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New Found Gold Intercepts 198 G/t Au Over 2M, Defines 410M X 395M Mineralized Footprint at K2 Zone
VANCOUVER, British Columbia / Aug 28, 2023 / 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 / Aug 28, 2023 / Business Wire / New Found Gold Corp. (“New Found” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce the results from 36 diamond drill holes that were completed as part of a drill program designed to expand on the recently discovered K2 Zone (May 10, 2023) located 725m north of Lotto and 2.2km north of Keats West on the west side of the highly prospective Appleton Fault Zone (“AFZ”). New Found’s district-scale Queensway Project comprises a 1,662km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador. K2 Highlights: Hole No. From (m) To (m) Interval (m) Au (g/t) Sb (%) Zone NFGC-22-9522 187.00 189.00 2.00 197.78 K2 Including 188.20 188.60 0.40 988.70 NFGC-22-10021 132.30 143.90 11.60 1.62 K2 NFGC-22-10131 202.95 209.00 6.05 6.47 <0.01 K2 Including 204.50 205.20 0.70 27.50 <0.01 NFGC-23-13031 22.35 35.30 12.95 4.50 0.95 K2 Including 23.20 24.35 1.15 21.12 1.12 Including 25.00 25.45 0.45 12.05 10.45 NFGC-23-13101 30.00 42.55 12.55 2.32 <0.01 K2 Including 40.85 41.60 0.75 10.10 <0.01 NFGC-23-13151 22.00 35.00 13.00 2.38 <0.01 K2 Including 34.30 35.00 0.70 10.75 <0.01 NFGC-23-13871 19.90 24.95 5.05 6.51 0.02 K2 Including 22.85 23.55 0.70 27.70 0.05 NFGC-23-13911 6.00 9.90 3.90 13.72 0.04 K2 Including 7.50 8.00 0.50 20.60 0.21 Including 8.50 9.90 1.40 26.93 0.02 Table 1: K2 Drilling 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% of reported intervals. 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. K2 Highlights: K2 is host to an impressive and complex system made up of multiple structures and cross...