New Found Intercepts 17.8 g/t Au Over 13.5m, 27.7 g/t Au Over 2.7m, 12.7 g/t Au Over 4.6m and 1.23 g/t Au Over 47.2m at K2 Zone
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Figure 1: Photos of mineralization from Left: at ~224.5m in NFGC-23-1647, Right: at ~147.4m in NFGC-23-1883 ^Note that these photos are not intended to be representative of gold mineralization in NFGC-23-1647 and NFGC-23-1883. (Photo: Business Wire)
K2 Highlights:
Hole No. |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Zone |
NFGC-23-16451 |
23.65 |
39.00 |
15.35 |
2.87 |
K2 |
Including |
30.45 |
31.15 |
0.70 |
24.30 |
|
NFGC-23-16473 |
204.30 |
207.00 |
2.70 |
27.68 |
K2 |
Including |
205.00 |
205.60 |
0.60 |
124.50 |
|
And1 |
223.80 |
237.65 |
13.85 |
3.26 |
|
Including |
223.80 |
224.55 |
0.75 |
24.50 |
|
NFGC-23-16501 |
20.70 |
25.05 |
4.35 |
4.03 |
K2 |
Including |
24.35 |
25.05 |
0.70 |
10.55 |
|
And1 |
37.85 |
47.65 |
9.80 |
3.23 |
|
Including |
39.30 |
39.90 |
0.60 |
11.20 |
|
And1 |
52.80 |
62.50 |
9.70 |
1.82 |
|
And1 |
77.70 |
82.45 |
4.75 |
7.85 |
|
Including |
79.10 |
80.40 |
1.30 |
16.12 |
|
NFGC-23-16621 |
38.00 |
48.05 |
10.05 |
1.46 |
K2 |
NFGC-23-17991 |
44.55 |
57.90 |
13.35 |
1.90 |
K2 |
NFGC-23-18181 |
26.75 |
30.75 |
4.00 |
7.31 |
K2 |
Including |
26.75 |
28.05 |
1.30 |
18.06 |
|
NFGC-23-18721 |
110.25 |
119.80 |
9.55 |
2.63 |
K2 |
Including |
110.75 |
111.40 |
0.65 |
11.60 |
|
Including |
116.30 |
116.95 |
0.65 |
10.65 |
|
NFGC-23-18832 |
147.10 |
151.60 |
4.50 |
14.52 |
K2 |
Including |
147.10 |
147.65 |
0.55 |
111.62 |
|
NFGC-23-19181 |
95.20 |
107.45 |
12.25 |
1.91 |
K2 |
NFGC-23-19511 |
179.00 |
194.65 |
15.65 |
1.71 |
K2 |
NFGC-23-19621 |
190.35 |
201.95 |
11.60 |
2.79 |
K2 |
Including |
190.35 |
190.65 |
0.30 |
56.70 |
|
And2 |
211.85 |
213.90 |
2.05 |
26.26 |
|
Including |
212.40 |
212.90 |
0.50 |
106.50 |
|
And4 |
256.85 |
259.10 |
2.25 |
31.19 |
|
Including |
257.20 |
257.55 |
0.35 |
198.50 |
|
NFGC-23-19711 |
195.10 |
198.15 |
3.05 |
15.58 |
K2 |
Including |
195.10 |
195.70 |
0.60 |
68.80 |
|
NFGC-23-19791 |
144.60 |
147.10 |
2.50 |
9.61 |
K2 |
Including |
145.55 |
146.55 |
1.00 |
23.20 |
|
NFGC-23-19861 |
85.85 |
88.35 |
2.50 |
16.01 |
K2 |
Including |
85.85 |
86.15 |
0.30 |
130.14 |
|
And2 |
167.70 |
181.15 |
13.45 |
17.77 |
|
Including |
172.15 |
174.30 |
2.15 |
93.96 |
|
Including |
180.80 |
181.15 |
0.35 |
17.02 |
|
NFGC-23-19973 |
233.15 |
237.75 |
4.60 |
12.69 |
K2 |
Including |
233.15 |
234.10 |
0.95 |
32.36 |
|
Including |
234.65 |
235.15 |
0.50 |
27.10 |
|
And1 |
243.40 |
290.60 |
47.20 |
1.23 |
|
NFGC-23-20041 |
152.20 |
172.00 |
19.80 |
1.27 |
K2 |
NFGC-24-20072 |
33.90 |
44.10 |
10.20 |
1.45 |
K2 |
NFGC-24-20101 |
59.45 |
74.00 |
14.55 |
3.75 |
K2 |
Including |
60.90 |
61.25 |
0.35 |
24.34 |
|
Including |
62.00 |
62.35 |
35.00 |
10.54 |
|
NFGC-24-20193 |
29.80 |
37.00 |
7.20 |
1.45 |
K2 |
And1 |
66.75 |
77.95 |
11.20 |
1.86 |
|
Including |
77.40 |
77.95 |
0.55 |
16.54 |
|
And1 |
