Vancouver-based Labrador Gold Corp acquires, develops and explores mineral properties in Eastern Canada.
The mineral exploration firm operates through a portfolio of three significant project, including the Kingsway Gold Project.
It is situated northwest of Gander in Newfoundland. The project consists of 264 claims in three licenses totaling 77 square kilometers.
The project consists of good infrastructure near Trans-Canada Highway with access to power and water.
Labrador may completely acquire ownership of three licenses and a one per cent royalty on N and S licenses. The company explores Ashuanipi Project, Hopedale property and Borden Lake Extension.
It further says two distinct gold mineralization structure have been identified at the property.
The mining firm says that development and exploration at Kingsway includes targeting epizonal gold deposits, which are associated with regional-scale structures in Davidsville Group’s Ordovician sedimentary rocks.
The first mineralization is connected with quartz veins organized by gabbro, as demonstrated by the Cracker show (founded in 2001).
The second style shows quartz veins hosted by shales of the Davidsville Group. Labrador Gold founded the mineralization as part of its 2020 exploration program.
The company under an exploration program discovered visible gold in quartz veins (Big Vein) at Kingsway.
It is located approximately 35 kilometers southwest of Quebec, Canada, near Schefferville town.
It hosts 1,564 claims in ten claim blocks in a total area of 391 square kilometers. Schefferville is an old mining town that consists of an airport connecting to Quebec.
The company can acquire 100 per cent interest and a two net smelter return (NSR) royalty on this project.
It is located in the Florence Lake greenstone belt near Hopedale and consists of 998 claims that represents five licenses in 249 square kilometer of land.
The Hopedale property comprises the Florence Lake greenstone belt (FLGB) which is spread out in a 60 kilometers area. The FLGB adjoins Ugjoktok Bay in the north region.
Borden Lake Extension
It is located approximately 16 kilometers east of Chapleau town in Ontario and southeast of Newmont GoldCorp’s Borden Gold mine. Labrador Gold wholly owns the project that hosts 219 claims.
It also represents metasedimentary rocks, metaconglomerate and metavolcanic rocks.