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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. The Company is 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 an 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 also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

Comment by megacopperon Jan 06, 2021 7:28pm
239 Views
Post# 32238979

RE:RE:RE:RE:RE:Great news

RE:RE:RE:RE:RE:Great news
diabase1 wrote:
  • It's next week boys!!
  •  
  • There is currently a significant backlog of samples from the 2020 drilling at the assay lab including a significant number of samples submitted on a rush basis. Additional results are expected by next week.


 


I think NFG shareholders will be well rewarded for their loyalty in 2021. Next week we should get additional assay results that hopefully confirm what geologists are visually seeing in the drill core and based on prior drill results we should see high grade gold intersections anywhere from a few meters to perhaps 20 meters or more depending on what zones are encountered. These fault structures where the gold is being found are very long and presumably go deep into the ground as Dr. Quinton Hennigh has pointed out. So the potential is huge because of the scale of this project and it's the reason so many investors are excited about this region. NFG has the capital and the team to make it happen.  

I highly doubt you will see 100 meter intersections like happened at Hemlo in Ontario or Arequipa in Peru during the initial discoveries because they are different type gold deposits.  This will take 6 months to a year of a lot of drilling ( 8 drills turning soon) with hundreds of drill holes to prove up millions of ounces of gold. It will take time but for anyone that holds on the reward will be huge. Good luck to all NFG shareholders. 

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