New Found Extends High-grade at Keats West to 305m Down Dip With 10.1 g/t Au Over 22.5m & Hits 80m Wide Gold Domain
New Found Gold Corp. (NFGC) announced positive drilling results from 11 diamond drill holes in the Keats West zone at its 100%-owned Queensway project in Newfoundland and Labrador. The drilling program aimed to expand on the newly discovered gold mineralization, revealing high-grade intervals including 10.1 g/t Au over 22.50m in NFGC-22-945. The mineralized footprint of Keats West has expanded to 200m wide and 305m down dip, with ongoing drilling to further define the gold continuity. VP Exploration Melissa Render expressed excitement over the continued success at Keats West, hinting at significant potential across the Appleton Fault Zone.
- High-grade gold intercepts reported, including 10.1 g/t Au over 22.50m in NFGC-22-945.
- Expansion of the mineralized footprint of Keats West to 200m wide by 305m down dip.
- Ongoing drilling suggests potential for additional gold mineralization across the Appleton Fault Zone.
- None.
Figure 1: Photos of mineralization from: Left: at ~39m in NFGC-22-989, Right: at ~103m in NFGC-22-865, ^Note that these photos are not intended to be representative of gold mineralization in NFGC-22-989 and NFGC-22-865. (Photo: Business Wire)
Keats West Highlights:
Hole No. |
From (m) |
To (m) |
Interval (m)1 |
Au (g/t) |
NFGC-22-833 |
11.00 |
22.40 |
11.40 |
3.25 |
And |
30.00 |
65.00 |
35.00 |
2.41 |
And |
74.00 |
91.35 |
17.35 |
1.61 |
Aggregate* |
11.00 |
91.35 |
79.75 |
1.94 |
NFGC-22-843 |
31.40 |
38.30 |
6.90 |
7.71 |
Including |
31.80 |
32.40 |
0.60 |
77.10 |
NFGC-22-865 |
101.10 |
104.65 |
3.55 |
61.76 |
Including |
102.70 |
103.40 |
0.70 |
301.09 |
NFGC-22-875 |
59.00 |
74.00 |
15.00 |
2.09 |
NFGC-22-922 |
52.00 |
54.00 |
2.00 |
8.13 |
Including |
53.00 |
54.00 |
1.00 |
14.30 |
And |
63.40 |
80.00 |
16.60 |
3.26 |
Including |
73.30 |
74.25 |
0.95 |
25.23 |
And |
128.70 |
150.00 |
21.30 |
4.32 |
Including |
133.45 |
134.20 |
0.75 |
14.40 |
Including |
139.55 |
140.50 |
0.95 |
10.25 |
Including |
143.55 |
144.25 |
0.70 |
23.90 |
NFGC-22-945 |
78.10 |
100.60 |
22.50 |
10.05 |
Including |
88.15 |
88.80 |
0.65 |
12.55 |
Including |
90.00 |
91.00 |
1.00 |
12.95 |
Including |
93.70 |
94.85 |
1.15 |
14.24 |
Including |
95.65 |
96.00 |
0.35 |
16.10 |
Including |
99.95 |
100.60 |
0.65 |
221.00 |
NFGC-22-989 |
9.70 |
39.10 |
29.40 |
2.53 |
Including |
30.00 |
30.35 |
0.35 |
46.90 |
Including |
38.75 |
39.10 |
0.35 |
84.00 |
Table 1: Keats West Drilling Highlights
1Note that the host structures are interpreted to be shallowly dipping and true widths are generally estimated to be
-
Today’s highlight interval of 10.1 g/t Au over 22.50m in NFGC-22-945 is a 305m step down dip from previously reported 18.9 g/t Au over 15.95m in NFGC-22-773 released
November 23, 2022 , and a 100m step down dip of previously reported 42.6 g/t Au over 32.00m in NFGC-22-960 releasedNovember 28, 2022 . This high-grade interval occurs just 65m from surface due to late faulting that has uplifted this portion of the Keats West structure and relocated it closer to surface (Figures 1- 5). -
The mineralized footprint of
Keats West now spans 200m wide x 305m down dip, averaging approximately 30m thick with broader domains spanning widths as great as 80m as seen in NFGC-22-833, which intersected multiple intervals of gold mineralization with grades ranging from 1.6-3.2 g/t Au. - Additional notable intercepts released today within the Keats West zone include 61.8 g/t Au over 3.55m in NFGC-22-865, 3.26 g/t Au over 16.60m, and 4.32 g/t Au over 21.30m in NFGC-22-922, and 2.53 g/t Au over 29.40m in NFGC-22-989.
