Labrador Gold (TSXV: LAB) announced today that it is staking additional 92 claims at the Hopedale project, located 30 kilometres southwest of the community of Hopedale in eastern Labrador, Canada.
In detail, the claims are situated at the northern end of the Florence Lake greenstone belt, which is adjacent to the Thurber Dog area where the company has reported grab samples up to 7.87 g/t gold and where known occurrences have assayed 3.97 g/t over 5 metres in channel samples.
In a press release, the firm said that the addition of the new claims increases the total strike length of the horizon prospective for gold mineralization to 50 kilometres, all of which is under its control.
“The Florence Lake belt is significantly underexplored for gold compared to greenstone belts elsewhere in the world, despite such belts being prolific hosts of gold mineralization. During 2017, soil and lake sediment sampling demonstrated the potential for gold mineralization along the entire length of the Florence Lake greenstone belt, with anomalous gold in soil samples found over an approximately 40-kilometre strike length,” management explained in the media statement.
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From:: Mining.com