New Found Gold Hits 61.50 g/t Gold Over 5.20 Metres At Keats

New Found Gold (TSXV: NFG) this morning reported further drill results from its massive ongoing program at its Queensway Project in Newfoundland. The firm has seen additional significant intercepts at Keats via step-out drilling.

The highlight hole today consists of an interval measuring 5.20 metres that hit 61.50 g/t gold, including 2.70 metres of 117.15 g/t gold within hole NFGC-21-360. Mineralization was intersected at a depth of 260.80 metres downhole from a 65 metre step-out hole.

Additional results released include:

  • NFGC-21-351: 63.92 g/t gold over 3.25 metres
  • NFGC-21-312: 17.59 g/t gold over 6.50 metres
  • NFGC-21-341: 22.20 g/t gold over 2.40 metres

The Keats Main Zone is now said to extend 530 metres down plunge, with the highlight hole released this morning increasing this by 65 metres. The overall footprint of Keats now measures 250 metres in width by 490 metres of strike, and 307 metres of vertical depth while remaining open in all directions.

The firm remains focused on expanding the high-grade gold system, with drilling remaining ongoing. The firm is working to expand mineralization at the Keats Main Zone to the south and up-dip of the core zone.

Drilling overall at Queensway is said to be 51% complete with respect to the planned 200,000 metre drill program, with 24,000 metres of core awaiting assays. Nine rigs are currently turning on site.

New Found Gold last traded at $8.88 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. 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.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

First Majestic Posts Record Cash Flows In Q1 As Production Costs Fall

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project

Related News

GoldSpot Discoveries To Conduct $10.0 Million Bought Deal Financing

GoldSpot Discoveries Corp. (TSXV: SPOT) announced this morning that it has entered into an agreement...

Tuesday, May 11, 2021, 07:49:14 AM

Kingman Minerals Reports Second Sampling Results For Rosebud Gold Mine

Kingman Minerals (TSXV: KGS) this morning announced the second sampling results from its Rosebud Mine,...

Tuesday, May 19, 2020, 09:19:34 AM

Trade Ideas: Inca One Gold

We recently interviewed Rick Rule on our live stream and Rick said something very profound....

Thursday, October 14, 2021, 01:30:00 PM

Western Copper and Gold Reports $2.3 Billion After Tax NPV For Casino Deposit

Western Copper and Gold Corporation (TSX: WRN) shared today the results of its preliminary economic...

Tuesday, June 22, 2021, 09:58:00 AM

Elevation Gold Sees Q3 2021 Revenue Decline To US$12.1 Million

Elevation Gold Corp. (TSXV: ELVT) announced on Friday its financial results for the quarter ending...

Monday, November 29, 2021, 11:33:00 AM