{"id":748412,"date":"2023-04-18T06:36:26","date_gmt":"2023-04-18T10:36:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/new-found-intercepts-4-27-g-t-au-over-31-55m-extends-keats-west-to-250m-along-strike\/"},"modified":"2023-04-18T06:36:26","modified_gmt":"2023-04-18T10:36:26","slug":"new-found-intercepts-4-27-g-t-au-over-31-55m-extends-keats-west-to-250m-along-strike","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/new-found-intercepts-4-27-g-t-au-over-31-55m-extends-keats-west-to-250m-along-strike\/","title":{"rendered":"New Found Intercepts 4.27 g\/t Au Over 31.55m, Extends Keats West to 250m Along Strike"},"content":{"rendered":"

<\/p>\n

New Found Intercepts 4.27 g\/t Au Over 31.55m, Extends Keats West to 250m Along Strike<\/b><\/p>\n

VANCOUVER, British Columbia–(BUSINESS WIRE<\/a>)–New Found Gold Corp.<\/b> (\u201cNew Found<\/b>\u201d or the \u201cCompany<\/b>\u201d) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce the results from 25 diamond drill holes that were completed as part of a drill program designed to expand on both the newly discovered Keats West zone, a low-angle thrust fault that dips gently to the south-southwest and located on the west side of the highly prospective Appleton Fault Zone (\u201cAFZ\u201d) and from Keats North. New Found\u2019s 100%-owned Queensway project comprises a 1,662km2<\/sup> area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230418005567\/en\/<\/a><\/p>\n

\"Figure<\/p>\n

Figure 1: Photos of mineralization from NFGC-22-911: Left: at ~60.4m Right: at ~62m.
\n^Note that these photos are not intended to be representative of gold mineralization in NFGC-22-911. (Photo: Business Wire)<\/p>\n<\/div>\n

Keats West and Keats North Highlights:<\/b><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Hole No.<\/b><\/p>\n<\/td>\n

\n

From (m)<\/b><\/p>\n<\/td>\n

\n

To (m)<\/b><\/p>\n<\/td>\n

\n

Interval (m)1<\/sup><\/b><\/p>\n<\/td>\n

\n

Au (g\/t)<\/b><\/p>\n<\/td>\n

\u00a0<\/td>\n\n

Zone<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

NFGC-22-852<\/b><\/p>\n<\/td>\n

\n

\n161.95<\/p>\n<\/td>\n

\n

\n164.45<\/p>\n<\/td>\n

\n

\n2.50<\/p>\n<\/td>\n

\n

\n16.00<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\nKeats N<\/p>\n<\/td>\n<\/tr>\n

\n

Including<\/b><\/p>\n<\/td>\n

\n

\n162.90<\/p>\n<\/td>\n

\n

\n163.45<\/p>\n<\/td>\n

\n

\n0.55<\/p>\n<\/td>\n

\n

\n69.10<\/p>\n<\/td>\n

\u00a0<\/td>\n<\/tr>\n
\n

And<\/b><\/p>\n<\/td>\n

\n

\n171.50<\/p>\n<\/td>\n

\n

\n173.65<\/p>\n<\/td>\n

\n

\n2.15<\/p>\n<\/td>\n

\n

\n10.76<\/p>\n<\/td>\n

\u00a0<\/td>\n<\/tr>\n
\n

Including<\/b><\/p>\n<\/td>\n

\n

\n172.50<\/p>\n<\/td>\n

\n

\n173.05<\/p>\n<\/td>\n

\n

\n0.55<\/p>\n<\/td>\n

\n

\n40.50<\/p>\n<\/td>\n

\u00a0<\/td>\n<\/tr>\n
\n

NFGC-22-880<\/b><\/p>\n<\/td>\n

\n

\n173.75<\/p>\n<\/td>\n

\n

\n175.85<\/p>\n<\/td>\n

\n

\n2.10<\/p>\n<\/td>\n

\n

\n14.43<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\nKeats N<\/p>\n<\/td>\n<\/tr>\n

\n

Including<\/b><\/p>\n<\/td>\n

\n

\n174.50<\/p>\n<\/td>\n

\n

\n174.95<\/p>\n<\/td>\n

\n

\n0.45<\/p>\n<\/td>\n

\n

\n64.00<\/p>\n<\/td>\n

\u00a0<\/td>\n<\/tr>\n
\n

NFGC-22-901<\/b><\/p>\n<\/td>\n

\n

\n181.65<\/p>\n<\/td>\n

\n

\n184.30<\/p>\n<\/td>\n

\n

\n2.65<\/p>\n<\/td>\n

\n

\n18.17<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\nKeats N<\/p>\n<\/td>\n<\/tr>\n

\n

Including<\/b><\/p>\n<\/td>\n

\n

\n182.80<\/p>\n<\/td>\n

\n

\n183.20<\/p>\n<\/td>\n

\n

\n0.40<\/p>\n<\/td>\n

\n

\n98.70<\/p>\n<\/td>\n

\u00a0<\/td>\n<\/tr>\n
\n

NFGC-22-946<\/b><\/p>\n<\/td>\n

\n

\n94.85<\/p>\n<\/td>\n

\n

\n97.00<\/p>\n<\/td>\n

\n

\n2.15<\/p>\n<\/td>\n

\n

\n13.12<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\nKeats FW<\/p>\n<\/td>\n<\/tr>\n

