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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

Comment by Kewl002on Jul 29, 2021 1:35am
126 Views
Post# 33619576

RE:RE:RE:RE:Lab results from anybody?

RE:RE:RE:RE:Lab results from anybody?AL -- no -- I think they can pick and choose which assay results to release as long as whatever is not released is not going to negatively impact external shareholders.I would actually EXPECT that at the exploration stage, the majority of drill holes would be dry until mineralization is discovered and the drill team can focus on a known zone.

NFG "seems" to be hitting mineralization on every darn drill hole which is an extremely rare occurrence.

For clarity, if a drill hole comes up dry -- I don't think they are obligated to release that information ever.  It is rare that a drill hole with zero results is posted anywhere / ever although 
sometimes within an N43-101 document they might list all drill holes and mark dry holes as NO MINERALIZATION --> even then I suspect that is just good corporat governance vs a required note.

Perhaps others on the BB have had experiences with mining companies re: zero/dry result drill holes and can add their comments.


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