105.00 |
114.00 |
9.00 |
1.11 |
|
NFGC-24-20413 |
13.55 |
15.85 |
2.30 |
21.19 |
K2 |
Including |
14.40 |
15.85 |
1.45 |
33.37 |
Table 1: K2 Drilling Highlights
Note that the host structures are interpreted to be steeply dipping and true widths are generally estimated to be 170% to 95% and 240% to 70%. 3True 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.
- 17.8 g/t Au over 13.45m in NFGC-23-1986, 12.7 g/t Au over 4.60m and 1.23 g/t Au over 47.20m in NFGC-23-1997, 27.7 g/t Au over 2.70m and 3.26 g/t Au over 13.85m in NFGC-23-1647, 14.5 g/t Au over 4.50m in NFGC-23-1883, and 31.2 g/t Au over 2.25m, and 26.3 g/t Au over 2.05m in NFGC-23-1962 are just a few of the highlight intervals that occur above 200m vertical that were intercepted as part of an ongoing program designed to expand and further define a central high-grade domain within the K2 structure that now spans an area measuring 180m long x 90m wide.
-
K2 is a gold mineralized system made up of multiple structures and crosscutting vein orientations that currently has a defined mineralized footprint of 490m long x 395m wide. The gold mineralization begins at surface and has been drill-defined down to a maximum vertical depth of 250m (Figures 1-5), where it remains open and untested. Much of the gold at K2 is found in the “K2 Main” structure (shown in red in Figure 3), a low-angle gold-bearing fault zone starting at surface that dips 30-40° to the southeast which shares a similar dip to
Keats West and strike to theKeats-Baseline Fault Zone . -
Within the overall K2 structure, there are multiple domains of high-grade gold in addition to regions with gold mineralization concentrated over broad thicknesses, typically occurring near structural intersections or areas of structural complexity. A few examples include the aforementioned central high-grade domain, as well as the previously released “Stibnite Vein” (see purple highlighted vein in Figure 3), which is located 250m up-dip and has produced several notable intervals including 3.48 g/t Au over 25.30m in NFGC-23-1783 (
January 31, 2024 ) and 4.50 g/t Au over 12.95m in NFGC-23-1303 (August 28, 2023 ). - Exploration drilling has also led to the discovery of a panel of thick gold mineralization located near to surface, a further 65m south of the central panel reported in today’s release, where highlight intervals of 3.75 g/t Au over 14.55m in NFGC-24-2010, 2.87 g/t Au over 15.35m in NFGC-23-1645, and 15.6 g/t Au over 3.05m in NFGC-23-1971 were intercepted. This panel covers an area that is currently 200m long by 60m wide and is hosted within a potentially folded and uplifted segment of the K2 structure that is sandwiched between two crosscutting gold-bearing faults. Additional notable intervals that further define this domain include 1.27 g/t Au over 19.80m in NFGC-23-2004, 1.71 g/t Au over 15.65m in NFGC-23-1951, 2.79 g/t Au over 11.60m in NFGC-23-1962, and 16.0 g/t Au over 2.50m in NFGC-23-1986.
