Labrador GOLD Files NI43-101 Technical Report FOR the Kingsway Project
NEWS RELEASE April 17, 2024
LABRADOR GOLD FILES NI43-101 TECHNICAL REPORT FOR THE KINGSWAY PROJECT
TORONTO, ON, April 17, 2024 – Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6)
(“LabGold” or the “Company”) is pleased to announce the completion and filing of an independent
technical report ("NI43- 101 Report") prepared in accordance with National Instrument 43- 101
– Standards of Disclosure for Mineral Projects (“NI 43-101”) on its 100% owned Kingsway Gold
Property located in Central Newfoundland. The technical report was completed by Tanya
Tettelaar, P.Geo, M.Sc. who meet s the requirements of an independent qualified person as
described in National Instrument 43-101 and the companion Policy 43-101CP.
The technical report, dated April 16, 2024 and with an effective date of March 14, 2024, titled "NI
43-101 Technical Report for the Kingsway Gold Project, Newfoundland and Labrador, Canada,"
can be viewed on Labrador Gold's website ( http://www.labradorgold.com) and has been filed
under the Company's profile on SEDAR+ (https://www.sedarplus.com/).
Qualified Person
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.
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.
Labrador Gold’s flagship property is the 100% owned Kingsway project in the Gander area of
Newfoundland. The four licenses comprising the Kingsway project cover approximately 12km of
the Appleton Fault Zone which is associated with numerous gold occurrences in the region.
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. LabGold’s drilling targeting high-grade
epizonal gold mineralization along the Appleton Fault Zone has outlined seven gold prospects to
date. The Company has approximately $6.5 million in working capital.
The 100% owned Hopedale 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. Work to date by Labrador Gold show gold anomalies in rocks, 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 s ediment samples occur
over approximately 40 km along the southern section of the greenstone belt. Labrador Gold now
controls approximately 40km strike length of the Florence Lake Greenstone Belt.
The Company has 170,009,979 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
X: @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 authorities. 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 competition and general economic and market fac tors, 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 not 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