Labrador Gold Corp. has received approval for mineral exploration on the Kingsway Property from the Department of Natural Resources, Newfoundland and Labrador. Receipt of the approval, which is good through July 22, 2021, means the company can now begin mobilizing field crews to Gander to kickstart its summer exploration program.
LabGold has planned a systematic exploration program that leverages its geochemical database to rapidly follow up known anomalies and generate drill targets. The results of the surveys, together with detailed geological mapping will be used to plan a first phase drill program currently scheduled for the fall.
“We are excited to get the go ahead to carry out our proposed program at Kingsway,” President and CEO Roger Moss said. “Due to our database and our research over the last four months, we have a very good idea of where to focus our efforts to maximum effect to aggressively advance the Kingsway property to the drill stage. We anticipate an exciting field season exploring for Fosterville style gold mineralization in the Gander gold district.”
Exploration to date in the Gander district has shown the effectiveness of soil sampling to detect gold mineralization. Most of the known gold occurrences were discovered by following up gold in soil anomalies.