Compare NFG's Lotto Deposit to LAB's Big VeinIn my last post I missed the posting of Labrador announcing high grade gold assays of outcrop grab samples at Golden Glove 3.5 km south of Big Vein.
This takes Labrador Gold's mineral showing down to the southern property limits within hailing distance of New Found Gold's new Big Dave discovery. Does this indicate Labrador should be drilling off the eastern side of the Appleton fault from Big Vein down to Golden Glove?
The new release was posted before but here it is again:
September 21, 2021
Labrador Gold Samples 338 g/t Au in New Discovery at Golden Glove 3.5km South of Big Vein
Highlights
- Rock chip assays from the new discovery include 338.08 g/t Au, 194.28 g/t, 193.69 g/t and 83.61 g/t Au confirming the presence of high-grade epizonal gold in a second location on the Kingsway property
- This further demonstrates the significant potential for high-grade near surface gold mineralization to be found along the Appleton Fault Zone
- Golden Glove lies on the southeast side of the Appleton Fault Zone similar to gold occurrences to the south of Kingsway
TORONTO, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce high-grade assay results from samples collected at a brand new discovery, the Golden Glove, located approximately 3.5km south of Big vein, part of its 100% controlled Kingsway Project near Gander, Newfoundland. The Kingsway project is located within the highly prospective Gander Gold District.
Assays of six grab samples taken from an outcrop of mineralized quartz vein range from 2.99 to 338.08g/t Au. The three highest grade samples contained visible gold. A sample of quartz vein float approximately 60 metres to the northeast of the visible gold outcrop assayed 2.16g/t Au. Highlights of the results are given below.
| Sample # | Sample Type | Sample Type | Rock Type | Au (g/t) |
| 709307 | outcrop | float | Quartz vein | 2.16 |
| 709253 | outcrop | Grab* | Quartz vein with visible gold | 338.08 |
| 709252 | outcrop | Grab | Quartz vein with visible gold | 194.28 |
| 709251 | outcrop | Grab | Quartz vein with visible gold | 193.69 |
| 709010 | Outcrop | Grab | Quartz vein with py, apy and cpy | 6.34 |
| 709009 | Outcrop | Grab | Quartz vein with py, apy and cpy | 83.61 |
| 555963 | Outcrop | Grab | Quartz Vein with py | 2.99 |
Abbreviations: py pyrite, apy arsenopyrite, cpy chalcopyrite *Note that grab samples are select samples and are not necessarily representative of gold mineralization found on the property.
The Golden Glove discovery is located adjacent to the Appleton Fault Zone approximately 3.5km southwest of Big Vein. Unlike Big Vein, it is located on the southeast side of the Appleton Fault Zone, similar to the Keats, Golden Joint and Lotto occurrences on New Found Gold’s Queensway property immediately to the south.
“The discovery of high-grade gold mineralization at Golden Glove is the result of our systematic approach to exploration at Kingsway. Golden Glove is just one of six prospective gold targets, excluding Big Vein, that we have generated and are currently exploring along the Appleton Fault,” said Roger Moss, President and CEO of Labrador Gold. “We continue to advance these targets and generate new ones along the entire 12km length of the Appleton Fault covered by the Kingsway Project. This is the second new discovery made by LabGold on the Kingsway project following the discovery of Big Vein late last year. We anticipate making further discoveries as we continue to explore what appears to be a very productive fault zone.”
Figure 1. Location of the Golden Glove visible gold occurrence together with other prospective gold targets along the Appleton Fault Zone.
https://www.globenewswire.com/NewsRoom/AttachmentNg/73bedc9c-55cf-454d-a8e9-5bfb71de552e
Figure 2. Samples from Golden Glove containing visible gold.
https://www.globenewswire.com/NewsRoom/AttachmentNg/f7b86958-8832-49ae-a78b-2e9929eb0bce
QA/QC
Samples were shipped to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples were analyzed for gold by whole sample metallic screen/fire assay or by standard 30g fire assay with ICP (inductively coupled plasma) finish. The company submits blanks, field duplicates and certified reference standards at a rate of approximately 5% of the total samples in each batch.
Roger Moss, PhD., P.Geo., President and CEO of LabGold, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release.
The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.