Drilled on the Massive vein, Ok-21-17 has prolonged the high-grade, near-surface mineralisation about 40 metres alongside strike. The mineralisation stays open to the northeast and southwest.
The Massive vein lies inside a bigger northeast-southwest trending quartz vein hall that stretches for over 7.5 km with potential for enlargement alongside the Appleton Fault zone in each instructions, the corporate says.
Labrador Gold just lately elevated the drill program at Kingsway from 20,000 metres to 50,000 metres. Whereas drilling thus far has solely examined Massive vein over about 100 metres of strike size of the 400-metre floor publicity, and to a vertical depth of fifty metres, it has already intersected seen gold in 4 drill holes that minimize high-grade intercepts and extensive areas of gold mineralisation.
So far, roughly 4,000 metres of drilling has been accomplished at Massive Vein.
The corporate plans to double the variety of drill rigs to 4 and “will enable us to aggressively check Massive Vein in addition to to comply with up targets growing alongside the quartz vein hall,” Roger Moss, Labrador Gold’s CEO, said in a press launch.
Kingsway consists of 264 claims in three licenses masking roughly 77 sq. kilometres.
Labrador Gold has an choice to earn 100% of the three licences, topic to money, share funds, work dedication, and a 1% web smelter return royalty on the Kingsway North and South Licenses.
(This text first appeared in The Northern Miner)