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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 likeikeon Jan 13, 2022 9:49am
156 Views
Post# 34312213

RE:RE:It keeps getting BIGGER

RE:RE:It keeps getting BIGGERPlay it again Mega


I should remind investors that this new zone above in which NFG has intersected below the Keats Main Zone with two drill holes is similar to the Swan Zone at Fosterville in grade and width. Very impressive. The gold system at Queensway is very robust. See below for comparison purposes to understand the significance of this new zone. Like the old saying goes "you can lead a horse to water but you can't force them to drink" so eventually the market will figure it out. Eric Sprott said it took the market two or three years to figure out just how rich the Fosterville mine was so let hope it doesn't take that long with Queensway. 

 



The Swan Zone, currently the highest grade mineralized zone at Fosterville, is 2-5m in width, dips west and is presently defined over a 275m strike and a 200m vertical extent.


In particular, the Swan Zone (previously known as Lower Phoenix Footwall) contributed 532,000 ounces at an average grade of 58.8 g/t Au (281,000 tonnes) to the updated Mineral Reserve estimate.

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