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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

Post by ronreaganon May 25, 2021 11:45am
174 Views
Post# 33260023

SPROTT AND NFG MONEY LABRADOR

SPROTT AND NFG MONEY LABRADORJust last week, NFG and Sprott injected about $15 Million into Labrador, NFG's portion being $5 Million and Sprott's portion being $10 Million.

https://www.mining.com/sprott-new-found-gold-increase-positions-in-labrador-gold/

Do you think NFG and Sprott are in it to LOSE?

Me either.

No, Sprott ain't perfect - but something tells me the fact that Labrador's property is on the Appleton Fault and that it abuts NFG's property on the north end that Sprott knows good drilling results are coming soon. They just started drilling and announced the results of their first two holes on May 10, 2021 - nothing spectacular like NFG ...... yet. But, they hit mineralization in BOTH of their first two holes and they hit it within 300 meters of surface (read Open Pit, low AISC). DYODD.


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