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By Sam Boughedda
Investing.com — New Discovered Gold Corp (NYSE:) inventory jumped 14% after it introduced the invention of a brand new high-grade zone on the Keats Zone positioned alongside the Appleton Fault Zone at its Queensway Challenge in Newfoundland.
The Canada-based agency, which had an IPO final month, the realm the place the invention was made stays underexplored, however a number of high-grade intercepts have been beforehand positioned within the zone.
The corporate warned that the realm is ‘structurally advanced’ and hosts a number of secondary high-grade gold-bearing fault zones, requiring follow-up drilling.
Exploration drilling is now testing the extent and orientation of the high-grade gold domains within the space.
“The development of drilling at Keats together with the popularity of the potential for a number of zones of high-grade gold mineralization in veining and related constructions at completely different orientations very carefully parallels the invention development I noticed within the high-grade discoveries on the Fosterville Mine,” acknowledged Dr. Quinton Hennigh, Director of New Discovered.
The Fosterville mine, positioned in Victoria, Australia, and owned by Kirkland Lake Gold (NYSE:), is taken into account the best grade (42 grams per ton), lowest value gold mine on this planet.
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