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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 knoxton Feb 02, 2022 10:16am
253 Views
Post# 34388839

something to read

something to read High -grade gold now drill defined over 530m down plunge and approximately 300m vertically. • Hole NFGC -21 -238 recently returned a new footwall discovery interval: 88.53 g/t Au over 3.35m. • Significant gold mineralization also intercepted at Keats North (200m north of Keats) and Cokes (500m west of Keats)


Targets along this approximately 1km wide corridor include Golden Joint, Golden Joint HW, Road, Dome, Lotto, and Sunday. • Lotto, Golden Joint, and Golden Joint HW highlights in tables to right – infill and step - out drilling continuing on these targets. • Drill testing planned for multiple additional targets including Dome and Road.


• Golden Joint is a new discovery area approximately 1km north of the Keats Zone. • An intercept of 430.2 g/t Au over 5.25m in hole NFGC-21-241 in new discovery at Golden Joint Zone announced June 30, 2021.


• Drilling to date at Lotto has defined a zone of high-grade gold mineralization with good continuity to a depth of approximately 130m and open. • Mineralization is hosted in an approximately 65o dipping vein filled structure. • The mineralization drilled at Lotto is interpreted to display epizonal features similar to the high-grade gold mineralization encountered Keats.

High-grade gold system along 12.4km strike length of the JBP Fault Zone • Significant opportunity for expansion from the existing zones along strike and at depth. • Very few drill holes reach below 100m vertical depth and significant distances exist between gold zones with no drilling. • Most of the drilling has occurred along a 3km segment of 12.8km of prospective JBP structure on the northern part of the Queensway Project. 2021-22 drilling at 1744, Pocket Pond and 798



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