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New Found Provides Exploration Update and Provides 3D Modelling of Keats-Lotto Trend
New Found Provides Exploration Update and Provides 3D Modelling of Keats-Lotto Trend ...
About this update from New Found Gold Corp
[{"type":"text","content":"\n \n \n \n New Found Provides Exploration Update and Provides 3D Modelling of Keats-Lotto Trend\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Aug. 12, 2021\n \n /CNW/ -\n \n New Found Gold Corp.\n \n (\"\n \n New Found\n \n \" or the \"\n \n Company\n \n \") (TSXV: NFG) (OTC: NFGFF) is pleased to provide an update on its 100%-owned Queensway Project (\"\n \n Queensway\n \n \"), located on the Trans-Canada Highway 15km west of\n \n Gander\n \n , Newfoundland.\n \n \n \n Highlights\n \n \n \n \n Nine drills are currently running on Queensway north, eight on the\n \n Appleton\n \n fault zone and one on the JBP fault zone. To date a total of 301 holes have been completed, totalling\n \n 75,025m\n \n or approximately 37.5% of the planned\n \n 200,000m\n \n drill program. Of this total, results have been received and reported for\n \n 34,398m\n \n with results for\n \n 40,627m\n \n still pending.\n \n \n \n \n At Keats three drills are continuing step out holes down plunge to the south and one drill is focused on mineralization and veining between the high-grade dilation zone and surface. Two drills are turning at the newly discovered Golden Joint, while one drill is continuing step-outs at Lotto.\n \n \n \n \n Drilling is now underway at Zone 36, a recently discovered grass roots target located on the west side of the Appleton Fault, approximately\n \n 700m\n \n north of Lotto (see Figure 1). The presence of vuggy quartz, antimony sulphosalts, and visible gold is suggestive that it has a similar epizonal style of mineralization to the Keats and Lotto zones. Limited surface sampling of the zone resulted in grab samples up to 47.0 g/t Au and channel samples up to 18.9g/t Au over\n \n 1.0m\n \n .\n \n \n \n \n One drill is sequentially testing multiple targets along the JBP fault zone approximately 5km to the east of the\n \n Appleton\n \n fault zone. Assays are pending from drilling at 1744, H-Pond, and Pocket Pond.\n \n \n \n \n Drill intervals including from Keats, Golden Joint and Lotto have been ...