Labrador Gold Corp. (NKOSF)
Sampling Program at Golden Glove Yields High-Grade Results
Mark Reichman, Senior Research Analyst, Natural Resources, Noble Capital Markets, Inc.
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High-grade samples taken at Golden Glove. The company released assays from six samples taken from quartz veins containing visible gold collected during prospecting in the Golden Glove area of the company’s flagship Kingsway project. Sampling will help generate and upgrade targets for drilling along the 12-kilometer strike length of the Appleton Fault. Assays of the six samples ranged from 7.51 grams of gold per tonne to 479.51 grams of gold per tonne with the four highest grade samples containing visible gold. The results are comparable to assays from initial samples taken at Golden Glove that ranged from 2.99 grams of gold per tonne to 338.08 grams of gold per tonne.
Reaching the half-way point. Labrador Gold has four drill rigs operating, including two at the Big Vein target, one rig at the Golden Glove target, and one at the CSAMT target. To date, the company has completed roughly 50,000 meters of its 100,000-meter drilling program targeting the Appleton Fault Zone over a 12-kilometer strike length. While Big Vein lies on the west side of the fault, Golden Glove and CSAMT are on the east side of the fault….
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