New Risk • Mar 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.6m (US$9.90m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 49% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.6m market cap, or US$9.90m). Board Change • Mar 12
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Kevin Ramsay was the last independent director to join the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Feb 18
Coloured Ties Capital Provides Information to Shareholders of Labrador Gold On February 18, 2026, Coloured Ties Capital Inc. announced that it commit to paying shareholders a $0.02 dividend, if successful and will declare it within 7 days of the shareholder meeting, and stated that it would be far better to return some capital to shareholders than to continue to gamble it away on these poorly considered investments in other Companies’ projects, and Coloured Ties believes that returning some capital to shareholders is the right thing to do and it would still leave enough capital in the treasury to pursue prudent brownfield opportunities. In addition, Coloured Ties stated that allowing the current treasury destruction path and voting for the continuation of the current management will likely result in a much-depleted treasury, a grass roots project portfolio and a return to the pre-Coloured Ties common share valuation, or much less. Announcement • Feb 14
Coloured Ties views Labrador Gold's choice of Nemo Project as Value Destructive On February 13, 2026, Coloured Ties Capital expressed its views in connection with the Company's Board, labelling the Company’s recent choice of the Nemo Project as value destructive. In addition, Coloured Ties Capital highlighted a growing shareholder support for a shift away from what they termed a Board-Lead Blunder-Fest, emphasizing that credible leadership is essential for identifying quality investment opportunities, which the current Board has failed to do. Coloured Ties criticized the announced joint venture with Nemo Resources, arguing that it represents a recipe for treasury destruction and is unsuitable for a junior mining company. Further, Coloured Ties Capital pointed out that the Board's inability to source and evaluate projects has led to a reliance on outdated strategies, particularly in the context of the current commodities cycle, which favours brownfield exploration over long-term, high-risk ventures. Furthermore, Coloured Ties Capital urged shareholders to disregard the Board's distractions and focus on the facts, asserting that the Board is responsible for significant value destruction and strategic blunders. Coloured Ties called for a vote against the current leadership, advocating for the meaningful change and restore Company to a respected exploration and development company. Announcement • Feb 11
Kal Malhi and Coloured Ties Capital Inc. Commence Defamation Claim Against Labrador Gold Corp., James R. Borland, Leonidas Karabelas, Roger Moss and Trevor Boyd Coloured Ties Capital Inc. is one of the largest shareholders of Labrador Gold Corp. (TSXV: LAB) (OTCQB: NKOSF) (FSE: 2N6) ("Labrador" or the "Company"). Coloured Ties together with Kulwant (Kal) Malhi (the "Plaintiffs"), announce that they have commenced a defamation claim against Labrador, James R. Borland, Leonidas Karabelas, Roger Moss and Trevor Boyd (the "Defendants") with the Ontario Superior Court of Justice (the "Claim"). The Claim alleges that, among other things, on February 2, 2026 the Defendants caused to be published a letter to shareholders in the name of Labrador's board of directors and entitled "The Dissident's Motives Exposed: A Message From Your Board of Directors at Labrador Gold", together with its associated cover pages, graphics, and proxy messaging (collectively, the "Letter"). The Letter was disseminated as campaign material urging shareholders to vote management's proxy and to protect their Labrador investment from the Plaintiffs. The Claim alleges that Labrador knowingly published and disseminated false and defamatory statements accompanied by misleading and inflammatory imagery. Through its language, headings, imagery, and overall presentation, including the prominent headline "MALHICIOUS INTENT" and a depiction of Kal Malhi as a figure carrying away shareholder money from a vault, the Letter was designed to depict the Plaintiffs as thieves, dishonest, predatory, and a threat to shareholder property. The Defendants' use of misleading imagery and accompanying statements was reckless as to the truth and presented in a manner that is causing serious reputational harm to the Plaintiffs. In the Claim, the Plaintiffs seek, among other things, injunctive relief restraining the Defendants from further publishing or republishing the false, misleading and defamatory imagery and statements, and monetary damages for defamation from the Defendants including general, special, aggravated, and punitive damages, to be determined at trial. Announcement • Feb 07
Coloured Ties Provides Information to Shareholders of Labrador Gold On February 6, 2026, Coloured Ties Capital Inc., together with Kal Malhi and Rauni Malhi, announced that they strongly condemn recent statements by Labrador Gold Corp. suggesting that shareholder votes cast on its proxy card not be counted, calling the maneuver a blatant attempt to intimidate shareholders and undermine the integrity of the corporate governance process. In addition, Coloured Ties Capital stated that by raising spurious and misleading claims about the validity of its proxy, Company is attempting to sow confusion among investors and suppress lawful shareholder participation, and that these tactics are not about compliance or clarity but are about entrenchment. Further, Coloured Ties Capital believes that the Company's actions are an effort to distract from substantive issues and discourage independent thinking, and that rather than engaging on the merits of performance, strategy, and accountability, Company appears more focused on an authoritarian agenda of clinging to power at all costs. Furthermore, Coloured Ties Capital urged shareholders to stand up for their rights and vote only on its proxy for much needed change at the Company, stating that shareholders will defend their legal rights as shareholders and intend to take all action necessary to enforce the rights of all shareholders and uphold shareholder democracy should the company deny shareholder votes as threatened. Announcement • Dec 11
Labrador Gold Corp., Annual General Meeting, Feb 24, 2026 Labrador Gold Corp., Annual General Meeting, Feb 24, 2026. Announcement • Nov 07
Labrador Gold Corp. Provides Update on Exploration At the Hopedale and Borden Lake Extension Gold Projects Labrador Gold Corp. provided an update on its 2025 exploration programs at the Hopedale, Labrador and Borden Lake, Ontario gold projects. 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. The Borden Lake Extension property occurs in theapuskasing Structural Zone and is contiguous with Discovery's Borden Gold Mine property. The main focus of the 2025 exploration program was along the Thurber Gold trend. This three-kilometre trend, on the northernmost license, is defined by four significant gold occurrences (Thurber South, Thurber Dog, TD 500 and Thurber North) surrounded by anomalous gold in rock and soil samples that occur along the contact of intensely carbonate altered ultramafic volcanic rocks and altered felsic or mafic volcanic rocks. Mapping and sampling: Detailed mapping was carried out over the IP grid with the goal of refining contact relationships between the various lithological units and their relationship to gold mineralization. Other on the project, prospecting and mapping was carried out in the vicinity of known occurrences with the aim of extending known mineralization. Highlights from the prospecting included 2.2g/t Au in a grab sample at the Fire Ant occurrence near Rusty Ridge and nickel values of 0.25%, 0.23%, 0.22%, 0.21% and 0.15% at Last Resort in the south of the property. 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. Gold and copper potential of the Thurber license, showing the 3km long Thurber Gold Trend. Compilation map showing chargeability anomalies, magnetic highs and gold occurrences overlain on modeled resistivity at 150m depth. Location of gold, nickel, copper, and zinc occurrences on the Hopedale Property. Original results and QA/QC applied during the programs for samples shown here can be found in the following news releases: October 24, 2024: Labrador Gold announces results of summer field work at the Hopedale project including 32.32g/t Au at the north end of the 3km Thurber Gold Trend. February 7, 2024: Labrador Gold announces new discovery with assays of 106g/t Au and 20.4g/t Ag at Fire Ant Zone, Hopedale Project. January 19, 2023: Labrador Gold announces high grade gold and copper assays from Hopedale Project including 21.59g/t Au from TD500 and 10.2% Cu from Kaapak. November 22, 2019: Labrador Gold announces up to 8.26g/t gold in selected grab samples from new showing at Hopedale Project, Labrador. March 13, 2019: Labrador gold announces gold in rock samples from its Hopedale Project includes up to 11.4g/t Au in selected grab sample. Borden Lake Extension (BLE) In early October the company contracted Fladgate Exploration Consulting Corp. to complete a drone magnetic and LiDAR survey over the northern claims of the BLE property. The aim of the 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. Samples have been submitted to Agat Labs in Thunder Bay and results are pending. The magnetic survey identified a major east-northeast trending lineament in the central part of the survey area which is underlain by quartz-biotite gneiss in two locations. An increase in the magnetic intensity approximately 500m north of this lineament corresponds with outcrops of mafic gneissand amphibolite which is underlain by quartz -biotite gneiss which relates well with an Ontario Geological Survey interpreted north-dipping thrust fault in the area (OGS map P.3821). The company will await assay results from the company will await assay results. Announcement • Aug 14
Labrador Gold Corp., Annual General Meeting, Dec 02, 2025 Labrador Gold Corp., Annual General Meeting, Dec 02, 2025. New Risk • Jul 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 61% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$14.5m market cap, or US$10.5m). Announcement • Jun 19
Labrador Gold Corp. Begins 2025 Exploration At Hopedale Gold Project Labrador Gold Corp. announced that a field crew has mobilized to the Hopedale gold project in Labrador and that work has begun on the 2025 exploration program. The district scale Hopedale property covers a 43km strike length of the Archean-age Florence Lake greenstone belt which has characteristics typical of greenstone belts around the world but has been underexplored by comparison. Exploration on the property will focus along the Thurber Gold trend on the northern most license. This three-kilometre trend is defined by four significant gold occurrences surrounded by anomalous gold in rock and soil samples that occur along the contact of intensely carbonate altered ultramafic volcanic rocks and altered felsic or mafic volcanic rocks. Past sampling by LabGold along this trend has returned values of up to 32.3 g/t Au at Thurber North in grab samples. Channel sampling at TD500 returned values of up to 14.0 g/t Au over 0.61m, 7.2 g/t Au over 1.83m, 6.1g/t Au over 3.3m and 4.2 g/t Au Over 5.04m. The trend will be covered by a 33-line kilometre IP/Resistivity survey designed to detect chargeability anomalies due to pyrite and/or arsenopyrite mineralization associated with the gold and resistivity anomalies from alteration of the host rocks. Detailed mapping and prospecting will also be undertaken over the grid area and extended to the Thurber Boundary occurrence to the north. Prospecting and mapping will also be undertaken on the southern license in the Rusty Ridge area where gold was recently discovered at the Fire Ant occurrence, and copper - silver at the Stone Fly occurrence. At the Fire Ant occurrence, now traced over an area of 250m by 270m, initial sampling by LabGold in 2023 returned up to 106 g/t Au with 20.4g/t Ag, 3.7 g/t Au with 4.9 g/t Ag, and 2.9 g/t Au with 4.,7g/t Ag in grab samples. Follow up sampling in 2024 returned values of 9.35 g/t Au and 0.19g/t Au with 10.8g/t Ag. New Risk • Feb 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 53% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$11.9m market cap, or US$8.36m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Announcement • Feb 20
