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Metals & Mining

Labrador Gold Corp

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Growing in Size and Mineral Potential 
 
Labrador Gold released results from five holes targeting the Appleton Fault over a 12-kilometer strike length. Recent drilling results are summarized in Figure 1. Step out drilling to the northeast and southwest continue to intersect gold mineralization at Big Vein which has now been extended to 722 meters in strike length and remains open in both directions. Hole K-23-216 intersected 3.69 grams of gold per tonne over 2.97 meters from 389.41 meters including 12.05 grams of gold per tonne over 0.59 meters, while Hole K-23-218 returned 1.95 grams of gold per tonne over 9 meters including 8.97 grams of gold per tonne over 1.6 meters.&nbsp;Hole K-23-225, a 100-meter step-out to the northeast intersected 1 gram of gold per tonne over 10.1 meters from 46.9 meters, that included an interval of 2.28 grams of gold per tonne over 2.26 meters containing visible gold.&nbsp;
Figure 1: Summary of Assay Results
<img decoding="async" src="https://www.noblelinx.com/x/research/images/reports/NKOSF-April202023.JPG" style="width: 525px;height: 454px;float: none" />
Source: Labrador Gold Corp.
Discovery of the Greenmantle Zone
Hole K-22-214B returned 5.22 grams of gold per tonne over 2.80 meters from 418.6 meters that included 22.02 grams of gold per tonne over 0.4 meters, along with 8.62 grams of gold per tonne over 0.7 meters from 496 meters. Both it and Hole K-22-214 are associated with a new mineralized zone, the Greenmantle Zone, that lies below the HTC Zone at a vertical depth of 415 meters. The discovery of the Greenmantle zone demonstrates the potential for continued mineralization at depth.&#8212;&#8212;&#8212;- page break &#8212;&#8212;&#8212;-
Figure 2: Summary of Significant Intersections at Big Vein
<img decoding="async" src="https://www.noblelinx.com/x/research/images/reports/NKOSF-April202023b.JPG" style="width: 525px;height: 836px;float: none" />
Source: Labrador Gold Corp.
A New Geological Interpretation 
 
Recent three-dimensional modeling has provided a better understanding of what controls the mineralization at Big Vein. For example, gold mineralization appears closely associated with green shale versus sandstone and a reinterpretation of the geological model reveals that the HTC zone could extend to the southwest.&nbsp;Previously, management believed the Fault ran to the east of Big Vein. A new interpretation is that the Appleton Fault runs through Big Vein and offset the two faults highlighted in Figure 3.
Figure 3: Big Vein Geological Structure
 <img decoding="async" src="https://www.noblelinx.com/x/research/images/reports/Geo.JPG" />
Source: Labrador Gold Corp. and Noble Capital Markets
In other words, if the Appleton Fault pushed the Black Shale Fault S down, the HTC zone could extend to the southwest offering new drill targets and the opportunity for a rich mineralized zone in the area underneath the intersection of the Appleton Fault and the Black Shale Fault South where we have located a blue circle. If the Black Shale faults had not been offset, one could visualize the HTC as one continuous zone under the Black Shale Fault.&nbsp;

Labrador Gold Corp (NKOSF)

Growing in Size and Mineral Potential

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