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.

TSXV:NFG - Post by User

New Found Gold Corp > 430.2 g/t Au over 5.25m - Wow!!!

<< Previous

Bullboard Posts

Next >>

Post by AlwaysLong683on Jun 30, 2021 7:39am

293 Views

Post# 33471968

430.2 g/t Au over 5.25m - Wow!!!

Another monster core in a third zone:

New Found Intercepts 430.2 g/t Au Over 5.25m in New Discovery at Golden Joint Zone, 1km North of Keats

Canada Newswire

VANCOUVER, BC , June 30, 2021 /CNW/ -

New Found Gold Corp. (" New Found " or the " Company ") (TSXV: NFG) (OTC: NFGFF) is pleased to announce assay results from four holes drilled at the Golden Joint zone, a brand new discovery located approximately 1km north of the Keats Zone and approximately 850m south of the Lotto Zone.

These holes were drilled as part of the Company's ongoing 200,000m diamond drill program at its 100%-owned Queensway Project (" Queensway "), located on the Trans-Canada Highway 15km west of Gander , Newfoundland.

The intercept of 430.2 g/t Au over 5.25m in hole NFGC-21-241 represents a grade x width ("metal factor") value of 2,258 g/t Au x meters**, the second highest value encountered to date on the Queensway project. Furthermore, over 700 grains of gold were observed in this 5.25m intercept, representing the most per meter seen to date anywhere at the Queensway Project.

<< Previous

Bullboard Posts

Next >>

Rig Count Soars as Utilization Surpasses Industry Averages