On March 1, New Found Gold announced the discovery of Iceberg, a high-grade surface zone located 300 metres northeast of the Keats Main zone. According to the NFG geologic team, this discovery has a similar orientation to Keats Main and is comprised of a multitude of intersecting veins concentrating high-grade gold mineralization.
Drilling collared into the mineralization yielded 15.3 g/t gold over 10.75 metres, while two 25-metre step-out holes intersected 72.2 g/t gold over 9.65 metres and 19.7 g/t gold over 5.65 metres, respectively. All three intercepts were shallow, occurring at depths of less than 30 metres from surface.
The new diamond drill hole (NFGC-23-1120), which also yielded 14.6 g/t gold over 3.8 metres, was completed as part of NFG’s follow-up program at the Iceberg discovery. It represents a 25-metre stepdown below the fence of the three discovery holes.
Starting at 35 metres from surface, NFGC-23-1120 exhibits a…
