Companies
Labrador Gold (TSXV:LAB) Announces Results From Appleton Fault Zone, Intersects 20.88 g/t Au Over 5 Metres at Big Vein
Labrador Gold (TSXV:LAB) has announced new results from its ongoing drilling targeting the Appleton Fault Zone over a 12-kilometre strike length. The drilling…
Labrador Gold (TSXV:LAB) has announced new results from its ongoing drilling targeting the Appleton Fault Zone over a 12-kilometre strike length. The drilling at the site is part of the company’s 100,000-metre diamond drill program at the Kingsway Project.
Results included an intersection of 20.88 g/t Au Over 5 Metres at Big Vein, and 124.21g/t Au over 0.81 metres and 7.41 g/t Au over 1.0 metres in Hole K-22-206, and 6.04 g/t Au over 1.20 metres in Hole K-22-208, also drilled at the north end of Big Vein.
63,055 metres out of the planned 100,000 have been drilled so far, with assays pending for 2,700 of core samples. Labrador Gold also has approximately $18 million in cash and is funded to complete the remaining 37,000 metres of the program. The company will add further exploration targets on the property to add to the pipeline after the program is completed.
Roger Moss, President and CEO of Labrador Gold, commented in a press release: “We continue to follow up on the success of last year’s drilling at Big Vein with another high-grade intersection at the north end of the zone. Big Vein has now been drilled over a strike length of approximately 520 metres along the west side of the Appleton Fault Zone and remains open to the northeast and to the southwest. Drilling is ongoing at both ends of the zone to extend the strike length of the mineralization.”
Table 1. Summary of assay results. All intersections are downhole length as there is insufficient Information to calculate true width.
Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Zone |
K-22-208 | 116.00 | 118.00 | 2.00 | 1.07 | Big Vein |
176.58 | 178.12 | 1.54 | 5.00 | ||
including | 176.58 | 177.78 | 1.20 | 6.04 | |
K-22-206 | 24.00 | 25.00 | 1.00 | 1.13 | Big Vein |
319.00 | 320.00 | 1.00 | 7.41 | ||
371.00 | 376.00 | 5.00 | 20.88 | ||
including | 374.56 | 375.37 | 0.81 | 124,213 | |
K-22-204 | nsv | CSAMT | |||
K-22-203 | nsv | Golden Glove |
Table 2. Drill hole collar details
Hole ID | Easting | Northing | Elevation (m) | Azimuth | Dip | Total depth (m) |
K-22-208 | 661571 | 5435366 | 58 | 145 | 50 | 497 |
K-22-206 | 661593 | 5435331 | 54 | 155 | 60 | 422.11 |
K-22-204 | 666713 | 5443698 | 50 | 295 | 55 | 482 |
K-22-203 | 660958 | 5432372 | 40 | 108 | 45 | 520.38 |
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.
The post Labrador Gold (TSXV:LAB) Announces Results From Appleton Fault Zone, Intersects 20.88 g/t Au Over 5 Metres at Big Vein appeared first on MiningFeeds.
Dolly Varden consolidates Big Bulk copper-gold porphyry by acquiring southern-portion claims – Richard Mills
2023.12.22
Dolly Varden Silver’s (TSXV:DV, OTCQX:DOLLF) stock price shot up 16 cents for a gain of 20% Thursday, after announcing a consolidation of…
GoldTalks: Going big on ASX-listed gold stocks
Aussie investors are spoiled for choice when it comes to listed goldies, says Kyle Rodda. Here are 3 blue chips … Read More
The post GoldTalks: Going…
Gold Digger: ‘Assured growth’ – central bank buying spree set to drive gold higher in 2024
Central banks will drive the price of gold higher in 2024, believe various analysts Spot gold prices seem stable to … Read More
The post Gold Digger:…