Announcement Date: 2022-04-26
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Labyrinth Resources Limited
Project name: Labyrinth
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 7.5m @ 7.01g/t Au from 213m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Labyrinth Resources (ASX: LRL) (‘Labyrinth’ or ‘the Company’) is pleased to announce strong first assays from drilling at its Labyrinth Gold Project in Quebec, Canada. The results, which come from the first seven holes of the maiden underground diamond drilling program, confirm the presence of significant broad widths of mineralisation supported by discrete high-grade veining in the targeted Boucher lode. Labyrinth Chief Executive Matt Nixon said: “These assays are an outstanding start to our maiden drilling program. “They are entirely consistent with our strategy to convert the existing 479,000oz foreign resource to a JORC estimate this year. “Importantly, the results support our view that the orebody hosts significantly wider mineralisation around the high-grade discrete veins, which in turn highlights the potential for more gold than previously estimated.
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