Prospecting Yields a New Target

Drilling Yields High-Grade Intercepts at Pristine

Extending A Winning Record; Company Webinar Planned for June 27

Drilling To Resume Next Week

Mark Reichman

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Basic Materials

Metals & Mining

Labrador Gold Corp

High Expectations for 2023 
 
Exploration and drilling at the companyâ€™s 100%-owned Kingsway gold project is targeting the Appleton Fault over a 12-kilometer strike length. With approximately $17 million in cash, Labrador Gold has ample financial resources to fund the remaining 34,000 meters of drilling of the company&#8217;s planned 100,000-meter drill program.&nbsp; 
 
Labrador Goldâ€™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 Goldâ€™s primary exploration target. Drilling will continue this year at the Big Vein target and further drilling will be undertaken at the Midway and Pristine targets. Labrador Gold currently has two drill rigs deployed at the Big Vein target. The company expects to add a third rig to drill northeast of the Pristine target which could later move to the Midway target, and a fourth rig to drill in an area (â€œThe Gapâ€) between Big Vein and Pristine. Based on the number of prospective targets, we think it is quite possible that a fifth rig could be added at some point during the year.&nbsp;
2023 Exploration Plan&nbsp;
<img decoding="async" src="https://www.noblelinx.com/x/research/images/reports/NKOSF-2-22-2023.JPG" style="width: 500px;height: 516px;float: none" /> 
 
Source: Labrador Gold Corp.
The Big Vein target has been drilled over a strike length of approximately 520 meters along the west side of the Appleton Fault Zone and remains open to the northeast and southwest. Drilling outcomes have been favorable at both ends of the Big Vein target, while a high-grade zone containing visible gold at Big Vein Southwest continues to demonstrate expansion potential. Drilling continues at both ends of the zone to extend the strike length of the mineralization. 
 
We anticipate a productive year in 2023 with significant potential for new discoveries. With only about two kilometers of the 12-kilometer strike length of the Appleton Fault Zone tested by drilling, we think additional discoveries will be made as the remaining ten kilometers are drill tested. In addition to drilling, mapping, prospecting, and geochemistry will be undertaken to continue to assess the full potential of the Kingsway property.

Labrador Gold Corp (NKOSF)

High Expectations for 2023

Fundamental Analysis:

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Prospecting Yields a New Target (NKOSF)

Drilling Yields High-Grade Intercepts at Pristine (NKOSF)

Extending A Winning Record; Company Webinar Planned for June 27 (NKOSF)

Drilling To Resume Next Week (NKOSF)

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