Labrador Gold Provides Update on Annual Meeting
April 20 2021 - 3:50PM
Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold”
or the “Company”) the Company scheduled its Annual General and
Special Meeting of Shareholders (the “
Annual
Meeting”) to be held at the offices of the Company at 82
Richmond St. E., Toronto, ON at 2 PM on Friday, April 23, 2021. As
a result of the recent stay at home order invoked by the Ontario
provincial government, the Company’s offices at 82 Richmond St. E.
have been closed. Registered shareholders or validly appointed
proxy holders will not be able to physically attend the Annual
Meeting. The notice of meeting dated March 11, 2021 (the
“
Notice of Meeting”) sets out the method by which
a shareholder can participate in the meeting by telephone. Although
voting will primarily be by proxy filed in advance, any registered
shareholder or validly appointed proxy holder that had intended to
attend the meeting in person to vote their shares or proxy will be
entitled to vote their shares or proxy at the Annual Meeting upon
confirmation that they are a registered shareholder or validly
appointed proxy holder.
The Company strongly urges any registered or beneficial
shareholders to vote their shares by completing and filing their
proxies or voting information forms in accordance with the terms of
those documents mailed to shareholders. The cut-off of time for
voting is 2 PM on Wednesday, April 21, 2021 as indicated in the
Notice of Meeting. The Company will ensure that no registered
shareholder otherwise entitled to vote at the Annual Meeting will
be prohibited from voting as a result of the extraordinary measures
being taken by the Ontario provincial government to deal with the
increasing number of COVID-19 cases especially in the City of
Toronto.
The meeting materials are available on the Company’s website at
www.labradorgold.com and on the Company’s profile at
www.sedar.com.
About Labrador GoldLabrador 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 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. 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 recently began a 10,000 metre diamond drill program
targeting high grade gold mineralization associated with the
visible gold showing at Big Vein. Following the closing of the
Financing the Company has approximately $20 million in working
capital.
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 25th 2018 for more
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 18th 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 (not 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 126,674,397 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
Twitter: @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 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 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.
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