New Found Gold Corp. (TSXV: NFG) continues to expand the Keats Zone at its 100%-owned Queensway Project in Newfoundland.
The company has received further high-grade assay results from 21 diamond drill holes targeting expansion of the Keats Zone and to test for additional high-grade gold mineralisation along the Appleton Fault Zone (AFZ).
These holes were drilled as part of the company’s ongoing 400,000m diamond drill programme at the Queensway Project.
Highlights:
- The interval of 62.30 g/t Au over 2.00m in NFGC-21-387 is interpreted to occur within the Keats Main Zone (hosted in the Keats baseline fault) and is located approximately 315m down-plunge from the previous furthest down-plunge high-grade intercept of 61.5g/t Au over 5.20m in hole NFGC-21-360. Ongoing drilling continues to test the continuity of high-grade gold mineralisation in the Keats Main Zone including over this 315m interval.
- The intercept of 8.79 g/t Au over 8.25m in NFGC-21-297 is located approximately 80m up-dip from two previously reported high-grade intervals of 21.36 g/t Au over 8.05m and 14.92 g/t Au over 12.85m in hole NFGC-21-204.
- Intercepts of 28.16 g/t Au over 5.55m in NFGC-21-263 and 43.78 g/t Au over 3.10m in NFGC-21-272 further define the extent of the high-grade gold mineralisation and confirm its continuity within the Keats Main Zone.
- The Keats Main Zone remains open in all directions and exploration will continue to target the expansion of high-grade gold mineralisation in this zone. Drilling at Keats will also continue to step-out on multiple additional high-grade gold intervals intercepted in additional vein sets at varying interpreted orientations including in the Keats footwall.
- NFGC-21-144 was drilled another approximately 400m south of NFGC-21-387 in an area named the Trans-Canada Highway Zone (TCH). This hole intersected a near surface fault zone containing gold-bearing quartz veins that returned intervals including 1.77 g/t Au over 3.10m and 1.72 g/t Au over 7.10m. These intervals displayed textures and mineralisation typical of high-grade gold mineralisation defined in other areas along this segment of the AFZ. Follow up drilling in this area will commence shortly.
“Keats has now delivered outstanding intervals of high-grade gold over +800m of strike and to 375m of vertical depth,” V.P. Exploration, Melissa Render, said.
“Drilling in the Keats baseline fault has focused on extending an interpreted thickened, south plunging dilation zone and on extension of this high-grade gold mineralisation from the dilation zone to surface.
“To date we have completed very limited drill testing below this dilation zone. The multiple additional high-grade gold intercepts in other structures outside of the Keats baseline fault is building increasing complexity in the interpreted host vein geometry at Keats. The strike and vertical extent of the high-grade gold mineralisation in these multiple vein sets is very encouraging in expanding the dimensions and envelope of the high-grade gold system at Keats.
“Big picture we continue systematic exploration drilling along the AFZ, continuing step out drilling at the Golden Joint and Lotto Zones along a +2.5 km trend. In parallel we continue to add to and drill test multiple targets along +20km of total strike on the Appleton and JBP fault zones on Queensway North. The intercepts in hole NFGC-21-144 south of the Trans-Canada Highway adds one more target to be pursued in our ongoing work.”
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