RE:RE:RE:drill results NEW FOUND INTERCEPTS 146.2 G/T AU OVER 25.6M
Global1966 wrote: The announcement was made pretty late in the day. Next week should be interesting once the market has absorbed the news.
Anyone know how many drill holes NFG are drilling in total vs how many done to date. This thing is shaping up as a monster
They have roughly 200 holes drilled with plans to drill 1500 holes it total as part of their 200 000 meter fully funded drill program. 7 drills on site hoping to get to ten shortly and talks of increasing to 16 drills eventually. NFG has in excess of 75 million in cash and securities. The zones they are intersecting are on the Queensway North property along the Appleton fault. The fault stretches the entire length of the 115km Queensway property. This gold discovery is absolutely huge and the grade is phenomenal. I'm hearing estimates in excess of 6 million ounces just on the Keats Zone near surface. These type of epizonal structures can go to depth of 1500 meters and beyond. Two km north of the Keats Zone they have the Lotto Zone which is rumoured to be similar to the Keats Zone and 2 km south of the Keats Zone there is the Knob Zone which we haven't received any drill results as of yet as part of this drill program. They have about 100 holes drilled into the Keats, 30 into the Knob, 30 into the Lotto and about 30 holes elsewhere on the JBP fault which is offset 3 km to the east of the Appleton fault. Drilling on the JPG fault has been primarily near Pocket Pond and H Pond. Go to the New Found Gold website for more information. I hope this gets you started in the right direction for getting you up to speed. Enjoy the ride. It's going to be spectacular!!!