New Found Gold Hits 17.23 g/t Gold Over 22.90 Metres In Latest Drill Results

The Keats West zone at New Found Gold’s (TSXV: NFG) Queensway property continues to produce strong results from ongoing drilling. An additional five holes saw assays released this morning, with the zone a priority for the firm, having three drills dedicated to the region.

Highlights from results released this morning include:

  • NFGC-22-1040: 17.23 g/t gold over 22.90 metres from 63.30 metres
  • NFGC-22-1040: 12.00 g/t gold over 18.40 metres from 69.65 metres
  • NFGC-23-1155: 1.53 g/t gold over 34.75 metres from 55.55 metres

Despite success seen at the zone, three out of the five holes released this morning notably had no significant values reported. The zone has now had strike defined over a length of 250 metres, and to a depth of 305 metres down dip, with an average thickness of 30 metres.

READ: New Found Gold Hits 22.50 Metres Of 10 g/t Gold At Keats West

“In addition to Keats West drilling, systematic grid drilling designed to test for the array of gold-bearing structural orientations that have been observed west of the AFZ is ongoing, sweeping initially an approximately 200m wide prospective corridor on the west side of the AFZ. Three drills have been dedicated to this program and we are anxious to see what this exploration work uncovers,” commented Melissa Render, VP of Exploration.

New Found Gold last traded at $6.18 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