#Canada #Vancouver #New Found Gold #Queensway Gold #Dome Zone

New Found Gold's Remarkable Progress at Queensway

New Found Gold Corp., a promising gold exploration company based in Vancouver, is making significant strides at its wholly-owned Queensway Gold Project located in Newfoundland and Labrador, Canada. Recently, the company announced outstanding drilling results that highlight the discovery of high-grade gold mineralization depths at the project site, reinforcing its potential amid expanding gold resources.

The latest drilling reports showcased several notable intersections, showcasing grades of 38.7 grams per tonne (g/t) of gold over a length of 6.55 meters at the Dome Zone, as well as 10.3 g/t Au over 8.20 m at the Keats South Deep Zone. Such high-grade results are indicative of promising geological potential, prompting excitement over the prospects for resource evaluation and expansion.

Assessment of Current Drill Results

Melissa Render, the President of New Found Gold, expressed great enthusiasm over these results, emphasizing that the findings are critical for understanding the mineralization potential beyond the initially estimated resource. The active drilling at Dome has revealed significant gold deposits located considerably close to the surface, thereby implying that further resource expansion could yield fruitful outcomes.

The recent Phase I drilling program was designed with the core objective of evaluating the orogenic gold system's depth potential at Queensway. As the exploration deepens, new mineable gold zones are being identified, corresponding to the ongoing geological interpretations and drilling efforts.

The current campaign profiled 12 diamond drill holes (DDH) over an extensive 7,765 meters. Most of these holes pushed beyond the boundaries of the initial mineral resource estimate, signaling New Found Gold’s commitment to delineating new resource areas. This forward-thinking approach seeks to illuminate the depth potential of gold deposits nestled within the increasingly intricate geological structures present in the Queensway region.

Focus on Specific Zones

Key highlights of the drilling included profound mineralization intervals at both the Dome and Keats South zones. The Dome Zone drilling returned assay grades that included 98.9 g/t Au over 2.10 meters, evidencing the broad structural complexities and richness within the geological framework of the site. Meanwhile, the drilling at Keats South captured interesting high-grade intervals such as 37.7 g/t Au over 2.00 meters. This compelling geological evidence suggests multiple zones of gold-bearing structures that appear to continue deeper below the surface.

The results provide valuable insight into the nature of gold deposits in the Queensway Project's favorable mining districts. Exploitative mining, especially focusing on the high-grade zones, continues to be a primary goal for New Found Gold as it strives to create sustainable resource development.

Future Directions and Exploration Plans

Looking ahead, New Found Gold is eager to further explore the Queensway Gold Project, as planning for the 2025 drilling initiatives unfolds. The upcoming drilling program aims to continue focusing on near-surface mineral resource conversion while digging deeper into areas with high-priority discoveries, such as Dropkick, Dome, and Golden Dome.

New Found Gold’s strategies for 2025 will encompass not only resource expansion but also converting the promising discoveries into economically viable production plans. The company is committed to employing advanced drilling techniques and thorough geological assessments to ensure efficient and strategic resource extraction without compromising the surrounding ecosystem.

In conclusion, New Found Gold’s current advancements at the Queensway Gold Project represent a significant development in the mining and mineral exploration sector, sparking increased interest in the project’s potential. With promising drilling results and a dedicated team focused on growth, safety, and environmental stewardship, New Found Gold is poised for a remarkable journey in the pursuit of gold mining excellence.