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New Found Gold (NFG.V NFGC 5QG.F) announced the results from five diamond drill holes completed as part of a step-out program at the Dropkick Zone.
Dropkick is located at the recently acquired Kingsway property that now forms the most northern extent of the Queensway Project and is on trend with discoveries made further south along the Appleton Fault Zone. New Found's 100%-owned Queensway Project comprises a 1,756 km2 area, accessible via the Trans-Canada Highway, 15 kilometres west of Gander, Newfoundland and Labrador. Intervals of 89.5 grams per tonne gold over 5.85 metres in NFGC-24-2197 and 26.2 grams per tonne gold over 16.15 metres in NFGC-24-2193, spaced 25 metres apart, were intersected in a step-out program that has expanded the historic Dropkick Zone 75 metres along strike to the southwest. The Dropkick Zone is the most northern gold discovery found to date along the highly prospective AFZ. It is located 11 kilometres northeast of the primary discovery area that includes zones such as Keats, Iceberg and Keats West, indicating that the gold mineral system spans a considerable distance to the north. Situated on the west side of the AFZ, and trending parallel to it, the Dropkick Zone now spans a strike length of 535 metres. Gold mineralization starts at surface, extends to 200 metres vertical depth, and exhibits characteristics similar to the primary discovery area consisting of free coarse gold contained in fault-fill quartz veins hosted by an interbedded sequence of siltstones and sandstones.
These results are the first received from an initial phase of drilling with more results expected in the coming weeks.
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