New Found Gold Assays 22.3 G/T Gold Over 41.35 Metres At Keats Zone

New Found Gold (TSXV: NFG) this morning released preliminary drill results from four drill holes conducted at the Keats Zone of the Queensway Gold project in Newfoundland. Highlights from the drill program includine 22.3 g/t gold over 41.35 metres, including an interval of 68.6 g/t gold over 11.35 metres from hole NFGC-20-23.

The assay data released this morning is part of an ongoing 100,000 metre drill campaign being conducted at New Found Gold’s flagship property. The four holes are part of a 3 hole by 3 hole pattern conducted around hole NFGC-19-01, which last year returned a value of 92.9 g/t gold over 19.0 metres. The pattern was conducted on a ten metre step out to establish the geometry and orientation of the vein that was hit.

Intervals of mineralization are said to have been hit at depths statting between 82.7 metres and 101.7 metres downhole. Four additional holes have been completed as part of the 10 metre step outs from the centre hole, with results sent for assays on a rushed basis. Further step out drilling was conducted fifty metres to both the north and south as well.

New Found Gold step out pattern at Keats Zone
HoleInterval (m) Gold Grade (g/t)Relative To Hole NFGC-19-01
NFGC-20-187.924.110 m north, 10 m above
NFGC-20-1918.8531.210 m north, same elevation
NFGC-20-23
including
including
41.35
21.25
11.35
22.3
39.8
68.6
10 m north and 10 m below
10 m north and 10 m below
10 m north and 10 m below
NFGC-20-2118.3515.810 m below

New Found Gold last traded at $3.28 on the TSX Venture.


Information for this briefing was found via Sedar and New Found Gold. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

First Majestic Posts Record Cash Flows In Q1 As Production Costs Fall

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project

Related News

K92 Mining Hits 5.5 G/T Gold Equivalent In New Vein System At Kainantu

K92 Mining (TSXV: KNT) this morning reported results from the first significant exploration undertaken on...

Thursday, September 3, 2020, 08:45:20 AM

Battle North Gold To Be Acquired By Evolution Mining For $343 Million

Consolidation within the Red Lake mining camp of Ontario continued last night, with the Sunday...

Monday, March 15, 2021, 07:28:26 AM

Maritime Resources Announces 40,000 Metre Drill Program At Hammerdown

Maritime Resources Corp. (TSXV: MAE) announced today that it has initiated a fully funded, expanded...

Wednesday, June 2, 2021, 09:32:04 AM

Mariner Completes Acquisition, Changes Name To Exploits Discovery

Mariner Resources (CSE: RNR) has completed the previously announced acquisition of Exploits Gold Corp as...

Friday, September 18, 2020, 09:28:06 AM

Falcon Gold Conducts Financing At Premium To Market Price

Falcon Gold (TSXV: FG) this afternoon announced that it will be conducting a financing for...

Tuesday, May 12, 2020, 02:28:06 PM