-
Additional infill results included in today’s release were completed in the up-dip, close to surface segment of the K2 structure, aimed at extending mineralization to surface. NFGC-23-1650 intercepted 4.03 g/t Au over 4.35m, 3.23 g/t Au over 9.80m, 1.82 g/t Au over 9.70m and 7.85 g/t Au over 4.75m and is 43m down dip of previously reported interval of 8.69 g/t Au over 12.25m in NFGC-23-1786 (
January 31, 2024 ).
Drillhole Details
Hole No. |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Zone |
NFGC-23-1557 |
No Significant Values |
|
|||
NFGC-22-9471 |
170.10 |
172.30 |
2.20 |
1.53 |
K2 |
And1 |
175.55 |
177.60 |
2.05 |
1.22 |
|
And1 |
236.75 |
238.85 |
2.10 |
4.67 |
|
Including |
236.75 |
237.55 |
0.80 |
10.31 |
|
And2 |
260.95 |
263.00 |
2.05 |
1.37 |
|
NFGC-23-1640 |
No Significant Values |
K2 |
|||
NFGC-23-16421 |
75.50 |
80.80 |
5.30 |
1.35 |
K2 |
NFGC-23-16451 |
23.65 |
39.00 |
15.35 |
2.87 |
K2 |
Including |
30.45 |
31.15 |
0.70 |
24.30 |
|
NFGC-23-16474 |
23.00 |
26.00 |
3.00 |
1.22 |
Everest |
And4 |
204.30 |
207.00 |
2.70 |
27.68 |
K2 |
Including |
205.00 |
205.60 |
0.60 |
124.50 |
|
And1 |
223.80 |
237.65 |
13.85 |
3.26 |
|
Including |
223.80 |
224.55 |
0.75 |
24.50 |
|
NFGC-23-16501 |
20.70 |
25.05 |
4.35 |
4.03 |
K2 |
Including |
24.35 |
25.05 |
0.70 |
10.55 |
|
And1 |
37.85 |
47.65 |
9.80 |
3.23 |
|
Including |
39.30 |
39.90 |
0.60 |
11.20 |
|
And1 |
52.80 |
62.50 |
9.70 |
1.82 |
|
And1 |
77.70 |
82.45 |
4.75 |
7.85 |
|
Including |
79.10 |
80.40 |
1.30 |
16.12 |
|
NFGC-23-16511 |
49.95 |
52.25 |
2.30 |
1.45 |
K2 |
NFGC-23-16594 |
45.60 |
48.30 |
2.70 |
1.21 |
K2 |
And1 |
70.65 |
74.85 |
4.20 |
2.51 |
|
Including |
74.40 |
74.85 |
0.45 |
12.20 |
|
NFGC-23-16621 |
20.65 |
22.85 |
2.20 |
1.02 |
K2 |
And1 |
38.00 |
48.05 |
10.05 |
1.46 |
|
NFGC-23-16881 |
81.10 |
86.00 |
4.90 |
1.79 |
K2 |
And1 |
110.95 |
113.25 |
2.30 |
1.30 |
|
And2 |
132.20 |
134.20 |
2.00 |
1.52 |
|
NFGC-23-17991 |
44.55 |
57.90 |
13.35 |
1.90 |
K2 |
And1 |
67.85 |
71.80 |
3.95 |
1.01 |
|
And1 |
142.20 |
144.95 |
2.75 |
1.31 |
|
NFGC-23-18031 |
12.30 |
14.90 |
2.60 |
1.19 |
K2 |
And2 |
26.85 |
29.00 |
2.15 |
1.08 |
|
NFGC-23-1812 |
No Significant Values |
K2 |
|||
NFGC-23-18141 |
45.90 |
48.30 |
2.40 |
2.29 |
K2 |
NFGC-23-18181 |
26.75 |
30.75 |
4.00 |
7.31 |
K2 |
Including |
26.75 |
28.05 |