- Step-out and infill drilling are ongoing at Keats West to expand on this new discovery and to better define the continuity of grade and the controls on the gold mineralization within the host fault.
Drillhole Details
Hole No. |
From (m) |
To (m) |
Interval (m)1 |
Au (g/t) |
NFGC-22-747 |
91.00 |
96.50 |
5.50 |
1.59 |
And |
106.35 |
110.00 |
3.65 |
1.15 |
And |
111.80 |
114.20 |
2.40 |
1.01 |
And |
165.05 |
168.25 |
3.20 |
1.17 |
NFGC-22-833 |
11.00 |
22.40 |
11.40 |
3.25 |
And |
30.00 |
65.00 |
35.00 |
2.41 |
And |
74.00 |
91.35 |
17.35 |
1.61 |
Aggregate* |
11.00 |
91.35 |
79.75 |
1.94 |
NFGC-22-843 |
7.44 |
13.25 |
5.81 |
1.33 |
And |
24.85 |
27.00 |
2.15 |
1.33 |
And |
31.40 |
38.30 |
6.90 |
7.71 |
Including |
31.80 |
32.40 |
0.60 |
77.10 |
And |
49.25 |
52.10 |
2.85 |
1.72 |
NFGC-22-848 |
9.80 |
12.15 |
2.35 |
1.50 |
And |
23.55 |
31.85 |
8.30 |
2.49 |
Including |
29.65 |
30.30 |
0.65 |
11.40 |
NFGC-22-848A |
22.55 |
30.90 |
8.35 |
1.64 |
And |
60.00 |
63.35 |
3.35 |
1.29 |
NFGC-22-865 |
30.00 |
32.45 |
2.45 |
1.29 |
And |
83.50 |
86.55 |
3.05 |
2.33 |
And |
92.90 |
95.25 |
2.35 |
1.14 |
And |
101.10 |
104.65 |
3.55 |
61.76 |
Including |
102.70 |
103.40 |
0.70 |
301.09 |
And |
110.75 |
113.35 |
2.60 |
1.53 |
NFGC-22-875 |
59.00 |
74.00 |
15.00 |
2.09 |
NFGC-22-922 |
52.00 |
54.00 |
2.00 |
8.13 |
Including |
53.00 |
54.00 |
1.00 |
14.30 |
And |
63.40 |
80.00 |
16.60 |
3.26 |
Including |
73.30 |
74.25 |
0.95 |
25.23 |
And |
128.70 |
150.00 |
21.30 |
4.32 |
Including |
133.45 |
134.20 |
0.75 |
14.40 |
Including |
139.55 |
140.50 |
0.95 |
10.25 |
Including |
143.55 |
144.25 |
0.70 |
23.90 |
NFGC-22-945 |
78.10 |
100.60 |
22.50 |
10.05 |
Including |
88.15 |
88.80 |
0.65 |
12.55 |
Including |
90.00 |
91.00 |
1.00 |
12.95 |
Including |
93.70 |
94.85 |
1.15 |
14.24 |
Including |
95.65 |
96.00 |
0.35 |
16.10 |
Including |
99.95 |
100.60 |
0.65 |
221.00 |
NFGC-22-949 |
55.70 |
58.50 |
2.80 |
1.38 |
NFGC-22-989 |
9.70 |
39.10 |
29.40 |
2.53 |
Including |
30.00 |
30.35 |
0.35 |
46.90 |
Including |
38.75 |
39.10 |
0.35 |
84.00 |
Table 2: Summary of composite results reported in this press release for
1Note that the host structures are interpreted to be shallowly dipping and true widths are generally estimated to be
Hole No. |
Azimuth (°) |
Dip (°) |
Length (m) |
UTM E |
UTM N |
NFGC-22-747 |
98 |
-45 |
176 |
658047 |
5427939 |
NFGC-22-833 |
120 |
-45.5 |
221 |
658033 |
5428032 |
NFGC-22-843 |
65 |
-52 |
200 |
658032 |
5428032 |
NFGC-22-848 |
120 |
-45 |
38 |
658014 |
5428101 |
NFGC-22-848A |
120 |
-45 |
338 |
658013 |
5428101 |
NFGC-22-865 |
127 |
-66 |
185 |
658046 |
5427939 |
NFGC-22-875 |
39 |
-52 |
335 |
658092 |
5427942 |
NFGC-22-922 |
37 |
-56 |
258 |
658003 |
5427818 |
NFGC-22-945 |
58 |
-47 |
237 |
657949 |
5427794 |
NFGC-22-949 |
10 |
-45 |
281 |
657774 |
5427763 |
NFGC-22-989 |
35 |
-45 |
84 |
658126 |
5428023 |
Table 3: Details of drill holes reported in this press release
Queensway 500,000m Drill Program Update
The Company is currently undertaking a 500,000m drill program at Queensway and approximately 54,900m of core is currently pending assay results.
