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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 nozzpackon May 16, 2024 8:35pm
67 Views
Post# 36044603

RE:Deep holes

RE:Deep holes
 

It's my understanding that the known gold bearing structures acquired  from over 500,000 m of drilling, have been successfully paired with the features  visible in the seismic in near surface depths .

In other words, with this upper calibration analytics , they were in excellent position to apply this calibration to the deeper seismic conceptual targets .

That's why..logically so, they initiated deep drilling in early March to confirm the presence of these gold bearing structures that were being predicted by the shallower drill core-seismic calibration .

In other words, deep drilling has been going on since early March..

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