Labrador Gold’s shares gain on best grades cut at Kingsway to date
The Toronto-quoted equity of Labrador Gold (TSXV: LAB; US-OTCQX: NKOSF) closed 4% higher on Thursday after reporting the highest-grade intercepts from the flagship Kingsway project in Canada’s Newfoundland province to date.
The company reports that hole K-22-174 intersected 284.1 grams per tonne of gold over 0.58 metres from 309.47 metres depth, and 15.05 grams per tonne over 1.11 metres from 310.71 metres depth.
The hole is the furthest hole drilled to the southwest at Big Vein and represents a 120-metre step-out from previously reported mineralization at Big Vein.
Mineralization at Big Vein remains open along strike to the southwest and northeast.
Drilling also intersected high-grade mineralization at Golden Glove, grading 20.07 grams per tonne gold over 1 metre from 355 metres downhole, and a longer 13.2-metre near-surface interval at Midway grading 2.2 grams per tonne gold that included 5.23 grams per tonne over 4 metres.
President and CEO Roger Moss said that the highest grade intercept comes from the furthest hole drilled to the southwest at Big Vein. This suggests the excellent potential for further high-grade mineralization as the program continues to the southwest.
More News
US excludes steel, aluminum, gold from reciprocal tariffs
The White House said steel and aluminum imports won’t be subject to reciprocal tariffs in a move that will provide at least some relief to domestic buyers already incurring 25% duties.
April 02, 2025 | 05:04 pm
Dirtiest US coal-fired power plant applies for EPA exemption
The Colstrip plant, located in eastern Montana, has the highest emission rate of fine particulate matter out of any coal-burning plant in the nation.
April 02, 2025 | 02:55 pm
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments