(Photo of mineralization from NFGC-21-195 approximately 285m down hole depth and Right: NFGC-21-202 approximately 146m down hole depth. Image via New Found Gold Corp.) We have waited three long years for this: St. Patrick’s Day is back, and so are all our favourite traditions.
For investors looking for that “pot o’ gold” to brighten up the portfolio,
New Found Gold (TSX-V: NFG, Forum) just released assay results from
51 diamond drill holes drilled as part of the company’s ongoing 400,000 metre diamond drill program at its Queensway Project, located 15 km west of Gander, Newfoundland.
These holes were designed to test for epizonal style high-grade gold mineralization along the JBP Fault Zone.
The company highlighted the fact that the JBPFZ consists of a network of NE-trending, steeply dipping, regional-scale, gold bearing shear zones that extend for +100km of strike parallel to and approximately 5km east of the Appleton Fault Zone. Reconnaissance diamond drilling completed to date has focused on a +3.5 km segment of the JBPFZ that encompasses the 1744 and Pocket Pond target areas.
Recent drilling intersected several near surface high-grade gold occurrences in the 1744 and Pocket Pond target areas. Highlights include the intercepts of 31.88 g/t Au over 2.05 metres in NFGC-21-180 and 25.40 g/t Au over 2.25 metres in NFGC-21-304 and are interpreted to be epizonal style high-grade gold mineralization.
