Highlights include 1.11 g/t Au over 5.50 metres, 5.0 g/t Au over 0.9 metres, 2.26 g/t Au over 7.0 metres including 8.66 g/t Au over 1 metre in Hole K-21-01 and 1.72 g/t Au over 3.0 metres in Hole K-21-02.
We interpret this gold mineralization, along with significant levels of antimony and arsenic detected by pXRF, to be a halo to a potentially higher-grade zone,” said Roger Moss, President and CEO of Labrador Gold.
HTC also displays more sulphide than Big Vein including fine grained arsenopyrite, pyrite and Sb-Pb-bearing sulphide along vein margins and as strong disseminations in the surrounding shales.
The visible gold is typically hosted in annealed and vuggy gray quartz, that is locally stylolitic with vugs often containing euhedral quartz infilling features characteristic of epizonal gold deposits.
The company submits blanks and certified reference standards at a rate of approximately 5% of the total samples in each batch.
. 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.
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.
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.
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.