Grouse zone expands of south with more high grade gold - The Grouse Zone is now the southernmost gold zone drilled at Queensway North. Measuring from Grouse north to the Everest Zone spans an impressive 6.1km of strike where high-grade gold mineralization has been identified through near-surface drilling, indicating that the gold mineralization footprint of the AFZ continues a full 2.7km south of Keats (Figures 1-4).
Melissa Render, VP of Exploration of New Found, stated: “Not only has this additional drilling greatly improved our understanding of the 421 Zone, and more specifically, the controls on the high-grade gold mineralization, it has also added to the list of high-grade results emanating from the highly prospective AFZ corridor. The 421 Zone is an important structure and continued exploration will aim to follow this fault eastward looking for additional interactions with gold-bearing fault zones. At the same time, we are also pleased to announce initial results from the first-ever drilling at the historic Grouse Zone, located a full 2.7km south of Keats. This small first-pass program has identified significant mineralization over 100m of strike starting at surface and is paired with multiple occurrences of visible gold. These results give us confidence that the AFZ gold mineralizing system extends well south of Keats. Only 30,000m of drilling has been conducted by New Found south of the highway, and this is an obvious area that we will be targeting for future exploration.”