Friday, May 30, 2025

Latest

New Found Gold Hits 70.65 g/t Gold Over 5.25 Metres At Golden Joint

New Found Gold (TSXV: NFG) this morning released further drill results from its ongoing exploration of its flagship Queensway project in Newfoundland. The latest results come from the Golden Joint Zone, one of the newer discoveries on the property.

Two highlight intervals were the focus of this mornings release, including hole NFGC-21-274. which intersected 33.10 g/t gold over 2.10 metres at a depth of 164.65 metres. Also highlight was hole NFGC-21-386, which hit 70.65 g/t gold over 5.25 metres at a depth of 424.75 metres.

The assay values returning are based upon weighted averages from whole core analysis that was conducted, following irregularities in the firms reporting found last year.

Hole 21-274 is significant for the company, as it marks the deepest intercept to date at the Golden Zone, increasing the zone to a depth of 112 metres. Strike of the zone has now been extended to 210 metres, and remains open in all directions. The zone itself is found between the Lotto and Keats zones.

The firm also indicated that it is 32% complete it’s 400,000 metre drill program being conducted across the property, with a total of 29,500 metres of assay results still pending.

New Found Gold last traded at $8.58 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

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

New Found Gold Hits 72 g/t Gold Over 9.7 Metres At New Discovery

New Found Gold (TSXV: NFG) has reportedly discovered yet another zone of mineralization at its...

Wednesday, March 1, 2023, 09:02:35 AM

Gold and Crypto Sent Soaring as Investors Seek Shelter From Inflation

With the Fed now contending with a complete collapse of its transitory narrative, gold and...

Thursday, November 11, 2021, 04:04:00 PM

Amex Intersects 79.22 G/T Gold Over 6.15 Metres At Perron Gold Property

Amex Exploration Inc. (TSXV: AMX) reported today the assays from its definition and expansion drilling...

Monday, June 28, 2021, 10:22:00 AM

Silver Bull Releases Maiden Resource For Beskauga Project

Silver Bull Resources (TSX: SVB) this morning released a maiden mineral resource estimate for its...

Thursday, January 28, 2021, 09:18:37 AM

Rick Rule: Gold Market Leadership Starts At The Top – The Daily Dive

Starting off the trading week on the Daily Dive is that of Rick Rule, senior...

Tuesday, February 16, 2021, 01:30:00 PM