Labrador Gold Corp. Announces 2025 Exploration Programs for the 100% Owned Hopedale and Borden Lake Gold Projects Labrador Gold Corp. announced that the board of directors of the Company have approved 2025 exploration programs for the 100% owned Hopedale and Borden Lake gold projects. Hopedale: The district scale Hopedale property covers a 43km strike length of the Archean-age Florence Lake greenstone belt which has characteristics typical of greenstone belts around the world but has been underexplored by comparison. Recent exploration by LabGold has resulted in the identification of 11 significant mineral occurrences over the length of the property including five gold occurrences, three nickel occurrences, two copper-silver occurrences and a zinc-copper occurrence. The 2025 program will mainly focus on the Thurber gold trend, defined by four significant gold occurrences surrounded by anomalous gold in rock and soil samples stretching over a three-kilometre strike length. An induced polarization/resistivity survey is planned to cover the three kilometre trend in order to further refine drill targets for a first stage drill program. In addition, mapping and sampling will be undertaken particularly between Thurber North and Thurber boundary where work during 2024 indicates the potential to extend the Thurber gold trend a further 1.5 kilometres to the northern boundary. Elsewhere on the property, prospecting and mapping will be carried out over electromagnetic conductors identified during 2024 surveys at the Jasmine Zn-Cu occurrence and the Misery North Ni-Cu occurrence. Anomalous gold in lake sediment samples occurs along a structural lineament between the Fire Ant Au-Ag occurrence and the StoneFly Cu-Au-Ag occurrence three kilometres to the northeast that will also be prospected. Borden Lake: The Borden Lake project is located near Chapleau, Ontario and lies immediately adjacent to the Borden gold mine, part of the Porcupine Complex, currently being acquired by Discovery Silver Corp. from Newmont Corporation. LabGold’s past exploration on the property identified two anomalous zones, based on geochemistry, one in the north extending over 1.3km northwest-southeast and another in the south extending over 1km north-south. Results from an IP/resistivity survey over the anomalous areas showed a chargeability anomaly approximately 230 metres up ice of a 48 gold grain in till sample that is open to the northwest and to the southeast. In addition, a second chargeability anomaly was identified 800 metres up ice of the 48 gold grain sample and approximately 450 to 600 metres up ice of a cluster of samples containing from three to seven gold grains. Exploration during 2025 will focus on prospecting and a biogeochemical survey covering approximately 27 line kilometres across the northernmost part of the property. The Company is using biogeochemistry as an exploration tool due to the widespread glacial sand cover over large parts of the property. Project Acquisition Update: Consistent with its stated strategy of acquiring a project with a significant resource, the Company continues to look at projects for potential acquisition. To date over 40, primarily Canadian based, projects have been reviewed. The search is ongoing with a focus on advanced stage gold projects and the Company has narrowed down the list of potential candidates and completed technical due diligence on several. With cash and marketable securities of approximately $19.6 million, LabGold is in an excellent position to acquire and advance a significant project. Announcement • Oct 25
Labrador Gold Corp. Announces Results of Summer Field Work at the Hopedale Project Including 32.32g/t Au at The North End of the 3km Thurber Gold Trend Labrador Gold Corp. announce the results of the 2024 exploration program at its 100% owned Hopedale Project in Labrador. The district scale Hopedale property covers a 43km strike length of the Archean-age Florence Lake greenstone belt which has characteristics typical of greenstone belts around the world but has been underexplored by comparison. Highlights: Thurber North: High grade gold value of 32.32g/t and anomalous value of 0.81g/t at the north end of the 3km Thurber gold trend. Thurber Boundary occurrence: Anomalous gold value of 0.9g/t and copper (349ppm) within an 850m long anomalous zone defined by historical sampling, including soil samples up to 1,568 ppb Au and rock samples up to 0.75g/t Au; Indicates potential to extend the Thurber Gold trend a further 1.5km north. Fire Ant gold occurrence: High-grade gold of 9.35g/t and anomalous values of 0.3g/t and 0.19g/t Au with 10.8g/t Ag in rock grab samples close to a 2023 high grade sample grading 106g/t Au and 20.4g/t Ag; Gold mineralization now traced over an area of 250 metres by 270 metres along the contact of ultramafic volcanic rocks and gossanous felsic volcanic rocks. Jasmine Occurrence: Ground electromagnetics show an approximately 400m long conductor adjacent to a sample of semi massive sulphide grading 0.97% Zn and 0.25% Cu within a 1.5km trend of anomalous Cu-Zn in rock and soil. Stone Fly Occurrence: New copper occurrence with 0.55% Cu and anomalous gold (0.1 to 0.2g/t). Fourteen occurrences now identified on the Hopedale project reflecting multiple mineralization styles including orogenic gold, magmatic Ni sulphide, copper-silver vein and Zn-rich volcanogenic massive sulphide (.) Prospecting along the Thurber gold trend during 2024 continued to highlight the significant potential of the area. The highest-grade sample of 32.32g/t Au yet collected along the trend was found at Thurber North, and anomalous samples of 0.96g/t Au and 0.5g/t Au were collected approximately 150m north of TD500 and 100m south of Thurber North, respectively. The three-kilometre trend is defined by four significant gold occurrences surrounded by anomalous gold in rock and soil samples that occur along the contact of intensely carbonate altered ultramafic volcanic rocks and altered felsic or mafic volcanic rocks. A sample grading 0.93g/t Au was collected from the Thurber Boundary area approximately 1.5 kilometres north of Thurber North. Thurber Boundary is defined by soil samples up to 1,568 ppb Au, including five greater than 500ppb, and previous rock samples up to 0.75g/t Au. These anomalous samples extend over 850 metres from the northern property boundary southwestward towards Thurber North and indicate the potential to extend the Thurber gold trend to the property boundary. New Risk • Aug 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.6m (US$9.90m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$9.0m free cash flow). Earnings have declined by 9.0% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.6m market cap, or US$9.90m). Announcement • Jul 10
New Found Gold Corp. (TSXV:NFG) completed the acquisition of Kingsway Project from Labrador Gold Corp. (TSXV:LAB) for CAD 26.7 million. New Found Gold Corp. (TSXV:NFG) entered into a property purchase agreement to acquire Kingsway Project from Labrador Gold Corp. (TSXV:LAB) for CAD 20 million on April 21, 2024. Consideration is payable and satisfied by the delivery to LabGold of such number of NFG Common Shares determined by dividing the Purchase Price by the closing price of the NFG Common Shares on the TSX Venture Exchange (“TSXV”) on the last trading day prior to the closing of the Transaction. The Consideration Shares will be subject to a resale restriction of four months and one day from the closing of the Transaction. LabGold’s board of directors has unanimously recommended that LabGold’s shareholders vote in favour of the Transaction. The Transaction is subject to customary conditions, including receipt of necessary regulatory and stock exchange approvals and approval from a 66 2/3% majority of the votes cast by LabGold Shareholders at the next annual general and special meeting of LabGold to be scheduled for early July, 2024 and is is expected to close in the third quarter of 2024. The annual general and special shareholders meeting to approve the transaction has been scheduled for June 27, 2024. Shareholders of record on May 15, 2024 will be entitled to vote at the meeting. As on June 27, 2024, sale of the Kingsway Project to New Found Gold Corp. (“NFG”) has been approved by a majority of 87.8% Labrador Gold Corp. shareholders and overwhelmingly approved the re-election of the Board of Directors, the re-appointment of the Labrador Gold Corp.’s auditors and the ratification of the 2023 Stock Option Plan. The Transaction is scheduled to close on July 9, 2024.
New Found Gold Corp. (TSXV:NFG) completed the acquisition of Kingsway Project from Labrador Gold Corp. (TSXV:LAB) for CAD 26.7 million on July 9, 2024. Pursuant to the Acquisition, New Found has issued to LabGold 5,263,157 common shares as consideration for the Purchased Assets. New Risk • Apr 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$10m free cash flow). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$35.7m market cap, or US$26.0m). Announcement • Mar 14
Labrador Gold Corp., Annual General Meeting, May 16, 2024 Labrador Gold Corp., Annual General Meeting, May 16, 2024. Announcement • Feb 08
Labrador Gold Corp. Announces the Results of the 2023 Exploration Program at its 100% Owned Hopedale Project in Labrador Labrador Gold Corp. announced the results of the 2023 exploration program at its 100% owned Hopedale Project in Labrador. The district scale Hopedale property covers a 43km strike length of the Florence Lake greenstone belt which has characteristics typical of greenstone belts around the world but has been underexplored by comparison. Highlights Fire Ant gold occurrence: high-grade gold up to 106g/t with 20.4g/t Ag in rock grab samples, mineralization traced over approximately 200 metres strike length Rusty Ridge and Last Resort nickel occurrences: anomalous Ni area at Rusty Ridge extended to 550m, rock samples up to 0.28% Ni and soil samples up to 0.23% Ni, Identified a new anomalous nickel area (Last Resort) over a strike length of 1.6km coincident with a significant magnetic high, Thurber Boundary copper occurrence anomalous zinc zone identified over 400m at Jasmine with values up to 0.97% Zn in rock and 0.22% in soil, Jasmine also shows high copper and gold values indicating potential for volcanogenic style mineralization. Thurber Boundary copper occurrence: highest copper in soil value (3,493 ppm) found on the property to date identified in a 400m anomalous trend. Significant gold and silver in rock grab samples was found in the Rusty Ridge area with a high of 106g/t Au and 20.4 g/t Ag, 3.7g/t Au and 4.9g/t Ag and 2.9g/t Au and 4.7g/t Ag. This newly discovered mineralization named the Fire Ant occurrence, is hosted in gossanous felsic volcanic rocks close to the contact with ultramafic volcanic rocks and has been traced over a strike length of approximately 200 metres. Work during 2022 found significant nickel anomalies in soil and rock at an area named Rusty Ridge. The anomalies occur in ultramafic rocks indicating potential for magmatic nickel style mineralization. One of the goals of the 2023 exploration program was to follow up and extend these anomalies. A total of 14 grab samples of rock assayed over 0.1% Ni and included values up to 0.28% Ni while nickel values in soil up to 2,271ppm (0.23%) show a significant northeast-southwest trend extending the anomalous area over 550m. Approximately 1.2km south of Rusty Ridge, anomalous nickel in soil samples was outlined over a 1.6km strike length and is coincident with a significant magnetic high. Six of the samples assayed over 1,000ppm (0.1%) Ni with a high of 2,271ppm (0.23%) Ni. Limited rock sampling showed assays of 0.28%, 0.17% and 0.16% Ni in grab samples in this area named Last Resort. The highest copper value in soil (3,493ppm) on the property to date was recorded at Thurber Boundary, where it forms a northeast-southwest trend over approximately 500 metres. The location of the soil anomaly is in a similar stratigraphic location, close to the contact of mafic and ultramafic volcanic rocks, as the high grade (3.31% Cu over 0.76m and 1.55% Cu over 1m in channel samples) Kaapak copper occurrence approximately 3 kilometres to the south. In addition to the copper, nickel and gold found during the exploration program, anomalous zinc was found in soil samples (up to 0.22%) and rock (up to 0.97%) in the Jasmine area. The anomalous zone extends over approximately 400 metres and is coincident with a contact highlighted by a change from magnetic high to magnetic low. The Jasmine area is also known to have high copper and gold values indicating potential for volcanogenic massive sulphide deposits. Rock samples comprise grab samples, which are selective samples and not necessarily representative of mineralization found on the property. Samples were securely stored prior to shipping to analytical labs for assay. Rock samples were assayed at Eastern Analytical Laboratory in Springdale, an ISO/IEC17025 accredited laboratory for gold by standard 30g fire assay with atomic absorption finish as well as by ICP-OES for an additional 34 elements. Additional samples were sent to SGS Canada for whole rock assays by borate fusion XRF and ICP-MS/AES. Soil samples were submitted to SGS for gold by standard 30g fire assay with atomic absorption finish as well as ICP-MS for an additional 48 elements. The company submits blanks and certified reference standards amounting to 5% of each sample batch. New Risk • Jan 28
