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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 BlindBoyon Jun 30, 2021 9:35am
271 Views
Post# 33472430

NFG's results are redefining the playbook !

NFG's results are redefining the playbook ! Over the past decade or so, a number of juniors have drilled great holes, which shot their stock prices up like rockets ! 
I especially remember Atac back at the end of 2010 hitting what was then considered a "spectacular" hole (32.64m @ 8.91 g/t au) at their Rackla project in the Yukon. 
That was proclaimed to be the ushering in of the Yukon's version of Nevada's "Carlin" deposit, and shot the stock to around $10 1/2. 
However, that drill hole was never duplicated, and the follow up programs have shown "some" middling success, but nothing to re-float the price to its (short lived) previous glory days.

NFG has been shooting out the lights, with glory hole after glory hole!  Even the holes deemed by "some" as disappointing, are great holes in most any other universe. 

Some have bemoaned the lack of larger step-outs.  This latest hole pretty much demonstrates the team at NFG know exactlly what they're doing.

They have now essentially proven up spectacularly successful step-outs, not at the normal 100m intervals, but at 1000m (this new "Golden Joint Zone"), and at 2000m (the holes at the "Lotto Zone").

This is not looking in the least like a "one hit wonder" !
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