08:26 AM EDT, 10/24/2024 (MT Newswires) -- Labrador Gold ( NKOSF ) reported Thursday the results of the 2024 exploration program at its Hopedale project in Labrador.

The company said it identified 14 occurrences on the project reflecting multiple mineralization styles.

Results include 32.32 grams per tonne gold (g/t) and anomalous value of 0.81 g/t at the north end of the three-kilometer Thurber gold trend.

"The three-kilometer-long Thurber gold trend, with the potential to extend it an additional 1.5 km to the property boundary, is the most prospective area found to date," said Roger Moss, Labrador Gold's ( NKOSF ) president and CEO. "While work has continued at Hopedale, we are also reviewing advanced stage gold projects for potential acquisition and continue to narrow down potential candidates."

The company's share price rose 6.3% yesterday to $0.085 on the TSXV.