![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
National Fuel Gas Co | NYSE:NFG | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.49 | 0.86% | 57.18 | 57.72 | 56.78 | 57.00 | 415,778 | 19:35:33 |
New Found Gold Corp. (“New Found” or the “Company”) (TSX-V: NFG, NYSE-A: NFGC) is pleased to announce the results from 25 diamond drill holes that were completed as part of a drill program designed to expand on both the newly discovered Keats West zone, a low-angle thrust fault that dips gently to the south-southwest and located on the west side of the highly prospective Appleton Fault Zone (“AFZ”) and from Keats North. New Found’s 100%-owned Queensway project comprises a 1,662km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230418005567/en/
Figure 1: Photos of mineralization from NFGC-22-911: Left: at ~60.4m Right: at ~62m. ^Note that these photos are not intended to be representative of gold mineralization in NFGC-22-911. (Photo: Business Wire)
Keats West and Keats North Highlights:
Hole No.
From (m)
To (m)
Interval (m)1
Au (g/t)
Zone
NFGC-22-852
161.95
164.45
2.50
16.00
Keats N
Including
162.90
163.45
0.55
69.10
And
171.50
173.65
2.15
10.76
Including
172.50
173.05
0.55
40.50
NFGC-22-880
173.75
175.85
2.10
14.43
Keats N
Including
174.50
174.95
0.45
64.00
NFGC-22-901
181.65
184.30
2.65
18.17
Keats N
Including
182.80
183.20
0.40
98.70
NFGC-22-946
94.85
97.00
2.15
13.12
Keats FW
Including
95.40
96.40
1.00
27.80
NFGC-22-911
56.00
87.55
31.55
4.27
Keats W
Including
60.70
62.10
1.40
14.66
Including
86.00
87.55
1.55
31.06
NFGC-22-935
105.90
123.50
17.60
2.07
Keats W
Including
114.45
114.85
0.40
10.60
NFGC-22-996
39.40
64.00
24.60
1.28
Keats W
NFGC-22-1049A
66.40
77.35
10.95
1.40
Keats W
And
95.00
107.20
12.20
1.10
NFGC-23-1108
94.00
98.65
4.65
8.42
Keats W
Including
95.00
96.45
1.45
12.47
Including
98.00
98.65
0.65
12.60
Table 1: Keats West and Keats North Drilling Highlights
1Note at Keats West, host structures are interpreted to be shallowly dipping and true widths are generally estimated to be 60% to 95% of reported intervals. At Keats North, true widths are unknown at this time. At Keats FW host structures are interpreted to be steeply dipping and true widths are generally estimated to be 40% to 55% 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.
Melissa Render, VP of Exploration for New Found, stated: “Keats West ranks high amongst the many discoveries made to date at Queensway. It is also a very unique zone and for many reasons:
“Yet, despite its uniqueness, Keats West has also delivered two intercepts that reside on our list of top intervals ever drilled on the property including 42.6 g/t Au over 32.00m in NFGC-22-960 (released November 28, 2022) and 18.6 g/t Au over 16.00m in NFGC-22-773 (released on November 23, 2022). This reinforces that high-grade gold at Queensway can be found in a variety of structures and geological environments leading to no shortage of gold targets.”
Drillhole Details
Hole No.
