New Found Gold Corp. (TSXV: NFG) has received strong results from five diamond drill holes completed as part of a drill program designed to expand on the newly discovered Keats West zone located on the west side of the highly prospective Appleton Fault Zone (AFZ). New Found’s wholly-owned Queensway project comprises a 1,662sq. km area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador.
At Keats West, recent drilling intersected 17.2g/t Au over 22.90m and 12.0g/t Au over 18.40m in NFGC-22-1040 starting at just 40m down-hole and located 90m down-dip of previously reported 42.6g/t Au over 32.00m in NFGC-22-960 and 45m up-dip of previously reported 10.1g/t Au over 22.50m in NFGC-22-945.
This result further demonstrates the excellent continuity of the high-grade gold mineralization at Keats West that can span a considerable thickness.
Gold mineralization at Keats West has been defined over a strike length of 250m and to 305m down-dip with an average thickness of 30m.
“The Keats West structure, a low-angle thrust fault that hosts a series of stacked gold-bearing quartz veins, remains open at depth and along strike, where ongoing drilling efforts are working both to extend and infill the zone,” VP of Exploration, Melissa Render, said:
“In addition to Keats West drilling, systematic grid drilling designed to test for the array of gold-bearing structural orientations that have been observed west of the AFZ is ongoing, sweeping initially an approximately 200m wide prospective corridor on the west side of the AFZ. Three drills have been dedicated to this programme and we are anxious to see what this exploration work uncovers.”
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