Labrador Gold Provides Update on Exploration at the Hopedale and Borden Lake Extension Gold Projects

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

• No obvious mineralization was encountered during the BLE bedrock sampling program

  80% confidence

• The high chargeability of this unit may be masking the chargeability of the gold mineralized trends to some extent

  80% confidence

• The Hopedale property covers much of the Archean-age Florence Lake greenstone belt that stretches over 60 km and is prospective for orogenic gold, volcanogenic massive sulphide (VMS) and magmatic copper-nickel deposits

  80% confidence

• The results of the 2025 exploration program will be integrated with previous work over the course of the winter to determine follow up work for the 2026 season

  80% confidence

• Labrador Gold continues to actively evaluate opportunities within the resource space with a particular focus on Canada

  80% confidence

• The aim of the drone magnetic and LiDAR survey was to better define the contact between felsic gneisses to the south, and mafic gneiss and amphibolite units to the north which are interpreted to be part of the Borden Mine sequence stratigraphy

  80% confidence

• The high chargeability anomaly on the eastern side of the IP grid is believed to be formational and related to disseminated pyrite in metasedimentary rocks

  80% confidence

• The IP survey defined a trend of moderate chargeability coincident with high resistivity that links the significant gold occurrences

  80% confidence

• Since launching project acquisition initiative, LabGold team has reviewed 29 resource projects and another 22 pre-resource projects have been assessed for their potential to host a significant resource

  80% confidence

• The Company identified several projects for extensive due diligence as part of its growth strategy

  80% confidence

• The Borden Lake Extension property occurs in the Kapuskasing Structural Zone and is contiguous with Discovery's Borden Gold Mine property

  80% confidence

• The Company will await assay results before deciding on next steps for the BLE project

  80% confidence