1.30 |
18.06 |
|
NFGC-23-18221 |
73.05 |
75.55 |
2.50 |
1.52 |
K2 |
And1 |
83.55 |
91.15 |
7.60 |
1.08 |
|
And1 |
118.65 |
121.00 |
2.35 |
1.57 |
|
And1 |
125.00 |
128.85 |
3.85 |
4.14 |
|
Including |
126.00 |
126.70 |
0.70 |
15.60 |
|
NFGC-23-18292 |
162.80 |
168.00 |
5.20 |
1.15 |
K2 |
NFGC-23-18721 |
101.80 |
104.50 |
2.70 |
1.06 |
K2 |
And1 |
110.25 |
119.80 |
9.55 |
2.63 |
|
Including |
110.75 |
111.40 |
0.65 |
11.60 |
|
Including |
116.30 |
116.95 |
0.65 |
10.65 |
|
And2 |
169.35 |
171.60 |
2.25 |
2.16 |
|
And2 |
217.65 |
219.85 |
2.20 |
1.48 |
|
NFGC-23-18831 |
117.20 |
119.55 |
2.35 |
1.17 |
K2 |
And1 |
126.50 |
131.05 |
4.55 |
1.11 |
|
And2 |
147.10 |
151.60 |
4.50 |
14.52 |
|
Including |
147.10 |
147.65 |
0.55 |
111.62 |
|
NFGC-23-18944 |
140.00 |
142.00 |
2.00 |
1.93 |
K2 |
And1 |
180.55 |
183.00 |
2.45 |
1.61 |
|
And1 |
197.80 |
203.40 |
5.60 |
2.68 |
|
And1 |
209.45 |
215.80 |
6.35 |
3.91 |
|
Including |
214.10 |
215.10 |
1.00 |
20.20 |
|
NFGC-23-19182 |
48.55 |
51.25 |
2.70 |
1.81 |
K2 |
And4 |
67.10 |
69.75 |
2.65 |
1.44 |
|
And1 |
86.80 |
89.35 |
2.55 |
1.01 |
|
And1 |
95.20 |
107.45 |
12.25 |
1.91 |
|
NFGC-23-19261 |
64.70 |
69.10 |
4.40 |
1.24 |
K2 |
And1 |
151.85 |
155.10 |
3.25 |
4.18 |
|
And2 |
169.60 |
172.00 |
2.40 |
1.60 |
|
And1 |
180.15 |
187.55 |
7.40 |
1.80 |
|
And2 |
286.00 |
288.35 |
2.35 |
1.41 |
|
NFGC-23-19514 |
40.15 |
42.30 |
2.15 |
1.19 |
K2 |
And4 |
81.50 |
83.60 |
2.10 |
2.01 |
|
And1 |
179.00 |
194.65 |
15.65 |
1.71 |
|
And2 |
221.00 |
223.25 |
2.25 |
7.07 |
|
Including |
221.00 |
221.65 |
0.65 |
19.15 |
|
NFGC-23-19621 |
60.65 |
63.40 |
2.75 |
1.53 |
K2 |
And4 |
166.80 |
169.15 |
2.35 |
1.01 |
|
And1 |
190.35 |
201.95 |
11.60 |
2.79 |
|
Including |
190.35 |
190.65 |
0.30 |
56.70 |
|
And2 |
211.85 |
213.90 |
2.05 |
26.26 |
|
Including |
212.40 |
212.90 |
0.50 |
106.50 |
|
And1 |
234.00 |
236.30 |
2.30 |
2.54 |
|
And4 |
256.85 |
259.10 |
2.25 |
31.19 |
|
Including |
257.20 |
257.55 |
0.35 |
198.50 |
|
NFGC-23-19711 |
59.00 |
61.60 |
2.60 |
1.33 |
K2 |
And1 |
195.10 |
198.15 |
3.05 |
15.58 |
|
Including |
195.10 |
195.70 |
0.60 |
68.80 |
|
And1 |
203.00 |
205.50 |
2.50 |
1.84 |
|
And1 |
215.75 |
218.00 |
2.25 |
1.25 |
|
NFGC-23-19792 |
44.85 |
48.15 |
3.30 |
1.21 |
K2 |
And1 |
144.60 |
147.10 |
2.50 |
9.61 |
|
Including |
145.55 |
146.55 |
1.00 |
