New Found Gold Expands Golden Joint Zone To Surface With 66.16 g/t Gold Over 2.65 Metres Intercept

New Found Gold (TSXV: NFG) this morning is reporting the expansion of its Golden Joint zone to surface following the release of assays from 37 holes conducted at the zone. The Golden Joint zone is found at the firms flagship Queensway Project in Newfoundland.

Highlights from the results include:

  • NFGC-23-1123: 26.55 g/t gold over 2.15 metres from 150.55 metres
  • NFGC-23-1482: 66.16 g/t gold over 2.65 metres from 44.70 metres
  • NFGC-23-1535: 16.54 g/t gold over 7.40 metres from 116.50 metres
  • NFGC-23-1585: 67.48 g/t gold over 2.65 metres from 85.95 metres
  • NFGC-23-1597: 21.85 g/t gold over 2.15 metres from 170.05 metres

The Golden Joint zone, which consists of a high grade vein to the east of the Appleton Fault Zone, has been defined over a strike of 250 metres and to a depth of 385 metres from surface. The most recent results are said to have expanded the zone to surface following barge-supported drilling that occurred.

With this seasons program at the zone complete, future exploration is said to focus on expanding mineralization to depth after the completion of a 3D seismic program.

“We are pleased to report that our first barge-supported drill program went off without a hitch and allowed us to reach areas not previously accessible by land. Our geological model suggested that high-grade mineralization at Golden Joint would extend to surface and today’s results confirm this while demonstrating strong continuity of high-grade within this previously untested panel,” commented Melissa Render, VP of Exploration for New Found Gold.

New Found Gold last traded at $5.88 on the TSX Venture.


Information for this story was found via Sedar and the sources mentioned. The author has no securities or affiliations related to the organizations discussed. 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

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

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

Antimony Resources Drills 5.27% Sb Over 4.95 Metres In Latest Results

Nord Precious Metals Identifies 29 Veins At Castle East Following 3D Modeling

Related News

Exploits Discovery Identifies First High Priority Target Via GoldSpot AI Tech

Exploits Discovery Corp (CSE: NFLD) has identified its first high priority target as part of...

Thursday, January 14, 2021, 08:12:46 AM

New Found Gold Shares Jump On Seismic Survey Results at Queensway Project

New Found Gold Corp. (TSXV: NFG) has reported findings from its recent seismic survey conducted...

Monday, March 4, 2024, 08:01:00 AM

New Found Gold Sees Eric Sprott Invest $48 Million In Company

New Found Gold (TSXV: NFG) is raising money again. The company this morning announced that...

Thursday, October 21, 2021, 08:00:09 AM

New Found Gold To Deliver Maiden Resource, PEA In Q2 2025

New Found Gold (TSXV: NFG) is finally moving the development of its Queensway Project forward,...

Thursday, November 7, 2024, 07:39:49 AM

New Found Gold Expands Strike Of Iceberg Zone To 550 Metres

New Found Gold (TSXV: NFG) continues to prove-out a discovery it identified earlier this year...

Wednesday, May 31, 2023, 08:53:57 AM