Should be Last Data for Keats TrenchReleased today..
Keats Trench Update:
In 2023, the Company completed (November 17, 2023) a surface trench of the Keats Zone, exposing 200m of strike length over a 150m wide area.
The Company is in the process of completing a high-density surface channel sampling program at the Keats zone trench that began in early May 2024 and is expected to be completed by mid-July 2024. This sampling program has been designed to systematically test the exposed 200m strike length of the Keats Zone along 7.5m spaced cut channel samples with approximately 1,650m of cut channel samples.
Greg Matheson, Chief Operating Officer of New Found, stated: " Trenching along a 200m strike length of the Keats Zone in late 2023 has yielded a great deal of geological information and significantly strengthened confidence in our sub surface 3-D models. Having the ability to observe large surface exposures of mineralization provides added confidence beyond what can be garnered from drilling alone, paving the way for more accurate modelling. We want to de-risk Iceberg in the same way by exposing the bedrock surface above the zone. Like Keats, Iceberg was blind, it does not outcrop at surface but rather exists under a thin layer of till cover.
"The ongoing systematic channel sampling program at Keats is expected to provide significant insights into the grade distribution across the vein network associated with the Keats-Baseline Fault where the vein model is now very well constrained as a result of having the trench exposure.
The process of mapping and systematic sampling across our key zones is an important step and one easily accomplished at Queensway since many of our mineralized zones extend to the bedrock surface with limited cover.
It is exciting to know we will have the first glimpse of Iceberg in a few weeks' time."