Saturday, May 31, 2025

Latest

New Found Gold Releases Further Assays At Golden Joint Zone

New Found Gold (TSXV: NFG) this morning reported further drill results from its ongoing exploration program at its Queensway property. The latest results come from the Golden Joint zone, which lays between the Lotto and Keats zones on the property.

Results released this morning consist of assays from eight drill holes. Highlights from the results released this morning include:

  • NFGC-21-225: 64.94 g/t gold over 2.10 metres
  • NFGC-21-181: 18.04 g/t gold over 2.0 metres, and 20.70 g/t gold over 2.0 metres
  • NFGC-21-322: 25.78 g/t gold over 2.40 metres

Results released this morning are said to have expanded known mineralization to a depth of 235 metres vertically. Mineralization between both the Golden Joint Main Vein and Golden Joint Hanging Wall meanwhile has been defined over a 185 by 185 metre region.

Drilling is said to be continuing on the zone, with two rigs focused on further proving out both the Golden Joint and Golden Joint Hanging Wall zones on the property. The zones remain open in all directions.

A total of 48% of the 200,000 metre drill program is now said to be completed on the Queensway property.

New Found Gold last traded at $7.68 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

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

Agnico Eagle Posts US$966.3 Million In Revenue For Q2 2021

Agnico Eagle Mines Limited (TSX: AEM) released today its second quarter 2021 financial results, which...

Thursday, July 29, 2021, 11:52:00 AM

Is China Squeezing The Gold Market?

In response to recent trading price risks, the Shanghai Futures Exchange (SHFE) has implemented transaction...

Sunday, April 14, 2024, 11:25:00 AM

Great Atlantic Resources Closes $2.0 Million Financing, Sees Sprott Participate

Great Atlantic Resources Corp. (TSXV: GR) today reported that the company has closed its private...

Friday, June 11, 2021, 10:56:00 AM

Under Promise, Over Deliver in Gold Mining with Ryan King of Calibre Mining Corp

In this interview at the Precious Metals Summit 2024, Ryan King, SVP of Corporate Development...

Thursday, September 12, 2024, 12:49:00 PM

Gold Lion Resources Begins Drilling At Robber Gulch Gold Property

Gold Lion Resources (CSE: GL) has begun what it refers to as its inaugural drill...

Tuesday, December 8, 2020, 08:23:23 AM