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New Found Gold Intercepts 5.16 g/t Au Over 28.65m & 4.02 g/t Au Over 14.65m at Keats West
VANCOUVER, British Columbia / May 17, 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 / May 17, 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 nine 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-23-11581 53.25 63.40 10.15 2.71 Keats W And1 70.80 83.65 12.85 1.71 NFGC-23-11621 88.75 105.80 17.05 2.55 Keats W Including 102.05 103.00 0.95 11.50 NFGC-23-11642 60.00 71.35 11.35 1.15 Keats W NFGC-23-11711 29.00 57.65 28.65 5.16 Keats W Including 37.20 38.45 1.25 11.43 Including 40.35 43.25 2.90 15.73 NFGC-23-11801 61.95 75.05 13.10 1.58 Keats W NFGC-23-11891 68.00 82.65 14.65 4.02 Keats W Including 72.00 72.60 0.60 14.55 Including 82.10 82.65 0.55 38.82 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. 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. Keats West is a shallow zone of gold mineralization starting at surface, with all intercepts drilled to date occurring above 130m vertical depth. It is defined by continuous gold mineralization over an area spanning 305m long x 250m wide that averages 30m in thickness (Figures 1 – 3). Today’s highlight intervals continue to demonstrate excellent continuity of high-grade gold mineralization over considerable thicknesses as seen in NFGC-23-1171 gradin...