23.20 |
|
NFGC-23-19862 |
29.90 |
32.15 |
2.25 |
4.50 |
K2 |
Including |
30.90 |
31.40 |
0.50 |
16.36 |
|
And1 |
85.85 |
88.35 |
2.50 |
16.01 |
|
Including |
85.85 |
86.15 |
0.30 |
130.14 |
|
And1 |
98.90 |
101.30 |
2.40 |
1.43 |
|
And1 |
103.00 |
105.35 |
2.35 |
1.20 |
|
And1 |
127.05 |
131.50 |
4.45 |
2.68 |
|
And2 |
139.00 |
141.45 |
2.45 |
1.91 |
|
And2 |
146.10 |
150.30 |
4.20 |
1.93 |
|
Including |
149.90 |
150.30 |
0.40 |
12.55 |
|
And2 |
167.70 |
181.15 |
13.45 |
17.77 |
|
Including |
172.15 |
174.30 |
2.15 |
93.96 |
|
Including |
180.80 |
181.15 |
0.35 |
17.02 |
|
NFGC-23-19971 |
135.55 |
141.85 |
6.30 |
1.23 |
K2 |
And1 |
152.50 |
154.70 |
2.20 |
1.01 |
|
And1 |
157.10 |
160.00 |
2.90 |
1.39 |
|
And2 |
184.00 |
187.20 |
3.20 |
2.24 |
|
And4 |
225.50 |
228.30 |
2.80 |
1.32 |
|
And4 |
233.15 |
237.75 |
4.60 |
12.69 |
|
Including |
233.15 |
234.10 |
0.95 |
32.36 |
|
Including |
234.65 |
235.15 |
0.50 |
27.10 |
|
And1 |
243.40 |
290.60 |
47.20 |
1.23 |
|
NFGC-23-20044 |
66.00 |
68.55 |
2.55 |
1.02 |
K2 |
And1 |
152.20 |
172.00 |
19.80 |
1.27 |
|
And2 |
201.00 |
203.00 |
2.00 |
1.10 |
|
And4 |
211.85 |
216.00 |
4.15 |
1.05 |
|
And4 |
235.00 |
237.00 |
2.00 |
1.17 |
|
NFGC-24-20074 |
26.20 |
29.00 |
2.80 |
1.18 |
K2 |
And2 |
33.90 |
44.10 |
10.20 |
1.45 |
|
NFGC-24-20101 |
59.45 |
74.00 |
14.55 |
3.75 |
K2 |
Including |
60.90 |
61.25 |
0.35 |
24.34 |
|
Including |
62.00 |
62.35 |
0.35 |
10.54 |
|
NFGC-24-20152 |
24.20 |
26.55 |
2.35 |
1.38 |
K2 |
And1 |
41.80 |
45.75 |
3.95 |
2.02 |
|
And4 |
54.80 |
60.25 |
5.45 |
1.21 |
|
NFGC-24-20181 |
22.80 |
25.75 |
2.95 |
1.48 |
K2 |
NFGC-24-20194 |
29.80 |
37.00 |
7.20 |
1.45 |
K2 |
And1 |
66.75 |
77.95 |
11.20 |
1.86 |
|
Including |
77.40 |
77.95 |
0.55 |
16.54 |
|
And1 |
91.30 |
95.25 |
3.95 |
1.49 |
|
And1 |
105.00 |
114.00 |
9.00 |
1.11 |
|
And4 |
136.20 |
142.65 |
6.45 |
1.74 |
|
And4 |
164.25 |
166.90 |
2.65 |
1.34 |
|
NFGC-24-20262 |
36.00 |
39.30 |
3.30 |
3.31 |
K2 |
NFGC-24-20301 |
27.95 |
30.45 |
2.50 |
1.61 |
K2 |
NFGC-24-20361 |
7.00 |
15.60 |
8.60 |
2.17 |
K2 |
Including |
13.55 |
14.25 |
0.70 |
12.77 |
|
NFGC-24-20394 |
4.65 |
7.50 |
2.85 |
4.28 |
K2 |
Including |
7.05 |
7.50 |
0.45 |
17.22 |
|
NFGC-24-20414 |
13.55 |
15.85 |
2.30 |
21.19 |
K2 |
Including |
14.40 |
15.85 |
1.45 |
33.37 |
|
And4 |
141.70 |
143.70 |
2.00 |
