New Found Gold Corp. (TSXV: NFG) has identified high-grade gold in results of its Chrysos PhotonAssay method test programme at the Queensway project in Newfoundland and Labrador, Canada.
In addition to assay results from 14 diamond drill holes completed as part of a programme designed to test the Keats Main Zone located along the highly prospective Appleton Fault Zone (AFZ).
Keats Drilling Highlights:
- The company is pleased to report high-grade intervals of 85.7 g/t Au over 5.65m and 13.4 g/t Au over 9.05m in NFGC-22-705 and 56.8 g/t Au over 2.15m in NFGC-22-672 from drilling at the Keats Main Zone that was designed to expand on mineralization hosted within the Keats-Baseline Fault Zone (KBFZ) and to target specific high-grade gold vein orientations and vein intersections not previously well-tested. These holes were drilled at a low angle to the KBFZ to target the less well-constrained vein orientations and to identify new veins hosted within it.
Chrysos PhotonAssay Highlights:
- Following detailed testwork and a quality control programme, the company and its consultants have found the Chrysos PhotonAssay (photon assay) method to be an appropriate technique for determining gold content in Queensway Project samples. Over the past several months, the Company tested hundreds of samples in the low, mid, and high-grade range, comparing the results of the photon assay method to traditional fire assay, and found a very strong correspondence of the results.
- Moving forward, the company will use the photon assay method at MSALABS’ (MSA”) Val-d’Or facility as well as ALS Minerals’ Vancouver laboratory for traditional fire assay and screen fire determination, to ensure the most efficient turnaround times on assays. The ongoing quality control (QC) programme will include analysis of some samples by both methods to monitor accuracy.
- Mineralization reported today provided the photon assay test programme with the ultra-high-grade (+100 g/t) gold material that is often found in the Keats Main Zone and provided an important component of the QAQC test work programme.
“Today’s results are impressive and continue to outline high-grade gold mineralization that can be found in multiple orientations at Keats,” Melissa Render, VP exploration for New Found, said.
“We are also excited to debut the use of the Chrysos PhotonAssay method following several months of testwork, clearing the way for New Found to begin shipping a steady flow of material to MSALABS for assaying. The photon assay method is efficient, non-destructive, cost effective, and environmentally friendly.
“These are important attributes that we strive to incorporate into all aspects of exploration at New Found Gold and we are excited to partner with Chrysos and MSALABS to apply this technology at Queensway.”
“Prior to releasing photon assay results, New Found conducted a thorough evaluation of the
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