\n

Including<\/b><\/p>\n<\/td>\n

\n

\n95.40<\/p>\n<\/td>\n

\n

\n96.40<\/p>\n<\/td>\n

\n

\n1.00<\/p>\n<\/td>\n

\n

\n27.80<\/p>\n<\/td>\n

\u00a0<\/td>\n<\/tr>\n
\n

NFGC-22-911<\/b><\/p>\n<\/td>\n

\n

\n56.00<\/p>\n<\/td>\n

\n

\n87.55<\/p>\n<\/td>\n

\n

\n31.55<\/p>\n<\/td>\n

\n

\n4.27<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\nKeats W<\/p>\n<\/td>\n<\/tr>\n

\n

Including<\/b><\/p>\n<\/td>\n

\n

\n60.70<\/p>\n<\/td>\n

\n

\n62.10<\/p>\n<\/td>\n

\n

\n1.40<\/p>\n<\/td>\n

\n

\n14.66<\/p>\n<\/td>\n

\u00a0<\/td>\n<\/tr>\n
\n

Including<\/b><\/p>\n<\/td>\n

\n

\n86.00<\/p>\n<\/td>\n

\n

\n87.55<\/p>\n<\/td>\n

\n

\n1.55<\/p>\n<\/td>\n

\n

\n31.06<\/p>\n<\/td>\n

\u00a0<\/td>\n<\/tr>\n
\n

NFGC-22-935<\/b><\/p>\n<\/td>\n

\n

\n105.90<\/p>\n<\/td>\n

\n

\n123.50<\/p>\n<\/td>\n

\n

\n17.60<\/p>\n<\/td>\n

\n

\n2.07<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\nKeats W<\/p>\n<\/td>\n<\/tr>\n

\n

Including<\/b><\/p>\n<\/td>\n

\n

\n114.45<\/p>\n<\/td>\n

\n

\n114.85<\/p>\n<\/td>\n

\n

\n0.40<\/p>\n<\/td>\n

\n

\n10.60<\/p>\n<\/td>\n

\u00a0<\/td>\n<\/tr>\n
\n

NFGC-22-996<\/b><\/p>\n<\/td>\n

\n

\n39.40<\/p>\n<\/td>\n

\n

\n64.00<\/p>\n<\/td>\n

\n

\n24.60<\/p>\n<\/td>\n

\n

\n1.28<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\nKeats W<\/p>\n<\/td>\n<\/tr>\n

\n

NFGC-22-1049A<\/b><\/p>\n<\/td>\n

\n

\n66.40<\/p>\n<\/td>\n

\n

\n77.35<\/p>\n<\/td>\n

\n

\n10.95<\/p>\n<\/td>\n

\n

\n1.40<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\nKeats W<\/p>\n<\/td>\n<\/tr>\n

\n

And<\/b><\/p>\n<\/td>\n

\n

\n95.00<\/p>\n<\/td>\n

\n

\n107.20<\/p>\n<\/td>\n

\n

\n12.20<\/p>\n<\/td>\n

\n

\n1.10<\/p>\n<\/td>\n

\u00a0<\/td>\n<\/tr>\n
\n

NFGC-23-1108<\/b><\/p>\n<\/td>\n

\n

\n94.00<\/p>\n<\/td>\n

\n

\n98.65<\/p>\n<\/td>\n

\n

\n4.65<\/p>\n<\/td>\n

\n

\n8.42<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

\nKeats W<\/p>\n<\/td>\n<\/tr>\n

\n

Including<\/b><\/p>\n<\/td>\n

\n

\n95.00<\/p>\n<\/td>\n

\n

\n96.45<\/p>\n<\/td>\n

\n

\n1.45<\/p>\n<\/td>\n

\n

\n12.47<\/p>\n<\/td>\n

\u00a0<\/td>\n<\/tr>\n
\n

Including<\/b><\/p>\n<\/td>\n

\n

\n98.00<\/p>\n<\/td>\n

\n

\n98.65<\/p>\n<\/td>\n

\n

\n0.65<\/p>\n<\/td>\n

\n

\n12.60<\/p>\n<\/td>\n

\u00a0<\/td>\n<\/tr>\n<\/table>\n

Table 1: Keats West and Keats North Drilling Highlights<\/i><\/b><\/p>\n

1<\/sup><\/i>Note at Keats West, host structures are interpreted to be shallowly dipping and true widths are generally estimated to be 60% to 95% of reported intervals. At Keats North, true widths are unknown at this time. At Keats FW host structures are interpreted to be steeply dipping and true widths are generally estimated to be 40% to 55% of reported intervals. Infill veining in secondary structures with multiple orientations crosscutting the primary host structures are commonly observed in drill core which could result in additional uncertainty in true width. Composite intervals reported carry a minimum weighted average of 1 g\/t Au diluted over a minimum core length of 2m with a maximum of 4m consecutive dilution. Included high-grade intercepts are reported as any consecutive interval with grades greater than 10 g\/t Au. Grades have not been capped in the averaging and intervals are reported as drill thickness.<\/i><\/p>\n