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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 Retiredgeoon Apr 25, 2023 7:13am
334 Views
Post# 35411820

Press release

Press releaseA superior version of todays press release can be found on the home page.

23-1040 is an impressive result which yielded 12.85 g/t over 47.9 m (this includes the barren gap).  Once again don't think underground mine, think open pit.  This is a spectacular open pit result which most exploration companies would kill for!  In an open pit model no one cares what vein widths are.  The shorters are trying to make hay out of vein widths.

23-1155 only caught the refractory halo because it was too high up.  I'm not sure what the other three holes were about.  They appear to be theory busters.

The only down side to this press release is that it was more infill than anything else.  Keates West remains 250x305x30 m in size.  If it wasn't for 23-1040 they probably would have delayed another week before releasing.
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