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New Found Gold Intercepts 5.6 g/t Au Over 16.3M & 3.3 g/t Au Over 15M at Keats West
VANCOUVER, British Columbia--(BUSINESS WIRE)--New Found Gold Corp. (“New Found” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce the results
About this update from New Found Gold Corp
[{"type":"text","content":"VANCOUVER, British Columbia--(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)1 Au (g/t) Zone NFGC-22-894 65.00 82.75 17.75 1.41 Keats W NFGC-23-1197 67.70 84.00 16.30 5.57 Keats W Including 74.75 75.35 0.60 11.10 Including 77.40 78.65 1.25 25.70 Including 79.90 80.55 0.65 12.35 NFGC-23-1200 51.95 65.90 13.95 3.39 Keats W Including 62.80 63.70 0.90 12.10 NFGC-23-1209A 63.15 82.10 18.95 1.36 Keats W NFGC-23-1211 29.00 44.05 15.05 3.27 Keats W And 73.45 90.95 17.50 1.61 Table 1: Keats West Drilling Highlights 1Note host structures are interpreted to be shallowly dipping and true widths are generally estimated to be 70% to 95% 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 has a cumulative average thickness of 30m (Figures 1 – 5). Today’s highlight intervals continue to demonstrate excellent continuity of high-grade gold mineralization over considerable thicknesses as seen in NFGC-23-1197 grading 5.57 g/t Au over 16.30m and in NFGC-23-1211 g...