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01:07 PM EDT, 10/18/2021 (MT Newswires) -- Labrador Gold Corp. (LAB.V) has received the Exploration Approval for diamond drilling of regional Appleton Fault Zone targets at its Kingsway Project near Gander, Newfoundland. The Kingsway project is located within the Gander Gold District.
LabGold has mobilized a drill rig to the first target, approximately 800m northeast of Big Vein and the company expects drilling to begin this week.
"We are very excited to begin drilling the most advanced of six prospective gold targets that we have generated and are currently exploring along the Appleton Fault Zone," said Roger Moss, President and CEO of Labrador Gold. "We know this is a very productive fault and the LabGold team has worked hard to get this target to the drill stage. With discoveries first at Big Vein, and more recently at Golden Glove, this anomalous area is next in line for a potential discovery. Now that we have the permit in place, we look forward to testing targets over a four km strike length of the Appleton Fault Zone northeast of Big Vein."
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