Sunday, September 7, 2025

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.

Video Articles

Endeavour Silver Q2 Earnings: Growth Isn’t Always Pretty

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

Freeman Gold Conducts Bought Deal $6.5 Million Financing

Freeman Gold Corp (CSE: FMAN) this morning announced that it is conducting a bought deal...

Wednesday, June 24, 2020, 08:25:26 AM

West Red Lake Announces $1.5 Million Flow Through Financing

West Red Lake Gold Mines (CSE: RLG) this evening announced a financing for gross proceeds...

Monday, August 24, 2020, 04:37:14 PM

They Laughed at $3,000 Gold, Now We’re Headed for $4,000! | Sean Roosen – Osisko Development Corp.

In this conversation, Sean Roosen, CEO of Osisko Development Corp. (TSXV: ODV), talks about gold’s...

Sunday, July 20, 2025, 03:41:00 PM

GoldMining, Inc: Breaking the Gold Equity Value Trap

At the Rule Symposium of Natural Resource Investing in Boca Raton, Florida, Alastair Still, CEO...

Friday, July 12, 2024, 07:08:00 AM

Why Goldman Sachs Says Gold is the Best Investment Right Now

Goldman Sachs is advising investors to focus on gold as the best short-term investment opportunity,...

Sunday, September 8, 2024, 09:32:00 AM