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New Found Gold Intercepts 14.8 g/t Au Over 5m at Honeypot & 43.1 g/t Au Over 2m at Jackpot
VANCOUVER, British Columbia / Apr 17, 2024 / Business Wire / New Found Gold Corp. (“New Found” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announ
About this update from New Found Gold Corp
[{"type":"text","content":"VANCOUVER, British Columbia / Apr 17, 2024 / Business Wire / New Found Gold Corp. (“New Found” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce the results from 85 diamond drill holes that were completed as part of multiple drill programs designed to expand and follow up on high-grade gold mineralization across several discovery areas located on the east side of the highly prospective Appleton Fault Zone (“AFZ”) spanning a 3km corridor from Golden Joint to Everest. New Found’s 100%-owned Queensway project comprises a 1,665 km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador. Jackpot, Honeypot, and Everest Highlights: Hole No. From (m) To (m) Interval (m) Au (g/t) Zone NFGC-22-8961 227.85 241.60 13.75 1.24 Everest NFGC-23-14181 14.50 16.50 2.00 43.11 Jackpot Including 15.00 16.20 1.20 70.71 NFGC-23-16272 156.85 160.50 3.65 11.27 Jackpot Including 159.95 160.50 0.55 67.60 NFGC-23-16682 200.00 213.95 13.95 1.02 Jackpot NFGC-23-17962 79.80 90.70 10.90 2.24 Honeypot Including 80.35 80.90 0.55 25.60 NFGC-23-1806A1 57.70 62.20 4.50 7.25 Honeypot Including 57.70 58.60 0.90 12.05 Including 59.05 60.00 0.95 17.15 NFGC-23-18861 128.60 130.85 2.25 10.15 Honeypot Including 129.10 129.85 0.75 29.20 NFGC-23-19451 163.75 166.40 2.65 5.07 Honeypot Including 166.00 166.40 0.40 16.85 NFGC-24-20631 167.35 172.35 5.00 14.83 Honeypot Including 167.35 168.25 0.90 70.06 Table 1: Jackpot, Honeypot and Everest Highlights Note that the host structures are interpreted to be steeply dipping and true widths are generally estimated to be 170% to 95% and 240% to 70%. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional uncertainty in true width. Composite intervals reported carry a minimum weighted average of 1 g/t Au diluted over a minimum core length of 2m with a maximum of 4m consecutive dilution when above 200m vertical depth and 2m consecutive dilution when below 200m vertical depth. Included high-grade intercepts are reported as any consecutive interval with grades greater than 10 g/t Au. Grades have not been capped in the averaging and intervals are reported as drill thickness. At Honeypot, a new discovery initially announced on January 10, 2024, continued follow-up dr...