From (m)
To (m)
Interval (m)1
Au (g/t)
Zone
NFGC-22-806
47.00
49.00
2.00
3.67
Keats N
NFGC-22-813
10.30
13.00
2.70
1.97
Keats N
And2
22.00
36.10
14.10
2.13
Including2
22.55
23.60
1.05
15.67
And
47.50
49.70
2.20
1.01
NFGC-22-839
168.80
171.20
2.40
1.02
Keats N
And
257.00
259.40
2.40
1.65
NFGC-22-852
96.70
98.90
2.20
1.49
Keats N
And
161.95
164.45
2.50
16.00
Including
162.90
163.45
0.55
69.10
And
171.50
173.65
2.15
10.76
Including
172.50
173.05
0.55
40.50
And
245.00
247.00
2.00
1.51
NFGC-22-860
191.80
194.00
2.20
1.09
Keats FW
And
216.00
218.00
2.00
7.94
Including
216.60
217.30
0.70
22.20
And
363.30
367.15
3.85
3.23
NFGC-22-864
139.50
141.65
2.15
1.21
Keats N
NFGC-22-880
113.65
116.15
2.50
1.01
Keats N
And
173.75
175.85
2.10
14.43
Including
174.50
174.95
0.45
64.00
NFGC-22-901
52.70
54.85
2.15
1.16
Keats N
And
62.00
64.25
2.25
1.07
And
181.65
184.30
2.65
18.17
Including
182.80
183.20
0.40
98.70
NFGC-22-907
90.00
92.15
2.15
1.97
Keats FW
And
99.00
101.00
2.00
1.19
And
139.60
142.00
2.40
1.17
And
247.15
249.90
2.75
1.67
NFGC-22-909
No Significant Values
Keats N
NFGC-22-911
16.80
24.20
7.40
1.33
Keats W
And
29.00
32.05
3.05
1.41
And
56.00
87.55
31.55
4.27
Including
60.70
62.10
1.40
14.66
Including
86.00
87.55
1.55
31.06
NFGC-22-921
No Significant Values
Keats N
NFGC-22-926
No Significant Values
Keats W
NFGC-22-935
11.00
13.00
2.00
1.14
Keats W
And
39.60
46.00
6.40
1.36
And
63.00
65.00
2.00
1.30
And
70.60
78.00
7.40
2.11
And
86.00
90.00
4.00
2.68
And
105.90
123.50
17.60
2.07
Including
114.45
114.85
0.40
10.60
NFGC-22-936
253.85
255.85
2.00
1.59
Keats N
And
315.00
317.00
2.00
1.85
NFGC-22-946
94.85
97.00
2.15
13.12
Keats FW
Including
95.40
96.40
1.00
27.80
NFGC-22-961
75.90
78.15
2.25
1.57
Keats N
NFGC-22-967
No Significant Values
Keats FW
NFGC-22-978A
24.85
32.35
7.50
2.32
Keats W
And
37.10
44.75
7.65
2.33
And
51.40
54.40
3.00
3.97
And
102.55
105.20
2.65
3.36
And
126.00
136.70
10.70
1.34
And
145.10
148.65
3.55
1.05
NFGC-22-996
23.40
25.75
2.35
2.54
Keats W
And
39.40
64.00
24.60
1.28
NFGC-22-1023
No Significant Values
Keats N
NFGC-22-1036
No Significant Values
Keats N
NFGC-22-1048
No Significant Values
Keats N
NFGC-22-1049A
66.40
77.35
10.95
1.40
Keats W
And
95.00
107.20
12.20
1.10
And
123.00
129.05
6.05
1.40
NFGC-23-1108
56.00
62.30
6.30
2.39
Keats W
And
82.40
84.70
2.30
1.28
And
94.00
98.65
4.65
8.42
Including
95.00
96.45
1.45
12.47
Including
98.00
98.65
0.65
12.60
Table 2: Summary of composite results reported in this press release for Keats West and Keats North
1Note at Keats West, host structures are interpreted to be shallowly dipping and true widths are generally estimated to be 60% to 95% of reported intervals. At Keats North, true widths are unknown at this time. At Keats FW host structures are interpreted to be steeply dipping and true widths are generally estimated to be 40% to 55% 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.2Previously reported interval.
Hole No.
Azimuth (°)
Dip (°)
Length (m)
UTM E
UTM N
Prospect
NFGC-22-806
300
-62
188
658233
5427802
Keats N
NFGC-22-813
300
-62
158
658243
5427825
Keats N
NFGC-22-839
299
-45
332
658320
5427837
Keats N
NFGC-22-852
300
-45
281
658256
5427875
Keats N
NFGC-22-860
119
-45
414
657811
5427655
Keats W
NFGC-22-864
300
-45
503
658314
5427869
Keats N
NFGC-22-880
300
-45
416
658278
5427862
Keats N
NFGC-22-901
300
-45
227
658278
5427920
Keats
NFGC-22-907
145
-49
318
657887
5427611
Keats W
NFGC-22-909
300
-45
356
658297
5427909
Keats N
NFGC-22-911
120
-45
352
657991
5428056
Keats W
NFGC-22-921
300
-45
335
658321
5427895
Keats N
NFGC-22-926
300
-45
191
657989
5428057
Keats W
NFGC-22-935
120
-45
302
657962
5428016
Keats W
NFGC-22-936
300
-45
428
658388
5428058
Keats
NFGC-22-946
300
-45
176
658165
5427523
Keats
NFGC-22-961
300
-45
302
658370
5428068
Keats
NFGC-22-967
300
-45
329
658109
5427526
Keats
NFGC-22-978A
118
-50
204
657980
5427948
Keats W
NFGC-22-996
35
-45
93
658124
5427976
Keats W
NFGC-22-1023
300
-45
167
658451
5427964
Keats N
NFGC-22-1036
300
-45
257
658461
5427929
Keats N
NFGC-22-1048
300
-45
275
658430
5427919
Keats N
NFGC-22-1049A
114
-45
315
657909
5427989
Keats W
NFGC-23-1108
55
-47
233
657906
5427818
Keats W
Table 3: Details of drill holes reported in this press release
Queensway 500,000m Drill Program Update
The Company is currently undertaking a 500,000m drill program at Queensway and approximately 60,600m of core is currently pending assay results.
