Labrador Gold Corp V.LAB

Alternate Symbol(s): NKOSF

Metals & Mining Gold

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.

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Labrador Gold Corp > One Mine Makes Economical Sense

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Comment by geezer21on Oct 06, 2021 5:10pm

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Post# 33977502

RE:RE:RE:RE:One Mine Makes Economical Sense

Whatever the eventual configuration, the potential for consolidation of SIC, LAB, and NFG is high. When ore bodies are contiquous time and again consolidations take place. It is a common event in mining. When it costs hundreds of million to erect a mill all the players recognize the huge saving in capital outlay to amalgamate. In addition there is big savings in managment and operational staffing, procurment, mining coordination, equipment utilization, exploration expenses, and more.

SIC is well within hauling distance of LAB and NFG. You can see their close proximity on this map.