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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 Jun 27, 2021 12:53am
306 Views
Post# 33457115

RE:RE:Several high priority targets over 7.8 km

RE:RE:Several high priority targets over 7.8 km

GoldGravy wrote: QH likes to drop investors hints without crossing the line of sharing true material information. In the last Crescat video he brought up the fact that LAB's targets have been all west of the Appleton Fault and NFG's all to the east. The way he mentions it and kind of pauses could be a hint at the next big development in the Queensway-Kingsway story. Have there been reports of drills on the west side of the AF this spring (zone 36 or coke or powerline)? Or have the LAB boys come across a new large quartz vein east of the AF? If the next big discovery occurs on the opposite side of the fault for either outfit that could be quite interesting.

 

I would say based on what I saw with my own two eyes that 95% of NFG's drilling has been offset parallel by a couple hundred meters to the east of the Appleton Fault. 

I can't comment on LAB's drilling because I was only out there once on that side of the Gander River and I did not see any drills. Perhaps I didn't drive far enough or the drills were hidden from view. 

So I'll take Quinton Hennigh at his word about LAB's targets being west of the Appleton Fault. NFG's main zones are definitely to the east of the main Appleton Fault. I don't think NFG has done much drilling to the west of the fault so my guess it has something to do with LAB finding something on the eastern side of the fault if that is what Quinton Hennigh was implying. I really don't know. But you would think that LAB would be looking on the eastern side of the fault given that NFG has hit all the high grade zones just east of the fault. You would think that would just be common sense given it's along the same structure. 

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