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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 Apr 25, 2021 8:18pm
281 Views
Post# 33064508

RE:RE:RE:Eric Sprott buying more

RE:RE:RE:Eric Sprott buying more

Great posts by blindboy and goldcasino. Well informed guys right there. The only thing I can add is that things changed with the March 16th news release by NFG with hole 118. After that release two days later Eric Sprott invest $15 million in NFG at $5.25 and within days also invests in SIC and has since invested even more money in LAB and has bought more shares in NFG last week. Eric Sprott is indeed doubling down on this region  he obviously likes what he's seeing for the entire region as both Quinton Hennigh and Eric Sprott have placed large bets on the entire region  

Obviously hole 118 was a game changer but we only got partial assays back from that hole. That is the one they got 62 g/t over 13.8 meters 211 meters down hole. They said they would release the entire assays from that hole when received and it was 500 meters deep at the time of that news release. so I think we should be getting them any day now. Also there were a lot more deep holes in the vicinity of hole 118 that were the furthest south and deepest at the Keats Zone. They are obviously onto something really good near hole 118. They will be drilling right next to the TCH very soon  You can clearly see the drills on the Keats Zone from the highway near the end of the long linear pond just north of the highway. I heard they have got govt permission to drain this pond so that is the sweet spot underneath that pond or right next to it. 

On the other side of the highway on the Gander Lake side there is at least one drill (maybe two) in there within one km of the highway I am assuming they are drilling in the vicinity of the Knob prospect near a local construction pit. Another drill is over near H pond drilling that prospect. Of course the Keats Zone has at least two drills and then there is the Lotto Zone and the mysterious Sunday Zone. I have to go back and read the news release again on that one. I think the Sunday Zone is just a few hundred meters north of the Lotto Zone but I'm not 100% sure about that. It's difficult to keep up with all the action with so many high grade zones in such a short time frame. It's crazy.  I'm thinking we will have blastoff for the stock any day now. NYSE listing and more great drill results coming very soon in my opinion. The stock is like a coiled spring. They are onto an incredible high grade gold discovery. and they have narrowed in on the sweet spot. I can feel it in my bones. Go NFG!!!

 

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