New Found Gold Corp V.NFG

Drilling

[Gangsterme]

With the drill core being analyzed and the visual interpretation of the veining, the geologists are getting a better understanding of the geological history of the area. This, combined with the seismic survey results will allow even more targeted drillling. Not to mention the seismic work will, possibly, in the very near future, point to where they might sink exploratory holes in new areas and find more potentially mineable deposits.

The seismic work will allow them to either target even deeper areas of mineralization or where there is near surface potential. Nothing being posted here will have any bearing on what the company decides, they have a goal, and I am happy to be along for the ride.

[peschenlo]

patient for a long ride. all the best for longies from Germany

[Retiredgeo]

I suspect that there is another financing in the works.  Perhaps a 5% stake to a mining company, similar what recently happened to Snowline.

[AlwaysLong683]

I'd recommend NFG not enter into any agreement with a gold mining company. Staying free of any such an agreement makes a future potential takeout with a wide-open field of suitors much cleaner. Past equity raises are going toward drilling and assaying / photonassaying to grow NFG's list of promising zones and related data, the 3D Seismic Survey work and interpretation, etc. Money well

[Dixiedee]

If they structure it right it should be ok they can have the new company's buy in based on contributions  to the expenses of the project