New Found has a tolling agreement with Maritime Resources to process ore from the Queensway project at the Pine Cove mill. Credit: New Found Gold
The latest drill results have allowed New Found Gold (TSXV: NFG; NYSE-A: NFGC) to extend the near-surface, high-grade part of the Iceberg-Iceberg East zone to 655 metres. The zones are part of the 100%-owned Queensway gold project located 15 km west of Gander, Newfoundland.
Assays from three of the best holes in the Iceberg East zone are: Hole NFGC-23-1235 returned 7.56 g/t gold over 13.4 metres, including 91.75 g/t over 0.8 metre. Hole NFGC-23-1608 returned 15.38 g/t over 5.1 metres, including 63.73 g/t over 1.1 metre. Hole NFGC-23-1942 returned 14.82 g/t over 3.5 metres, including 63.71 g/t gold over 0.8 metre.