New Found Intercepts 68.19 g/t Au Over 2.05m & 45.05 g/t Au Over 2.25m, Extends Keats Main Zone to Over 1km Along Strike
New Found Gold Corp. announced results from 30 diamond drill holes at the Queensway project, focusing on the Keats Main Zone along the Appleton Fault Zone. Significant gold intercepts include 45.05 g/t Au over 2.25m and 68.19 g/t Au over 2.05m. The exploration has extended the strike length of the Keats Main Zone to 1km, with results suggesting potential for deeper gold deposits. Approximately 71% of a 400,000m drilling program is completed, with ongoing assays revealing promising mineralization.
- High-grade gold intercept of 45.05 g/t Au over 2.25m in drill hole NFGC-22-550.
- Keats Main Zone strike length extended to 1km with multiple high-grade discoveries.
- Approximately 71% of the planned 400,000m drilling program completed.
- None.
Figure 1. Keats plan view map (Graphic: Business Wire)
Keats Highlights:
Hole No. |
From (m) |
To (m) |
Interval (m)1 |
Au (g/t) |
NFGC-22-527B |
433.00 |
435.10 |
2.10 |
12.87 |
Including |
433.00 |
434.00 |
1.00 |
26.80 |
NFGC-22-550 |
444.45 |
446.70 |
2.25 |
45.05 |
Including |
444.45 |
445.00 |
0.55 |
181.50 |
NFGC-22-608 |
255.95 |
258.00 |
2.05 |
28.33 |
NFGC-22-616 |
265.20 |
267.25 |
2.05 |
68.19 |
Including |
265.60 |
266.50 |
0.90 |
153.50 |
Table 1: Keats Drilling Highlights
1Note that the host structures are interpreted to be steeply dipping and true widths are generally estimated to be
-
The overall Keats area now spans a strike length of approximately 1.6km and is comprised of several high-grade gold discoveries including those made at Keats Main,
Keats North , and most recently,Keats West (reported onSeptember 27, 2022 ). -
Exploration along the southern extents of
Keats Main , which is defined by gold mineralization hosted within the extensive damage zone associated with theKeats-Baseline Fault Zone (“KBFZ”), has extended the strike length ofKeats Main Zone to 1km with high-grade intervals of 12.87 g/t Au over 2.10m in NFGC-22-527B and 45.05 g/t Au over 2.25m in NFGC-22-550 (Figures 1, 2, 3 and 5). -
Ongoing drill testing working to extend the
Keats Main Zone along strike and at depth has also intersected broad domains of low-grade gold mineralization at vertical depths of up to 400m as demonstrated by the interval of 2.79 g/t Au over 12.35m in NFGC-22-600. These regions are characterized by extensive silicification, brecciation, and sulphide mineralization (Figures 3 and 5). -
Continued exploration drilling in the central portions of the
Keats Main Zone targeting the Equinox Vein, a key component of the high-grade gold domain that plunges to the southwest within a segment of the KBFZ has intersected gold-rich portions of the vein, highlights of which include 28.33 g/t Au over 2.05m in NFGC-22-608 and 68.19 g/t Au over 2.05m in NFGC-22-616 (Figures 1, 2, 3 and 4). The Equinox Vein to date has been traced over a strike length of 720m and 120m down-dip.
Drillhole Details
Hole No. |
From (m) |
To (m) |
Interval (m)1 |
Au (g/t) |
Zone |
NFGC-21-388 |
26.65 |
28.90 |
2.25 |
1.42 |
|
And |
59.20 |
61.70 |
2.50 |
1.75 |
|
And |
76.00 |
78.00 |
2.00 |
1.06 |
|
And |
86.00 |
88.25 |
2.25 |
1.37 |
|
And2 |
123.00 |
128.65 |
5.65 |
8.98 |
|
Including2 |
126.95 |
128.30 |
1.35 |
31.45 |
|
And2 |
135.75 |
139.10 |
3.35 |
4.15 |
|
And2 |
138.60 |
139.10 |
0.50 |
21.50 |
|
And |
150.10 |
153.35 |
3.25 |
1.72 |
|
And |
155.70 |
161.85 |
6.15 |
1.61 |
|
NFGC-21-4542 |
209.55 |
213.25 |
3.70 |
2.74 |
|
And |
276.00 |
280.05 |
4.05 |
1.35 |
|
NFGC-21-4662 |
169.70 |
