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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 Retiredgeoon Feb 24, 2022 6:59am
168 Views
Post# 34456823

RE:RE:Press release

RE:RE:Press releaseYou can think of the gold bearing structure as a plane interseting the surface at ~40 degrees.  The line of intersetion (strike) has been defined to 800m and is still open in both directions.  The plane continues to 845m down plunge and remains open at depth (vertical depth is a rather meaningless metric).  Crunching the numbers, the plane is now 676,000 m2.  This ia big deposit and growing!
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