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New Found Gold Corp. announced promising assay results from three drill holes at the Keats Zone, part of its 200,000m drill program at the 100%-owned Queensway Project in Newfoundland. Notable findings include:
- NFGC-21-79: 7.9m at 22.7 g/t Au
- NFGC-21-90: 3.9m at 24.5 g/t Au
- NFGC-21-118: 13.7m at 61.8 g/t Au, with a peak of 565 g/t over 1m.
The results indicate a strong gold mineralizing system, with ongoing drilling aimed at further exploration.
New Found Gold Corp. announced promising partial assay results from its drilling at the Keats Zone, part of the 200,000m diamond drill program at the Queensway Project. Significant intervals of high-grade gold were found, notably in hole NFGC-21-80, which averaged 24.0g/t Au over 46m. Other holes, including NFGC-20-52 and NFGC-20-73, also reported multiple high-grade intercepts. The ongoing drilling aims to explore high-grade gold mineralization further along the Keats Baseline Fault and adjacent veins. Greg Matheson, COO, emphasized the strong potential for additional discoveries.
New Found Gold Corp. (TSXV: NFG, OTC: NFGFF) released positive assay results from the Keats Zone, expanding the known gold mineralization extent down plunge by 250m. In hole NFGC-21-104, intervals showed 29.1 g/t Au over 11.4m, with visible gold observed towards the hole's end. The ongoing 200,000m diamond drill program continues to reveal high-grade gold mineralization, indicating significant potential for further discoveries at the Queensway Project.
New Found Gold Corp. has announced significant drill results from the Lotto Zone as part of its ongoing 200,000 m drilling program at the 100% owned Queensway Project in Newfoundland. Notable highlights include an intercept from hole NFGC-21-100, which featured over 250 disseminated flakes of visible gold and high-grade intervals interpreted to occur in a network of secondary structures. The project is well-financed with approximately C$72M in working capital, and drilling will continue to explore additional high-grade zones. The company's drill program is expanding with more rigs on the project.
New Found Gold Corp. (NFGFF) announced promising assay results from its drilling at the Keats Zone, part of its 200,000 m diamond drill program at the Queensway Project in Newfoundland. Notable results include intervals of high-grade gold mineralization, with significant grades recorded in multiple drill holes, such as 28.4 g/t Au over 13.8 m. The mineralization trend appears to extend over a potential 260 m strike length, warranting further exploration. The company plans to double its drilling capacity, aiming to explore various high-grade zones along the project area.
New Found Gold Corp. (TSXV: NFG) has filed a Form 20-F with the SEC to list its shares on the NYSE American. This move aims to enhance trading access for US investors, improving liquidity and visibility. Collin Kettell, Executive Chairman, highlighted significant demand from US investors since the IPO. The company holds a 100% stake in the Queensway Project in Newfoundland and has C$62M in working capital to support its aggressive 200,000-meter drilling program that began in August 2020.