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Labrador Gold Intercepts 50.38 g/t Over 1.85 Metres Including 160.42 g/t Over 0.55 Metres at Big Vein, Kingsway Project, Newfoundland
TORONTO, June 22, 2021 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce another high-grade intercept of near surface gold mineralization from its Kingsway project near Gander, Newfoundland. The Kingsway project is located in the highly prospective central Newfoundland gold belt.
The high-grade intersection is from hole K-21-17 that contains fine particles of visible gold in quartz vein. The hole intersected 50.38 g/t Au over 1.85 metres including 160.42 g/t over 0.55 metres. The quartz vein containing the visible gold is typically vuggy and locally contains stylolites and is similar to quartz veins containing high grade gold intersections of 20.6 g/t Au over 3.6 metres including 103.36 g/t over 0.3 metres and 10.48 g/t Au over 2.4 metres reported previously (see news release dated June 3, 2021). The intersection in hole K-21-17 represents a 30 metre step out to the northeast from the previous intercepts and extends the high-grade mineralization to approximately 40 metres along strike. The mineralization remains open in both directions. A summary of the high-grade intersection, as well as other assays received to date, are given in Table 1 below