The holes were drilled from the west to the east to better test how a secondary set of gold veins and associated structures intersect at Iceberg on the Keats-Baseline fault zone, the company said.
“Infill and definition drilling at Iceberg and Iceberg East have provided us with a comprehensive picture of the near-surface expression of this portion of the fault,” Melissa Render, vice-president of exploration, said in a release. “The fault has demonstrated several times over that it is a very important structure.”
New Found is expanding the drill program at Iceberg and Iceberg East, using seismic data to help target more gold mineralization in the fault. The company started drilling on the project five years ago, completing 500,000 metres by last year and added another 150,000 to the planned total. There’s been no resource declared yet.
The Queensway project has consistently reported strong drill results, topping The…