Sampling, Sub-sampling, and Laboratory
True widths of the intercepts reported in this press release have yet to be determined but are estimated to be
All drilling recovers HQ core. Drill core is split in half using a diamond saw or a hydraulic splitter for rare intersections with incompetent core.
A geologist examines the drill core and marks out the intervals to be sampled and the cutting line. Sample lengths are mostly 1.0 meter and adjusted to respect lithological and/or mineralogical contacts and isolate narrow (<1.0m) veins or other structures that may yield higher grades.
Technicians saw the core along the defined cutting line. One-half of the core is kept as a witness sample and the other half is submitted for analysis. Individual sample bags are sealed and placed into totes, sealed and marked with the contents.
New Found submits samples for gold determination by fire assay to
Drill core samples are shipped to ALS for sample preparation in
Drill core samples are also submitted to MSA in Val-d’Or,
At ALS, the entire sample is crushed to approximately
At MSA, the entire sample is crushed to approximately
For samples that have VG identified or are within a mineralized zone, the entire crushed sample is weighed into multiple jars and are submitted for photon assay. The assays from all jars are combined on a weight-averaged basis.
All samples prepared at ALS or MSA are also analyzed for a multi-element ICP package (ALS method code ME-ICP61) at ALS Vancouver.
Drill program design, Quality Assurance/Quality Control and interpretation of results are performed by qualified persons employing a rigorous Quality Assurance/Quality Control program consistent with industry best practices. Standards and blanks account for a minimum of
Quality Control data are evaluated on receipt from the laboratories for failures. Appropriate action is taken if assay results for standards and blanks fall outside allowed tolerances. All results stated have passed New Found’s quality control protocols.
New Found’s quality control program also includes submission of the second half of the core for approximately
The Company does not recognize any factors of drilling, sampling or recovery that could materially affect the accuracy or reliability of the assay data disclosed.
The assay data disclosed in this news release have been verified by the Company’s Qualified Person against the original assay certificates.
The Company notes that it has not completed any economic evaluations of its
Qualified Person
The scientific and technical information disclosed in this press release was reviewed and approved by
About
New Found holds a
Please see the Company’s website at www.newfoundgold.ca and the Company’s SEDAR profile at www.sedar.com.
Acknowledgements
New Found acknowledges the financial support of the
Contact
To contact the Company, please visit the Company’s website, www.newfoundgold.ca and make your request through our investor inquiry form. Our management has a pledge to be in touch with any investor inquiries within 24 hours.
Neither the
Forward-Looking Statement Cautions
This press release contains certain “forward-looking statements” within the meaning of Canadian securities legislation, relating to exploration, drilling and mineralization on the Company’s Queensway gold project in
View source version on businesswire.com: https://www.businesswire.com/news/home/20230321005485/en/
Per: “Collin Kettell”
Email: ckettell@newfoundgold.ca
Phone: +1 (845) 535-1486
Source:
FAQ
What are the latest drilling results for NFGC from the Keats West zone?
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Is the drilling program for NFGC ongoing?