1.14 |
|
And4 |
155.40 |
158.00 |
2.60 |
1.44 |
|
NFGC-24-20472 |
51.00 |
55.25 |
4.25 |
2.89 |
K2 |
Including |
51.00 |
51.40 |
0.40 |
23.90 |
|
NFGC-24-20502 |
133.00 |
135.80 |
2.80 |
1.00 |
K2 |
And2 |
138.15 |
140.70 |
2.55 |
2.28 |
|
NFGC-24-20551 |
213.40 |
217.20 |
3.80 |
2.31 |
K2 |
NFGC-24-20624 |
167.60 |
169.65 |
2.05 |
2.65 |
K2 |
And4 |
242.65 |
245.85 |
3.20 |
1.14 |
|
NFGC-24-2068 |
No Significant Values |
K2 |
|||
NFGC-24-20731 |
202.15 |
204.25 |
2.10 |
1.98 |
K2 |
And2 |
218.90 |
221.00 |
2.10 |
1.24 |
|
NFGC-24-20784 |
129.05 |
131.70 |
2.65 |
2.22 |
K2 |
NFGC-24-20824 |
37.70 |
40.40 |
2.70 |
1.15 |
K2 |
And1 |
157.15 |
163.00 |
5.85 |
1.61 |
|
NFGC-24-20841 |
102.50 |
110.60 |
8.10 |
2.04 |
K2 |
And4 |
193.40 |
196.60 |
3.20 |
2.20 |
|
And4 |
226.70 |
229.45 |
2.75 |
2.70 |
|
NFGC-24-20852 |
225.60 |
227.80 |
2.20 |
1.70 |
K2 |
NFGC-24-2086 |
No Significant Values |
K2 |
Table 2: Summary of composite results reported in this press release for K2
Note that the host structures are interpreted to be moderately to steeply dipping and true widths are generally estimated to be 170% to 95%, 240% to 70%, and 310% to 40% of reported intervals. 4True 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. *Previously reported interval.
Hole No. |
Azimuth (°) |
Dip (°) |
Length (m) |
UTM E |
UTM N |
Prospect |
NFGC-22-947 |
31 |
-57 |
302 |
658934 |
5429700 |
K2 |
NFGC-23-1557 |
75 |
-45 |
248 |
658502 |
5428802 |
|
NFGC-23-1640 |
345 |
-45 |
150 |
658948 |
5429933 |
K2 |
NFGC-23-1642 |
55 |
-45 |
128 |
659051 |
5429923 |
K2 |
NFGC-23-1645 |
345 |
-45 |
105 |
658884 |
5429831 |
K2 |
NFGC-23-1647 |
300 |
-45 |
260 |
659100 |
5429749 |
K2 |
NFGC-23-1650 |
345 |
-45 |
134 |
659080 |
5429968 |
K2 |
NFGC-23-1651 |
345 |
-45 |
126 |
658835 |
5429840 |
K2 |
NFGC-23-1659 |
5 |
-50 |
107 |
659081 |
5429967 |
K2 |
NFGC-23-1662 |
325 |
-42 |
86 |
659081 |
5429968 |
K2 |
NFGC-23-1688 |
358 |
-61 |
182 |
659028 |
5429847 |
K2 |
NFGC-23-1799 |
10 |
-60 |
185 |
658985 |
5429906 |
K2 |
NFGC-23-1803 |
90 |
-50 |
74 |
659093 |
5430056 |
K2 |
NFGC-23-1812 |
25 |
-55 |
80 |
659019 |
5430119 |
K2 |
NFGC-23-1814 |
11 |
-54.5 |
86 |
659038 |
5430075 |
K2 |
NFGC-23-1818 |
25 |
-55 |
50 |
659001 |
5430079 |
K2 |
NFGC-23-1822 |
14 |
-53.5 |
152 |
659031 |
5429848 |
K2 |
NFGC-23-1829 |
26 |
-45 |
