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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 21, 2021 2:03pm
328 Views
Post# 32847125

Knob target 2km south of Keats Zone

Knob target 2km south of Keats Zone

Strange why Noranda (see below) didn't drill deeper back in 1994 but I'm excited about what they will find deeper down in this area and from there to the Keats Zone 2km to the north. The drilling at the Keats Zone has been following high grade gold to the south in the last few holes so this is starting to make sense now. They are zeroing in on the high grade stuff deeper down. That is where things could get really interesting. Such huge potential. There is one small problem of the Trans Canada Highway that runs between these two zones though but perhaps they can drill underneath the highway Lol


The drill campaign so far has focused on discoveries at the Keats and Lotto zones, although recently the company has also started drilling at its Knob target, about 2 km to the south of Keats, an area previously drilled by Noranda. (In 1994 Noranda reported a historic resource of 77,943 oz. gold at an average grade of 10.3 grams gold per tonne, but drilled only to a depth of about 50 metres, according to Roberts.)

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