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New Found Gold Identifies New Fertile Gold Region 45 Km South of Current Queensway North Drill Targets
Vancouver, British Columbia--(Newsfile Corp. - August 27, 2020) - New Found Gold Corp.  ...
About this update from New Found Gold Corp
[{"type":"text","content":"New Found Gold Identifies New Fertile Gold Region 45 Km South of Current Queensway North Drill TargetsVancouver, British Columbia--(Newsfile Corp. - August 27, 2020) - New Found Gold Corp.  (TSXV: NFG) (\"New Found\" or the \"Company\") is pleased to announce that its 2020 infill gold-grains-in-till sampling program has defined a new discovery area named the Eastern Pond target on its Queensway South project (see Figure 1 for location).Highlights:The newly defined Eastern Pond target is comprised of two areas where recent till results have shown highly anomalous total gold grain counts including a high percentage of pristine gold grains, and yielded several sub-crop samples up to 15.0 g/t Au. Importantly, the Eastern Pond target constitutes a new fertile gold region centered along regional faults approximately 45 km south of the current Queensway North drill program area.Neither of the new till or sub-crop sample result areas correlate to any known gold in bedrock sources, and as such represent a true grassroot discovery.One till sample yielded 216 gold grains, 163 (75%) of them classified as pristine. A second cluster of samples yielded up to 155 gold grains with 127 (82%) of these classified as pristine. The pristine morphology of these grains indicates that they have not travelled far from their bedrock source (Averill 2001). To date the Eastern Pond target is defined by sub-crop and till sample results over an approximately 4 km of strike length (see Figures 1 and 2 below). Greg Matheson, Chief Operating Officer of New Found stated: \"This is a true grass roots find that greatly enhances the prospectivity of the large gold-in-till anomalies identified in 2018 over 60 km of strike on Queensway South. We will now trench the Eastern Pond target and plan to move a drill into the area this fall. Our 2020 field work continues on Queensway South and we look forward to further results from our ongoing infill sampling work on the other large gold-in-till anomalies defined by our regional sampling.\" Queensway South Field Work OverviewThe Queensway South project area extends 60 km south-west from Gander Lake and covers the projected Appleton and JBP fault structures, believed to be primary controls for gold mineralization on the Queensway Project (see Figure 1). These structures have been defined by high resolution magn...