New Found Gold Identifies Another New Zone At Queensway With 10.36 g/t Over 10.50 Metres Intersected

New Found Gold (TSXV: NFG) continues to have impressive success with its large drill program at the Queensway project near Gander, Newfoundland. The company this morning formally identified yet another gold zone on the property after another discovery was made.

The discovery was made after a six-hole program was completed on a region of the property being identified as Keats West. The program focused on the western side of the Appleton Fault Zone, the main structure that runs through the Queensway property.

Highlights from the results include:

  • NFGC-22-594: 2.52 g/t gold over 8.10 metres
  • NFGC-22-681: 17.87 g/t gold over 4.20 metres
  • NFGC-22-686: 10.36 g/t gold over 10.50 metres

The two large intercepts made under the six hole program are said to be spaced approximately 50 metres apart along strike, with the zone currently known to extend for a strike of at least 120 metres and a depth of 100 metres. The discovery is said to open a 9.45 kilometre long target corridor on the west side of the Appleton Fault Zone.

“The ‘West Side Story’ plot thickens with the discovery of high-grade mineralization in a structure akin to the Keats-Baseline Fault and with similar epizonal characteristics seen elsewhere along the AFZ, particularly at Keats. Currently one drill is operating at Keats West which will be joined by a second drill shortly, and two more drills are now testing additional targets on the west side of the AFZ,” commented Melissa Render, VP of Exploration.

READ: New Found Gold Hits 152 g/t Gold Over 3.85 Metres

The company added that in addition to ongoing drilling at Keats West, additional drill holes from this region are already pending assays, with drilling focused on expanding the size of Keats West.

A reported 44,445 metres of drilling is still awaiting assays from the firms ongoing 400,000 metre program, which is now 66% complete. 14 rigs are currently carrying out the program.

New Found Gold last traded at $4.31 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.

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

New Found Gold Plans To Repurchase 0.6% Royalty Interests From Its Linear, JBP Linear Properties

New Found Gold Corp. (TSXV: NFG) reported this morning that it has entered into three...

Monday, November 15, 2021, 03:23:00 PM

New Found Gold Drills 150.28 g/t Gold Over 11.50 Metres At Lotto Zone

New Found Gold (TSXV: NFG) continues to report strong drill results from its Queensway Project...

Wednesday, June 23, 2021, 07:59:16 AM

New Found Gold Begins 12,000 Metre Drill Program At Keats Zone

New Found Gold (TSXV: NFG) this morning announced that it has begun its 12,000 metre...

Wednesday, September 9, 2020, 09:12:23 AM

New Found Gold Intersects 106.46 G/T Gold Over 9.15 Metres At Keats

New Found Gold (TSXV: NFG) has released drill results from ten additional holes that were...

Wednesday, April 7, 2021, 07:45:30 AM

New Found Gold, Palisades Gold Agree To $17 Million Settlement In ThreeD Capital Lawsuit

New Found Gold (TSXV: NFG) has finally settled litigation with that of ThreeD Capital (CSE:...

Thursday, June 6, 2024, 08:43:06 AM