Oct 20 2020
Labrador Gold Corp. reports that drilling has commenced at its Kingsway Project located near Gander Newfoundland.
Kingsway Project Drilling Locations. Image Credit: Labrador Gold Corp.
The project is situated inside the highly prospective Gander Gold District along the direction to the northeast of New Found Gold Corp.’s gold discovery that was announced earlier in 2020.
Drilling has begun in the region near the Cracker showing, where up to five drill holes have been scheduled. The target of the holes is VLF-EM conductors related to a modified mineralized gabbro as well as anomalous gold present in soil samples.
Historical findings from the Cracker showing consist of grab samples from trenching varying from 1.8 g/t Au to 61.73 g/t Au and channel samples varying from <5 ppb to 1.89 g/t Au.
Then, drilling will advance about 2 km southeast to examine coincident gold present in the soil as well as Mag-VLF-EM targets along two interpreted secondary structures trending northeast and north-northeast.
Gold concentrations present in the soil samples vary from below detection up to 281 ppb (0.281 g/t), where six samples assayed over 100 ppb Au (>0.1g/t Au). The higher concentrations are linked to the two structures.
The third drilling area is situated 2.6 km further to the southeast close to the Appleton #2 showing adjacent to the intersection of a northwest-trending structure with the north-northeast structure targeted in Area 2. Gold present in soil anomalies varies from below detection up to 686 ppb (0.67 g/t Au) and is linked to a robust northeast-trending conductor.
The last two areas for drilling are situated further to the northeast around 4.8 and 7 km northeast of the Cracker occurrence. The first area is located in a region of complex structure that is being explored through the CSAMT Survey at present.
Gold in soil samples varies from below detection up to 547 ppb Au. An individual historical till sample in the area assayed 1,093 ppb Au (1.09 g/t) and included 60 gold grains. This area will be drilled once the results of the CSAMT survey are received.
The last area encompasses an intersected north-northeast trending splay of the Appleton Fault Zone. Gold in soil samples ranges from below detection to 1,618 ppb (1.62 g/t Au).
The start of drilling on the Kingsway Project is a major milestone that we have 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.
Roger Moss, President and CEO, Labrador Gold Corp.