New Found Gold Hits 124.4 G/T Gold Over 17.7 Metres

New Found Gold (TSXV: NFG) continues to intersect bonanza grade gold at the Keats Zone of its wholly owned Queensway Project in Newfoundland. The company this morning reported an intersection consisting of 124.4 g/t gold over 17.7 metres within one of the latest drill holes conducted at the property.

A total of four holes were released this morning from the ongoing drill program, where the company is currently focused on both infill and step out drilling at the zone. The highlight result reportedly came from the north end of Keats, with the result notably being the strongest result released to date at the zone.

Results released this morning include:

  • NFGC-20-59: 131.09 g/t gold over 4.65 metres from 38.65 metres; 124.44 g/t gold over 17.70 metres from 71.75 metres
  • NFGC-20-63: 1.33 g/t gold over 2.05 metres from 15.95 metres
  • NFGC-20-64: 2.77 g/t gold over 2.50 metres from 112.60 metres
  • NFGC-21-105B: 41.84 g/t gold over 2.0 metres from 256 metres

The highlight hole from this mornings release is said to provide further confirmation of “the substantial zone of near surface high-grade gold mineralization at the north end of Keats.” Results continue to indicate broad, near-surface, high-grade mineralization.

New Found Gold last traded at $7.12 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

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

Steadright To Conduct Multi-Phased Exploration At Historic Goundafa Polymetallic Mine

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Related News

BRICS Nations Accelerate Gold Purchases, Brazil Rejoins Buyers

Brazil’s central bank increased its gold reserves by about 16 metric tonnes in September 2025,...

Wednesday, October 15, 2025, 12:58:00 PM

Kinross Purchases 70% Stake In Peak Gold Project For $93.7 Million

Kinross Gold Corp (TSX: L) (NYSE: KGC) is expanding its operations in Alaska. The company...

Wednesday, September 30, 2020, 09:30:44 AM

Newlox Gold Sees Insiders Participate In $4.0 Million Financing

Newlox Gold Ventures (CSE: LUX) has closed the second and final round of its unsecured...

Saturday, January 2, 2021, 12:59:00 PM

Karora: Haywood Reiterates Ratings After Three Year Guidance Announcement

On June 28th, Karora Resources Inc. (TSX: KRR) announced its three-year production guidance, whereby they...

Wednesday, June 30, 2021, 04:53:00 PM

Spotlight Series: AUX Resources With CEO Ian Slater

Our latest guest to join us on The Deep Dive Spotlight Series is that of...

Thursday, August 6, 2020, 11:27:09 AM