{"id":766555,"date":"2023-06-28T06:33:09","date_gmt":"2023-06-28T10:33:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/new-found-intercepts-31-g-t-au-over-7-95m-at-iceberg-15-g-t-au-over-7-55m-at-iceberg-east\/"},"modified":"2023-06-28T06:33:09","modified_gmt":"2023-06-28T10:33:09","slug":"new-found-intercepts-31-g-t-au-over-7-95m-at-iceberg-15-g-t-au-over-7-55m-at-iceberg-east","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/new-found-intercepts-31-g-t-au-over-7-95m-at-iceberg-15-g-t-au-over-7-55m-at-iceberg-east\/","title":{"rendered":"New Found Intercepts 31 g\/t Au Over 7.95m at Iceberg & 15 g\/t Au Over 7.55m at Iceberg East"},"content":{"rendered":"

<\/p>\n

New Found Intercepts 31 g\/t Au Over 7.95m at Iceberg & 15 g\/t Au Over 7.55m at Iceberg East<\/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 five diamond drill holes that were completed as part of a follow-up drill program at the new Iceberg discovery, a high-grade zone located 300m northeast of Keats Main along the highly prospective Appleton Fault Zone (\u201cAFZ\u201d). 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\/20230628449254\/en\/<\/a><\/p>\n

\"Figure<\/p>\n

Figure 1: Photos of mineralization: Left: at ~ 91m from NFGC-23-1279, Right: at ~ 83m from NFGC-23-1274. ^Note that these photos are not intended to be representative of gold mineralization in NFGC-23-1274 and NFGC-23-1279. (Photo: Business Wire)<\/p>\n<\/div>\n

Iceberg and Iceberg East Highlights:<\/b><\/p>\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)<\/b><\/p>\n<\/td>\n

\n

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

\n

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

\n

NFGC-23-12741<\/sup><\/b><\/p>\n<\/td>\n

\n

\n80.70<\/p>\n<\/td>\n

\n

\n88.25<\/p>\n<\/td>\n

\n

\n7.55<\/p>\n<\/td>\n

\n

\n15.45<\/p>\n<\/td>\n

\n

\nIceberg East<\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n81.35<\/p>\n<\/td>\n

\n

\n84.20<\/p>\n<\/td>\n

\n

\n2.85<\/p>\n<\/td>\n

\n

\n28.00<\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n87.30<\/p>\n<\/td>\n

\n

\n88.25<\/p>\n<\/td>\n

\n

\n0.95<\/p>\n<\/td>\n

\n

\n29.60<\/p>\n<\/td>\n<\/tr>\n

\n

NFGC-23-12791<\/sup><\/b><\/p>\n<\/td>\n

\n

\n87.20<\/p>\n<\/td>\n

\n

\n95.15<\/p>\n<\/td>\n

\n

\n7.95<\/p>\n<\/td>\n

\n

\n30.79<\/p>\n<\/td>\n

\n

\nIceberg<\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n87.95<\/p>\n<\/td>\n

\n

\n89.10<\/p>\n<\/td>\n

\n

\n1.15<\/p>\n<\/td>\n

\n

\n14.33<\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n90.55<\/p>\n<\/td>\n

\n

\n91.35<\/p>\n<\/td>\n

\n

\n0.80<\/p>\n<\/td>\n

\n

\n243.55<\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n92.10<\/p>\n<\/td>\n

\n

\n92.90<\/p>\n<\/td>\n

\n

\n0.80<\/p>\n<\/td>\n

\n

\n12.92<\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n93.50<\/p>\n<\/td>\n

\n

\n94.20<\/p>\n<\/td>\n

\n

\n0.70<\/p>\n<\/td>\n

\n

\n20.60<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

Table 1: Iceberg and Iceberg East Drilling Highlights<\/i><\/b><\/p>\n

1<\/sup><\/i>Note that the host structures are interpreted to be steeply dipping and true widths are generally estimated to be 70% to 95% 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