New major risk - Revenue and earnings growth Earnings have declined by 22% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$11m free cash flow). Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$495k net loss next year). Market cap is less than US$100m (CA$22.1m market cap, or US$16.4m). Announcement • Jan 25
Labrador Gold Corp. Announces Results from Recent Drilling Targeting the Highly Prospective Appleton Fault Zone Labrador Gold Corp. announced results from recent drilling targeting the highly prospective Appleton Fault Zone. The drilling is part of the Company’s ongoing 100,000 metre diamond drilling program at its 100% owned Kingsway Project. The latest results include holes drilled at Pristine, the NE extension of Big Vein, initial holes at Knobby and Peter Easton as well as the first hole in the new HM occurrence. Hole K-23-334 was a short hole drilled into the HM occurrence to test for gold mineralization at depth below the quartz vein at surface. Most of the hole was anomalous in gold grading 0.87g/t Au over 55.9 metres that included a zone with 27 grains of visible gold that graded 38.37g/t Au over 0.8 metres from 61.4 metres near the bottom of the hole. The HM occurrence was found by prospecting and is located approximately 570m along strike to the southwest of Big Vein and a similar distance northeast of Knobby. Hole K-23-334 is the only hole drilled into this occurrence to date. Results from Hole K-23-304, drilled at Knobby intersected two quartz zones containing visible gold at 42 and 49 metres. These intersections graded 1.27g/t Au over 0.42 metres and 8.78g/t Au over 0.4 metres, respectively. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 2 highly experienced directors. Member of Technical Advisory Board Quinton Hennigh was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Nov 24
Labrador Gold Corp. (TSXV:LAB) acquired Hopedale Property in east-central Labrador. Labrador Gold Corp. (TSXV:LAB) acquired Hopedale Property in east-central Labrador on November 22, 2023. The Hopedale Project remains subject to a 2% net smelter return royalty.Labrador Gold Corp. (TSXV:LAB) completed the acquisition of Hopedale Property in east-central Labrador on November 22, 2023. Announcement • Oct 13
Labrador Gold Corp. Announces Results from Recent Drilling Targeting the Highly Prospective Appletonault Zone Labrador Gold Corp. announced results from recent drilling targeting the highly prospective Appleton Fault Zone. The drilling is part of the Company's ongoing 100,000 metre diamond drilling program at its 100% owned Kingsway Project. Final results from first stage drilling at Drop kick include significant near surface gold mineralization of 20.15 metres grading 1.81g/t Au from 50 metres, including 4.14g/t Au over 4.5 metres in Hole K-23-248. Several near surface intervals were also intersected in Hole K-23-245 including 1.77g/t Au over 5.15 metres from 31.85 metres downhole. Holes K-23-245 and -248 represent a 67 metre step out to the northeast. Twelve of the 15 holes drilled at Drop kick intersected gold mineralization with four holes containing visible gold. Announcement • Aug 17
Labrador Gold Corp. Reports High Grade Gold Assays Up to 30.58g/t Au Between Big Vein and Golden Glove Labrador Gold Corp. announced results from recent prospecting along the highly prospective Appleton Fault Zone at its 100% owned Kingsway Project. Recent prospecting between Big Vein and Golden Glove near the southern property boundary has located a new gold showing, the Knobby occurrence. Grab samples from quartz vein outcrops returned gold values from below detection (<5ppb) to 30.58 g/t including samples grading 0.4g/t, 2.7g/t and 29.19 g/t Au. Three parallel veins were observed and have been traced along an east-west strike for approximately 200 metres. Stibnite mineralization was observed associated with the quartz veining. This is the first indication of gold mineralization along the Appleton Fault Zone between Big Vein and Golden Glove, an area that has seen little work to date. Prospecting is ongoing in the area of the Knobby occurrence and Groundtruth Exploration is currently completing a ground Mag/VLF survey extending from the southern property boundary to Big Vein. LabGold has submitted an application to drill up to 95 drill holes along this portion of the Appleton Fault Zone. Announcement • Aug 10
Labrador Gold Corp. Announces Results from Recent Drilling Targeting the Highly Prospective Appleton Fault Zone Labrador Gold Corp. announced results from recent drilling targeting the highly prospective Appleton Fault Zone. The drilling is part of the Company's ongoing 100,000 metre diamond drilling program at its 100% owned Kingsway Project. Highlights of follow up drilling at Pristine include an intersection of 11.98g/t Au over 6 metres from 91 metres (64 metres vertical) including 30.61g/t over 2.33 metres and 82.2g/t over 0.75 metres that contained 77 grains of visible gold in Hole K-22-270. All mineralization drilled to date at Pristine occurs above 86 metres vertical and extends over a strike length of approximately 160 metres. Further results from first stage drilling at DropKick include 1.15g/t Au over 12.4 metres from 190.25 metres including 7.74g/t Au over 0.3 metres in hole K-23-231 and 1.46g/t Au over 6.75 metres from 162.25 metres including 3.72g/t Au over 2.15 metres in Hole K-23-251. Ongoing drilling at Big Vein returned 1.10g/t Au over 9.3 metres from 195 metres, including 1.49g/t over 5.3 metres in Hole K-23 -246 and 1.47 g/t Au over 6.55 metres from 107.88 metres in hole K-23 -237. Drill hole collar details QA/QC True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ split core are securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples are routinely analyzed for gold by standard 30g fire assay with atomic absorption finish as well as by ICP-OES for an additional 34 elements. Samples containing visible gold are assayed by metallic screen/fire assay, as are any samples with fire assay results greater than 1g/t Au. The company submits blanks and certified reference standards at a rate of approximately 5% of the total samples in each batch. Approximately 5% of sample pulps are submitted to Bureau Veritas, an ISO 17025 accredited Laboratory in Vancouver, BC for check assays. Announcement • Jan 28
Labrador Gold Corp., Annual General Meeting, Apr 03, 2023 Labrador Gold Corp., Annual General Meeting, Apr 03, 2023. Announcement • Jan 20
Labrador Gold Corp. Announces High-Grade Gold and Copper Assays From Hopedale Project Including 21.59 g/t Au From TD500 and 10.2% Cu From Kaapak Labrador Gold Corp. announced results of prospecting and channel sampling at the Florence Lake Greenstone Belt on its Hopedale Project in Labrador. Highlights of the exploration include high-grade copper and gold in rock from both grab and channel samples from the northernmost (Thurber Dog) license. Previous work by LabGold and others in this area has outlined significant gold in rock and soil over a 3km strike length, including four discrete mineralized occurrences: Thurber North up to 3.8 g/t Au; TD500 up to 21.59 g/t Au; Thurber Dog up to 11.4 g/t Au; Thurber South up to 4.1 g/t Au. Follow up sampling at the TD500 gold occurrence returned gold values from grab samples ranging from 0.46 g/t to 21.59 g/t Au. The showing was channel sampled along eight channels over a strike length of approximately 60 metres. Gold varies from below detection limit (<5ppb) to 14.02 g/t with 48 samples assaying greater than 100ppb (0.1g/t) Au that includes 19 samples greater than 1 g/t Au. Highlights of the channel samples include 2.91 g/t Au over 5.17m including 14.02 g/t over 0.61m, 2.35 g/t Au over 6.88m and 4.23 g/t over 5.04m. Shear hosted gold mineralization at TD500 has now been uncovered over a 35m strike length and occurs in quartz veins and disseminated in the host rocks close to the contact between mafic volcanic and metasedimentary rocks. Pyrite and arsenopyrite are commonly associated with the gold mineralization. Grab samples from the copper occurrence (Kaapak) ranged from 131 ppm to 10.2% Cu, with seven of the nine samples assaying over 1% Cu. Elevated silver in these samples ranged from 0.2 to 9.8 g/t Ag. The showing was channel sampled along eight channels over a strike length of approximately 50 metres. Results showed copper values ranging from 18ppm to 3.31% and silver values from 0.1 to 2 g/t. Highlights include 3.31% Cu over 0.76m, 2.4% Cu over 0.6m and 1.55% Cu over 1m. Copper is present as disseminated to locally semi-massive chalcopyrite and lesser malachite associated with quartz veins close to the contact with mafic and ultramafic volcanic rocks. Announcement • Jan 13
Labrador Gold Corp. Intersects 20.88 G/T Au over 5 Metres At Big Vein, Kingsway Project Labrador Gold Corp. announced the latest results from recent drilling targeting the highly prospective Appleton Fault Zone over a 12km strike length. The drilling is part of the Company's ongoing 100,000 metre diamond drilling program at its 100% owned Kingsway Project. Highlights of the drilling include an intersection of 20.88 g/t Au over 5 metres that included 124.21g/t Au over 0.81 metres and 7.41 g/t Au over 1.0 metres in Hole K-22-206, and 6.04 g/t Au over 1.20 metres in Hole K-22-208. Both holes were drilled at the north end of Big Vein. A total of 63,055 metres have been drilled to date out of the planned 100,000 metre program. Assays are pending for samples from approximately 2,700 metres of core. The Company has $18 million in cash and is well funded to carry out the remaining 37,000 metres of the planned drill program as well as further exploration to add to the pipeline of drill targets on the property. Recent Insider Transactions • Dec 15
Independent Director recently sold CA$115k worth of stock On the 12th of December, Leonidas Karabelas sold around 367k shares on-market at roughly CA$0.31 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$393k more than they bought in the last 12 months. Announcement • Nov 29
Labrador Gold Intersects 23.44g/t Au over 1.27 Metres At Big Vein Southwest Labrador Gold Corp. announced results from recent drilling targeting the prospective Appleton Fault Zone over a 12km strike length. The drilling is part of the Company’s ongoing 100,000 metre diamond drilling program at its 100% owned Kingsway Project. Highlights of the drilling include an intersection of 8.60g/t Au over 4.41 metres from 326.89 metres that included 53.52g/t Au over 0.31 metres in Hole K-22-211 that contains visible gold, and 1.31g/t Au over 7 metres from 270 metres including 8.49g/t Au over 0.91 metres in Hole K-22-207 from Big Vein Southwest. Hole K-22-202, drilled at the northeast end of Big Vein, intersected 5.68g/t Au over 2.65 metres from 189.7 metres that included 18.27g/t Au over 0.78 metres. Hole K-22-211 was collared 40 metres southwest of Hole K-22-174 that intersected 284.1 g/t Au over 0.58 metres and 15.05g/t Au over 1.11 metres and extends the mineralized zone further to the Southwest. A total of 61,404 metres have been drilled to date out of the planned 100,000 metre program. Assays are pending for samples from approximately 4,263 metres of core (11.4% of the total submitted). The Company has $20 million in cash and is well funded to carry out the remaining 39,000 metres of the planned drill program as well as further exploration to add to the pipeline of drill targets on the property. True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ split core are securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples are routinely analyzed for gold by standard 30g fire assay with atomic absorption finish as well as by ICP-OES for an additional 34 elements. Samples containing visible gold are assayed by metallic screen/fire assay, as are any samples with fire assay results greater than 1g/t Au. The company submits blanks and certified reference standards at a rate of approximately 5% of the total samples in each batch. Roger Moss, PhD., P.Geo., President and CEO of LabGold, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release. The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property. Recent Insider Transactions • Nov 10
Independent Director recently sold CA$83k worth of stock On the 1st of November, Leonidas Karabelas sold around 299k shares on-market at roughly CA$0.28 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$131k more than they bought in the last 12 months. Announcement • Oct 21
Labrador Gold Corp. Announces Drilling Results from 100,000 Metre Diamond Drilling Program At Its 100% Owned Kingsway Project Labrador Gold Corp. announced results from recent drilling targeting the prospective Appleton Fault Zone over a 12km strike length. The drilling is part of the Company’s ongoing 100,000 metre diamond drilling program at its 100% owned Kingsway Project. Highlights of the drilling include an intersection of 30.67 g/t Au over 1.1 metres from 208.85 metres that included 99.31 g/t Au over 0. 3 metres in Hole K-22-190 from the north end of Big Vein. The intersection is approximately 75 metres north of the discovery outcrop and is downdip of Hole K-22-177 that intersected the longest interval yet of 2.02g/t Au over 32m. Also at Big Vein, Hole K-22-194 intersected 1.27 g/t Au over 6.17 metres from 115 metres that included 2.3 g/t Au over 3m. At Big Vein Southwest, Hole K-22-184 intersected 4.67 g/t over 1.64m from 336.25m that included 8.97 g/t over 0.75m. Announcement • Oct 04
