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Labrador Gold Corp. (LAB.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.4400-0.0150 (-3.30%)
As of 9:30AM EST. Market open.
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Previous Close0.4550
Open0.4400
Bid0.4500 x 0
Ask0.4700 x 0
Day's Range0.4400 - 0.4400
52 Week Range0.1000 - 0.6300
Volume500
Avg. Volume584,684
Market Cap48.614M
Beta (5Y Monthly)1.66
PE Ratio (TTM)N/A
EPS (TTM)-0.0040
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Labrador Gold Announces Assays From Area Around Visible Gold Discovery at Kingsway
    GlobeNewswire

    Labrador Gold Announces Assays From Area Around Visible Gold Discovery at Kingsway

    Figure 1 Geology map in the vicinity of Big Vein showing location of rock samples, soil samples and visible gold occurrences. Figure 2 Portion of Sample 526089 that assayed 1,065.4 g/t Au showing visible gold grains.Highlights * Assays up to 1,065g/t Au * Sixteen of 70 samples assayed greater than 1g/t Au and 39 samples assayed greater than 0.1g/t Au * Quartz vein now defined over a strike length of 400m within a larger corridor of intermittently exposed quartz veining over 7.1km to the northeast and southwest TORONTO, Dec. 03, 2020 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce the results of initial sampling from the area of visible gold in quartz vein at its Kingsway Project near Gander, Newfoundland. The Kingsway project is located within the highly prospective Gander Gold District.Assays from 70 grab samples taken over a 175 metre strike length of quartz vein (“Big Vein”) northeast and southwest of the visible gold samples (see news release dated November 9, 2020) range from below detection (<5ppb) to 1,065g/t Au in sample 526089 containing visible gold. In addition, 16 samples assayed over 1g/t Au and 39 samples assayed over 0.1g/t Au. Highlights of the results are given below.Sample ID Sample Medium Sample Type Au (g/t) 526089SubcropGrab*1,065.4 526073OutcropGrab16.1 526077OutcropGrab7.2 526090Angular FloatGrab5.4 526084SubcropGrab5.4 526111SubcropGrab5.3 526097Angular FloatGrab4.9 526113SubcropGrab3.8 1834193OutcropGrab3.2 526096Angular FloatGrab2.2 526075SubcropGrab2.1 526081OutcropGrab1.8 526076OutcropGrab1.7 1834191OutcropGrab1.6 526112SubcropGrab1.3 526114SubcropGrab1.3 *Note that grab samples are select samples and are not necessarily representative of gold mineralization found on the property.Prospecting and mapping have now expanded the northeast-southwest strike of Big Vein over approximately 400 metres. This vein lies within a larger corridor of intermittently exposed quartz veining over a strike length of 7.1km. Detailed mapping in the vicinity of Big Vein indicates it is hosted by dark grey-black shales of the Davidsville Group, a stratigraphic horizon which hosts several gold occurrences in central Newfoundland.While blow-outs of the quartz vein up to nine-metres-wide are seen sporadically along strike, contacts between the veins and host rock are not exposed sufficiently to determine the true thickness of the veins. Prospecting, mapping and sampling continues along this vein corridor to further define the nature and extent of this mineralized system.“Initial assay results from the visible gold samples and the surrounding area indicate the presence of very high-grade gold at Kingsway,” said Roger Moss, President and CEO of Labrador Gold. “The strike length of the vein hosting the gold mineralization continues to grow as does the corridor of veining along strike of the mineralization. This is turning into a key target for drilling early in the new year.” “The discovery of shallow, high-grade, coarse visible gold in a recently uncovered veining corridor is a very exciting and significant milestone. Revealing a new gold occurrence after only months of acquiring the project is a strong testament to our exploration strategy and the potential of the Kingsway property. As we continue to advance this target to a drill ready stage our team continues to aggressively explore the remainder of the highly prospective property,” added Matthieu Lapointe, VP Exploration of Labrador Gold. Samples were shipped to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples were analyzed for gold by whole sample metallic screen/fire assay or by standard 30g fire assay with ICP (inductively coupled plasma) finish. The company submits blanks, field duplicates and certified reference standards at a rate of approximately 5% of the total samples in each batch. Roger Moss, PhD., P.Geo., President and CEO of LabGold, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release.The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.About Labrador Gold Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.In early March 2020, Labrador Gold acquired the option to earn a 100% interest in the Kingsway project in the Gander area of Newfoundland. The property is along strike to the northeast of New Found Gold’s discovery of 92.86 g/t Au over 19.0 metres on their Queensway property. (Note that mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). In early July 2020, the Company signed an option agreement to acquire a third license to add to the property package which now covers approximately 77 km2. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water.The Hopedale gold property covers much of the Florence Lake greenstone belt that stretches over 60 km. The belt is typical of greenstone belts around the world but has been underexplored by comparison. Initial work by Labrador Gold has identified a 3 kilometre mineralized section of the northern portion of the belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold.The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the exploration to date show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend.The Company has 110,487,104 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.For more information please contact:Roger Moss, President and CEO      Tel: 416-704-8291Or visit our website at: www.labradorgold.comTwitter: @LabGoldCorpNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking Statements: This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.Photos accompanying this press release are available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/b7884d71-56d3-41a1-81c9-44d3ca0163cdhttps://www.globenewswire.com/NewsRoom/AttachmentNg/a16f72bd-ca72-4a6b-ae65-9b46172ae374

