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New Found Gold Intercepts 6.7 g/t Au Over 24m at Keats West & Discovers New Vein Between Golden Joint and Keats North Intercepting 50.3 g/t Au Over 2.5m
VANCOUVER, British Columbia / Jan 24, 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 / Jan 24, 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 37 diamond drill holes that were completed as part of a program designed to follow up on newly discovered high-grade gold at Keats West located west of the highly prospective Appleton Fault Zone (“AFZ”) and from expansion drilling at Keats North. New Found’s 100%-owned Queensway project comprises a 1,650km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador. Keats West and Keats North Highlights: Hole Number From (m) To (m) Interval (m)1 Au (g/t) Zone NFGC-22-660 9.00 12.00 3.00 1.97 Keats W And 22.20 26.30 4.10 2.22 And 36.45 40.90 4.45 1.27 And 43.90 46.05 2.15 1.67 And 52.25 68.10 15.85 2.01 Including 67.45 68.10 0.65 11.30 NFGC-22-759 66.80 80.05 13.25 1.82 Keats W NFGC-22-784 13.40 37.40 24.00 6.68 Keats W Including 18.95 20.45 1.50 37.43 Including 20.85 21.55 0.70 14.90 Including 26.00 27.50 1.50 24.70 Including 36.45 37.40 0.95 12.75 NFGC-22-808 44.00 49.00 5.00 13.90 Keats W Including 44.00 45.80 1.80 23.40 Including 46.95 47.35 0.40 20.10 Including 47.70 48.35 0.65 12.05 And 55.00 62.00 7.00 2.01 NFGC-22-868 78.20 94.45 16.25 2.12 Keats W NFGC-22-992 17.50 24.15 6.65 2.85 Keats W And 27.00 29.00 2.00 1.44 And 32.00 39.20 7.20 1.98 NFGC-22-813 22.00 36.10 14.10 2.13 Keats N Including 22.55 23.60 1.05 15.67 NFGC-22-855 117.55 121.00 3.45 28.82 Keats N Including 117.55 118.65 1.10 85.85 And 376.40 378.40 2.00 1.12 NFGC-22-7662 206.85 209.30 2.45 50.30 Golden Joint And2 207.20 208.15 0.95 129.50 Table 1: Keats West and Keats North Drilling Highlights 1Note that the host structures are interpreted to be shallowly dipping and true widths are generally estimated to be 60% 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 2m consecutive dilution. Included high-grade intercepts are reported as any consecutive interval...