Sampling, Sub-sampling, and Laboratory
Assays are uncut, and composite intervals are calculated using 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.
All drilling recovers HQ core. 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 meter 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 submits samples for gold determination by fire assay to ALS Canada Ltd. (“ALS”) and by photon assay to MSALABS (“MSA”) since June 2022. ALS and MSA operate under a commercial contract with New Found.
Drill core samples are shipped to ALS for sample preparation in Sudbury, Ontario, Thunder Bay, Ontario, or Moncton, New Brunswick. ALS is an ISO-17025 accredited laboratory for the fire assay method.
Drill core samples are also submitted to MSA in Val-d’Or, Quebec. MSA operates numerous laboratories worldwide and maintains ISO-17025 accreditation for many metal determination methods. Accreditation of the photon assay method at the MSA Val D’Or laboratory is in progress.
At ALS, 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.
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 two 450g jars for photon assay. The assays reported from both jars are combined on a weight-averaged basis. If one of the jars assays greater than 1 g/t, the remaining crushed material is weighed into multiple jars and are submitted for photon assay.
For samples that have VG identified or are within a mineralized zone, the entire crushed sample is weighed into multiple jars and are 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 5% 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 news 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 Queensway Project and that the Queensway Project does not have any resources or reserves.
Qualified Person
The scientific and technical information disclosed in this press release was reviewed and approved by Greg Matheson, P. Geo., Chief Operating Officer, and a Qualified Person as defined under National Instrument 43-101. Mr. Matheson consents to the publication of this press release dated April 18, 2023, by New Found. Mr. Matheson certifies that this press release fairly and accurately represents the scientific and technical information that forms the basis for this press release.
About New Found Gold Corp.
New Found holds a 100% interest in the Queensway Project, located 15km west of Gander, Newfoundland and Labrador, and just 18km from Gander International Airport. The project is intersected by the Trans-Canada Highway and has logging roads crosscutting the project, high voltage electric power lines running through the project area, and easy access to a highly skilled workforce. The Company is currently undertaking a 500,000m drill program at Queensway and is well funded for this program with cash and marketable securities of approximately $64 million as of April 2023.
Please see the Company’s website at www.newfoundgold.ca and the Company’s SEDAR profile at www.sedar.com.
Acknowledgements
New Found acknowledges the financial support of the Junior Exploration Assistance Program, Department of Natural Resources, Government of Newfoundland and Labrador.
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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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 Newfoundland and Labrador; assay results; the interpretation of drilling and assay results, the results of the drilling program, mineralization and the discovery of zones of high-grade gold mineralization; plans for future exploration and drilling and the timing of same; the merits of the Queensway project; future press releases by the Company; and funding of the drilling program. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “interpreted”, “intends”, “estimates”, “projects”, “aims”, “suggests”, “indicate”, “often”, “target”, “future”, “likely”, “pending”, “potential”, “goal”, “objective”, “prospective”, “possibly”, “preliminary”, and similar expressions, or that events or conditions “will”, “would”, “may”, “can”, “could” or “should” occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of assay results and the drilling program, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. The reader is urged to refer to the Company's Annual Information Form and Management’s discussion and Analysis, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230418005567/en/
New Found Gold Corp. Per: “Collin Kettell” Collin Kettell, Chief Executive Officer Email: ckettell@newfoundgold.ca Phone: +1 (845) 535-1486
1 Year National Fuel Gas Chart |
1 Month National Fuel Gas Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions