– CANADA, Vancouver – Labrador Gold Corp. (TSX: LAB) today announced the appointment of Kai Hoffmann to the board of Directors.
“On behalf of the existing Directors, I welcome Kai to the Labrador Gold Board, and we look forward to working with him,” said Roger Moss, President and CEO. “His experience in marketing and capital markets will benefit the company as we anticipate another exciting year in Labrador.”
Mr. Hoffmann holds a Bachelor of Business Administration from the University of Bedfordshire in the UK and is a businessman with years of experience in the capital markets and commodities industry. He is the CEO of Soar Financial Group, consisting of a boutique merchant bank and corporate communications company, a publishing house, and Oreninc, a website that tracks financings for Canadian listed exploration and mining companies. He is a regular keynote speaker at leading industry conferences and events.
“I am excited to be joining Roger, Shawn and the Labrador Gold team. The coming months mark a pivotal time in the company’s development, and I am looking forward to not only support the team but also to help achieve the corporate goals,” commented Kai Hoffmann.
About Labrador Gold
Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in the Americas. In 2017 Labrador Gold signed a Letter of Intent under which the Company has the option to acquire 100% of the 896 square kilometer Ashuanipi property in northwest Labrador and the Hopedale property in eastern Labrador.
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-kilometer 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 kilometers along the southern section of the greenstone belt. 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 kilometer long by 2 to 6-kilometer wide north-south trend and over a 14 kilometer long by 2 to 4-kilometer 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. 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 Au over 19.55 meters. Gold in both areas appears to be associated with similar rock types.
For more information: https://www.labradorgold.com
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