VANCOUVER, British Columbia, Sept. 07, 2018 (GLOBE NEWSWIRE) -- Labrador Gold Corp. (TSX-V: LAB) (“Labrador Gold” or the “Company”) is pleased to announce that it is implementing an online marketing and awareness program through AGORACOM that includes a “CEO Verified” Discussion Forum. This forum will enable the Company to interact with both shareholders and the broader investment community in a fully moderated environment.
The Company will receive significant exposure through millions of content brand insertions on the AGORACOM network and extensive search engine marketing over the next 12 months. In addition, exclusive sponsorships of invaluable digital properties such as AGORACOM TV, the AGORACOM home page and the AGORACOM Twitter account will serve to significantly raise the brand awareness of the Company among small cap investors.
Roger Moss, CEO stated, "We are happy to have retained the services of Agoracom to expand our online presence and social media participation. I encourage our shareholders and other interested parties to read and participate in our CEO Verified Discussion Forum. "
The Labrador Gold Discussion Forum can be found at:
https://agoracom.com/ir/Labradorgold
Shares for Services Program
The Company intends to issue shares to AGORACOM in exchange for the online advertising, marketing and branding services (“Advertising Services”). Pursuant to the terms of the Agreement, the Company will be issuing a total fee of $50,000 (plus HST), to be paid as follows:
• $50,000 + HST to be paid via Shares For Services
- $10,000 + HST Shares For Services upon Commencement September 5, 2018 for initial set up of HUB, marketing materials and search engine programs.
- $10,000 + HST Shares For Services at end of Third Month November 5, 2018
- $10,000 + HST Shares For Services at end of Sixth Month February 5, 2019
- $10,000 + HST Shares For Services at end of Ninth Month May 5, 2019
- $10,000 + HST Shares For Services at end of Twelfth Month September 5, 2019
The number of Common Shares to be issued at the end of each period will be determined by using the closing price of the Common Shares of the Company on the TSX Venture Exchange (“TSXV”) on the first trading day following the end each period for which the Services were provided by AGORA.
The term of the Agreement is for 12 months effective September 5, 2018 and the Agreement is subject to TSXV approval.
About Labrador Gold:
Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in the Americas. In 2017 Labrador Gold signed a Letter of Intent under which the Company has the option to acquire 100% of the 896 square kilometre (km2) Ashuanipi property in northwest Labrador and the Nain (503 km2) and Hopedale (458 km2) properties in eastern Labrador.
The Hopedale property covers much of the Hunt River and Florence Lake greenstone belts that stretch over 80 km. The belts are typical of greenstone belts around the world but have been underexplored by comparison. Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3-kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt (see news release dated January 25th, 2018 for more details).
The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern-day exploration program. Results of the 2017 reconnaissance exploration program following up the lake sediment anomalies show gold anomalies in soils and lake sediments over a 15-kilometre-long by 2 to 6-kilometre-wide north-south trend and over a 14-kilometre-long by 2 to 4-kilometre-wide east-west trend. The anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale (see news release dated January 18th, 2018). This suggests a possible structural control on the localization of the gold anomalies. Historical work 30 km north on the Quebec side led to gold intersections of up to 2.23 grams per tonne (g/t) Au over 19.55 metres (not true width) (Source: IOS Services Geoscientifiques, 2012, Exploration and geological reconnaissance work in the Goodwood River Area, Sheffor Project, Summer Field Season 2011). Gold in both areas appears to be associated with similar rock types.
About AGORACOM
AGORACOM is the pioneer of online investor relations, online conferences and online branding services to North American small and mid-cap public companies, with more than 250 companies served. More than just lip service, AGORACOM achieved two very big milestones on January 22, 2017, surpassing 50 Million Visits from 7 Million investors on AGORACOM. The company also expect to surpass 500 Million page views later this year.
AGORACOM traffic ranks within the top 0.5% of all websites around the world. These traffic results are independently tracked and verified by Google analytics. AGORACOM traffic can be attributed to its strategy of maintaining the cleanest, moderated small-cap discussion as a result of implementing the first ever Investor Controlled Stock Discussion Forums.
The Company has 51,442,552 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.
For more information please contact:
Roger Moss, President and CEO Tel: 416-704-8291
Or visit our website at: www.labradorgold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.