  • Labrador Gold Raises $2.94 Million from Exercise of Share Purchase Warrants
    GlobeNewswire

    Labrador Gold Raises $2.94 Million from Exercise of Share Purchase Warrants

    Fully funded for an aggressive exploration program at Kingsway through 2021TORONTO, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX-V: LAB) (“LabGold” or the “Company”) is pleased to announce that it has raised $2.94 million from the exercise of share purchase warrants (the “warrants”) with a strike price of $0.30 and $0.35. The warrant exercise increases the Company’s cash position to $12.37 million. “These additional funds allow us to advance our growth strategy by continuing to aggressively explore our Kingsway Project. We are now fully funded for our anticipated 2021 exploration program,” said Roger Moss, President and CEO. “We look forward to a significant diamond drill program early in the new year on the quartz vein containing visible gold, exploring it along strike to the northeast and southwest, following up on the excellent work completed by our LabGold team to date.”The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.About Labrador Gold:Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.In early March 2020, Labrador Gold acquired the option to earn a 100% interest in the Kingsway project in the Gander area of Newfoundland. The property is along strike to the northeast of New Found Gold’s discovery of 92.86 g/t Au over 19.0 metres on their Queensway property. (Note that mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). In early July 2020, the Company signed an option agreement to acquire a third license to add to the property package which now covers approximately 77 km2. The three licenses comprising the Kingsway project cover approximately 16km of the Appleton fault zone which is associated with gold occurrences in the region, including the New Found Gold discovery. Historical work over the area covered by the Kingsway licenses shows evidence of gold in till, vegetation, soil, stream sediments, lake sediments and float. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water.The Hopedale property covers much of the Hunt River and Florence Lake greenstone belts that stretch over 80 km. The belts are typical of greenstone belts around the world but have been underexplored by comparison. Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 57km strike length of the Florence Lake Greenstone Belt.The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the 2017 reconnaissance exploration program following up the lake sediment anomalies show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale (see news release dated January 18th 2018). This suggests a possible structural control on the localization of the gold anomalies. Historical work 30 km north on the Quebec side led to gold intersections of up to 2.23 grams per tonne (g/t) Au over 19.55 metres (not true width) (Source: IOS Services Geoscientifiques, 2012, Exploration and geological reconnaissance work in the Goodwood River Area, Sheffor Project, Summer Field Season 2011). Gold in both areas appears to be associated with similar rock types.Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.The Company has 110,487,104 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.For more information please contact:             Roger Moss, President and CEO      Tel: 416-704-8291Or visit our website at: www.labradorgold.comTwitter @LabGoldCorpNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking Statements: This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

  • Labrador Gold Announces High Grade Gold in Soil Samples at Kingsway Property
    GlobeNewswire

