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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises a approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company is undertaking a 500,000-meter drill program at Queensway.


TSXV:NFG - Post by User

Post by Retiredgeoon Jun 23, 2021 8:31am
314 Views
Post# 33433231

Coarse grained gold

Coarse grained goldNote the hit and miss nature of the drill results. The coarse grained gold is not evenly distributed (far more likely with fine grained gold).  It is luck of the draw whether the drill hits a spectacular intersection like 21-201 or mundane instersections like 20-51, 21-89 and 21-96.  The last two press releases come to mind.

The market likes flashy headlines but the reality is somewhere between 21-201 and 21-89, closer to 21-89.  A hole like 21-201 is encouraging but they need a lot more of the same.
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