Sunday, June 1, 2025

Latest

New Found Gold Hits 119.45 g/t Gold Over 2.40 Metres

New Found Gold (TSXV: NFG) this morning released further drill results from its ongoing exploration program at its flagship Queensway property in Newfoundland. The results this morning come from the Keats zone, the main discovery on the property to date.

Results released this morning consisted of a further 45 drill holes, which were focused on expanding the Keats zone as a whole. Presently, the zone is said to consist of 9.45 kilometres along the Appleton Fault Zone.

Highlights from this mornings results include:

  • NFGC-21-318: 16.03 g/t gold over 2.00 metres
  • NFGC-21-375: 119.45 g/t gold over 2.40 metres
  • NFGC-21-464: 21.12 g/t gold over 7.20 metres
  • NFGC-21-491: 79.81 g/t gold over 3.0 metres

Notably, the results pointed to yet another new zone being identified on the property. Reconnaissance drilling focused on a potential extension to the south of the Keats Main Zone intersected 7.85 g/t gold over 4.85 metres among other results, with further step out drilling hitting 2.58 g/t gold over 10.40 metres. The zone is presently being referred to as the 421 Zone.

“The strength of the mineralizing system along the Keats-Baseline Fault Zone is exceptional based on the extensive amount of veining, alteration, brittle deformation and high-grade gold mineralization. Drills are working aggressively to continue to extend the Keats Main high-grade domain down plunge which now extends a length of approximately 845m,” commented Melissa Render, VP Exploration for New Found.

The current drill program is said to now be 40% complete, with assays from 19,120 metres of drilling still waiting to be completed.

New Found Gold last traded at $7.57 on the TSX Venture.


The author has no securities or affiliations related to any organization mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

New Found Gold Completes Quality Control Review, No Issues Found

The results are in for New Found Gold’s (TSXV: NFG) review of its quality assurance...

Wednesday, February 23, 2022, 08:00:54 AM

New Found Gold Disappoints With Just 2.0 Million Ounces In Initial Resource Estimate

New Found Gold (TSXV: NFG) has released it’s much anticipated initial mineral resource estimate for...

Tuesday, March 25, 2025, 08:04:46 AM

New Found Gold Executives Exercise $5.25 Million Worth Of Options

New Found Gold (TSXV: NFG) this morning issued a release touting insider transactions for the...

Monday, January 4, 2021, 09:44:18 AM

New Found Gold Intersects 61.8 G/T Gold Over 13.7 Metres At Keats

New Found Gold Corp (TSXV: NFG) this morning released the drill results from three holes...

Tuesday, March 16, 2021, 08:19:52 AM

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