185 |
659002 |
5429789 |
K2 |
NFGC-23-1872 |
10 |
-47 |
278 |
658949 |
5429809 |
K2 |
NFGC-23-1883 |
10 |
-62 |
254 |
658949 |
5429808 |
K2 |
NFGC-23-1894 |
50 |
-72 |
272 |
658950 |
5429808 |
K2 |
NFGC-23-1918 |
20 |
-50 |
155 |
658865 |
5429770 |
K2 |
NFGC-23-1926 |
40 |
-50 |
356 |
658842 |
5429663 |
K2 |
NFGC-23-1951 |
48 |
-46 |
245 |
658843 |
5429662 |
K2 |
NFGC-23-1962 |
59 |
-49 |
317 |
658843 |
5429662 |
K2 |
NFGC-23-1971 |
66 |
-45 |
227 |
658844 |
5429663 |
K2 |
NFGC-23-1979 |
73 |
-54.5 |
185 |
658871 |
5429746 |
K2 |
NFGC-23-1986 |
39 |
-46 |
194 |
658867 |
5429772 |
K2 |
NFGC-23-1997 |
60 |
-45.5 |
302 |
658829 |
5429766 |
K2 |
NFGC-23-2004 |
77 |
-51 |
239 |
658829 |
5429765 |
K2 |
NFGC-24-2007 |
72 |
-62 |
74 |
658914 |
5429820 |
K2 |
NFGC-24-2010 |
13 |
-45 |
167 |
658900 |
5429829 |
K2 |
NFGC-24-2015 |
35 |
-45 |
71 |
658836 |
5429840 |
K2 |
NFGC-24-2018 |
45 |
-45 |
62 |
658881 |
5429890 |
K2 |
NFGC-24-2019 |
30 |
-45 |
218 |
658845 |
5429793 |
K2 |
NFGC-24-2026 |
35 |
-46 |
110 |
658869 |
5429871 |
K2 |
NFGC-24-2030 |
37 |
-45 |
167 |
658844 |
5429880 |
K2 |
NFGC-24-2036 |
37 |
-45 |
50 |
658822 |
5429894 |
K2 |
NFGC-24-2039 |
61 |
-45 |
80 |
658846 |
5429917 |
K2 |
NFGC-24-2041 |
122 |
-52.5 |
173 |
658937 |
5429732 |
K2 |
NFGC-24-2047 |
109 |
-45 |
119 |
658959 |
5429692 |
K2 |
NFGC-24-2050 |
75 |
-45 |
185 |
658881 |
5429626 |
K2 |
NFGC-24-2055 |
342 |
-77 |
251 |
658795 |
5429622 |
K2 |
NFGC-24-2062 |
335 |
-73 |
257 |
658859 |
5429588 |
K2 |
NFGC-24-2068 |
312 |
-63 |
248 |
658842 |
5429662 |
K2 |
NFGC-24-2073 |
48 |
-57 |
230 |
658881 |
5429626 |
K2 |
NFGC-24-2078 |
20 |
-72 |
218 |
658844 |
5429662 |
K2 |
NFGC-24-2082 |
22 |
-61 |
206 |
658845 |
5429663 |
K2 |
NFGC-24-2084 |
0 |
-76 |
260 |
658830 |
5429765 |
K2 |
NFGC-24-2085 |
31 |
-58.5 |
266 |
658859 |
5429589 |
K2 |
NFGC-24-2086 |
50 |
-73 |
275 |
658641 |
5429646 |
K2 |
Table 3: Details of drill holes reported in this press release
Queensway 650,000m Drill Program Update
The Company is currently undertaking a 650,000m drill program at Queensway and approximately 3,600m of core is currently pending assay results.
Sampling, Sub-sampling, and Laboratory
All drilling recovers HQ core. The drill core is split in half using a diamond saw or a hydraulic splitter for rare intersections with incompetent core.
