Re:news
New Found drills 13.8 m of 28.4 g/t Au at Queensway
2021-02-11 08:14 ET - News Release
At Keats while mineralization remains open in all directions, the company has observed a clear trend in the highest grade material forming a zone with a shallow plunge to the south along the Keats baseline fault.
High-grade assay intervals received to date at Keats have correlated directly with the observation of significant visible gold in drill core. The company is utilizing the observation of visible gold in drill core as the primary method to guide step-out drilling at Queensway.
Assay results received from drilling to date have outlined an approximate 115 m strike length of a thick, high-grade zone of gold mineralization at Keats. Logging and interpretation of drill core in step out holes to the north and south of this 115 m interval have expanded the potential continuation of this zone to at least 260 m of strike. This target zone remains open in both directions along strike and to depth.
To the north the high-grade zone daylights at rock surface (under approximately 10 m of glacial till), where broad intervals of near-surface high-grade gold have previously been reported. Hole NFGC-20-41 for example was drilled in this area and returned two near-surface intervals: 22.5 g/t Au over 10.4 m and 31.4 g/t Au over 15.9 m, with the first interval starting at 11.7 m down hole (see the company's Jan. 11, 2021, news release).
New Found drills 11.4 m of 29.1 g/t Au at Queensway
2021-03-01 08:12 ET - News Release
New Found Gold Corp. has provided assay results from an interval drilled approximately 125 metres down plunge to the south of previously reported intervals at the Keats zone, doubling the known extent of the high-grade gold mineralization at Keats.