New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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.

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New Found Gold Corp > Coarse grained gold

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Comment by Retiredgeoon Jun 23, 2021 9:27am

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Post# 33433530

RE:RE:Coarse grained gold

If you read the details of the press release they are using a cutoff of 1 g/t over >2 m, meaning anything less is unmentioned and not part of the calculation. In other words, they have >1 g/t over 11.5 m including 2.45 m of very high grade gold which is the bulk of the assay.

Yes 2.45m of 683 g/t is very impressive but it was also **** luck that they hit it. The other 3 holes and presumably most of 21-201 is just over 1 g/t.

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