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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 tictactoe111on Jul 16, 2024 4:20pm
348 Views
Post# 36135503

Looking forward

Looking forwardI took a position in this today. The remaining assets plus NFG share value and LAB's cash in bank way exceed the current market cap, that's a nice starting point for entry. At this market cap it's a no brainer and especially unlike most juniors, little or no risk of dilution in the near future. Minimal downside with significant upside possible off the back of NFG holding or perhaps Hopedale as it unfolds.

Not big money allocated but couldn't let a bargain pass me by.

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