{"id":789544,"date":"2023-10-11T09:21:39","date_gmt":"2023-10-11T13:21:39","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/new-found-intercepts-92-g-t-au-over-2m-at-monte-carlo\/"},"modified":"2023-10-11T09:21:39","modified_gmt":"2023-10-11T13:21:39","slug":"new-found-intercepts-92-g-t-au-over-2m-at-monte-carlo","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/new-found-intercepts-92-g-t-au-over-2m-at-monte-carlo\/","title":{"rendered":"New Found Intercepts 92 g\/t Au Over 2m at Monte Carlo"},"content":{"rendered":"

<\/p>\n

New Found Intercepts 92 g\/t Au Over 2m at Monte Carlo<\/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 46 diamond drill holes that were completed as part of a drill program designed to test the newly discovered Monte Carlo Zone, an east-west striking, steeply dipping high-grade vein located on the west side of the highly prospective Appleton Fault Zone (\u201cAFZ\u201d), as well as from systematic grid drilling on the west side of the AFZ. 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\/20231011001207\/en\/<\/a><\/p>\n

\"Figure<\/p>\n

Figure 1: Photos of mineralization, Left: at ~52m in NFGC-23-1683, Right: at ~167m in NFGC-23-1690
\n^Note that these photos are not intended to be representative of gold mineralization in NFGC-23-1683 and NFGC-23-1690. (Photo: Business Wire)<\/p>\n<\/div>\n

Monte Carlo Highlights:<\/b><\/p>\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)<\/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-22-10252<\/sup><\/b><\/p>\n<\/td>\n

\n

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

\n

\n21.05<\/p>\n<\/td>\n

\n

\n10.10<\/p>\n<\/td>\n

\n

\n2.67<\/p>\n<\/td>\n

\n

\nMonte Carlo<\/p>\n<\/td>\n<\/tr>\n

\n

And3<\/sup><\/b><\/p>\n<\/td>\n

\n

\n50.90<\/p>\n<\/td>\n

\n

\n59.85<\/p>\n<\/td>\n

\n

\n8.95<\/p>\n<\/td>\n

\n

\n2.25<\/p>\n<\/td>\n<\/tr>\n

\n

NFGC-22-10452<\/sup><\/b><\/p>\n<\/td>\n

\n

\n32.35<\/p>\n<\/td>\n

\n

\n35.15<\/p>\n<\/td>\n

\n

\n2.80<\/p>\n<\/td>\n

\n

\n14.91<\/p>\n<\/td>\n

\n

\nMonte Carlo<\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n32.35<\/p>\n<\/td>\n

\n

\n34.30<\/p>\n<\/td>\n

\n

\n1.95<\/p>\n<\/td>\n

\n

\n19.13<\/p>\n<\/td>\n<\/tr>\n

\n

NFGC-22-10703<\/sup><\/b><\/p>\n<\/td>\n

\n

\n13.00<\/p>\n<\/td>\n

\n

\n28.25<\/p>\n<\/td>\n

\n

\n15.25<\/p>\n<\/td>\n

\n

\n1.66<\/p>\n<\/td>\n

\n

\nMonte Carlo<\/p>\n<\/td>\n<\/tr>\n

\n

NFGC-23-11351<\/sup><\/b><\/p>\n<\/td>\n

\n

\n49.30<\/p>\n<\/td>\n

\n

\n55.55<\/p>\n<\/td>\n

\n

\n6.25<\/p>\n<\/td>\n

\n

\n7.49<\/p>\n<\/td>\n

\n

\nMonte Carlo<\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n49.30<\/p>\n<\/td>\n

\n

\n49.65<\/p>\n<\/td>\n

\n

\n0.35<\/p>\n<\/td>\n

\n

\n40.00<\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n54.30<\/p>\n<\/td>\n

\n

\n55.05<\/p>\n<\/td>\n

\n

\n0.75<\/p>\n<\/td>\n

\n

\n33.00<\/p>\n<\/td>\n<\/tr>\n

\n

NFGC-23-16831<\/sup><\/b><\/p>\n<\/td>\n

\n

\n36.20<\/p>\n<\/td>\n

\n

\n38.25<\/p>\n<\/td>\n

\n

\n2.05<\/p>\n<\/td>\n

\n

\n23.52<\/p>\n<\/td>\n

\n

\nMonte Carlo<\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n36.20<\/p>\n<\/td>\n

\n

\n36.75<\/p>\n<\/td>\n

\n

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

\n

\n80.95<\/p>\n<\/td>\n<\/tr>\n

\n

And1<\/sup><\/b><\/p>\n<\/td>\n

\n

\n51.55<\/p>\n<\/td>\n

\n

\n54.25<\/p>\n<\/td>\n

\n

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

\n

\n18.85<\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n52.00<\/p>\n<\/td>\n

\n

\n52.35<\/p>\n<\/td>\n

\n

\n0.35<\/p>\n<\/td>\n

\n

\n131.10<\/p>\n<\/td>\n<\/tr>\n

\n

NFGC-23-16871<\/sup><\/b><\/p>\n<\/td>\n

\n

\n103.70<\/p>\n<\/td>\n

\n

\n105.85<\/p>\n<\/td>\n

\n

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

\n

\n18.95<\/p>\n<\/td>\n

\n

\nMonte Carlo<\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n104.90<\/p>\n<\/td>\n

\n

\n105.40<\/p>\n<\/td>\n

\n

\n0.50<\/p>\n<\/td>\n

\n

\n77.73<\/p>\n<\/td>\n<\/tr>\n

\n

NFGC-23-16902<\/sup><\/b><\/p>\n<\/td>\n

\n

\n166.75<\/p>\n<\/td>\n

\n

\n168.75<\/p>\n<\/td>\n

\n

\n2.00<\/p>\n<\/td>\n

\n

\n91.86<\/p>\n<\/td>\n

\n

\nMonte Carlo<\/p>\n<\/td>\n<\/tr>\n

\n

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

\n

\n166.75<\/p>\n<\/td>\n

\n

\n167.85<\/p>\n<\/td>\n

\n

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

\n

\n166.89<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

Table 1: Monte Carlo 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%, 2<\/sup>40% to 70%, and 3<\/sup>10% to 40% 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