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Newfoundland Discovery Uncovers Three Major Gold Anomalies at Rodger's Cove Project in Newfoundland
Toronto, Ontario--(Newsfile Corp. - March 28, 2023) - NEWFOUNDLAND DISCOVERY CORP. (CSE: NEWD) (OTC Pink: NEWDF) (FSE: M4K) ("Newfoundland Discovery" or "the Co
About this update from Newfoundland Discovery Corp
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - March 28, 2023) - NEWFOUNDLAND DISCOVERY CORP. (CSE: NEWD) (OTC Pink: NEWDF) (FSE: M4K) (\"Newfoundland Discovery\" or \"the Company\") is pleased to announce geochemistry soil sample assay results from Phase One exploration at its Rodger's Cove project (the \"Project\") in Newfoundland. The soil sampling program uncovered three highly anomalous geochemical gold clusters. Following these impressive results, the Company has quickly advanced to Phase Two of the programs which is currently underway. This phase includes further sampling, trenching, channel sampling, for which an excavator has already been mobilized. Promising Potential Unveiled in Central Gold Belt Discovery of three prominent gold anomalies at Rodger's Cove, indicating significant potential for high-grade gold mineralization. Anomaly A is coincident with the northern extension of a 1.5 km track of altered granite associated gold showings, with high-grade gold values of up to 1,780 ppb (1.780 g/t). Anomaly B is situated near historic gold occurrences and includes historical assays grading up to 14.56 g/t gold and 440 g/t silver. Anomaly C contains the highest soil sample value from Phase One, assaying 1,780 ppb Au (1.780 g/t), emphasizing the high-grade nature of the soil samples. The Rodger's Cove Project is located within the Central Newfoundland Gold Belt, straddling both the JBP Fault and the Appleton Fault, which are linked to high-grade gold discoveries in the region. Other notable high-grade gold discoveries in the area include New Found Gold's Queensway Project, Marathon Gold's Valentine Project, and Sokoman Mineral's Moosehead Project. Phase Two of the exploration program will focus on advanced exploration of the high-confidence multi-anomaly targets including trenching, channeling, and diamond drilling to further define and quantify the mineralized zones and their structural features. \"We are excited about the discovery of these three prominent gold anomalies at our Rodger's Cove Project in Central Newfoundland,\" stated CEO Jeremy Prinsen. \"These results significantly exceed the average gold-in-soil values typically encountered by junior exploration companies, indicating a remarkable potential for high-grade gold mineralization on our project. Our team is eager, and already back onsite, to advance our exploration pro...