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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

Post by megacopperon Mar 16, 2021 8:41am
242 Views
Post# 32806072

More incredible drill results!!!

More incredible drill results!!!

Wow this Queensway property just keeps delivering mind blowing assay results. This latest drill intercept has 2 ounces of gold over 40 feet. Incredible!!! And this hole is the deepest intersection so far. Adding ounces with every hole now. They are following this thing to the south so it might end up going underneath the Trans Canada Highway. This is crazy!!! Now I see why they want to go back and drill on the Knob prospect 3 km to the south. They will be drilling on both sides of the TCH. And on top of all that they have at least a dozen of high grade targets over a 20 km strike length. This property will make the Swan Zone at Fosterville seem like peanuts compared to Queensway. Craig Roberts states below details. Very impressive drill results to say the least. 

 

Craig Roberts, P.Eng. CEO of New Found, stated: "Drilling at Keats continues to expand the impressive zone of high-grade gold mineralization. The interval of 61.8g/t Au over 13.7m is the furthest south and deepest drill intercept to date and indicates the continuation of a very strong gold mineralizing system capable of producing broad intervals of high-grade gold in this direction. Our excitement continues to grow with this success at Keats, further bolstered by our high-grade discovery at Lotto 2km to the north, and by other recent high-grade drill intercepts along the Appleton Fault Zone. We have recently managed to significantly shorten our turn around time on assays and this in combination with the ramp up to eight drills will significantly accelerate our volume of assay results and news flow. We look forward to reporting further results from Keats, Lotto, and our testing of +12 additional high-grade targets along +20km of the Appleton and JBP Fault Zones."

 
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