Labrador Gold Corp., Annual General Meeting, Dec 12, 2022 Labrador Gold Corp., Annual General Meeting, Dec 12, 2022. Announcement • Sep 09
Labrador Gold Corp. Announces Results from Drilling Targeting Prospective Appleton Fault Zone over 12 Km Strike Length Labrador Gold Corp. announced results from recent drilling targeting the prospective Appleton Fault Zone over a 12km strike length. The drilling is part of the Company’s ongoing 100,000 metre diamond drilling program at its 100% owned Kingsway Project. Highlights of the drilling include an intersection of 2.02 g/t Au over 32 metres from 134 metres that included 18.08 g/t Au over 0.63 metres and 11.42 g/t Au over 1.05 metres in Hole K-22-177 from the north end of Big Vein. The intersection is approximately 75 metres north of the discovery outcrop. In addition, Hole K-22-187 at Big Vein southwest intersected 12.84 g/t Au over 0.8 metres from 341 metres. The last results from initial drilling at Midway showed an intersection of 5.69 g/t Au over 1.33 metres in Hole K-22-171. Further drilling is planned at Midway to test the continuity of gabbro-hosted mineralization along strike towards Cracker. A total of 52,648 metres have been drilled to date out of the planned 100,000 metre program. Assays are pending for samples from approximately 3,343 metres of core (11% of the total submitted). Drilling at Kingsway continues with four drill rigs, two working at Big Vein, one at Golden Glove and one at the CSAMT target. Ongoing detailed till sampling and prospecting continues to generate new drill targets along the Appleton Fault Zone and the gabbro trend north and south of Midway. Drilling will begin on these targets once initial drilling at CSAMT is complete. The Company has $23.6 million in cash and is well funded to carry out the remaining 47,000 metres of the planned drill program as well as further target generation on the property. QA/QC: True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ split core are securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples are routinely analyzed for gold by standard 30g fire assay with atomic absorption finish as well as by ICP-OES for an additional 34 elements. Samples containing visible gold are assayed by metallic screen/fire assay, as are any samples with fire assay results greater than 1g/t Au. The company submits blanks and certified reference standards at a rate of approximately 5% of the total samples in each batch. Breakeven Date Change • Aug 25
Forecast to breakeven in 2022 The analyst covering Labrador Gold expects the company to break even for the first time. New forecast suggests the company will make a profit of CA$59.2k in 2022. Announcement • Aug 24
Labrador Gold Announces Assays Up to 479.5G/T Au in Surface Samples from Golden Glove Labrador Gold Corp. announced assays from six samples containing visible gold recently collected during prospecting in the Golden Glove area at its 100% owned Kingsway Project. The samples were collected as part of the Company’s continuous efforts to generate and upgrade targets for drilling along the 12km strike length of the Appleton Fault Zone covered by the Kingsway Property. The samples were taken from quartz veins believed to be splays off the original Golden Glove vein. Assays of the six samples ranged from 7.51 g/t to 479.51 g/t Au. The quartz veins are hosted by grey and black shales and are typically vuggy and locally stylolitic with iron carbonate alteration. The four highest grade samples contain visible gold, and all samples contain between 2 and 5% pyrite and arsenopyrite both in the vein and along the contact with the shale wallrock. These results are comparable to assays from the initial samples taken at Golden Glove that ranged from 2.99 to 338.08g/t Au (see news release dated September 21, 2021). Announcement • Jul 09
Labrador Gold Corp. Announces New High Grade Intercept from Drilling At Southwest End of Big Vein Zone and Updates on Drilling At Golden Glove and Midway At Kingsway Project Labrador Gold Corp. announced a new high grade intercept from the drilling at the southwest end of the Big Vein Zone as well as updates on drilling at Golden Glove and Midway at its 100% owned Kingsway Project. These holes were drilled as part of the company’s ongoing 100,000 metre diamond drilling program targeting the prospective Appleton Fault Zone over a 12km strike length. Big Vein: Hole K-22-174 is the furthest hole to be drilled to the southwest at Big Vein and intersected 284.1g/t Au over 0.58m from 309.7m downhole and represents the highest grade yet intersected on the Kingsway project. The hole also intersected 15.05 g/t over 1.11m from 310.71m just below the high-grade intercept. The hole was collared 120m to the southwest of Hole K-22-122 that intersected 54.17 g/t over 0.95m and the mineralization remains open to the southwest. Golden Glove: Hole K-22-154 intersected 20.07 g/t Au over 1m from 335m downhole. This hole was drilled to test for a down plunge extension of mineralization in hole K-22-150 that intersected 6.22 g/t Au over 4m from 348m including 10.31 g/t Au over 2m. Midway: Hole K-22-153 intersected gabbro hosted gold mineralization grading 2.2 g/t Au over 13.2m from 45m downhole (38m vertical) that included 5.23 g/t Au over 4m. Announcement • Jun 30
Labrador Gold Corp. Announces Drilling Continues at Kingsway with Four Drill Rigs Labrador Gold Corp. announced that drilling continues at Kingsway with four drill rigs. Two rigs are working at Big Vein, one testing the down plunge extension of the high-grade HTC Zone below 250m, and the other testing the southwest extension of the Big Vein Zone. A third rig continues to test the Golden Glove target while the fourth rig tests the CSAMT target approximately eight kilometres northeast of Big Vein. The CSAMT target was generated from geophysical (controlled source audio magnetotellurics, magnetics and VLF-EM) and geochemical (gold in soil, rock and till) anomalies and is in an area of structural complexity. Both the Golden Glove and CSAMT targets occur on the east side of the Appleton Fault Zone. Approximately 44% of the 100,000 metre planned program has been completed to date. Announcement • Jun 09
Labrador Gold Corp. Announces Results from Seven Drill Holes, Including the First Hole Drilled At the Golden Glove Target in the South End of Its 100% Owned Kingsway Project Near Gander, Newfoundland Labrador Gold Corp. announced results from seven drill holes, including the first hole drilled at the Golden Glove Target in the south end of its 100% owned Kingsway project near Gander, Newfoundland. These holes weredrilled as part of the Company's ongoing 100,000 metre drill program at Kingsway. Hole K-22-150 intersected 6.22 g/t Au over 4 metres that included 10.31 g/t Au over 2m at a vertical depth of 246 metres. This intersection is located approximately 160 m south of the Golden Glove discovery outcrop where six grab samples, three of which contained visible gold, assayed between 2.99 g/t and 338.1 g/t Au. This intersection at Golden Glove is the fourth of four targets drilled by LabGold to return significant gold intercepts. While there are many similarities between the mineralization observed at Golden Glove and that at Big Vein, a significant difference is that while Big Vein occurs on the west side of the Appleton Fault Zone, Golden Glove is situated on the East Side. This is the first drilling on the east side of the fault at the Kingsway Property. Six holes drilled at the Pristine target intersected near surface gold mineralization over significant widths in the Doyle Zone, including 1.86 g/t Au over 8m in hole K-22-144 and 1.75 g/t over 20.2m that included 2.76 g/t Au over 6.2m in Hole K-22-139. Announcement • May 08
Labrador Gold Corp. Announces the Continued Extension of the Big Vein Zone to the Southwest with an Intersection Near Surface Gold Mineralization from Initial Diamond Drilling of the Pristine Target At Its 100% Controlled Kingsway Project Near Gander, Newfoundland Labrador Gold Corp. announced the continued extension of the Big Vein Zone to the southwest with an intersection of 54.17 g/t Au over 0.95m as well as the intersection of near surface gold mineralization from initial diamond drilling of the Pristine target at its 100% controlled Kingsway project near Gander, Newfoundland. These holes were drilled as part of the Company’s ongoing 100,000 metre drill program at Kingsway. At Big Vein, the intercept of 54.17g/t Au over 0.95m in hole K-22-122 contains visible gold and is the furthest intersection of the Big Vein Zone to the southwest drilled to date. This extends the strike length of the zone to 320m and it remains open in this direction. Hole K-22-116 targeted the HTC zone and intersected 14.67 g/t over a 1m interval that also contained visible gold. At the Pristine target the first six holes all intersected significant near surface gold mineralization, including hole K-21-109 that assayed 3.55 g/t Au over 2.33m from 17.15m that contained visible gold and hole K-21-100 that intersected 3.89 g/t Au over 3m from 53m downhole. The initial assays from the Pristine target, located approximately 800m northeast of Big Vein along the Appleton Fault Zone, are very similar to the first reported holes from Big Vein that assayed 1.11 g/t Au over 5.50m, 5.0 g/t Au over 0.9m and 2.26 g/t Au over 7.0m in Hole K-21-01 and 1.72 g/t Au over 3.0min Hole K-21-02. Announcement • Apr 20
Labrador Gold Corp. Announces New Discovery of Near Surface Gold At Midway 2.7Km North of Big Vein Labrador Gold Corp. to announced a new discovery of near surface gold mineralization from diamond drilling at the Midway target at its 100% controlled Kingsway project near Gander, Newfoundland. This hole wasdrilled as part of the Company’s ongoing 100,000 metre drill program and represents a new target for gold at Kingsway. Hole K-22-157 was drilled to test anomalous gold values at the Midway target and intersected 3.53 g/t Au over 6 metres from 37 metres including 5.71 g/t Au over 3 metres. Midway lies between the Appleton Fault Zone and the Dog Bay Line, two major structures in the region, approximately 2.7km north of Big Vein and represents a different mineralized system. The gold mineralization was intersected in just the third diamond drill hole at Midway. The mineralization is hosted by a strongly altered and sulphidised gabbro that intruded the siltstone and sandstone. Higher gold grades are associated with increased pyrite and arsenopyrite abundance and strong potassic feldspar, carbonate and silica alteration. Midway and Cracker gold occurrences. Gold mineralization at both Midway and Cracker is hosted by altered gabbro. Quartz-carbonate alteration is present in both cases, with K-feldspar alteration also prominent at Midway. Disseminated pyrite and arsenopyrite are also associated with the gold mineralization. Historical grab samples from the Cracker occurrence include assays of 61.73 g/t, 33.87 g/t and 16.4 g/t Au. It is believed that these gold occurrences represent the presence of a fertile structure developed by the rheological contrast between the gabbro and the sediments forming the country rock. Gabbroic intrusions are known to occur along strike to the northeast and southwest of the Cracker and Midway occurrences and extend intermittently across the entire property, a distance of approximately 21 kilometres. Samples from some of these gabbros have returned anomalous gold mineralization suggesting the potential for an extensive mineralized system subparallel to the Appleton Fault Zone and the Dog Bay Line. Announcement • Apr 06
