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New Found Gold Intercepts 43 g/t Au Over 11.6m at Keats West
VANCOUVER, British Columbia / Dec 06, 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 / Dec 06, 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 16 diamond drill holes that were completed as part of a drill program designed to test the Keats West Zone, a low-angle thrust fault that dips gently to the south-southwest and is located on the west side of the highly prospective Appleton Fault Zone (“AFZ”). New Found’s 100%-owned Queensway project comprises a 1,662km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador. Keats West Highlights: Hole No. From (m) To (m) Interval (m) Au (g/t) Zone NFGC-22-9902 137.60 149.70 12.10 1.85 Keats W And4 155.30 164.50 9.20 2.86 Including 162.00 162.85 0.85 10.02 And4 173.00 184.60 11.60 42.75 Including 174.35 174.70 0.35 20.50 And including 175.70 180.95 5.25 93.05 NFGC-22-10202 81.90 97.10 15.20 1.58 Keats W And1 111.80 124.45 12.65 1.91 NFGC-22-10281 53.60 81.45 27.85 2.47 Keats W Including 64.05 65.65 1.60 15.84 And1 86.00 107.30 21.30 1.39 And1 166.80 169.50 2.70 66.00 Including 167.85 168.50 0.65 271.01 NFGC-23-17281 69.65 81.10 11.45 2.16 Keats W Table 1: Keats West 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. 4True widths are unknown at this time. 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. 42.8 g/t Au over 11.60m in NFGC-22-990 was intersected in a 27m step-out from previously reported 42.6 g/t Au over 32.00m in NFGC-22-960 (November 28, 2022), further defining one of the high-grade Keats West fault segments. 2.47 g/t Au over 27.85m, 1.39 g/t Au over 21.30m and 66.0 g/t Au over 2...