Drilling around last year’s discovery hole at the Keats zone within New Found Gold’s wholly owned Queensway gold project in Ontario has returned long intervals of high-grade gold.

As the developer prepares its PureGold mine in Ontario for a first gold pour by year-end, the company has reported high-grade intercepts from its 30,000-metre infill and step-out program.

Drill hole GR20-01 intersected 3.05 metres grading 2.3 grams gold per tonne starting from surface, and GR20-02 cut 3.05 metres grading 1.4 grams gold from 3.05 metres downhole.

The results were highlighted by hole GS-20-75, which hit 1,152 metres of 0.74 g/t gold-equivalent (0.57 g/t gold, 1.75 g/t silver and 0.1% copper) from 112 metres.

The drillhole highlights include 15 metres of 9.7 g/t gold from a vertical depth of 177 metres in hole 118.