172.05 |
2.35 |
10.89 |
|
Including2 |
169.70 |
170.25 |
0.55 |
44.90 |
|
And |
239.00 |
241.00 |
2.00 |
2.83 |
|
And |
262.00 |
264.45 |
2.45 |
4.72 |
|
Including |
262.00 |
262.85 |
0.85 |
12.75 |
|
And |
314.95 |
317.40 |
2.45 |
5.03 |
|
Including |
315.90 |
316.80 |
0.90 |
12.40 |
|
NFGC-22-4862 |
35.90 |
38.00 |
2.10 |
11.15 |
Keats HW |
Including2 |
36.60 |
37.30 |
0.70 |
32.00 |
|
And |
304.25 |
306.35 |
2.10 |
2.19 |
|
Including |
305.45 |
305.80 |
0.35 |
10.45 |
|
And2 |
371.40 |
373.60 |
2.20 |
10.53 |
|
Including2 |
371.75 |
372.45 |
0.70 |
31.30 |
|
NFGC-22-527B |
433.00 |
435.10 |
2.10 |
12.87 |
|
Including |
433.00 |
434.00 |
1.00 |
26.80 |
|
And2 |
487.25 |
489.75 |
2.50 |
3.24 |
|
Including2 |
487.90 |
488.50 |
0.60 |
11.85 |
|
NFGC-22-530 |
95.00 |
97.30 |
2.30 |
1.16 |
Keats S |
And |
NSV |
|
|||
NFGC-22-550 |
444.45 |
446.70 |
2.25 |
45.05 |
|
Including |
444.45 |
445.00 |
0.55 |
181.50 |
|
NFGC-22-560 |
NSV |
|
|||
NFGC-22-563 |
48.00 |
50.00 |
2.00 |
3.26 |
Keats S |
Including |
48.80 |
49.35 |
0.55 |
10.40 |
|
And |
95.00 |
97.55 |
2.55 |
1.46 |
|
And |
118.35 |
120.50 |
2.15 |
1.14 |
|
And |
425.00 |
427.00 |
2.00 |
1.08 |
|
NFGC-22-564 |
430.00 |
432.00 |
2.00 |
1.74 |
Keats S |
NFGC-22-569 |
140.00 |
142.70 |
2.70 |
3.70 |
Keats S |
And |
147.00 |
152.00 |
5.00 |
1.78 |
Keats S |
NFGC-22-576 |
NSV |
Keats S |
|||
NFGC-22-581 |
437.75 |
440.85 |
3.10 |
6.80 |
|
Including |
438.55 |
439.00 |
0.45 |
27.20 |
|
And including |
440.35 |
440.85 |
0.50 |
12.10 |
|
And |
449.50 |
452.00 |
2.50 |
1.21 |
|
And |
456.00 |
458.00 |
2.00 |
6.51 |
|
Including |
457.00 |
457.55 |
0.55 |
25.80 |
|
And |
484.00 |
486.70 |
2.70 |
1.05 |
|
NFGC-22-583 |
280.00 |
282.55 |
2.55 |
1.78 |
|
NFGC-22-587 |
NSV |
Keats S |
|||
NFGC-22-591 |
61.55 |
63.90 |
2.35 |
1.30 |
Keats S |
And |
207.00 |
209.65 |
2.65 |
6.21 |
|
Including |
207.80 |
208.55 |
0.75 |
19.55 |
|
NFGC-22-592 |
205.15 |
207.55 |
2.40 |
1.93 |
|
And |
276.30 |
278.65 |
2.35 |
1.38 |
|
And |
292.00 |
300.45 |
8.45 |
3.56 |
|
Including |
299.95 |
300.45 |
0.50 |
15.10 |
|
NFGC-22-599 |
54.75 |
59.00 |
4.25 |
1.30 |
Keats S |
NFGC-22-600 |
430.25 |
432.25 |
2.00 |
1.05 |
|
And |
437.00 |
439.70 |
2.70 |
2.83 |
|
Including |
438.40 |
439.00 |
0.60 |
10.15 |
|
And |
507.00 |
519.35 |
12.35 |
2.79 |
|
NFGC-22-608 |
255.95 |
258.00 |
2.05 |
28.33 |
|
NFGC-22-611 |
NSV |
Keats S |
|||
NFGC-22-616 |
197.20 |
205.70 |
8.50 |
1.11 |
|
And |
222.00 |
224.00 |
2.00 |
1.17 |
|
And |
226.00 |
228.60 |
2.60 |
1.07 |
|
And |
265.20 |
267.25 |
2.05 |
68.19 |
|
Including |
265.60 |
266.50 |
0.90 |
153.50 |
|
NFGC-22-619 |
NSV |
Keats S |
|||
NFGC-22-623B |
166.00 |
168.00 |
2.00 |
2.73 |
Keats S |
And |
170.00 |
172.25 |
2.25 |
1.97 |
|
NFGC-22-631 |
57.65 |
60.30 |
2.65 |
1.29 |
Keats HW |
And |
183.45 |
188.90 |
5.45 |
3.35 |
|
And |
203.85 |
206.20 |
2.35 |
3.04 |
|
And |
210.85 |
213.00 |
2.15 |
3.96 |
|
Including |
210.85 |
211.45 |
0.60 |
14.10 |
|
And |
267.75 |
270.00 |
2.25 |
1.10 |
|
And |
285.00 |
287.20 |
2.20 |
2.71 |
|
NFGC-22-649 |
468.45 |
470.45 |
2.00 |
1.86 |
|
And |
481.00 |
484.85 |
3.85 |
5.49 |
|
NFGC-22-655 |
316.00 |
318.00 |
2.00 |
5.85 |
|
Including |
316.55 |
317.45 |
0.90 |
14.35 |
|
NFGC-22-669 |
505.65 |
507.65 |
2.00 |
3.75 |
|
Including |
506.55 |
506.90 |
0.35 |
20.70 |
|
NFGC-22-691 |
NSV |
|
|||
NFGC-22-721 |
NSV |
|
Table 2: Summary of composite results reported in this press release for
1Note that the host structures are interpreted to be steeply dipping and true widths are generally estimated to be
2Previously reported interval.
