New Found Gold Discovers Additional Gold Zone Following Sampling At Queensway

It appears that New Found Gold’s (TSXV: NFG) Queensway property in Newfoundland is simply swimming in gold. The company this morning announced that it has found yet another gold mineralization zone on the property.

The latest showing discovered, referred to as “Big Dave,” is located two kilometres north of the Lotto zone, and four kilometres north of Keats. The showing was discovered following field sampling that occurred in the area.

The new area was discovered via two field samples, which measured 1,131.2 g/t gold and 568.2 g/t gold, with the samples being the most northern mineralization found to date, and the first surface samples from this region of the Queensway property. The zone is also along the Appleton Fault, and shares a similar stratigraphic location as that of Keats and Lotto.

Drilling is now planned for the region in the fourth quarter, under the currently ongoing drill program.

New Found Gold last traded at $7.12 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. 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

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Silver47 Completes Property-Wide Geochemical, Rock Sampling Program At Adams Plateau, Identifies Numerous Targets

Altamira Gold Identifies Presence Of Second Mineralized Porphyry Body At Cajueiro

Related News

It’s Early Yet; Grading Discovery Hunters Pt. 2: Golden Lake Exploration

Part one of this series about early-stage, discovery-oriented company archetypes focused on Nexus Gold, and...

Thursday, August 13, 2020, 04:01:00 PM

Nevada King Hits 3.35 g/t Gold Over 67.1 Metres

Nevada King Gold (TSXV: NKG) this morning reported further drill results from its Atlanta Mine...

Thursday, January 20, 2022, 08:22:27 AM

Copper, Gold To See ‘Immediate Price Boost’ From Potential Rate Cuts

Analysts at Goldman Sachs are projecting potential interest rate cuts by the US Federal Reserve...

Thursday, February 22, 2024, 02:14:00 PM

Superior Gold Sees Production Improve To 17,603 Ounces In Q1 2021

Superior Gold (TSXV: SGI) this morning released production results for the first quarter of 2021,...

Monday, April 12, 2021, 07:43:58 AM

Prime Meridian Expands Landholdings In Red Lake Region

Prime Meridian Resources (TSXV: PMR) this morning continued its expansion within the Red Lake region...

Wednesday, September 8, 2021, 09:22:00 AM