LABRADOR GOLD CORP
Newfoundland and Labrador, Canada
Labrador Gold: Geological Background
Labrador Gold (LAB · TSX-V) · Newfoundland & Labrador, Canada
Mariposa Project consists of 795 claims located ~120 km SE of Dawson City &is accessible by fixed-wing aircraft & winter road…
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Analysis by Bill Pearson, PhD, P.Geo
Updated Jul 30, 2026
Flagship Mariposa Project
- Mariposa Project consists of 795 claims located ~120 km SE of Dawson City &is accessible by fixed-wing aircraft & winter road.
- Property is 40 km southeast of White Gold’s White Gold Project (Indicated resources of 1.73 Moz Au & inferred resources of 1.27 Moz Au & 30 km ENE of Fuerte’s Coffee property (M&I resources 2.96 Moz Au & inferred resources of 0.8 Moz Au).
- Mariposa shows geological similarities to both the Golden Saddle (part of the White Gold Project) & Coffee deposits, including host lithology, style of gold mineralization and structural control.
- Past exploration on the property was largely completed between 2010 and2015, with only limited work since.
- Previous exploration outlined significant gold occurrences, delineated by over13,000 soil samples. The most significant of these are:
- Skookum Main: 0.6 by 1.1 km gold in soil anomaly with significant drill intercepts including 81.5m @ 1.51 g/t Au and 40m @0.93 g/t Au,
- Skookum West: 0.8 by 1.5km soil anomaly with anomalous values in Sb, Bi, Cu and Mo. Trenching returned 1.40g/t Au over 40 m, including 1.83g/t Au over 20m in SWTR12-11.
Mariposa Project Geology
- Coffee is considered an intrusive-related structurally controlled gold system, with some characteristics transitional between orogenic gold & reduced intrusion-related gold systems.
- Deposit is characterized by structurally controlled gold mineralization, oxidized near-surface ore, strong brittle fault control, & extensive alteration.
- Golden Saddle has broad zones of disseminated gold mineralization, relatively continuous mineralized envelopes, & near-surface geometry amenable to open-pit mining.
- Reference Figure 2
Mariposa Planned Exploration
- LabGold is currently planning a summer field program following the same systematic exploration approach that has been successful elsewhere in the area.
- The program is anticipated to consist of:
- airborne magnetic and radiometric surveying across the south of the property,
- LiDAR surveying across the entire property,
- grid soil sampling in the AlbertaCreek area and ridge and spur sampling in untested parts of the property.
- An application for a Class 1 permit to execute the planned work was submitted in early April.
- Reference Figure 3
Figure 1
Source: Labrador Gold
Project Locations
Figure 2
Source: Labrador Gold
Figure 3
Source: Labrador Gold
NEWS RELEASES
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Actual holdings will vary for each client or fund and there is no guarantee that a particular account will hold any or all of the securities discussed. All investing involves risk including risk of loss. Crescat target resource estimates (TSE) are based on internal modeling and geologic estimates, and include various assumptions based on analysis of geology, geophysics, geochemistry, historic drill assays, and metallurgical recovery data received to date. TSE are discounted based on drilling progress to date, an assessment of the management and technical team's strengths and weaknesses affecting their ability to advance the project, and environmental, local community, and government permitting risk factors. Estimates are displayed on a gold equivalent basis based on current price-to-gold ratios for silver, copper, and other metals if the primary metal is other than gold. Further drilling, assaying, resource modeling, and engineering studies will be required to determine whether Crescat's TSE can be reasonably expected to be achieved. Crescat's target resource estimates are updated monthly across the entire portfolio. Sources: Crescat Capital LLC, Bloomberg, Issuer. Expected profitability percentile is based on Crescat's geologic estimates of projected grades, recoveries, capex, and operational costs on the primary project compared to the universe of operating mines. This value does not project overall anticipated company profitability.