Announcement Date: 2022-06-07
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Labyrinth Resources Limited
Project name: Labyrinth
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 3.65m @ 5.41g/t Au from 30m
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 more high-grade assays which further underpin the upcoming conversion of the 479,000oz1 foreign estimate to a maiden JORC Resource at its Labyrinth Gold Project in Quebec, Canada. Labyrinth Chief Executive Matt Nixon said: “Drilling continues to return outstanding results with both width and grade, giving us every confidence in the upcoming JORC Resource. “Importantly, we are intersecting high-grade gold in the five individual lodes as well as outside the currently modelled zones. Refer to ASX announcement 2 September 2021 (Initial Market Announcement) for foreign estimate information, JORC 2012 tables and competent person statement. The Company is not aware of any new information or data that materially affects the information included in the 2 September release. All material assumptions and technical parameters continue to apply and have not materially changed. The maiden underground diamond drilling program at Labyrinth Gold Project consists of ~5,000m across 17 holes targeting the known resource mineralisation over a strike of ~500m and to a depth of ~450m below surface
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