Extends High-Grade Zone To 465m Down-Plunge
New Found Gold Corp. (TSXV: NFG) (OTC: NFGFF) has receive positive assay results from an additional nine holes drilled at the Keats Zone at its 100%-owned Queensway Project.
These holes were drilled as part of the company’s ongoing 200,000m diamond drill programme at Queensway, which is located on the Trans-Canada Highway 15km west of Gander, Newfoundland.
Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional variability in true width.
• The interval of 21.4 g/t Au over 8.05m and 14.9 g/t Au over 12.9m in NFGC-21-204 is a 40m down-plunge step-out to the south from the previously furthest south high-grade intercept (hole NFGC-21-182, 146.2 g/t Au over 25.6m) and is the deepest assay interval returned to date at Keats,
• The high-grade zone at Keats has now been drill defined over 465m in the down-plunge direction. The zone remains open and step-out drilling is continuing to the south, vertically above and below this zone, and to the north.
“The two intervals in NFGC-21-204 of 21.4 g/t Au over 8.05m and 14.9 g/t Au over 12.9m in a further 40m step-out down plunge demonstrates that the zone of high-grade gold at Keats is continuing and remains open to depth,” COO, Greg Matheson, stated.
“The intervals in holes NFGC-21-94B, 141 and 165 provide further evidence of the continuity of the high-grade gold mineralisation at Keats. The style of mineralisation and spatial distribution of the high-grade gold continues to demonstrate features consistent with the emplacement of high-grade gold in an epizonal event.
“We now have four drills running at Keats continuing step-out drilling to the south as well as infilling the high-grade zone defined to date.”
For more information visit: https://newfoundgold.ca/
