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.
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“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.
