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KINGSWAY PROJECT
March, 2020
TSXV:LAB | www.labradorgold.com 2
Disclaimer
Kingsway Property[1] The Kingsway Property consists of two claim blocks Gander north with 154 claims and Gander South with 110 claims.
[2] Labrador Gold has the option to earn a 100% interest.
[3] Infrastructure is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water.
[4] The Gander South block is located approximately 4.5km northeast of the recent gold discovery by New Found Gold.
[5] Both claim blocks lie along the northeastern extension of the same structure on which the New Found Gold discovery occurs, covering approximately 14km of strike length.
[6] Significant gold anomalies in till, soil and vegetation occur on both blocks.
TSXV:LAB | www.labradorgold.com 3
Work to Date
[7] $1.34 million in exploration expenditures over the past four years.
[8] Over 1,758 till samples 3,724 vegetation samples 2,381 till XRF samples and 2,958 soil samples taken over a 45km by 15km area.
[9] The most prospective areas resulting from this work are covered by the Gander North and South claim blocks.
TSXV:LAB | www.labradorgold.com 4
[10] The New Found Gold discovery hole was drilled into the Keats gold showing and intersected 92.0 g/t Au over 19.0 metres.
[11] The Keats showing is one of several in the area associated with historical gold in soil anomalies.
[12] Keats and the other high grade (>5g/t) gold showings occur along the Appleton Fault Zone.
[13] The Fault zone continues northeast onto the Gander South claim block.
[14] It can also be traced on airborne geophysics through the Gander North block.
[15] This represents approximately 16km of the Appleton Fault Zone on the two claim blocks.
[16] Such major fault zones are known to be associated with orogenic gold deposits in Canada and elsewhere in the world.
Major Structures
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Appleton Fault Zone Extension
[17] Potential location of Appleton Fault Zone on Gander North block highlighted by resistivity high.
[18] Extrapolated through Gander South to link up with zone in south.
TSXV:LAB | www.labradorgold.com 6
[19] Results of geochemical surveys suggest good potential for gold deposits associated with the extension of the Appleton fault zone.
[20] Gold shows better alignment with Appleton extension in the south and antimony is better in the north.
[21] The north northeast trend of gold anomalies in vegetation on Gander South follows the same trend as the occurrences on the New Found Gold claims to the south.
Kingsway - Vegetation Sampling
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Kingsway - Till Sampling
[22] Au anomalies in till (>90th
Percentile) show an alignment along the Appleton extension on Gander South but more dispersed in north.
[23] Sb anomalies in till show better alignment in the north.
[24] Sb anomalies are useful to highlight structures.
TSXV:LAB | www.labradorgold.com 8
Kingsway - Soil Sampling
[25] Gold in soil shows a good northeast trend in Gander North.
[26] Not as many soil samples taken on Gander South, but still anomalous in both areas.
[27] Antimony anomalies show similar trend to gold in Gander north, but strongest anomalies occur in the north of the claim block.
[28] Antimony anomalies are lower in Gander South.
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Gander South Compilation
[29] Historical work on the Gander South property shows significant gold anomalies in both soil and till.
[30]Values up to 89g/t Au in till heavy mineral concentrates with several values greater than 10g/t Au.
[31] Soil anomalies to northwest of grid possibly indicate source of till anomalies.
TSXV:LAB | www.labradorgold.com 10
Kingsway – 2020 Program[32] Ground Mag-VLF-EM surveys on both claim blocks to identify prospective structures.
[33] Detailed soil sampling program over both claim blocks to check for gold anomalies associated with structures defined by Mag-VLF-EM.
[34] Soil sampling in the region has led to the discovery of many of the gold occurrences in the region.
[35] The association of gold in soil anomalies with structures interpreted from Mag/VLF-EM data would constitute targets for a first phase drill program.
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For More InformationRoger Moss, President and CEO +1-416-704-8291
E-mail: [email protected]
Website: www.labradorgold.com
@LabGoldCorp