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.

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