Provided by PR Newswire
Jan 6, 2021 12:45 PM UTC
New Found Gold Doubles Drill Program to 200,000 Meters and Increases to 8 Drill Rigs at Queensway
New Found Gold Doubles Drill Program to 200,000 Meters and Increases to 8 Drill Rigs at Queensway
PR Newswire
VANCOUVER, BC, Jan. 6, 2021
VANCOUVER, BC, Jan. 6, 2021 /PRNewswire/ - New Found Gold Corp. ( New Found or the Company ) (TSXV: NFG) (OTC: NFGFF) is pleased to announce that the Company is expanding the current Queensway drill program from 100,000 meters to 200,000 meters and is increasing the rig count from four to eight drills.
Highlights
The decision to double the current drill program to 200,000 meters was made following an analysis of the multiple high-grade gold intercepts reported from drilling to date and further review of the multiple drill-ready targets defined along 5 km of strike of the Appleton Fault Zone and 3 km of strike of the JBP Fault Zone.