RE:New Found Intersects 21.12 g/t Au Over 7.20mBetteryear2 wrote: New Found Gold Corp. (“New Found” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce assay results from 45 diamond drill holes designed to expand the high-grade gold mineralization at the Keats discovery located within a 9.45km segment of the +100km regional-scale Appleton Fault Zone (‘AFZ’) on the northern portion of Queensway project that New Found is targeting with a 400,000m drill campaign. The Queensway project comprises an approximately +1500km2 area with initial exploration focus in areas accessed via the Trans-Canada Highway approximately 15km west of Gander, Newfoundland.
https://www.businesswire.com/news/home/20220411005332/en/
More very exciting drill intersections. A few there look really good on first glance with Swan Zone like grades and widths. Still early days folks. Incredible gold system. They will find a lot more high grade gold between the Keats and Golden Joint in my opinion and south towards the TCH which is seeing more drilling in recent months. A lot of real estate in there being drill tested and of course north of the Lotto there is a lot of real estate along the Appleton Fault yet to be drilled. Further north there is the Big Dave prospect that could end up being another jewelry box but still too early to know for sure.
This news today won't have much affect on the share price in my opinion. Nothing earth shattering in there although lots of information to help guide NFG geologists going forward. They seem to be hitting gold wherever the drill. Finding more high grade gold and the price of gold keeps going up. What's not to like. Go NFG!!!