New Found Gold Corp. (TSXV: NFG) has intersected more high-grade gold in six diamond drill holes that were completed as part of a programme designed to test the west side of the highly prospective Appleton Fault Zone (AFZ) adjacent to the Keats Zone.
New Found’s 100%-owned Queensway project comprises a 1500 sq. km area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador.
Highlights:
- A new, near-surface high-grade gold discovery called “Keats West” has been made west of the AFZ, with intercepts including 17.87 g/t Au over 4.20m in NFGC-22-681 and 10.36 g/t Au over 10.50m in NFGC-22-686. These two intercepts are located approximately 50m apart along strike within an extensive brittle fault zone that has now been intersected over a strike length of approximately 120m and to a vertical depth of approximately 100m by the latest four holes. Based on current modelling, this new structure strikes to the northwest, dips moderately to the southwest, and is open in all directions.
- The discovery of high-grade gold west of the AFZ is a recent and exciting development, starting with the intercept of 8.70 g/t Au over 6.75m in NFGC-22-533, announced on May 4, 2022. Up to this point, drilling was focused entirely on the east side of the AFZ, which is host to Keats, Keats North, Golden Joint, and Lotto. This recent discovery of similar high-grade gold mineralization now opens up a new 9.45km target corridor along the west side of the AFZ at Queensway North.
- Keats West is located northwest of Keats and along strike of the recent discoveries made at Keats North. The intensity of veining and size of the structural zone found at Keats West displays similar characteristics to the epizonal-style veining found on the east side of the fault, particularly at Keats Main Zone. Several drillholes into this new zone are pending assays with ongoing drilling focused on expanding the Keats West Zone.
“The ‘West Side Story’ plot thickens with the discovery of high-grade mineralisation in a structure akin to the Keats-Baseline Fault and with similar epizonal characteristics seen elsewhere along the AFZ, particularly at Keats,” VP Exploration, Melissa Render, said.
“This gives us great encouragement that the stratigraphy on the west side of the Appleton Fault Zone, spanning +9.45km of strike on Queensway North, shares the same potential as the east.
“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. We are excited to move into a new territory with proven potential.”
For further information please visit: https://newfoundgold.ca/