    Labrador Gold Announces High Grade Gold in Soil Samples at Kingsway Property

    Figure 1 Location of gold in soil anomalies from recent results with respect to visible gold in the quartz vein.Highlights * Four samples located 100 to 300m along strike of visible gold samples assayed greater than 1,000 ppb Au * Highest gold value was 9,946ppb * 19 samples assayed greater than 100ppb Au * Gold in soil anomaly extends over 500m and remains open to the southwestTORONTO, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce further results of the recently completed soil sampling survey at its 77km2 Kingsway Project near Gander, Newfoundland. The Kingsway project is located within the highly prospective Gander Gold Belt. Soil sampling has now been completed with 7,740 soil samples collected over 16 grids. Results for 432 samples in the area of the quartz vein containing visible gold (see news release dated November 9, 2020) on the Kingsway South license are reported here.Gold values in the soils range from below detection (<0.5ppb) to 9,946ppb (9.9g/t Au) with three other samples assaying greater than 1,000ppb (1g/t Au) and 19 samples assaying greater than 100ppb (0.1g/t Au). The four highest gold values occur between 100 and 300 metres to the southwest of the visible gold locations and suggest the potential for additional gold mineralization in this area.The overall anomaly extends over 500 metres to the southwest of the visible gold sample locations and extends the strike of potential quartz vein related gold mineralization in this area to 600 metres. The anomaly remains open and further soil sampling is being undertaken to follow this trend to the southwest.To the northeast, an interpreted splay off the Appleton fault zone appears to displace the gold in soil anomaly approximately 350 metres to the northwest. The anomaly continues for an additional 950 metres to the northeast along another interpreted structure trending subparallel to the Appleton fault zone.“The gold in soil anomalies clearly define the trend of the mineralized vein southwest of the visible gold samples demonstrating the effectiveness of such sampling,” said Roger Moss, President and CEO of LabGold. “We will continue tracking this anomaly to the southwest with more soil sampling and prospect along the trend in both directions to identify further sites of gold mineralization.”Shawn Ryan, Technical Advisor added “Finally we see the results of a quality deep soil sampling program over the Kingsway Project, something I expected from my 2015 soil research program. While soil sampling is not new, taking great care in gathering a sample was not the norm. Now, with low assay detection limits, taking thousands of quality samples one can start to see mineralized trends and patterns even as low as 10- 20 ppb Au. So the results described here are exceptional. LabGold’s aggressive soil sampling program covering 16 Grids gives the company a good probability of finding new mineralized structures. I look forward to seeing the final results of the completed surveys.”A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/24f3c97b-ca6d-4705-8bf1-ffc9d3d647b1Samples were shipped to Eastern Analytical Laboratory in Springdale, Newfoundland, for sample preparation, with analyses completed at the Vancouver laboratory of Bureau Veritas. Samples were analyzed for gold and another 36 elements by ICP-ES/MS (inductively coupled plasma-emission/mass spectrometry) following an aqua regia digestion. The company submitted blanks, field duplicates and certified reference standards with batches of samples to monitor the quality of the analyses. Roger Moss, PhD., P.Geo., President and CEO of LabGold, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release.The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.About Labrador Gold Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.In early March 2020, Labrador Gold acquired the option to earn a 100% interest in the Kingsway project in the Gander area of Newfoundland. The property is along strike to the northeast of New Found Gold’s discovery of 92.86 g/t Au over 19.0 metres on their Queensway property. (Note that mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). In early July 2020, the Company signed an option agreement to acquire a third license to add to the property package which now covers approximately 77 km2. The three licenses comprising the Kingsway project cover approximately 22km of the Appleton and Dog Bay Line faults which is associated with gold occurrences in the region, including the New Found Gold discovery. Historical work over the area covered by the Kingsway licenses shows evidence of gold in till, vegetation, soil, stream sediments, lake sediments and float. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water.The Hopedale property covers much of the Hunt River and Florence Lake greenstone belts that stretch over 80 km. The belts are typical of greenstone belts around the world but have been underexplored by comparison. Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 57km strike length of the Florence Lake Greenstone Belt.The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the 2017 reconnaissance exploration program following up the lake sediment anomalies show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale (see news release dated January 18th 2018). This suggests a possible structural control on the localization of the gold anomalies.The Company has 101,674,175 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.For more information please contact:Roger Moss, President and CEO      Tel: 416-704-8291 Or visit our website at: www.labradorgold.comTwitter: @LabGoldCorpNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking Statements: This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.