In this special video company update, I am joined by Roger Moss, President and CEO of Labrador Gold (TSX.V:LAB – OTCQX:NKOSF – FSE:2N6), and Ryan Weston, Vice President of Exploration. The team provides a deep dive into their recent strategic joint venture with Nemo Resources, focusing on the newly formed private entity, Elementary Minerals, and its flagship Watson Project in Northwestern Ontario.
Key Discussion Points:
- The Strategic Joint Venture: Roger Moss explains the formation of Elementary Minerals and the partnership with Nemo Resources. Labrador Gold holds an 80% interest in this new venture, combining technical expertise to explore the highly prospective Fort Hope Greenstone Belt.
- The Watson Project Opportunity: Ryan Weston outlines the geological significance of the project, located in the Uchi Domain—the same belt that hosts the legendary Red Lake and Pickle Lake camps. The project covers 127,000 hectares with no underlying royalties.
- Overcoming Geographical Hurdles: The team discusses why this area has remained under-explored. Despite the success of neighboring belts, the Watson Project has been hidden by cover, but new geophysical tools and techniques developed in the Ring of Fire are now being applied to unlock its potential.
- Exploration Roadmap for 2026/2027: The company is fast-tracking work with a significant airborne EM survey planned for this winter, followed by soil sampling in the summer. The goal is to define high-priority drill targets for a maiden drilling program by early 2027.
- Infrastructure and the Ring of Fire Road: A major catalyst for the project is the proposed Ring of Fire supply road, which is slated to pass directly through the property. This development is expected to significantly lower future exploration and operational costs.
Please email me with any questions for Roger or Ian. My email address is Fleck@kereport.com.
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