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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

Comment by Sapwoodon Nov 05, 2020 7:45am
111 Views
Post# 31840775

RE:Exploration Work By Previous Owner

RE:Exploration Work By Previous Owner
GoldGravy wrote: I am sharing a map from the exploration work performed on the Kingsway property and surrounding area by Torq a few years ago. I find a couple of items quite interesting on the maps. Obviously the soil samples line up with our current ones or there abouts. The other is the magnetic imaging shows a very clear continuation of the low magnetic attraction on Kingsway throughout and Queensway North. I am sure Shawn Ryan kept these particular claims for this reason. However, I am confused as to why he passed up on a few of the other surrounding ones when Torq walked away. Anyway here is the link https://www.torqresources.com/news/2017/torq-resources-initiates-exploration-program-in-newfoundland/


I don't know if it works the same in the province of NFL, but in Quebec when you own a claim, you have to spend a certain amount of money on them annually (I think) in order to keep them... 

So in the situation here, maybe Ryan didn't have the cashflow to spend on all of them and kept the most promising ones...

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