauritius. We started narrowing the area down in 2017 with regional scale soil and lake sediment sampling and limited prospecting. The results were encouraging.
Two of the properties, Hopedale and Ashuanipi, showed significant gold anomalies in both soils and lake sediments with values up to 2.1g/t in the soil samples. At Ashuanipi the anomalies identified a 15 kilometre long by 2 to 6 kilometre wide north-south trend and a second 14 kilometre long by 2 to 4 kilometre wide east-west trend. The anomalies are broadly associated with magnetic highs and do not show any correlation with specific rock types suggesting a structural control on the localization of the gold anomalies. As a result of the successful program we added claims to the northern claim block in both Labrador and Quebec to cover potential extensions of the anomalies.
Gold in soil anomalies at the Hopedale project successfully picked up known gold mineralization over a three km segment of the northern Florence Lake greenstone belt known as Thurber Dog indicating that the technique works in Labrador. What was particularly exciting was that gold anomalies also occurred along the entire 40km length of the southern Florence Lake greenstone belt. This belt has many characteristics of greenstone belts elsewhere in the world including major crustal scale structures, greenschist facies metamorphism, the presence of felsic porphyries and granitic intrusions and similar volcanic rocks. In terms of size, it is intermediate between the Kirkland Lake and Timmins gold camps of Ontario. Such greenstone belts are prolific hosts of gold elsewhere in the world. As such, and based on our results so far, it is quite possible that future exploration may result in the discovery of one or more gold deposits at Florence Lake. In terms of exploration maturity, Florence Lake is at the stage the Timmins camp was over a hundred years ago.
Encouraged by the success of our 2017 field work, we planned a follow up program of detailed soil sampling on grids with lines spaced at 100 metres and sample intervals of 25 metres along the lines. This would allow better resolution of potential gold mineralization highlighted by the samples. At Ashuanipi, we took 7,475 soil samples on 18 grids across the Ashuanipi north claim block and along 61 reconnaissance soil lines over the claims staked in 2018. Results of analyses showed significant gold anomalies in all but two of the 18 grids and confirmed the 15km north-south anomalous trend with values up to 8,970 ppb Au (8.97g/t) and 67 samples containing more than 100 ppb (0.1g/t) Au. These results suggest a robust mineralized system that is regional in extent with elevated values indicating potential sites of near surface gold mineralization.
At Hopedale, we took more than 10,000 soil samples on 12 grids along the length of the Florence Lake greenstone belt covering anomalous gold-in-soil targets with favorable geology and structure. Results showed 34 samples with values greater than 100 ppb (0.1g/t) Au, with five of these samples grading greater than 1,000 ppb (1g/t) Au. Elevated gold values were found in samples from all 12 grids. The highest concentrations of samples with anomalous gold are found in the Thurber Dog, Jasmine and Misery grids. The anomalies extend along strike for 5km at Thurber Dog and 1.8km at Misery. Rock samples collected during mapping and prospecting showed 80 samples with values greater than 0.1 g/t gold including 17 samples that assayed greater than 1 g/t gold with a high of 11.4 g/t gold in a select grab sample from a quartz vein with pyrite and arsenopyrite mineralization.
Our first two field seasons using systematic sampling to narrow down areas of potential gold mineralization have been a success. Three areas were identified for further follow up on each of the Hopedale and Ashuanipi properties. Compilation and interpretation of all data including new aeromagnetic data, will refine these areas to ensure efficient, targeted assessment of their potential in the field. Initial follow up will include detailed mapping and rock sampling of each area. Once we receive the assays we expect to begin a drilling program on the most prospective targets in late summer.
The significant decline in discovery rates worldwide over the past decade calls for a more disciplined approach to exploration with longer term thinking. We have embraced this idea with our work in Labrador over the past two years and with the support of our shareholders have made big strides towards discovery. Based on our results to date I have a feeling that the 2019 field season will be an exciting one. I hope you will join us for the ride.
Maps and images from the Hopedale and Ashuanipi properties can be found at: https://www.labradorgold.com/projects/
Follow us on Twitter: @LabGoldCorp
Roger Moss
President and CEO
Labrador Gold Corp.
416-704-8291
FULL DISCLOSURE: Labrador Gold is an advertising client of AGORA Internet Relations Corp.
March 28, 2019
It has been less than two years since I met Shawn Ryan and launched Labrador Gold and yet we have accomplished so much in that short time. We raised over $5 million, and in the process attracted investors such as Mr. Rob McEwen, Chairman and Chief Owner of McEwen Mining Inc., Plethora Precious Metals Fund, RyanWood principals Shawn Ryan and Cathy Wood, as well as friends and associates of management. We completed two field programs in Labrador, taking over 26,000 soil samples, 1,547 lake sediment samples and 728 rock samples. Following the first program we narrowed our focus to the two most prospective properties having identified regional scale gold anomalies on both. This year we will evaluate multiple compelling targets and undertake the first drilling to be carried out for gold on either property.
