Business
New Found Gold Intercepts Significant High-Grade Intervals at K2, Expands Mineralized Footprint of Zone to 490M X 395M
VANCOUVER, British Columbia / Nov 29, 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 / Nov 29, 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 43 diamond drill holes that were completed as part of a drill program designed to expand on the recently discovered K2 Zone (May 10, 2023) located 725m north of Lotto and 2.2km north of Keats West on the west side of the highly prospective Appleton Fault Zone (“AFZ”). New Found’s district-scale Queensway Project comprises a 1,662km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador. K2 Highlights: Hole No. From (m) To (m) Interval (m) Au (g/t) Zone NFGC-22-9282 16.40 38.35 21.95 2.22 K2 Including 27.50 28.50 1.00 19.71 And1 46.45 58.00 11.55 1.92 NFGC-23-14261 29.05 51.00 21.95 1.77 K2 NFGC-23-15522 222.20 239.85 17.65 3.23 K2 Including 227.55 228.30 0.75 25.20 And2 246.10 256.55 10.45 1.60 And3 266.05 283.30 17.25 1.45 And3 288.15 295.60 7.45 1.55 NFGC-23-16261 28.30 39.05 10.75 5.28 K2 Including 37.65 39.05 1.40 30.88 NFGC-23-16282 190.55 200.75 10.20 1.86 K2 NFGC-23-16351 46.50 49.35 2.85 28.99 K2 Including 47.85 48.40 0.55 138.68 NFGC-23-16361 264.60 281.00 16.40 2.79 K2 Including 265.25 266.00 0.75 10.28 Including 270.70 271.50 0.80 10.18 NFGC-23-16631 53.50 63.65 10.15 1.77 K2 And1 98.60 101.00 2.40 22.24 Including 99.35 100.00 0.65 81.88 NFGC-23-17151 107.85 119.60 11.75 3.08 Including 111.70 112.45 0.75 19.76 NFGC-23-17331 35.30 47.65 12.35 5.58 K2 Including 35.30 36.20 0.90 19.95 Including 40.70 41.45 0.75 13.86 Including 46.75 47.65 0.90 29.47 NFGC-23-17441 30.30 50.10 19.80 1.41 NFGC-23-18683 16.35 18.80 2.45 40.02 K2 Including 17.00 17.75 0.75 127.83 Table 1: K2 Drilling Highlights Note that the host structures are interpreted to be steeply dipping and true widths are generally estimated to be 170% to 95%, 240% to 70%, and 310% to 40% 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 when above 200m vertical depth and 2m consecutive dilution when below 200m...