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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 Sciencegeek1on Jul 22, 2021 11:16am
238 Views
Post# 33587686

RE:WELL

RE:WELLThings will change for ESNR when they drill more and derisk the project.  NFG was trading close to that range at one point after they came out with that spectacular drill result you just mentioned but they followed that up with an aggressive drill program that led to multiple such results being reported over a long strike length on their property.  You forgot to add their results of 430.2 m at 5.35 g/t, 124.4m at 17.7 g/t and 150.3m at 11.5 g/t with some of those located 2Km from the result you quoted.  So they have a LOT more data to derisk the project in relative terms so yeah, their valuation is higher.  LAB is a different story.  They are riding the coat tails of NFG at this point (as are many of their neighbors) and while they are priced as if they have already drilled a hole with >500-1000g/txm, they are not there yet but the potential is very high given their location and that is what people are betting on.  SIC drilled 535 g/txm and they are sitting at 45 cents but they have a larger float. Any one of these would be a solid bet at this point IMO, but people need to be a little patient and hopefully understand the risks comparing these in terms of valuation. GLTA.
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