New Discovered first encountered the Keats footwall in October 2021 when it drilled 3.4 metres grading 88.53 g/t gold. The corporate reported one other high-grade intercept of two.5 metres grading 56.69 g/t gold in mid-January this 12 months.
“This can be very encouraging to see this model of high-grade gold mineralization developed within the Keats footwall, the world between the Keats Fundamental zone and the Appleton Fault zone,” mentioned VP of exploration Melissa Render in a launch.
“It’s a massive area with restricted drilling, every time we push a gap deeper, it appears we discover one thing new. Continued drilling will look to develop these zones towards floor and work to higher perceive the community of gold-bearing buildings which are dissecting this expansive block of rock.”
The current assays have been carried out utilizing the Chrysos PhotonAssay methodology. Among the core was later submitted for fireplace assay.
New Discovered is a few third of the best way via its 400,000 metre drill program, and 32,400 metres of core is awaiting assay outcomes. The corporate intends so as to add 4 extra drill rigs by the top of the primary quarter for a complete of 14.
The Queensway challenge covers about 1,410 sq. km of land throughout the Appleton and JBP faults. It’s bisected by Gander Lake within the North and South sections. Queensway North, the place drilling is underway, has a number of high-grade targets alongside a 7.8-km part of the Appleton Fault and 12.4 km of the JBP Fault. At Queensway South, a large-scale regional until program recognized two gold anomalies coincident with the 2 faults.
(This text first appeared within the Canadian Mining Journal)
