Labrador GOLD Announces Start of Trading ON OTCQX Under the Ticker Nkosf
NEWS RELEASE
August 26, 2020
LABRADOR GOLD ANNOUNCES START OF TRADING ON OTCQX UNDER THE TICKER NKOSF
TORONTO, ON, August 26, 2020 – Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or
the “Company”) is pleased to announce that its common shares have been accepted for trading on the OTCQX, a
U.S. stock market that is based in New York City and operated by OTC Markets Group. The shares will trade on
OTCQX under the ticker symbol NKOSF and commenced trading today, August 26, 2020.
“We are very pleased to begin trading on OTCQX and to continue our outreach into the U.S,” said Roger Moss,
President and CEO of the Company. “It will expand a new market and is part of LabGold’s ongoing effort to
increase awareness of the value of its flagship Kingsway gold project and increase liquidity in the trading of its
shares. The Company is fully funded for an aggressive exploration program that recently commenced on our
Kingsway Project in the Gander Gold District of Newfoundland. We look forward to providing the market with
frequent updates as we rapidly advance the project to the drill stage this fall.“
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 4.5 kilometres along strike to the northeast of their recent discovery of 92.86 g/t
gold over 19 metres. (Note that mineralization hosted on adjacent or nearby properties is not necessarily
indicative of mineralization hosted on the Company’s property). Most importantly, the project covers 16
kilometres of strike length of the Appleton Fault zone which is associated with the recent discovery as well as
other gold occurrences in the district. As such, LabGold is the only company in the district, other than New
Found Gold, with ground covering this major crustal structure with a demonstrated association with gold
mineralization.
Prior gold 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. The Company has compiled
an extensive geochemical database that will allow it to efficiently target areas of potential gold mineralization
for follow up during its summer work program.
The Company has received approval for its exploration program which will consist of a large soil sampling
program of 10,000 samples and a ground magnetic-VLF-EM survey covering all three licenses comprising the
Kingsway Project. Results of the surveys, combined with geological mapping, will be used to delineate targets for
a fall drill program. See news release dated July 27, 2020 for further details of the planned exploration program.
Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.
The Company gratefully acknowledges the Newfoundland and Labr ador Ministry of Natural Resources’ Junior
Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.
About Labrador Gold
Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of
prospective gold projects in Eastern Canada.
In early March 2020, Labrador Gold acquired the option to earn a 100% interest in the Kingsway project in the
Gander area of Newfoundland. The property is along strike to the northeast of New Found Gold’s discovery of
92.86 g/t Au over 19.0 metres on their Queensway property. (Note that mineralization hosted on adjacent or
nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). In early July
2020, the Company signed an option agreement to acquire a third license to add to the property package which
now covers approximately 77 km 2. The three licenses comprising the Kingsway project cover approximately
16km of the Appleton fault zone which is associated with gold occurrences in the region, including the New
Found Gold discovery. Historical work over the area covered by the Kingsway licenses shows evidence of gold in
till, vegetation, soil, stream sediments, lake sediments and float. Infrastructure in the area is excellent located
just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water.
The Hopedale property covers much of the Hunt River and Florence Lake greenstone belts that stretch over 80
km. The belts are typical of greenstone belts around the world but have been underexplored by comparison.
Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3 kilometre
section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog
gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake
sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt
(see news release dated January 25 th 2018 for mor e details). Labrador Gold now controls approximately 57km
strike length of the Florence Lake Greenstone Belt.
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 2017 reconnaissance exploration program following up the lake sediment anomalies
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. The anomalies appear to be
broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional
scale (see news release dated January 18 th 2018). This suggests a possible structural control on the localization
of the gold anomalies. Historical work 30 km north on the Quebec side led to gold intersections of up to 2.23
grams per tonne (g/t) Au over 19.55 metres (n ot true width) (Source: IOS Services Geoscientifiques, 2012,
Exploration and geological reconnaissance work in the Goodwood River Area, Sheffor Project, Summer Field
Season 2011). Gold in both areas appears to be associated with similar rock types.
The Company has 91,584,175 common shares issued and outstanding and trades on the TSX Venture Exchange
under the symbol LAB.
For more information please contact:
Roger Moss, President and CEO Tel: 416-704-8291
Or visit our website at: www.labradorgold.com
@LabGoldCorp
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This news release contains forward -looking statements that involve
risks and uncertainties, which may cause actual results to differ materially from the statements made.
When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”,
“believe”, “estimate”, “expect” and similar expressions are intended to identify forward- looking
statements. Such statements reflect our current views with respect to future events and are subject to
risks and uncertainties. Many factors could cause our actual results to differ materially from the
statements made, including those factors discussed in filings made by us with the Canadian securities
regulatory authoritie s. Should one or more of these risks and uncertainties, such as actual results of
current exploration programs, the general risks associated with the mining industry, the price of gold and
other metals, currency and interest rate fluctuations, increased co mpetition and general economic and
market factors, occur or should assumptions underlying the forward looking statements prove incorrect,
actual results may vary materially from those described herein as intended, planned, anticipated, or
expected. We do n ot intend and do not assume any obligation to update these forward -looking
statements, except as required by law. Shareholders are cautioned not to put undue reliance on such
forward-looking statements.