Both Shawn and I started in the mining industry when companies still did grassroots, reconnaissance scale exploration as a matter of course. We routinely used stream sediment sampling, soil sampling, till sampling and prospecting over large properties to continuously narrow down the search to the most prospective areas. Done correctly, it is an unbiased means of rapidly assessing the exploration potential of a region and it works. Shawn used soil sampling as the primary means for discovering gold deposits in the Yukon that add up to over 7.5 million ounces. I was part of team that used soil sampling to find the Navachab gold deposit in Namibia, which still had resources of 3.9 million ounces in 2014 following 15 years of production. Based on these successes it made sense to apply the same method to the Labrador properties.
Labrador Gold is the first company to take such a systematic approach to gold exploration in Labrador. Shawn used publicly available data, including mineral occurrences and assays of lake sediments, soil samples, and rock samples to stake three properties that covered 1,701 square kilometres, an area just smaller than the Indian Ocean island of Mauritius. We started narrowing the area down in 2017 with regional scale soil and lake sediment sampling and limited prospecting. The results were encouraging.
Two of the properties, Hopedale and Ashuanipi, showed significant gold anomalies in both soils and lake sediments with values up to 2.1g/t in the soil samples. At Ashuanipi the anomalies identified a 15 kilometre long by 2 to 6 kilometre wide north-south trend and a second 14 kilometre long by 2 to 4 kilometre wide east-west trend. The anomalies are broadly associated with magnetic highs and do not show any correlation with specific rock types suggesting a structural control on the localization of the gold anomalies. As a result of the successful program we added claims to the northern claim block in both Labrador and Quebec to cover potential extensions of the anomalies.
Gold in soil anomalies at the Hopedale project successfully picked up known gold mineralization over a three km segment of the northern Florence Lake greenstone belt known as Thurber Dog indicating that the technique works in Labrador. What was particularly exciting was that gold anomalies also occurred along the entire 40km length of the southern Florence Lake greenstone belt. This belt has many characteristics of greenstone belts elsewhere in the world including major crustal scale structures, greenschist facies metamorphism, the presence of felsic porphyries and granitic intrusions and similar volcanic rocks. In terms of size, it is intermediate between the Kirkland Lake and Timmins gold camps of Ontario. Such greenstone belts are prolific hosts of gold elsewhere in the world. As such, and based on our results so far, it is quite possible that future exploration may result in the discovery of one or more gold deposits at Florence Lake. In terms of exploration maturity, Florence Lake is at the stage the Timmins camp was over a hundred years ago.
Encouraged by the success of our 2017 field work, we planned a follow up program of detailed soil sampling on grids with lines spaced at 100 metres and sample intervals of 25 metres along the lines. This would allow better resolution of potential gold mineralization highlighted by the samples. At Ashuanipi, we took 7,475 soil samples on 18 grids across the Ashuanipi north claim block and along 61 reconnaissance soil lines over the claims staked in 2018. Results of analyses showed significant gold anomalies in all but two of the 18 grids and confirmed the 15km north-south anomalous trend with values up to 8,970 ppb Au (8.97g/t) and 67 samples containing more than 100 ppb (0.1g/t) Au. These results suggest a robust mineralized system that is regional in extent with elevated values indicating potential sites of near surface gold mineralization.
At Hopedale, we took more than 10,000 soil samples on 12 grids along the length of the Florence Lake greenstone belt covering anomalous gold-in-soil targets with favorable geology and structure. Results showed 34 samples with values greater than 100 ppb (0.1g/t) Au, with five of these samples grading greater than 1,000 ppb (1g/t) Au. Elevated gold values were found in samples from all 12 grids. The highest concentrations of samples with anomalous gold are found in the Thurber Dog, Jasmine and Misery grids. The anomalies extend along strike for 5km at Thurber Dog and 1.8km at Misery. Rock samples collected during mapping and prospecting showed 80 samples with values greater than 0.1 g/t gold including 17 samples that assayed greater than 1 g/t gold with a high of 11.4 g/t gold in a select grab sample from a quartz vein with pyrite and arsenopyrite mineralization.
Our first two field seasons using systematic sampling to narrow down areas of potential gold mineralization have been a success. Three areas were identified for further follow up on each of the Hopedale and Ashuanipi properties. Compilation and interpretation of all data including new aeromagnetic data, will refine these areas to ensure efficient, targeted assessment of their potential in the field. Initial follow up will include detailed mapping and rock sampling of each area. Once we receive the assays we expect to begin a drilling program on the most prospective targets in late summer.
The significant decline in discovery rates worldwide over the past decade calls for a more disciplined approach to exploration with longer term thinking. We have embraced this idea with our work in Labrador over the past two years and with the support of our shareholders have made big strides towards discovery. Based on our results to date I have a feeling that the 2019 field season will be an exciting one. I hope you will join us for the ride.
Maps and images from the Hopedale and Ashuanipi properties can be found at: https://www.labradorgold.com/projects/
Follow us on Twitter: @LabGoldCorp
Roger Moss
President and CEO
Labrador Gold Corp.
416-704-8291
