Labrador Gold Corp. (NKOSF) – Keeping the Momentum Going

Natural Resources
0 min read

Thursday, January 12, 2023

Mark Reichman, Senior Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Beginning the year in a position of strength. In 2022, exploration at the company’s 100%-owned Kingsway gold project targeted the Appleton Fault over a 12-kilometer strike length. A total of 62,504 meters of the planned 100,000-meter program have been drilled to date, with roughly 36,000 meters of drilling completed in 2022. With approximately $18 million in cash, Labrador Gold has ample financial resources to fund the remaining 37,496 meters of drilling. Assays are pending for samples from 3,903 meters of core, or approximately 10% of the total submitted.

Appleton Fault is proving to be fertile ground. Labrador Gold’s exploration program resulted in the discovery of four new gold occurrences. Three of these, Golden Glove, Big Vein and Pristine, are located along the Appleton Fault Zone which continues to be Labrador Gold’s primary exploration target. With only about two kilometers of the 12-kilometer strike length of the Appleton Fault Zone tested by drilling, management is confident additional discoveries will be made as the remaining ten kilometers are drill tested.

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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 


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