Experienced exploration team with success in finding gold deposits. Roger Moss CEO, was instrumental in discovering the multi-million ounce Navachab gold deposit; Shawn Ryan technical advisor, has 20 years of gold exploration experience resulting in the discovery of 7.5 million ounces of gold in three deposits in the Yukon.
Newfoundland and Labrador is an excellent jurisdiction ranking 9th on the Fraser Institute’s worldwide ranking of Investment attractiveness for the mining industry. It is politically stable and very supportive of exploration and mining. The Company’s Hopedale property covers much of the Archean Florence Lake greenstone belt that stretches over 60 km and is typical of greenstone belts around the world but has been significantly underexplored by comparison. Labgold’s work to date indicates significant potential for gold deposits, nickel deposits and zinc-lead copper deposits.