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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 diabase1on Jul 11, 2021 7:11am
418 Views
Post# 33527450

Correction!

Correction!Megacopper, you are right. There are only 6 gold in till anomalies in NFG's Queensway South. I was using Golden Ridge's (GLDN) gold in till map that showed 7 anomalies. After checking this map over more clearly, I noticed that NFG's  6 anomalies were on it, located exactly as they should be. However, the 7th anomaly was GLDNs, superimposed with NFGs. The colour scheme was the same too for each anomaly, so I can now see my error in counting 7.
In checking further, I see where Sparton Resources carried out a gold in till and stream sediment survey in 2002, downstream from the center of the Williams property.  GLDN also carried out their own soil survey with the results released on Oct 26, 2020. I believe the combination of the above 2 surveys is what's plotted on their map, shown in their June 2021 Presentation. Check out GLDN's gold in till map. Hope this clarifies the extra gold in till/soil anomaly. The one nice thing about it, is that GLDN's anomaly lies close, if not on the Appleton Fault!!

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