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New Found Gold to Uncover Keats Zone in Surface Trench
VANCOUVER, British Columbia / Aug 16, 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 16, 2023 / Business Wire / New Found Gold Corp. (“New Found” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce the initiation of surface trenching at the Keats Zone at its Queensway Project. 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. Highlights: The Keats surface trenching program will focus on excavating between 3-9 metres of overburden that covers the projection of the Keats Main zone at the bedrock surface. This will expose 200m of strike over a 70m wide area, roughly corresponding to the known surface expression of the Keats Main zone (Figure 1). The trench will expose a window into the top of Keats that will aid in validating the geological and structural models as well as provide detailed insights into the geometry of Keats that can be projected to depth and improve understanding of other zones such as Iceberg. Excavation work is underway and it is estimated that the trench will take 45 days to complete, followed by a detailed geological mapping program that will extend for approximately one month. Keats Main starts 3m below surface at bedrock and has been drill defined over 1.1km of strike and to a depth of 400m. The shallow portion of Keats demonstrates robust grades over significant thicknesses, a hallmark characteristic of the zone. Previously released near surface highlight intervals from this area include: Hole No. From (m) To (m) Interval (m)1 Au (g/t) Zone NFGC-20-372 9.00 19.30 10.30 25.00 Keats Main NFGC-20-412 11.70 22.10 10.40 22.50 Keats Main Including 13.00 16.70 3.70 58.90 NFGC-20-561 25.60 57.90 32.30 6.18 Keats Main Including 25.60 31.00 5.40 15.70 NFGC-21-1201 9.65 21.70 12.05 12.65 Keats Main Including 9.65 13.25 3.60 35.76 NFGC-22-5931 8.80 17.00 8.20 9.12 Keats Main And1 20.50 32.25 11.75 42.59 Table 1: Keats Near Surface Drilling Highlights Note that the host structures are interpreted to be steeply 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 ...