Labrador Gold Intersects 6.07 g/t Au Over 19 Metres at the Big Vein Target, Kingsway Property Labrador Gold Corp. announced the latest assay results from diamond drilling that show high-grade intercepts in hole K-21-111 from Big Vein at its 100% controlled Kingsway project near Gander, Newfoundland. This hole was drilled as part of the Company’s ongoing 100,000 metre drill program targeting the 12km strike length of the Appleton Fault Zone at Kingsway. Hole K-21-111 was drilled to target down plunge mineralization in the high-grade HTC zone below the Big Vein Fault Zone. The hole intersected 6.07 g/t Au over 19 metres from 123 metres, the longest interval of gold yet found at Big Vein. The HTC Zone remains open at depth and to the northeast and additional sample assays from 1,286 metres of drilling are pending from this zone. Drilling continues to target this high-grade zone at depth and along strike. The Big Vein target is an auriferous quartz vein exposed at surface that has been traced over 400 metres subparallel to the Appleton fault zone. It is located approximately 200m from the Appleton fault zone, through which the gold-mineralizing fluids likely migrated. At Big Vein, gold mineralization is closely associated with a secondary structure, the Big Vein fault zone, that separates siltstone and sandstone hosting the Big Vein zone from the finer shale that hosts the HTC and HTC footwall zones. Gold mineralization observed at Big Vein includes visible gold typically hosted in annealed and vuggy gray quartz, that is locally stylolitic with vugs often containing euhedral quartz infilling. Drilling has produced high grade intercepts as well as wide areas of gold mineralization associated with significant quartz veining and sulphide mineralization including arsenopyrite, pyrite noted along vein margins and as strong disseminations in the surrounding wall rocks. The ongoing 100,000 metre drill program has now tested Big Vein over approximately 250 metres of strike length and to vertical depths of 250 metres. A total of 37,393 metres of the planned 100,000 metres have been completed in 116 holes, primarily at Big Vein. Assays have been received for 53% of samples submitted to the laboratory. True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ split core are securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples are routinely analyzed for gold by standard 30g fire assay with atomic absorption finish as well as by ICP-OES for an additional 34 elements. Samples containing visible gold are assayed by metallic screen/fire assay, as are any samples with fire assay results greater than 1g/t Au. The company submits blanks and certified reference standards at a rate of approximately 5% of the total samples in each batch. Roger Moss, PhD., P.Geo., President and CEO of LabGold, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release. The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property. Announcement • Mar 30
Labrador Gold Corp Extends High-Grade Gold Mineralization to 250m Southwest of Big Vein Discovery Labrador Gold Corp. announced the latest assay results from diamond drilling that show high-grade intercepts of near surface gold mineralization along the Appleton Fault Zone at its 100% controlled Kingsway project near Gander, Newfoundland. These holes were drilled as part of the Company’s ongoing 100,000 metre drill program targeting the 12km strike length of the Appleton Fault Zone at Kingsway. All ten holes were drilled at the Big Vein target and include intercepts of 17.63 g/t Au over 1.25m in hole K-21-98 and 14.50 g/t Au over 1 m from hole K-21-82 showing the presence of additional high-grade gold mineralization both down plunge and along strike. The intercept of 17.63g/t over 1.25m in hole K-21-98 is located approximately 250m southwest of the Big Vein discovery outcrop, the furthest southwest high-grade intersection to date. The mineralization remains open in this direction, and additional holes have been drilled in this area, for which results are pending. The 14.50g/t intercept in Hole K-21-82 infills the down plunge mineralization of the HTC Zone which remains open below 250m depth. Wider intervals of 1.25g/t Au over 7.20m in Hole K-21-82 and 1.82g/t Au over 10.8m in hole K-21-81 were also intersected from the Big Vein Zone and HTC Zone, respectively. The Big Vein target is an auriferous quartz vein exposed at surface that has been traced over 400 metres subparallel to the Appleton fault zone. It is located approximately 200m from the Appleton fault zone, through which the gold-mineralizing fluids likely migrated. At Big Vein, gold mineralization is closely associated with a secondary structure, the Big Vein fault zone, that separates siltstone and sandstone hosting the Big Vein zone from the finer shale that hosts the HTC and HTC footwall zones. Gold mineralization observed at Big Vein includes visible gold typically hosted in annealed and vuggy gray quartz, that is locally stylolitic with vugs often containing euhedral quartz infilling. Drilling has produced high grade intercepts as well as wide areas of gold mineralization associated with significant quartz veining and sulphide mineralization including arsenopyrite, pyrite noted along vein margins and as strong disseminations in the surrounding wall rocks. The ongoing 100,000 metre drill program has now tested Big Vein over approximately 250 metres of strike length and to vertical depths of 250 metres. A total of 37,393 metres of the planned 100,000 metres have been completed in 116 holes, primarily at Big Vein. Assays have been received for 51% of samples submitted to the laboratory. Announcement • Mar 03
Labrador Gold Corp. Receives Drill Permit for Golden Glove and Mobilizes Fifth Drill Rig Labrador Gold Corp. announced that it has received a diamond drill permit for the Golden Glove target at its 100% controlled Kingsway project near Gander, Newfoundland. As such, the Company has mobilized a fifth diamond drill to start the drilling as soon as possible. The Kingsway project is located in the highly prospective central Newfoundland gold belt. Gold mineralization was discovered at Golden Glove during the fall of 2021. The mineralization consists of visible gold in an outcrop of quartz vein hosted in shales. Assays of grab samples from the quartz vein range from 2.99 to 338.08 g/t Au and include assays of 194.28 g/t, 193.69 g/t and 83.61 g/t Au. This represented the second discovery of high-grade gold at, or near, surface along the Appleton Fault Zone after Big Vein. While there are many similarities between the mineralization at Golden Glove and Big Vein, a significant difference is that while Big Vein occurs on the west side of the Appleton Fault, Golden Glove is situated on the East Side. This will be the first drilling on the east side of the fault on the Kingsway Property. With the addition of the fifth drill rig, LabGold now has five drills on site, two drilling at Big Vein, two drilling at the Pristine Target and the fifth starting soon at Golden Glove. Announcement • Jan 20
Labrador Gold Corp. Announces Doubling of Drill Program to 100,000 Metres and Increase to Five Drill Rigs Labrador Gold Corp. announced a significant increase to its diamond drilling program, at the 100% controlled Kingsway project near Gander, Newfoundland. This increase follows the Company’s success exploring along the Appleton Fault Zone over the past 18 months. The Kingsway project is located in the highly prospective central Newfoundland gold belt. LabGold plans to double the current drilling program to 100,000 metres which includes the outstanding 23,000 metres remaining in the current 50,000 metre program. Four diamond drill rigs are currently operating at Kingsway and a fifth rig is scheduled to start following receipt of permits. Applications for 111 drill holes were submitted late last year and are expected in early March. The increased program is fully funded by the Company’s cash on hand of approximately $30 million. Drilling will continue to test Big Vein along strike and down plunge as well as the Pristine target where early drilling is encouraging. Golden Glove, where grab samples from a quartz vein containing visible gold assayed from 2.16 to 338.08 g/t Au, is a prime target and will be drilled following receipt of soil samples over the area. These are expected in the first quarter. Numerous other targets developing along the Appleton Fault Zone will be systematically tested along the entire 12km strike length during the increased program. Samples are securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples are routinely analyzed for gold by standard 30g fire assay with ICP (inductively coupled plasma) finish with samples containing visible gold assayed by metallic screen/fire assay. The company submits blanks and certified reference standards at a rate of approximately 5% of the total samples in each batch. Announcement • Jan 13
Labrador Gold Corp. Intersects 50.52 G/T Gold over 2 Metres At Kingsway Labrador Gold Corp. announced further high-grade intercepts of near surface gold mineralization along the Appleton Fault Zone at its 100% controlled Kingsway project near Gander, Newfoundland. These holes were drilled as part of the Company’s ongoing 50,000 metre drill program. The Kingsway project is located in the highly prospective central Newfoundland gold belt. High grade gold continues to be found at Big Vein including intercepts of 50.52 g/t Au over 2m in hole K-21-76 from the HTC Footwall Zone. A deeper (200m to 201m) intercept of 15.86 g/t Au over 1 m from the same hole appears to be from a new zone. Approximately 135 metres along strike to the southwest, Hole K-21-74 intersected 2.86 g/t Au over 25m including 16.21g/t Au over 1m and 5.7g/t over 7m in a possible new zone in the immediate footwall to the Big Vein Zone. Testing further to the Southwest along Big Vein indicates consistent increased width of mineralization in the Big Vein zone as shown here by Hole K-21-75, that intersected 3.33 g/t Au over 4m within a larger intercept of 12m grading 1.62 g/t Au from 28m. The Big Vein target is an auriferous quartz vein exposed at surface that has been traced over 400 metres along the Appleton Fault Zone. It lies within a larger northeast-southwest trending “quartz vein corridor” that stretches for over 7.5 kilometres as currently outlined, with potential for expansion along the 12 km strike length of the Appleton Fault Zone in both directions. Gold mineralization observed at Big Vein includes visible gold in quartz veins, assays of samples from which range from 1.87g/t to 1,065g/t gold. The visible gold is typically hosted in annealed and vuggy gray quartz, that is locally stylolitic with vugs often containing euhedral quartz infilling features characteristic of epizonal gold deposits. Drilling has produced high grade intercepts as well as wide areas of gold mineralization associated with significant quartz veining and sulphide mineralization including arsenopyrite, pyrite and possible boulangerite noted along vein margins and as strong disseminations in the surrounding wall rocks. The ongoing 50,000 metre drill program has now tested Big Vein over approximately 250 metres of strike length and to vertical depths of 200 metres. A total of 26,767 metres of the 50,000 metres have been completed in 116 holes primarily at Big Vein. Drilling at the new “Pristine” target began in November and nine holes totaling 2,229 metres have been drilled to date. Assays have been received for 59% of samples submitted to the laboratory or approximately 15,800 metres of core. True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ and NQ split core are securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples are routinely analyzed for gold by standard 30g fire assay with ICP finish with samples containing visible gold assayed by metallic screen/fire assay. The company submits blanks and certified reference standards at a rate of approximately 5% of the total samples in each batch. Announcement • Dec 30
Labrador Gold Corp. to Continue to Explore the Entire 12Km Strike Length of the Appleton Fault Zone During 2022 Labrador Gold Corp. will continue to explore the entire 12km strike length of the Appleton Fault Zone during 2022 including: Continued diamond drilling at Big Vein and the "Pristine" target testing along strike and at depth. Initial drilling at Golden Glove following receipt of survey results and drill permit. Upgrading of gold anomalies and generation of new targets using the same techniques that produced discoveries during 2020 and 2021. True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ and NQ split core are securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples are routinely analyzed for gold by standard 30g fire assay with ICP (inductively coupled plasma) finish with samples containing visible gold assayed by metallic screen/fire assay. The company submits blanks and certified reference standards at a rate of approximately 5% of the total samples in each batch. Announcement • Sep 23
Labrador Gold Samples 338 G/T Au in New Discovery At Golden Glove 3.5Km South of Big Vein Labrador Gold Corp. announced high-grade assay results from samples collected at a brand new discovery, the Golden Glove, located approximately 3.5km south of Big vein, part of its 100% controlled Kingsway Project near Gander, Newfoundland. The Kingsway project is located within the highly prospective Gander Gold District. Assays of six grab samples taken from an outcrop of mineralized quartz vein range from 2.99 to 338.08g/t Au. The three highest grade samples contained visible gold. The Golden Glove discovery is located adjacent to the Appleton Fault Zone approximately 3.5km southwest of Big Vein. Unlike Big Vein, it is located on the southeast side of the Appleton Fault Zone, similar to the Keats, Golden Joint and Lotto occurrences on New Found Gold’s Queensway property immediately to the south. Announcement • Aug 06
