New Found Gold Corp. (TSXV: NFG) has intersected high-grade gold in one diamond drill hole designed to expand the high-grade gold mineralisation at the Golden Joint Zone, 1km north of the Keats Zone.
This hole was drilled as part of the company’s ongoing 400,000m diamond drill programme at its 100%-owned Queensway Project, located on the Trans-Canada Highway 15km west of Gander, Newfoundland.
- The interval of 98.13 g/t Au over 3.85m in NFGC-21-401 extends the high-grade gold zone at Golden Joint to a vertical depth of approximately 305m, extending the zone’s vertical depth approximately 20m below the previously reported deepest intercept of 70.65 g/t Au over 5.25m in NFGC-21-386.
- The Golden Joint Zone remains open in all directions with additional results pending along approximately 250m of strike and to approximately 340m of depth. Drilling is continuing with the objective of expanding this high-grade zone along strike and to depth.
“Assay results received to date at Golden Joint indicate a vertically plunging high-grade gold domain within a broad NW striking vein filled fault zone adjacent to the Appleton Fault Zone,” said Melissa Render, VP of Exploration.
“Additionally, drilling continues to expand a conjugate, NE striking shallower high-grade system located to the east of Golden Joint.
“Similar to the more advanced discoveries at Keats and Lotto, drilling at Golden Joint continues to demonstrate the presence of high-grade gold in a style of veining and mineralisation consistent with an epizonal model of gold emplacement. Good vertical continuity is developing on this target and the tenor of gold speaks to the strength of the mineralising system.
“We are excited to continue step out drilling targeting the expansion of this zone of high-grade gold mineralisation, as well as to explore for additional mineralised structures proximate to this exciting discovery.”
For further information please visit: https://newfoundgold.ca/