(Kingsway Project Drilling Locations. Map via Labrador Gold Corp. Click to enlarge.)
Labrador Gold Corp. (TSX-V: LAB, OTCQX: NKOSF, Forum) announced this week that drilling had begun at its Kingsway gold project.
Up to five drill holes are planned and will then proceed approximately 2 km southeast to test coincident gold in soil and targets along two interpreted secondary structures trending northeast and north-northeast. The third drilling area is located a further 2.6 km to the southeast close to the intersection of a northwest trending structure with the north-northeast structure. Gold in soil anomalies range from below detection up to 686ppb (0.67g/t Au) and are associated with a strong northeast trending conductor. The last two areas for drilling are further to the northeast approximately 4.8km and 7 km northeast. The first area is in an area of complicated structure that is currently being covered with the CSAMT Survey. Gold in soil samples range from below detection up to 547ppb Au. A single historical till sample in the area assayed 1,093ppb Au (1.09g/t) and contained 60 gold grains. The final area covers an interpreted north-northeast trending splay where gold in soil samples range from below detection to 1,618 ppb (1.62 g/t Au).
Labrador Gold’s Chief Executive Officer Roger Moss hailed the start of drilling on the Kingsway Project as a major milestone that the Company has worked hard to achieve this field season.
“The last drilling on the property was in the nineties, so we are excited to drill this prospective region after a more than twenty-year hiatus.”
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It was only earlier this month when the Canadian based mineral exploration Company recently mobilized a drill and crew to its
Kingsway project near Gander Newfoundland. The Kingsway project is located within the highly prospective Gander Gold District along strike to the northeast of
New Found Gold Corp’s (TSX-V: NFG) gold discovery announced earlier this year.
FULL DISCLOSURE: Labrador Gold Corp. is a client of Stockhouse Publishing.