Labrador Gold Announces Till Results Including 311 Mostly Pristine Gold Grains Labrador Gold Corp. announced the results of a till sampling program recently completed along the Appleton Fault Zone on its 100% controlled Kingsway project Newfoundland. The Kingsway project is located within the highly prospective Gander Gold District. Highlights from the sampling program include: Results of 59 till samples taken over the southern Kingsway property show contained gold grains ranging from 0 to 311 grains. Twelve of the 59 samples contain more than 50 gold grains, of which four contain more than 100 grains. A sample containing 165 gold grains, of which 153 (93%) are pristine, occurs just down ice of Big Vein which is the likely source of the grains in this till sample. Two samples containing 165 (96% pristine) and 311 (83% pristine) gold grains occur approximately 700 metres northeast (down ice) of Big Vein. The large number of pristine grains in these samples indicates a short transport distance suggesting a source other than Big Vein closer to the sample locations. Similarly, a sample containing 101 gold grains, 28 of which are pristine, occurs a further 2.3km to the northeast, again suggesting a separate source. The results from these till samples, together with anomalous soil geochemistry from the 2020 sampling survey, demonstrate the potential for the discovery of further gold mineralization along the Appleton Fault Zone. Recent Insider Transactions • Jun 30
Insider recently bought CA$821k worth of stock On the 23rd of June, Eric Sprott bought around 500k shares on-market at roughly CA$1.64 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$768k more in shares than they have sold in the last 12 months. Announcement • Jun 23
Labrador Gold Corp. Intercepts 50.38 g/t Over 1.85 Metres Including 160.42 g/t Over 0.55 Metres at Big Vein, Kingsway Project, Newfoundland Labrador Gold Corp. announced another high-grade intercept of near surface gold mineralization from its Kingsway project near Gander, Newfoundland. The Kingsway project is located in the highly prospective central Newfoundland gold belt. The high-grade intersection is from hole K-21-17 that contains fine particles of visible gold in quartz vein. The hole intersected 50.38 g/t Au over 1.85 metres including 160.42 g/t over 0.55 metres. The quartz vein containing the visible gold is typically vuggy and locally contains stylolites and is similar to quartz veins containing high grade gold intersections of 20.6 g/t Au over 3.6 metres including 103.36 g/t over 0.3 metres and 10.48 g/t Au over 2.4 metres reported previously. The intersection in hole K-21-17 represents a 30 metre step out to the northeast from the previous intercepts and extends the high-grade mineralization to approximately 40 metres along strike. The mineralization remains open in both directions. The Big Vein target is an auriferous quartz vein exposed at surface that has been traced over 400 metres at surface along the Appleton Fault Zone. It lies within a larger northeast-southwest trending “quartz vein corridor” that stretches for over 7.5 kilometres as currently outlined with potential for expansion along the Appleton Fault Zone in both directions. Gold mineralization observed at Big Vein includes six occurrences of visible gold, assays of samples from which range from 1.87g/t to 1,065g/t gold. The visible gold is typically hosted in annealed and vuggy gray quartz, that is locally stylolitic with vugs often containing euhedral quartz infilling features characteristic of epizonal gold deposits. The current drill program, recently increased to 50,000 metres, has only tested Big Vein over approximately 100 metres of strike length of the 400m surface exposure and vertical depths of 50 metres. However, drilling has already produced visible gold in four drill holes giving high grade intercepts as well as wide areas of gold mineralization associated with significant quartz veining and sulphide mineralization including arsenopyrite, pyrite and possible boulangerite noted along vein margins and as strong disseminations in the surrounding wall rocks. Announcement • Jun 18
Labrador Gold Corp. Doubles Number of Drill Rigs to Four and Increases Drilling Program to 50,000 Metres at Kingsway Labrador Gold Corp. announced that it is expanding the current drill program from 20,000 metres to 50,000 metres and plans to increase the number of drill rigs to four. Highlights: The decision to increase the current drill program to 50,000 metres was made following a review of the multiple targets along the 7.5 km quartz vein corridor adjacent to the 12 km strike length of the Appleton Fault Zone. Approximately 4,000 metres of drilling has been completed at Big Vein. The Company currently has $36 million in working capital and is well funded for the expanded program. The core facility has been upgraded to meet the demands of the increased program. Assay results from two holes containing visible gold are expected in the coming weeks. Announcement • Jun 04
Labrador Gold Intercepts 20.6 g/t Over 3.6 Metres and 10.48 g/t Over 2.4 Metres at Big Vein Visible Gold Intersected in Four Drill Holes Labrador Gold Corp. announced the first intercepts of near surface high-grade gold mineralization from its Kingsway project near Gander, Newfoundland. The Kingsway project is located in the highly prospective central Newfoundland gold belt. The high-grade intersections are from holes K-21-12 and K-21-14 that contain fine particles of visible gold in quartz vein. Hole K-21-12 intersected 20.6 g/t Au over 3.6 metres including 103.36 g/t over 0.3 metres and Hole K-21-14 intersected 10.48 g/t Au over 2.4 metres. Two other holes, K-21-07 and K-21-17, for which assays are pending, also contain visible gold. Quartz veins containing visible gold are typically vuggy and contain stylolites, some with gold particles precipitated along them. A summary of the high-grade intersections, as well as other assays received to date, is given in Table 1 below. Importantly, all holes assayed to date report one or more significant mineralized intercepts. The Big Vein target is an auriferous quartz vein exposed at surface that has been traced over 400 metres at surface along the Appleton Fault Zone. It lies within a larger northeast-southwest trending “quartz vein corridor” that stretches for over 7.5 kilometres as currently outlined with potential for expansion in both directions. Gold mineralization observed at Big Vein includes six occurrences of visible gold, assays of samples from which range from 1.87g/t to 1,065g/t gold. The visible gold is typically hosted in annealed and vuggy gray quartz, that is locally stylolitic with vugs often containing euhedral quartz infilling features characteristic of epizonal gold deposits.
A 20,000-metre drill program currently in progress has only tested Big Vein over an 80 metre strike length of the 400m surface exposure and only to vertical depths of 50 metres. However, drilling has already produced visible gold in four drill holes as well as wide areas of gold mineralization associated with significant quartz veining and sulphide mineralization including arsenopyrite, pyrite and possible boulangerite noted along vein margins and as strong disseminations in the surrounding wall rocks. True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ split core were securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples are routinely analyzed for gold by standard 30g fire assay with ICP (inductively coupled plasma) finish with samples containing visible gold assayed by metallic screen/fire assay. The company submits blanks and certified reference standards at a rate of approximately 5% of the total samples in each batch. Announcement • May 13
Labrador Gold Corp. Announces Initial Assays from the First Two Holes of the 20,000 Metre Diamond Drill Program At Its 100% Controlled Kingsway Gold Project Near Gander, Newfoundland Labrador Gold Corp. announced initial assays from the first two holes of the 20,000 metre diamond drill program at its 100% controlled Kingsway Gold Project near Gander, Newfoundland, located within the highly prospective Gander Gold District. Preliminary results are from portions of the first diamond drill holes drilled at the Big Vein target containing significant quartz veining and sulphide mineralization. Highlights include 1.11 g/t Au over 5.50metres, 5.0 g/t Au over 0.9 metres, 2.26 g/t Au over 7.0 metres including 8.66 g/t Au over 1 metre in Hole K-21-01 and 1.72 g/t Au over 3.0 metres in Hole K-21-02. These last two intervals are from a newly discovered deeper zone named the HTC Zone. Assays for remaining sections of these two holes remain outstanding. Drilling from the current setup shows multiple intersecting structures influencing the thickness, geometry and position of mineralized zones. Big Vein appears to be emplaced close to a contact between interbedded silty- sandstones to the northwest and predominantly shales to the southeast. Controls on mineralization of the HTC Zone are less clear, although an increase in the intensity of folding appears to coincide with the observed veining. HTC also displays more sulphide than Big Vein including fine grained arsenopyrite, pyrite and Sb-Pb- bearing sulphide along vein margins and as strong disseminations in the surrounding shales. Highly elevated arsenic and antimony from portable XRF data confirms strong prospectivity of this new zone. The Big Vein target is an auriferous quartz vein exposed at surface that has been traced over 400 metres to date. Gold mineralization observed at Big Vein includes six occurrences of visible gold, assays of samples from which range from 1.87g/t to 1,065g/t gold. The visible gold is typically hosted in annealed and vuggy gray quartz, that is locally stylolitic with vugs often containing euhedral quartz infilling features characteristic of epizonal gold deposits. True widths of the reported intersections have yet to be calculated. Assays are uncut. Samples of HQ split core were securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples were analyzed for gold by standard 30g fire assay with ICP (inductively coupled plasma) finish. Announcement • Apr 30
Labrador Gold Corp. Announces Additional Drill and Doubling of Program to 20,000 Metres at Kingsway Project Labrador Gold Corp. announced that it has arranged for a second diamond drill rig at its 100% controlled Kingsway Gold Project near Gander, Newfoundland. The Kingsway project is located within the highly prospective Gander Gold District and along strike from New Found Gold’s high-grade Queensway Project. A second diamond drill rig has been secured from Cabo Drilling (Pacific) who are currently drilling the Big Vein target at Kingsway. Following a slow start, primarily because of wet ground conditions due to the Spring thaw, production has picked up and hole 6 is now underway. The second drill rig was added to further increase production along the Big Vein target. LabGold is also planning to double the size of the drilling program from 10,000 metres to 20,000 metres to test the quartz vein corridor along strike to the northeast and southwest of Big Vein. The quartz vein corridor encompasses intermittent quartz vein outcrop over a strike length of 7.5 kilometres. Significant results from the quartz vein corridor, obtained just before the field program wrapped up late last year, include a till sample containing 165, mostly pristine, gold grains located 900 metres north of Big Vein and a grab sample of quartz vein float that assayed 16g/t Au located 1.2 kilometres to the southwest. These results will be aggressively followed up once field work resumes in the coming days. Note that grab samples are selective samples and are not necessarily representative of mineralization on the property. Note that the first samples from the drilling program were received by Eastern Analytical on April 12th and the standard turnaround time is currently on the order of six to seven weeks. The Big Vein target is an auriferous quartz vein exposed at surface that has been traced over 400 metres to date. Gold mineralization observed at Big Vein includes six occurrences of visible gold, assays of samples from which range from 1.87g/t to 1,065g/t gold. The visible gold is typically hosted in annealed and vuggy gray quartz, that is locally stylolitic with vugs often containing euhedral quartz infilling features characteristic of epizonal gold deposits. Announcement • Apr 20
Labrador Gold Corp. announced that it has received CAD 9.8 million in funding from New Found Gold Corp. and another investor Labrador Gold Corp. (TSXV:LAB) announced a non-brokered private placement of 14,000,000 flow through units at a price of CAD 0.70 per unit for gross proceeds of CAD 9,800,000 on April 19, 2021. The transaction included participation from new investors New Found Gold Corp. (TSXV:NFG) and Eric Sprott for 7,000,000 units each. Each flow through unit consists of one flow through common share and one half a non-flow through share purchase warrant, with each full warrant exercisable to acquire a common share at CAD 0.75 until April 16, 2023. The securities issued are subject to a statutory hold period expiring on August 17, 2021. Announcement • Mar 21
