District Scale Exploration in Labrador

Targeting the Under-Explored Gold Potential of Labrador

Sponsored
Labrador Gold Corp. Profile

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LAB:TSX-V

Labrador Gold: District Scale Discovery Potential

  • Large under-explored properties, including the major portion of two greenstone belts
  • Potential for discovery of new gold district(s)
  • Experienced exploration success in finding gold deposits (>17 million oz)
  • First mover advantage
  • Results of aggressive initial exploration programs already indicate district scale gold targets
  • First stage drilling on selected targets in 2019
  • Politically stable jurisdiction supportive of mineral exploration

Ashuanipi

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