{"id":781766,"date":"2023-09-05T06:35:12","date_gmt":"2023-09-05T10:35:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/new-found-hits-119-g-t-au-over-4-10m-147-g-t-au-over-2-70m-at-jackpot\/"},"modified":"2023-09-05T06:35:12","modified_gmt":"2023-09-05T10:35:12","slug":"new-found-hits-119-g-t-au-over-4-10m-147-g-t-au-over-2-70m-at-jackpot","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/new-found-hits-119-g-t-au-over-4-10m-147-g-t-au-over-2-70m-at-jackpot\/","title":{"rendered":"New Found Hits 119 g\/t Au Over 4.10M & 147 g\/t Au Over 2.70M at Jackpot"},"content":{"rendered":"

<\/p>\n

New Found Hits 119 g\/t Au Over 4.10M & <\/b>147 g\/t Au Over 2.70M at Jackpot<\/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 30 diamond drill holes that were completed as part of a follow-up drill program designed to test the new Jackpot discovery located 2.5 km north of Keats along the highly prospective Appleton Fault Zone (\u201cAFZ\u201d) in addition to results from systematic grid drilling in the Everest region. New Found\u2019s district-scale 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\/20230905184996\/en\/<\/a><\/p>\n

\"Figure<\/p>\n

Figure 1: Photos of mineralization from: Left: ~38m in NFGC-23-1425, Right: at ~22.5m in NFGC-23-1423. ^Note that these photos are not intended to be representative of gold mineralization in NFGC-23-1423 and NFGC-23-1425. (Photo: Business Wire)<\/p>\n<\/div>\n

Jackpot 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-22-9184<\/sup><\/b><\/p>\n<\/td>\n

\n

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

\n

\n164.70<\/p>\n<\/td>\n

\n

\n2.75<\/p>\n<\/td>\n

\n

\n18.60<\/p>\n<\/td>\n

\n

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

\n

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

\n

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

\n

\n162.95<\/p>\n<\/td>\n

\n

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

\n

\n44.23<\/p>\n<\/td>\n<\/tr>\n

\n

NFGC-23-14231<\/sup><\/b><\/p>\n<\/td>\n

\n

\n20.40<\/p>\n<\/td>\n

\n

\n23.10<\/p>\n<\/td>\n

\n

\n2.70<\/p>\n<\/td>\n

\n

\n146.67<\/p>\n<\/td>\n

\n

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

\n

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

\n

\n20.40<\/p>\n<\/td>\n

\n

\n22.50<\/p>\n<\/td>\n

\n

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

\n

\n188.10<\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n21.40<\/p>\n<\/td>\n

\n

\n21.80<\/p>\n<\/td>\n

\n

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

\n

\n699.00<\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n22.10<\/p>\n<\/td>\n

\n

\n22.50<\/p>\n<\/td>\n

\n

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

\n

\n241.00<\/p>\n<\/td>\n<\/tr>\n

\n

NFGC-23-14252<\/sup><\/b><\/p>\n<\/td>\n

\n

\n36.90<\/p>\n<\/td>\n

\n

\n41.00<\/p>\n<\/td>\n

\n

\n4.10<\/p>\n<\/td>\n

\n

\n118.73<\/p>\n<\/td>\n

\n

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

\n

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

\n

\n36.90<\/p>\n<\/td>\n

\n

\n39.00<\/p>\n<\/td>\n

\n

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

\n

\n229.71<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

Table 1: Jackpot Drilling Highlights<\/i><\/b><\/p>\n

Note that the host structures are interpreted to be steeply dipping and true widths are generally estimated to be 1<\/sup>70% to 95% and 2<\/sup>40% to 70% of reported intervals. 4<\/sup>True widths are unknown at this time. 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 when above 200m vertical depth and 2m consecutive dilution when below 200m vertical depth. 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