Labrador Gold Provides Exploration Update Labrador Gold Corp. provided exploration update on previously announced 10,000 metre drill program, anticipated to consist of 43 holes, is designed to test a 350-metre strike length of Big Vein. Initial drilling will test for shallow high-grade mineralization below outcropping visible gold in quartz vein, a grab sample from which assayed 1,065 g/t gold. Since the plunge of the high-grade mineralization is not yet known, drilling will start with short 12.5-metre incremental step-out holes to the northeast and southwest to better determine the orientation of this zone. LabGold has signed an agreement with Cabo Drilling (Pacific) Corp. of Springdale, Newfoundland as the drilling contractor and they are standing by ready to mobilize. Preparations for the drill program are at an advanced stage and it is expected that drilling can begin in a timely manner. Assays of the remaining rock samples taken during the 2020 field season show encouraging gold values along the quartz vein corridor to the southwest of Big Vein, including a grab sample of quartz vein subcrop returning 16g/t Au. This sample was collected 1.2 kilometres southwest of the visible gold showing at Big Vein. Gold anomalies also occur to the northeast of Big Vein with a grab sample of quartz vein subcrop assaying 1.0g/t Au collected approximately 1.6km to the northeast. Note that grab samples are selective samples and may not be representative of the mineralization on the property. A test program of till sampling was carried out down ice of the Big Vein discovery at the end of the 2020 season and samples were submitted to Overburden Drilling Management for gold grain analysis. Results show a sample taken directly down ice of Big Vein contained 165 grains of gold most of which were pristine indicating that the visible gold in Big Vein was the likely source. Another sample containing 165 grains of gold, of which 159 are pristine, was collected 900 metres north of the visible gold occurrence. The pristine nature of the grains suggests a source other than Big Vein and closer to that sample site. Another six till samples showed between 0 and 48 gold grains. Collectively, this till data suggests that there is potential for additional high-grade mineralization adjacent to the Big Vein trend in an area where a geochemical anomaly has already been defined from the 2020 soil data. Results of both the rock and till sampling highlight the potential of the quartz vein corridor to host significant gold mineralization both northeast and southwest of Big Vein. LabGold will follow up these results in the spring with the same aggressive mapping and sampling program that led to the discovery of the visible gold at Big Vein. The Company has also received remaining assays from reconnaissance rotary air blast (RAB) drilling which highlight an area of anomalous gold in the Midway area. Values up to 2.0 g/t over 3.05 metres from 50.29 metres were returned from a strongly altered and sulphidized interval in hole KINRAB20-11 within a larger interval of 1.06 g/t over 7.63 metres from 47.24 metres downhole. These are the highest gold values reported in RAB drilling from the property to date. Hole 11 is located at the southwest end of an anomalous gold zone (with additional values from 0.2 to 1.11g/t at similar depths) stretching over 360m and which remains open to the northeast and southwest. Anomalous intervals are typically altered gabbro with variable pyrite and arsenopyrite mineralization. The anomalous zone is located approximately 2.8 kilometres north of Big Vein. RAB chip and rock samples were shipped to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples were analyzed for gold by whole sample metallic screen/fire assay or by standard 30g fire assay with ICP (inductively coupled plasma) finish. The company submits blanks, field duplicates and certified reference standards at a rate of approximately 5% of the total samples in each batch. Roger Moss, PhD., P.Geo., President and CEO of LabGold, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release. The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property. Is New 90 Day High Low • Mar 05
New 90-day low: CA$0.32 The company is down 28% from its price of CA$0.45 on 04 December 2020. The Canadian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 5.0% over the same period. Announcement • Feb 13
Labrador Gold Corp., Annual General Meeting, Apr 23, 2021 Labrador Gold Corp., Annual General Meeting, Apr 23, 2021. Announcement • Feb 04
Labrador Gold Corp. Announces Initial 10,000 Metre Drill Program to Test High-Grade Gold Target at Kingsway, Newfoundland Labrador Gold Corp. announced a maiden 10,000-metre diamond-drill program to test high-grade gold targets at the Big Vein prospect on its 100% controlled Kingsway Project near Gander, Newfoundland. The Kingsway project is located within the highly prospective Gander Gold District. The drill program, anticipated to consist of 43 holes, is designed to test a 350-metre strike length of Big Vein. Initial drilling will test shallow mineralization below the original visible gold showing, a grab sample from which assayed 1,065 g/t gold. Since the plunge of the high-grade mineralization is not yet known, drilling will proceed with short 12.5-metre stepouts to the northeast and southwest of the visible gold showing. The VLF-EM data collected late in 2020 has been processed and is being used to guide the targeting of Big Vein and horizons within the vein corridor. The VLF data highlights steeply-dipping, northeast-trending high-resistivity features that are interpreted to represent zones of quartz veining and/or silicification hosted in the less resistive shales and turbiditic sequences of the Davidsville group. The company is already advanced in its preparations for the drill program and has signed an agreement with Cabo Drilling (Pacific) Corp. of Springdale, Newfoundland as the drilling contractor. The company has also leased a warehouse in Glenwood to serve as a core shack with outside space for core storage and is outfitting the building for the needs of the program. The company submitted permit applications for the drilling program in mid-December, 2020 and is waiting for the approvals. Once approvals are received, the company expects to mobilize crews quickly since preparations are well advanced. Big vein target: the big vein target is an auriferous quartz vein exposed at surface that has been traced over 400 metres to date. Gold mineralization observed at big vein includes six occurrences of visible gold, samples from which assays range from 1.87g/t to 1,065g/t gold. The visible gold is typically hosted in annealed and vuggy gray quartz, that is locally stylolitic with vugs often containing euhedral quartz infilling features characteristic of epizonal gold deposits. Big vein lies within a larger corridor of intermittent quartz veining striking northeast-southwest over 7.5km adjacent to the appleton fault zone. Prospecting has revealed that quartz veins along this corridor locally contain pyrite, chalcopyrite, and arsenopyrite with carbonate and sericite alteration. Gold-in-soil anomalies and resistivity highs from VLF-EM geophysical surveys are spatially associated with the corridor. Announcement • Jan 22
Labrador Gold Confirms High-Grade Gold Target At Kingsway Labrador Gold Corp. announced the latest high-grade assay results from samples collected near the area of visible gold at the Big Vein target, part of its 100% controlled Kingsway Project near Gander, Newfoundland. The Kingsway project is located within the highly prospective Gander Gold District. The Hopedale gold property covers much of the Florence Lake greenstone belt that stretches over 60 km. The belt is typical of greenstone belts around the world but has been underexplored by comparison. Initial work by Labrador Gold has identified a 3 kilometre mineralized section of the northern portion of the belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. 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 exploration to date 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. Announcement • Dec 23
Labrador Gold Corp. Appoints Quinton Hennigh to the Advisory Board Labrador Gold Corp. announced the appointment of Dr. Quinton Hennigh to the company's Advisory Board. Dr. Hennigh is an economic geologist with 25 years of exploration experience, and is a founder and current Chairman and President of Novo Resources Corp., which is exploring and developing gold projects in the Pilbara region of Western Australia, including its Beatons Creek, Karratha and Egina gold projects, the latter of which is under a joint venture with Japan's Sumitomo Corporation. Dr. Hennigh joins Shawn Ryan on the Company's Technical Advisory Board. Announcement • Dec 19
Labrador Gold Corp. Announces Initial Results from Kingsway RAB Drilling Labrador Gold Corp. announced the first assay results from the RAB (Rotary Air Blast) drilling at its Kingsway Project near Gander, Newfoundland. The Kingsway project is located within the highly prospective Gander Gold District. The RAB drilling program, consisting of 28 holes totaling 1,670 metres has now been completed at Kingsway. The drilling program targeted coincident gold in soil samples and VLF-EM anomalies believed to be associated with gold mineralization hosted by gabbro such as observed at the Company’s Cracker occurrence as well as gold occurrences at Exploit Discovery’s Johnathon’s Pond to the northeast. Assays for the first nine holes (total of 588 metres) have been received including three holes drilled at the Cracker gold occurrence and six holes drilled at Midway, 2 kilometres to the southwest. Anomalous gold values (>0.1 g/t) were found in 5 holes, including a high of 0.84 g/t in hole KINRAB20-06 drilled in the Midway area. Three of the remaining four holes did not intersect the target gabbro. Four holes containing anomalous gold at Midway occur over a strike length of 250 metres. Anomalous gold is associated with moderate to strong carbonate alteration and variable silicification of the gabbro. Quartz veining is variable and locally abundant. Sulphide mineralization is dominated by pyrite with arsenopyrite in higher grade intervals. RAB drilling is a low impact tool that allows for rapid initial follow up of anomalous areas covered by overburden. It has allowed LabGold to test anomalies over a large part of the property (4 areas over 9.5km) and provided important new information on lithology, structure, alteration and mineralization. The RAB drilling program was part of LabGold’s comprehensive exploration program on the project conducted over five months during the summer and fall of 2020. In addition to RAB drilling, work included more than 8,500 soil and 950 rock samples, over 260-line kilometres of Mag-VLF geophysics, a 20.3 line kilometre CSAMT (controlled source audio magnetotellurics) survey, as well as prospecting and geological mapping. This work led to the discovery of Big Vein and associated visible gold after the RAB drilling had been permitted and was already underway. Gold mineralization shows features characteristic of epizonal gold deposits and Big Vein has been traced over a strike length of 400 metres within a larger corridor of veining over 7.5km in strike length. This represents a primary target for exploration and planning is underway for an aggressive diamond drill program for early 2021. Announcement • Dec 04
Labrador Gold Corp. Announces the Results of Initial Sampling from the Area of Visible Gold in Quartz Vein At Its Kingsway Project Near Gander, Newfoundland Labrador Gold Corp. announced the results of initial sampling from the area of visible gold in quartz vein at its Kingsway Project near Gander, Newfoundland. The Kingsway project is located within the highly prospective Gander Gold District. Assays from 70 grab samples taken over a 175 metre strike length of quartz vein (“Big Vein”) northeast and southwest of the visible gold samples range from below detection (<5ppb) to 1,065g/t Au in sample 526089 containing visible gold. In addition, 16 samples assayed over 1g/t Au and 39 samples assayed over 0.1g/t Au. Prospecting and mapping have now expanded the northeast-southwest strike of Big Vein over approximately 400 metres. This vein lies within a larger corridor of intermittently exposed quartz veining over a strike length of 7.1km. Detailed mapping in the vicinity of Big Vein indicates it is hosted by dark grey-black shales of the Davidsville Group, a stratigraphic horizon which hosts several gold occurrences in central Newfoundland. While blow-outs of the quartz vein up to nine-metres-wide are seen sporadically along strike, contacts between the veins and host rock are not exposed sufficiently to determine the true thickness of the veins. Prospecting, mapping and sampling continues along this vein corridor to further define the nature and extent of this mineralized system. Samples were shipped to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples were analyzed for gold by whole sample metallic screen/fire assay or by standard 30g fire assay with ICP (inductively coupled plasma) finish. The company submits blanks, field duplicates and certified reference standards at a rate of approximately 5% of the total samples in each batch. Announcement • Nov 17
