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New Found Gold Intercepts 5.81 g/t Au Over 30M at Keats West
VANCOUVER, British Columbia / Aug 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 / Aug 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 16 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-22-10431 7.20 26.60 19.40 2.49 Keats W NFGC-23-11102 19.65 31.00 11.35 3.23 NFGC-23-11491 31.25 43.30 12.05 1.06 Keats W And1 56.10 86.15 30.05 5.81 Including 56.10 56.85 0.75 23.94 Including 57.90 58.25 0.35 102.04 Including 61.80 63.30 1.50 19.29 Including 80.70 81.65 0.95 31.58 NFGC-23-11841 44.40 54.85 10.45 7.01 Keats W Including 46.00 48.20 2.20 14.85 Including 49.85 50.95 1.10 19.16 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. 5.81 g/t Au over 30.05m in NFGC-23-1149 occurs just 60m below surface and is 110m down-dip of previously reported 18.9 g/t Au over 15.95m in NFGC-22-773 (November 23, 2022) at Keats West. This interval is interpreted to be close to true width and adds to the growing list of broad intervals of gold mineralization at Keats West. 7.01 g/t Au over 10.45m in NFGC-23-1184 was intersected a further 130m down-dip from NFGC-23-1149. 2.49 g/t Au over 19.40m in NFGC-22-1043 and 3.23 g/t Au over 11.35m in NFGC-23-1110 occur...