Hole No. |
Azimuth (°) |
Dip (°) |
Length (m) |
UTM E |
UTM N |
NFGC-21-388 |
120 |
-71 |
242 |
657988 |
5427370 |
NFGC-21-466 |
300 |
-45 |
338 |
657942.7 |
5427161 |
NFGC-21-454 |
299 |
-45.5 |
401 |
657988.9 |
5427163 |
NFGC-22-486 |
30 |
-65 |
419 |
657814.7 |
5427088 |
NFGC-22-530 |
18 |
-59 |
608 |
657767 |
5426977 |
NFGC-22-527B |
294 |
-47.5 |
731.4 |
657945.3 |
5426843 |
NFGC-22-550 |
297 |
-46 |
556.7 |
657887.1 |
5426789 |
NFGC-22-560 |
315 |
-45 |
410 |
657510.4 |
5426949 |
NFGC-22-583 |
65 |
-80 |
329 |
657911.6 |
5427236 |
NFGC-22-581 |
297 |
-46 |
587 |
657896.1 |
5426754 |
NFGC-22-576 |
122 |
-63 |
251.15 |
657511.6 |
5426948 |
NFGC-22-569 |
110 |
-45 |
257.4 |
657512.3 |
5426948 |
NFGC-22-564 |
297 |
-46 |
506 |
657865.3 |
5426801 |
NFGC-22-563 |
10 |
-52 |
548 |
657767.4 |
5426977 |
NFGC-22-587 |
120 |
-45 |
215 |
657513.1 |
5426946 |
NFGC-22-592 |
35 |
-83 |
339.4 |
657911.4 |
5427236 |
NFGC-22-591 |
120 |
-45 |
218 |
657487.6 |
5426991 |
NFGC-22-600 |
299.5 |
-52 |
626 |
657887.7 |
5426789 |
NFGC-22-599 |
120 |
-45 |
281 |
657439.6 |
5426960 |
NFGC-22-608 |
87 |
-79 |
303.85 |
657921.1 |
5427260 |
NFGC-22-611 |
90 |
-45 |
197 |
657510 |
5426951 |
NFGC-22-616 |
60 |
-81 |
299 |
657920.9 |
5427260 |
NFGC-22-619 |
78 |
-45 |
206 |
657509.8 |
5426952 |
NFGC-22-623B |
105 |
-47 |
272.3 |
657487.6 |
5426991 |
NFGC-22-631 |
38 |
-84 |
322.75 |
657920.2 |
5427260 |
NFGC-22-649 |
297 |
-46 |
596 |
657880.4 |
5426678 |
NFGC-22-655 |
333 |
-83 |
392 |
657914.5 |
5427235 |
NFGC-22-669 |
297 |
-46 |
611.8 |
657900.7 |
5426724 |
NFGC-22-691 |
297 |
-46 |
707 |
657898.7 |
5426609 |
NFGC-22-721 |
300 |
-45 |
593 |
657856.1 |
5426633 |
Table 3: Details of drill holes reported in this press release
Queensway 400,000m Drill Program Update
Approximately
Sampling, Sub-sampling, Laboratory and Discussion
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 professional 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. Once all sample intervals have been chosen, photos of the wet and dry core are taken for future reference.
Technicians saw the core along the defined cut-line. One-half of the core is kept as a witness sample and the other half is submitted for crushing, pulverizing, and assaying. Individual sample bags are sealed and placed into shipping pails and/or nylon shipping bags, sealed and marked with the contents.
Drill core samples are shipped to
The entire sample is crushed to approximately
Samples that have VG identified or fall within a mineralized interval are automatically submitted for screened metallic assay for gold.
All sample pulps are also analyzed for a multi-element ICP package (ALS method code ICP61).
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/20221018005598/en/
Per: "Collin Kettell"
Email: ckettell@newfoundgold.ca
Phone: +1 (845) 535-1486
Source: