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Labrador Gold Corp, formerly Nikos Explorations Ltd is a Canada-based mineral exploration company focused on the acquisition and exploration of prospective gold projects in the Americas. The Company aims its investments towards three properties: The Ashuanipi project, The Nain gold project and The Hopedale greenstone properties. The Ashuanipi gold project is located around 35km from the iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The Nain gold project comprises three claim blocks, two of which lie along the Nain-Churchill terrane boundary. The Hopedale greenstone properties cover much of the Hunt River and Florence Lake greenstone belts that stretch over 80km- "We are very pleased to receive the permits for our drilling program at the high-grade gold target at Big Vein and anticipate commencement of our first hole very soon given preparations are well underway," said Roger Moss, President and CEO of Labrador Gold. "With the continued success of New Found Gold's drilling at the Keats and Lotto zones along strike to the southwest, we are looking forward to seeing what Big Vein yields. This promises to be an exciting time for LabGold." LabGold has signed an agreement with Cabo Drilling (Pacific) Corp of Springdale, Newfoundland as the drilling contractor and they are standing by ready to mobilize. Preparations for the drill program are at an advanced stage and it is expected that drilling can begin in a timely manner.
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