Wednesday, July 2, 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

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Gold Mountain Intersects 17.54 g/t Gold Over 1.10 Metres

Gold Mountain Mining (TSXV: GMTN) this morning released assay results from its phase two drill...

Tuesday, November 16, 2021, 07:52:17 AM

Russia Dramatically Increases Gold Purchases As Oil and Gas Revenue Surges

The Russian Finance Ministry has announced a substantial increase in its gold purchases starting September...

Saturday, September 7, 2024, 07:33:00 AM

Gold Prices Surge to Six-Month High, First-Ever Monthly Close Above $2,000

In a remarkable turn of events, the price of gold has surged to a six-month...

Friday, December 1, 2023, 10:31:00 AM

Freeman Gold Expands Lehmi Gold Project With 219 Additional Claims

Freeman Gold (CSE: FMAN) this morning announced that it staked an additional 219 claims at...

Thursday, June 11, 2020, 08:57:07 AM

US To Impose Sanctions On Russia’s Lower House, Block Gold-Related Transactions With Central Bank

The US is pushing up the ante on its sanctions against Russia related to the...

Thursday, March 24, 2022, 03:47:00 PM