Labrador Gold Corp. (TSX.V: LAB) has reported results from recent drilling targeting the prospective Appleton Fault Zone at Labrador Gold’s Kingsway Project. The drilling forms part of the company’s 100,000-meter diamond drilling program. Drilling at Kingsway has revealed gold grades of 8.60 g/t Au over 4.41 m from 326.89 m of 326.89 m that included 53.52 g/t Au over 0.31 m in Hole K-22-211 with visible gold, 1.31 g/t Au over 7 m from 270 m including 8.49 g/t Au over 0.91 m in Hole K-22-207 from Big Vein Southwest, and Hole K-22-202, drilled at the northeast end of Big Vein, intersected 5.68 g/t Au over 2.65 m from 189.7 m including 18.27 g/t Au over 0.78 m. An additional mineralized zone was discovered 40 m southwest of Hole K-22-174 by Hole K-22-211, which intersected 284.1 g/t Au over 0.58 m and 15.05 g/t Au over 1.11 m.
The Corporation is adequately financed to complete the 39,000 meters of drilling remaining in the 100,000-meter program and additional research to expand the pipeline of drill targets on the property. 61,404 meters have been drilled out of the planned 100,000 meters to date. Assays are pending on samples from 11.4% of the total length (4,263 meters).