The additional rigs will allow stepout drilling at the Keats, Lotto and Golden Joint zones over a strike length of 2.6 km along the Appleton fault zone. These zones have returned solid assays including bonanza grades: 3.4 metres grading 88.53 g/t gold from Keats, 2.5 metres at 224.7 g/t gold from Lotto, and 5.3 metres at 430.2 g/t gold from Golden Joint.
Additional drilling will test high-grade targets at the Appleton and JBP faults along a 20-km strike length at Queensway North. The company has plans for the initial drilling of targets at Queensway South.
New Found will build a new 2,325-sq.-metre core shack with a budget of $3 million at the project. There will be 27 offices plus 1,395 sq. metres of core processing space. It is scheduled to be complete in the first quarter of 2022. The core shack will have sufficient capacity to handle even more core should the drill program again be expanded.
Details about the Queensway gold project can be read in the corporate presentation at www.NewFoundGold.ca.
