Up and Down....Up and Down....Lab has certainly had its ups and downs over the last 3 days.... another 3.1 M shares already today, up to $0.63 briefly. No doubt the rumours are circulating about their first core, K-21-01. The traders have figured out that this is where the action is so they are playing hard. In the middle of all of this, there are people taking profit and people getting ready for what couild be a spectacular first core. I wonder what the next few cores will be like....?
It is great they hit two zones of significant quartz veining and sulphide mineralization, many company drill several holes and hit nothing..... As the CEO says.....
"Our drilling program is off to an encouraging start with the first hole intersecting two zones of significant quartz veining and sulphide mineralization," said Roger Moss, president and chief executive officer of Labrador Gold. "The presence of vuggy quartz, stylolites, arsenopyrite and possible boulangerite are all indications that we are in the targeted epizonal gold system."