Saturday, August 2, 2025

Latest

New Found Gold Begins 12,000 Metre Drill Program At Keats Zone

New Found Gold (TSXV: NFG) this morning announced that it has begun its 12,000 metre drill program at the Keats Zone at the firms flagship Queensway Project in central Newfoundland. The program will follow the strong intercept of 19.0 metres of 92.9 g/t gold found in late 2019.

The drill program at Keats will be focused on drilling eight holes in a 10 metre by 10 metre grid pattern around the intercept found in 2019 as the company looks to determine the spatial trend of the mineralization. Step out holes will be drilled to a depth of 200 metres, with drilling anticipated to be completed shortly. Additional holes will then be drilled to test mineralization along 950 metres of strike to depths of 500 metres.

The drill program has also seen a second core drilling rig added to mix, with drilling beginning yesterday. The company has already completed the drilling of six holes at its Little/Powerline zone, with that rig now focused on the Lotto zone. A third drill is also to be added within the next several weeks.

The company is currently modeling the Keats zone as being similar to mineralization found at Kirkland Lake’s Fosterville mine, located in Australia. As a result, close spaced drilling is needed to be able to define the geometry of the gold mineralization, which New Found Gold has based its drill program on currently.

New Found Gold last traded at $2.08 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

Why Gold’s Bull Run May Just Be Getting Started! | Peter Grandich

Tariffs Spark New Race for Critical Metals | Rob McEwen

Antimony Resources: The Bald Hill Project

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

i-80 Gold Assays 48.6 Metres Of 7.54 G/T Gold At Granite Creek

i-80 Gold Corp. (TSX: IAU) reported this morning the assay results for the first phase...

Wednesday, December 8, 2021, 09:24:00 AM

Superior Gold Releases Further Drill Results For Plutonic Gold Mine

Superior Gold (TSXV: SGI) this morning announced further results from its underground drill program at...

Wednesday, June 24, 2020, 09:07:05 AM

Monarch Gold Conducts $7.0 Million Flow Through Financing

Monarch Gold Corp (TSX: MQR) announced this morning that it will be conducting a bought...

Tuesday, August 25, 2020, 08:15:29 AM

Switzerland Bans Gold Imports From Russia

Switzerland, one of the world’s leading gold refiners, banned the import of Russian gold, aligning...

Friday, August 5, 2022, 10:03:01 AM

Great Bear Intersects 10.1 G/T Gold Over 34.85 Metres In Latest Results At LP Fault

Great Bear Resources (TSXV: GBR) this morning released additional drill results from the ongoing drill...

Wednesday, January 20, 2021, 08:41:05 AM