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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 Jul 05, 2023 10:26am
222 Views
Post# 35527220

Press release

Press releaseHoles 1273, 1306 and 1312 are 25-50 m stepbacks from holes 1201, 1128 and 1248 respectively.  The 1161-1201-1273 line continues to be unspectacular.  The 1120-1128-1141-1136 line contines to score high grades giving good vertical continuity.

The surprise is 1312 which was a depth projection of 1236-1248, neither of which found much.  In these high grade gold systems the high grade comes and goes.

Hole 1288 may have been a structural hole.  There is a jog in the iceberg zone at depth.

Iceberg East continues to pop but no screamers yet.

Iceberg is going deeper but they have yet to expand it NE or SW.
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