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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 TheGreekGoldGuyon Aug 10, 2022 8:39am
70 Views
Post# 34884054

RE:GGG - i read it again, one paragraph at a time. Highlights

RE:GGG - i read it again, one paragraph at a time. Highlights
braindeadoldguy wrote: The entire news release should be read slowly and thought about.  Some things I noted for myself are these:

Note it says noteworthy intervals.  This shows that the system is linked.

  • These new results are defining an extensive network of mineralized veins including Umbra, Penumbra, Apogee, Enigma, and Perigee/515 over a roughly 630m long x 150m wide area linking Keats Main and the 515 discovery area (Figure 1). These veins start at the surface, are generally steeply dipping, and to date have been drill tested to a maximum vertical depth of 125m.
  • Noteworthy intervals in these veins include:
    • 45.9 g/t Au over 2.75m in NFGC-22-578 (Umbra);
    • 19.3 g/t Au over 2.05m in NFGC-22-610 (Umbra);
    • 40.6 g/t Au over 2.00m in NFGC-22-586 (Enigma);
    • 24.1 g/t Au over 2.20m in NFGC-22-580 (Enigma);
    • and 13.2 g/t Au over 2.05m and 10.7 g/t Au over 2.70m in NFGC-22-559 (Enigma).
The GGG points out at the end of his post the gram/meters on these holes.  Incredible.

One other thing of note is this:  It shows how they are linked together.

  • Due to a thin cover of glacial till there is very limited surface exposure of bedrock along the AFZ corridor including between Keats Main and Golden Joint, and until recently there had been essentially no drill testing of this gap. In early 2022 the Company implemented a program of systematic grid drilling between Keats and Golden Joint leading to the 515 discovery (43.9 g/t Au over 3.85m in NFGC-22-515 (reported April 13, 2022) and two near surface intervals of 8.70 g/t Au over 6.75m in NFGC-22-533 and 275 g/t Au over 2.15m in NFGC-22-538 (reported May 4, 2022).
As an important addition, we have this to look forward to:
  • The results reported in this release are the initial assays following up on these discovery holes, with further results including several high priority holes anticipated in the next several weeks.
So folks, it's not like the company is scrabbling to impress the market with results.  This is the company working on proving it up, drilling t at the rate of 5,000 meters a week.  A WEEK!  Every week.  

Finally, don't pay attention to the stock market trolls who only have one agenda while shorting the stock and planting seeds of doublt along the way, playing their game.  They will disappear like heavy fog lifts in the morning heat.

B-dog

B-dog, you are by far the most astute and intelligent brain dead guy that the GGG knows. Not only is NFG drilling over 5000m a week, but they are continuously adding more drills to their program. It's interesting to note that NFG, because of the large number of holes drilled, combined with modeling  is now able to provide investors with the strike size in length and width. They first did this with NFGC 22-593. Several hundred thousand ozs of gold could probably be mined a year here, with even a small mining operation. One trhing is certain, there will be a mine built on the Keats discovery. We could be finding out at trhe conclusion of NFG's drilling program, who night be the company lucky enough to buyout NFG. 

The GGG here, NFG is bursting with gold, The explosion could happen sooner than expected. For such a massive near surface discovery, the NFG share price is ridiculously low. It's going to be a mega-billion jackpot for NFG shareholders one day

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