A geologist examines the drill core and marks out the intervals to be sampled and the cutting line. Sample lengths are mostly 1.0 metre and adjusted to respect lithological and/or mineralogical contacts and isolate narrow (<1.0m) veins or other structures that may yield higher grades.
Technicians saw the core along the defined cutting line. One-half of the core is kept as a witness sample and the other half is submitted for analysis. Individual sample bags are sealed and placed into totes, which are then sealed and marked with the contents.
New Found has submitted samples for gold determination by fire assay to
Drill core samples are shipped to ALS for sample preparation in
Drill core samples are also submitted to MSA in Val-d’Or,
At ALS for fire assay, the entire sample is crushed to approximately 70% passing 2mm. A 3,000-g split is pulverized. “Routine” samples do not have visible gold (VG) identified and are not within a mineralized zone. Routine samples are assayed for gold by 30-g fire assay with an inductively-couple plasma spectrometry (ICP) finish. If the initial 30-g fire assay gold result is over 1 g/t, the remainder of the 3,000-g split is screened at 106 microns for screened metallics assay. For the screened metallics assay, the entire coarse fraction (sized greater than 106 microns) is fire-assayed, and two splits of the fine fraction (sized less than 106 microns) are fire-assayed. The three assays are combined on a weight-averaged basis. Samples that have VG identified or fall within a mineralized interval are automatically submitted for screened metallic assay for gold.
Samples submitted to ALS beginning in
For samples that have VG identified, the entire crushed sample is riffle split and weighed into multiple jars that are submitted for photon assay. The assays from all jars are combined on a weight-averaged basis.
At MSA, the entire sample is crushed to approximately 70% passing 2mm. For “routine” samples that do not have VG identified and are not within a mineralized zone, the samples are riffle split to fill one 450g jar for photon assay. If the jar assays greater than 0.8 g/t, the remaining crushed material is weighed into multiple jars and submitted for photon assay.
For samples that have VG identified, the entire crushed sample is weighed into multiple jars and submitted for photon assay. The assays from all jars are combined on a weight-averaged basis.
All samples prepared at ALS or MSA are also analyzed for a multi-element ICP package (ALS method code ME-ICP61) at ALS Vancouver.
Drill program design, Quality Assurance/Quality Control, and interpretation of results are performed by qualified persons employing a rigorous Quality Assurance/Quality Control program consistent with industry best practices. Standards and blanks account for a minimum of 10% of the samples in addition to the laboratory’s internal quality assurance programs.
Quality Control data are evaluated on receipt from the laboratories for failures. Appropriate action is taken if assay results for standards and blanks fall outside allowed tolerances. All results stated have passed New Found’s quality control protocols.
New Found’s quality control program also includes submission of the second half of the core for approximately 2% of the drilled intervals. In addition, approximately 1% of sample pulps for mineralized samples are submitted for re-analysis to a second ISO-accredited laboratory for check assays.
The Company does not recognize any factors of drilling, sampling, or recovery that could materially affect the accuracy or reliability of the assay data disclosed.
The assay data disclosed in this press release have been verified by the Company’s Qualified Person against the original assay certificates.
The Company notes that it has not completed any economic evaluations of its
Qualified Person
The scientific and technical information disclosed in this press release was reviewed and approved by
About
New Found holds a 100% interest in the
Please see the Company’s website at www.newfoundgold.ca and the Company’s SEDAR+ profile at www.sedarplus.ca.
Acknowledgements
New Found acknowledges the financial support of the
Contact
To contact the Company, please visit the Company’s website, www.newfoundgold.ca and make your request through our investor inquiry form. Our management has a pledge to be in touch with any investor inquiries within 24 hours.
Neither the
Forward-Looking Statement Cautions
This press release contains certain “forward-looking statements” within the meaning of Canadian securities legislation, relating to exploration, drilling and mineralization on the Company’s Queensway gold project in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240410546708/en/
Per: “Collin Kettell”
Email: ckettell@newfoundgold.ca
Phone: +1 (845) 535-1486
Source: