New Found Gold (TSXV: NFG) this morning released partial drill results from four drill holes at the Keats zone, along with results from initial drilling at the firms Little-Powerline Zone. Highlight results from the release this morning include the company hitting 22.5 g/t gold over 10.4 meters, along with 31.4 g/t gold over 15.9 metres within a 50 meter step-out drill.
The step out drilling was conducted to the north of the original discovery hole, with mineralization being found at depths beginning at just 11.7 metres within the highlighted hole, NFGC-20-41. Partial results from three other drill holes reported by the company can be found below.
| From (m) | To (m) | Interval (m) | Gold Grade (g/t) | |
| NFGC-20-41 | 11.7 | 22.1 | 10.4 | 22.5 |
| and | 45.0 | 60.9 | 15.9 | 31.4 |
| NFGC-20-43 | 119.8 | 138.0 | 18.2 | 10.0 |
| including | 122.3 | 130.0 | 7.7 | 20.7 |
| NFGC-20-33 | 151.9 | 156.0 | 4.0 | 2.59 |
| NFGC-20-36 | 96.4 | 105.3 | 8.9 | 5.16 |
Results from the Little-Powerline Zone were much less exciting when compared to other results released by the company previously, with the highlight value being 1.28 g/t gold over 17.2 metres that came from hole NFGC-20-11. The zone is located on the west side of the Appleton Fault, roughly one kilometre northwest of the firms flagship Keats Zone.
| From (m) | To (m) | Interval (m) | Gold Grade (g/t) | Silver Grade (g/t) | |
| NFGC-20-11 | 21.3 | 38.5 | 17.2 | 1.28 | |
| NFGC-20-12 | 16.9 | 26.5 | 9.6 | 2.61 | |
| including | 23.2 | 25.5 | 2.3 | 7.75 | |
| NFGC-20-14 | 11.0 | 13.0 | 2.0 | 253.8 | |
| and | 57.0 | 58.0 | 1.0 | 94.9 |
New Found Gold last traded at $4.11 on the TSX Venture.
Sponsored · Altamira Gold Corp.
Information for this briefing was found via Sedar and New Found Gold. 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.
