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New Found Gold Intercepts 4.4 g/t Au Over 43m, Extends Strike Length at Keats West to 315m
VANCOUVER, British Columbia / Jul 19, 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 / Jul 19, 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 seven diamond drill holes that were completed as part of a drill program designed to test the newly discovered 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-22-10013 89.30 102.70 13.40 1.61 Keats W NFGC-22-10102 46.00 56.25 10.25 1.54 Keats W Including 55.75 56.25 0.50 10.70 And2 96.85 140.25 43.40 4.43 Including 96.85 98.00 1.15 25.83 Including 102.80 103.75 0.95 16.40 Including 111.00 111.50 0.50 10.50 Including 126.55 127.55 1.00 69.30 NFGC-22-10271 6.70 18.40 11.70 5.05 Keats W Including 15.80 17.05 1.25 13.79 Table 1: Keats West Drilling Highlights Note host structures are interpreted to be shallowly dipping and true widths are generally estimated to be 170% to 95% and 240% to 70% of reported intervals. 3True 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. 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. 5.05 g/t Au over 11.70m in NFGC-22-1027 occurs at surface and increases the total strike length of the Keats West zone to 315m, an increase of 65m. Keats West starts at surface with all intercepts drilled...