New Found Gold Corp V.NFG

It keeps getting BIGGER

[knoxt]

Melissa Render, VP of Exploration for New Found Gold, stated: “It is not surprising that we are encountering new orientations of high-grade gold veins within this highly prospective domain of rock located between the Keats Main Zone and the Appleton Fault Zone. This area is of high-priority because it is evident that it has been subjected to the same gold-bearing fluids and related deformation responsible for producing the Keats Main Zone. The data we are collecting allows us to model and accurately project these high-grade veins which is used in our drill hole planning and ultimately increases our success rate for intersecting them. It is an exciting target and this discovery along with the gained knowledge is critical for exploration achievement; work going forward will look for these vein orientations and more importantly, their intersections with other high-grade gold vein orientations. We currently have one drill dedicated to exploring along strike of this intercept in the footwall domain with more drills on the way.”

[megacopper]

    Yes this is more great news but I suspect the market will brush it off and it will be a non event. It seems NFG is a victim of its own early success last spring in which it encountered mind blowing extremely high grade intersections. Now they are only encountering extremely high grade intersections without the mind blowing part. Lol   The interval of 56.69 grams

[likeike]

@Gunner754 A “few” are trying too hard to split the atom here ! EVEN IF preferential halves of some holes were submitted………cores are representations of the average grade over a specific region. There are most likely LOTS of high grade spots which have not been drilled therefore will not contribute to the average grade. The “chosen” halves (if that happened) optically looks bad but SHOULDN'

[likeike]

@HHorseman When someone brings up something totally unrelated to the discussion it's not a good sign for his/her side of the argument   1 15 minutes ago   @RealMoney I need to ask Dough Hurst if we are 2 miles away from Jewelry Box. Good drill result almost 2 oz/t

[likeike]

Play it again Mega I should remind investors that this new zone above in which NFG has intersected below the Keats Main Zone with two drill holes is similar to the Swan Zone at Fosterville in grade and width. Very impressive. The gold system at Queensway is very robust. See below for comparison purposes to understand the significance of this new zone. Like the old saying goes "you can

[megacopper]

      I think investors need to open their eyes and do some research. I don't think I can spell it out any better than I did above comparing Queensway to Fosterville. Although I will add that in my view Queensway is better than that of Fosterville because you can be mining 3 or more zones simultaneously when it does go into production. And it's still early days so

[JRafflesUK]

When it is considered that high grade intersections are found at relatively shallow depths below Keats, would there be any merit in producing a ramp to about 100m below surface.   In this scenario, a drill platform situated at this depth would facilitate drill targeting.  

[Retiredgeo]

As a rule of thumb holes >1500 m are considered deep.  I doubt that any of this near surface drilling would justify the enormous expense of a ramp.  If the gold continues below 1500 m depth, and it might not, a ramp can be considered at that time.