Labrador Gold Announces High Grade Gold in Soil Samples At Kingsway Property Labrador Gold Corp. announced further results of the recently completed soil sampling survey at its 77km2Kingsway Project near Gander, Newfoundland. The Kingsway project is located within the highly prospective Gander Gold Belt. Soil sampling has now been completed with 7,740 soil samples collected over 16 grids. Results for 432 samples in the area of the quartz vein containing visible gold. Announcement • Nov 14
Labrador Gold Corp. Updates Exploration Activity At Kingsway Labrador Gold Corp. give an update on exploration activity at its Kingsway Project near Gander Newfoundland. The Kingsway project is located within the highly prospective Gander Gold District and the Company is currently drilling along strike to the northeast of New Found Gold Corp.'s gold discovery announced earlier this year. Drilling started in the area around the Cracker gold showing where three holes have been drilled. Holes targeted VLF-EM conductors associated with an altered mineralized gabbro and anomalous gold in soil samples. Historical results from the Cracker showing include grab samples from trenching ranging from 1.8 g/t Au to 61.73 g/t Au and channel samples ranging from <5ppb to 1.89 g/t Au. Drilling at Midway approximately 2km southeast of Cracker tested coincident gold in soil and Mag-VLF-EM targets along two interpreted secondary structures trending northeast and north-northeast. Gold concentrations in soil samples in the area range from below detection up to 281ppb (0.281g/t) with six samples assaying more than 100ppb Au (>0.1g/t Au). The higher concentrations are associated with the two structures. Drilling is now underway in the area of the Appleton Showing where an historical grab sample assayed 4.96g/t Au. Drilling is testing a northeast trending anomalous area along the edge of a VLF_EM conductor with soil samples ranging from below detection to 336ppb Au and rock grab samples from below detection to 0.72 g/t Au. Is New 90 Day High Low • Oct 27
New 90-day low: CA$0.33 The company is down 37% from its price of CA$0.52 on 29 July 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 7.0% over the same period. Announcement • Oct 20
Labrador Gold Corp. Begins Drilling At Its Kingsway Project Near Gander Newfoundland Labrador Gold Corp. announced that drilling has begun at its Kingsway Project near Gander Newfoundland. The Kingsway project is located within the highly prospective Gander Gold District along strike to the northeast of New Found Gold Corp's gold discovery announced earlier 2020. Drilling started in the area around the Cracker showing where up to 5 drill holes are planned. Holes are targeting VLF-EM conductors associated with an altered mineralized gabbro and anomalous gold in soil samples. Historical results from the Cracker showing include grab samples from trenching ranging from 1.8 g/t Au to 61.73 g/t Au and channel samples ranging from <5ppb to 1.89 g/t Au. Drilling will then proceed approximately 2km southeast to test coincident gold in soil and Mag-VLF-EM targets along two interpreted secondary structures trending northeast and north-northeast. Gold concentrations in soil samples range from below detection up to 281ppb (0.281g/t) with six samples assaying more than 100ppb Au (>0.1g/t Au). The higher concentrations are associated with the two structures. The third drilling area is located a further 2.6km to the southeast near the Appleton #2 showing close to the intersection of a northwest trending structure with the north-northeast structure targeted in Area 2. Gold in soil anomalies range from below detection up to 686ppb (0.67g/t Au) and are associated with a strong northeast
trending conductor. The last two areas for drilling are further to the northeast approximately 4.8km and 7 km northeast of the Cracker occurrence. The first area is in an area of complicated structure that is currently being covered with the CSAMT Survey (see news release dated October 8th, 2020). Gold in soil samples range from below detection up to 547ppb Au. A single historical till sample in the area assayed 1,093ppb Au (1.09g/t) and contained 60 gold grains. This area will be drilled following receipt of results from the CSAMT survey. The final area covers an interpreted north-northeast trending splay of the Appleton Fault Zone. Gold in soil samples range from below detection to 1,618 ppb (1.62 g/t Au). Announcement • Oct 15
Labrador Gold Corp. Announces Mobilization of Drill to Kingsway Property Labrador Gold Corp. announced the mobilization of a drill and crew to its Kingsway Project near Gander Newfoundland. The Kingsway project is located within the highly prospective Gander Gold District along strike to the northeast of New Found Gold Corp’s gold discovery announced earlier this year. LabGold currently has exploration approval for an initial 2,600 metres of rotary air blast drilling (RAB) in up to 30 holes and has applied for a further 2,000 metres. Drill holes will test coincident gold in soil and VLF-EM anomalies, a strategy that has historically led to the discovery of new occurrences. The initial drilling will be carried out in five areas of the property including around the Cracker and Appleton #2 gold showings. Historical grab samples from these showings assayed from below detection (<5ppb) up to 61.73g/t Au and 4.96g/t Au, respectively. Announcement • Oct 10
Labrador Gold Corp. Announces Start of CSAMT Geophysical Survey at Kingsway Project Near Gander Newfoundland Labrador Gold Corp. announced that a CSAMT geophysical survey is currently underway at its 77km2 Kingsway Project near Gander Newfoundland. The Kingsway project is located within the highly prospective Gander Gold Belt along strike to the northeast of Newfound Gold Corp.'s gold discovery announced earlier this year. Controlled Source Audio Magnetotellurics is an electrical geophysical technique that measures resistivity in the subsurface down to depths in excess of 500 metres. The resistivity profiles can be used to target silicification associated with gold mineralization as well as deep structures such as the Appleton Fault Zone. Announcement • Oct 07
Labrador Gold Corp. announced that it expects to receive CAD 4.05 million in funding from Palisades Goldcorp Ltd. Labrador Gold Corp. (TSXV:LAB) announced a non-brokered private placement of 7,500,000 flow-through units at a price of CAD 0.54 per unit for aggregate gross proceeds of up to CAD 4,050,000 on October 6, 2020. The transaction included participation from Palisades Goldcorp Ltd. to gain 11.7% holding in the company. Each flow-through unit will consist of one flow-through common share and one non-flow through common share purchase warrant. Each warrant entitles the holder to purchase one additional share at a price of CAD 0.60 for a period of 2 years from the date of closing. The company may pay a finder’s fee to one or more arms’ length parties in accordance with the policies of the TSX Venture Exchange. The transaction is subject to TSX Venture Exchange approval. All securities issued in connection with the transaction will be subject to a hold period of four months and one day from the date of closing. The transaction is expected to close on October 29, 2020. Announcement • Oct 06
Labrador Gold Corp. Announces Initial Results of Soil Sampling at Kingsway Property Labrador Gold Corp. announced initial results of the soil sampling survey at its 77km Kingsway Project near Gander, Newfoundland. The Kingsway project is located within the highly prospective Gander Gold Belt along strike to the northeast of New Found Gold Corp’s gold discovery announced earlier this year. Soil sampling has now been completed with 7,740 soil samples collected over 16 grids. Results for 3,125 samples covering three grids on the Kingsway South license are reported here. Gold values in the soils range from below detection (<0.5ppb) to 2,203ppb with 50 samples assaying greater than 100ppb. The gold in soil anomalies tend to be associated with interpreted structures, including the Appleton Fault zone, Dog Bay line and splays or cross faults to these major crustal structures. Four northeast - southwest trending anomalies with gold values up to 898ppb and 11 samples with more than 100ppb occur adjacent to the Appleton fault zone over a combined distance of 2.1km. These anomalies are coincident with a shear zone in slate that appears to extend over approximately 2.5km based on field observations to date. The slate is carbonate altered in places and contains abundant quartz veining with local sericite alteration. Extensive sampling is currently underway along the shear zone. Several other significant gold in soil anomalies occur on the three grids including a 532m northeast trending anomaly adjacent to the Dog Bay line with gold values from 24ppb up to 339ppb. The highest gold value of 2,203 ppb occurs within a 390m east-west trending anomaly that also includes samples with 142, 241 and 311ppb Au. This anomaly is close to the Cracker gold showing where historical grab samples resulted in assays from 1.8g/t to 61.73g/t Au. The Kingsway gold project covers 77 square kilometres of highly prospective ground in the Gander gold district of Newfoundland in Eastern Canada. The project is located immediately adjacent to New Found Gold’s Queensway project and just 2.5 kilometres along strike to the northeast of their recent discovery of 41.2 g/t gold over 4.75 metres at the Lotto Zone (Note that mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). Most importantly, a recent structural interpretation of the district indicates the project covers approximately 22 kilometres of strike length of crustal scale faults, including the Dog Bay Line and Appleton Fault zone. The Appleton Fault Zone is known to be closely associated with many of the gold occurrences on New Found Gold’s Queensway project. As such, LabGold is the only other company in the district with ground covering this major crustal structure with a demonstrated association with gold mineralization. Their recent soil sampling, as well as prior exploration in the area covered by the Kingsway project, has shown significant gold anomalies along the Appleton fault zone suggesting it remains a fertile structure for associated gold. Samples were shipped to Eastern Analytical Laboratory in Springdale, Newfoundland, for sample preparation, with analyses completed at the Vancouver laboratory of Bureau Veritas. Samples were analyzed for gold and another 36 elements by ICP-MS (inductively coupled plasma-mass spectrometry) following an aqua regia digestion. The company submitted blanks, field duplicates and certified reference standards with batches of samples to monitor the quality of the analyses. The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property. Announcement • Oct 02
Labrador Gold Corp. Appoints Matthieu Lapointe as VP Exploration Labrador Gold Corp. announced the appointment of Matthieu (Matt) Lapointe as VP Exploration effective immediately. Mr. Lapointe, P.Geo. has over 15 years of greenfield and brownfield precious metal exploration throughout Canada and internationally. Most recently Mr. Lapointe was Chief Geologist for TMAC Resources. Announcement • Jun 30
Labrador Gold Corp. announced that it has received CAD 5.3 million in funding On June 26, 2020, Labrador Gold Corp. (TSXV:LAB) closed the transaction. The company issued 24,571,429 units for gross proceeds of CAD 4,300,000 in its final tranche. Each units is comprised of one flow through share and one non-flow through share purchase warrant, with each warrant exercisable to acquire a common share at CAD 0.30 until June 25, 2022. The company paid an aggregate of CAD 211,475.35 in cash compensation to PI Financial Corp. (as to CAD 139,807.50), Haywood Securities Inc. (as to CAD 7,574.99), Hampton Securities Limited (as to CAD 3,150), Mackie Research Capital Corporation (as to CAD 525) and Generic Capital Corporation (as to CAD 60,417.86). As additional compensation, the company issued 1,179,043 broker warrants to PI Financial Corp. (as to 798,900), Haywood Securities Inc. (as to 43,286), Hampton Securities Limited (as to 18,000), Mackie Research Capital Corporation (as to 3,000) and Generic Capital Corporation (as to 315,857). Each broker warrant is exercisable at CAD 0.175 until June 25, 2022 to acquire one common share. Insiders of the company subscribed for 2,106,858 units of the transaction. The common shares and unit warrants comprising the units and the broker warrants have a hold period expiring on October 26, 2020.