Labyrinth Resources Logo

Labyrinth Resources: Developing an Underexplored Gold Asset in the Prolific Canadian Abitibi Gold Belt


Labyrinth Resources Limited (ASX: LRL) advances an underexplored gold asset located in the heart of the Abitibi Gold Belt. The Labyrinth Gold Project is located on the Abitibi Gold Belt in Quebec, a recognised tier-1 jurisdiction. However, the asset has not received significant exploration attention for over 15 years, creating tremendous blue sky potential. Labyrinth Resources has a solid management team with a record of consistent delivery of operational success throughout world-class mining assets.

The Labyrinth Gold Project has a 2010 foreign resource estimate of 479,000 ounces of gold at 7.1 g/t, which is only modelled to 250-400 meters in depth. Yet, the project has neighbours with deposits reaching over 2 kilometres in depth. Many of those neighbours are also sitting on multi-million-ounce deposits. Despite the proven presence of high-grade gold, only one single 400-meter hole has been drilled within the past 15 years by the asset’s previous owner. The project has a multi-million-ounce potential for Labyrinth Resources to fully realise. In 2022, Labyrinth received assays for the first three holes of the maiden surface exploration program at its flagship Labyrinth Gold Project. Assays revealed high-grade results which include 44g/t in LABS-22-01A and 20.53g/t in LABS-22-02 extending the Boucher lode by a significant 375m downdip. The company is working towards a new JORC-compliant resource estimate.

Labyrinth Project

Company Highlights

  • Labyrinth Resources is a junior minor exploration and development mining company with an underexplored gold asset on the Abitibi Gold Belt in Quebec.
  • Quebec is a globally-recognized tier-1 mining jurisdiction with strong government and community support.
  • The Labyrinth Gold Project has significant blue sky potential as it has not received meaningful exploration attention over the past 15 years.
  • The project has a 2010 foreign resource estimate of 479,000 ounces of gold at 7.1 g/t, and the company is working towards a current JORC-compliant estimate.
  • The company’s project is surrounded by prolific mining companies with multi-million-ounce gold deposits, with testing of the Labyrinth deposit barely scratching the surface in comparison to the deep nature of many Abitibi gold operations.
  • A management team with a proven track record of success in the natural resources industry adds value to the company. It creates confidence in its ability to capitalise on its project fully.

This Labyrinth Resources profile is part of a paid investor education campaign.*

Click here to connect with Labyrinth Resources Limited (ASX: LRL) to receive an Investor Presentation

LRL:AU
The Conversation (0)
Jeff Clark, gold and silver bars.

Jeff Clark: Gold Bull Market Running, These Stocks Getting Rewarded Now

Jeff Clark, founder of the Gold Advisor, shares his outlook for gold and silver.

However, he emphasizes that he's less concerned about prices and more interested in making sure his portfolio is prepared to weather global uncertainty.

Keep reading...Show less
Miramar Resources

High-Grade Gold Discovery in First 8 Mile Drill Hole

Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) is pleased to announce that the first RC drill hole at the 8 Mile target has intersected high-grade gold and ended in mineralisation.

Keep reading...Show less
Gold bars on stock chart background, showing rising market trend.

Rob McEwen: Gold to Go "Much Higher," Mining Stock Mania Not Here Yet

Rob McEwen, chairman and chief owner of McEwen Inc. (TSX:MUX,NYSE:MUX), outlines his gold price outlook as well as future plans for his company.

"If I look at history and the cycles gold has gone through, we have all the ingredients needed to drive it much higher," he told the Investing News Network.

Keep reading...Show less
Shane Williams, gold bars.

Gold to Hit US$4,000, Driver for Next Leg Up — West Red Lake's Shane Williams

Shane Williams, CEO, president and director at West Red Lake Gold Mines (TSXV:WRLG,OTCQB:WRLGF), shares his thoughts on gold's path to US$4,000 per ounce.

"It's established a base, and now as that new institutional money begins to move into gold, that's where I think we'll get that next leg up," he said.

Keep reading...Show less

Latest Press Releases

Related News

×