Post by
Dixiedee on Feb 28, 2024 11:10pm
What has changed De-risking continues daily
Newfound gold has 25 high grade zones
has expanded a number of these zones significantly
have 2100 meters pending from the completed 500,000 meter program
have completed the 3 D siemic survey and have begun a fully funded drill program guided by this siemic survey
currently have 5 drills on-site one drill targeting new zones 2 drilling to depth
and 2 drills targeting existing zones all guided by the 3D siemic survey
We know they have a # of zones (at least 8) that have high grade gold deposits that are shallow from surface to 400 meters perfect for open pit mining.
They have removed top soil and exposed a large veins of gold in the Keats zone . a mining geologist that I spoke with says he would think this may have been done at the request of an interested party .
It exposed these viens at a extremely low cost compared to what drilling it would of cost .it also gave them a lot more detailed information than limited drilling could have done .
The drilling taking place right now will point to what direction the company will take next
That could be taking on a buy in partner
that could be starting to mine the open pits them self
that could be selling some of the zones out right taking a royalty
are all of the above
they have a lot of choices coming up
the drill results will define this project not childish or bullying posts by a few misguided posters here
I have added to my position today and will continue to add at these ridiculously low discounted prices
Do your own Due Diligence not on here go to Newfoundgolds website for great published info and videos that's a good starting point
Comment by
BUYSilverGold on Feb 28, 2024 11:16pm
Company Promoters ALWAYS post they bought more shares....always....well done BUY more, lol