Labrador Gold Announces 2025 Exploration Programs for the 100% Owned Hopedale and Borden Lake Gold Projects

Core Viewpoint - Labrador Gold Corp. has approved its 2025 exploration programs for the Hopedale and Borden Lake gold projects, focusing on identifying and refining drill targets in these underexplored areas [1][8]. Hopedale Project - The Hopedale property spans a 43 km strike length of the Florence Lake greenstone belt, which has been underexplored compared to similar global greenstone belts [2][15]. - Recent exploration has identified 11 significant mineral occurrences, including five gold occurrences, three nickel occurrences, two copper-silver occurrences, and one zinc-copper occurrence [2]. - The 2025 program will concentrate on the Thurber gold trend, which includes four significant gold occurrences over a 3 km strike length, with plans for an induced polarization/resistivity survey to refine drill targets [3]. - Additional prospecting and mapping will be conducted over electromagnetic conductors identified in 2024, particularly at the Jasmine Zn-Cu and Misery North Ni-Cu occurrences [4]. Borden Lake Project - The Borden Lake project is located near Chapleau, Ontario, adjacent to the Borden gold mine, which is currently being acquired by Discovery Silver Corp. from Newmont Corporation [5][16]. - Past exploration has revealed two anomalous zones based on geochemistry, with one zone extending over 1.3 km and another over 1 km, alongside chargeability anomalies identified through IP/resistivity surveys [6][16]. - The 2025 exploration will include prospecting and a biogeochemical survey covering approximately 27 line kilometers in the northernmost part of the property, utilizing biogeochemistry due to extensive glacial sand cover [7]. Project Acquisition Update - The company is actively seeking to acquire projects with significant resources, having reviewed over 40 Canadian-based projects and narrowed down potential candidates [8]. - With approximately $19.6 million in cash and marketable securities, the company is well-positioned to acquire and advance a significant project [8][14].