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Labrador Gold Corp V.LAB

Alternate Symbol(s):  NKOSF

Labrador Gold Corp. is a Canada-based mineral exploration company. The Company is focused on the acquisition and exploration of prospective gold projects in Eastern Canada. The Company’s properties include Hopedale Property, Borden Lake Property, and Scotch Property. The Hopedale property comprises 998 claims on five licenses covering 249 square kilometers of the Florence Lake greenstone belt. The Hopedale property covers much of the Florence Lake greenstone (FLGB) belt that stretches over 43 km. The belt is typical of greenstone belts around the world but has been underexplored for gold by comparison. The eastern portion of the Florence Lake greenstone belt lies along tidewater southwest of Hopedale. The Company has a 100% undivided interest in the Borden Lake Property located near Chapleau, Ontario. Borden Lake Extension (BLE) consists of approximately 219 claims. The Company’s Scotch Property is located southwest of Moncton, New Brunswick and consists of 21 claims.


TSXV:LAB - Post by User

Bullboard Posts
Comment by stockinupon Jun 08, 2020 10:59am
200 Views
Post# 31124053

RE:Drilling?

RE:Drilling?Just as I thought, focus has changed. Sounds like they are excited about Gander. Below is Roger's reply... SU Good morning _____, Thanks for your positive feedback on what we have been doing in Newfoundland and Labrador. In response to your question regarding our apparently conflicting disclosure, at the beginning of the year we planned to conduct most of our 2020 exploration on the Hopedale project as you point out. However, a few things happened that caused us to change our focus. The first was the discovery by New Found Gold, a private company, of 92.86 g/t Au over 19.0m on their Queensway property near Gander Newfoundland. This generated a lot of excitement about the gold potential of the Gander area. The second thing was that our partner in our Labrador properties, Shawn Ryan, had two licenses just north of this discovery near Gander. After some protracted negotiations, we managed to get an option to acquire 100% of the licenses. These licenses lie along strike to the north of the New Found Gold discovery and we believe have excellent potential for hosting similar gold mineralization. Given the excitement around the discovery and the Gander area in general, and that we now control the only prospective areas outside of the New Found Gold property, we decided to focus our attention on the Kingsway Property. This has allowed us to undertake a financing that should raise $5 million that will fund significant work on Kingsway as well as to continue work at Hopedale. This change of focus means we will no longer drill at Hopedale this year, but we will be drilling at Kingsway following completion of soil sampling and ground geophysics. I anticipate an exciting summer in the Gander area, and am happy you will be part of it. I hope that answers your question. Thanks for your interest in the Company and I wish you success with your investments. regards, Roger Roger Moss, Ph.D., P.Geo President and CEO Labrador Gold Corp. +1-416-704-8291 www.labradorgold.com @LabGoldCorp TSX-V:LAB
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