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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 Jul 18, 2021 9:33am
158 Views
Post# 33566587

RE:RE:RE:RE:Reminder of why we are NFG shareholders

RE:RE:RE:RE:Reminder of why we are NFG shareholders

diabase1 wrote: Thanks Megacopper. That's my take as well. I think maybe a mini seismic survey would assist them on getting a better understanding of the structural nature at depth. Also, if they have 10 drills going, perhaps they could start Queensway South, by taking 2 of those drills!!

 


Yes all information is useful to geologists so I do think a seismic survey would help them but I'm thinking this Goldspot AI technology is what they have used mainly and it's been phenomenal in helping pinpoint the high grade zones. Dennis Laviolette and his Goldspot team are the ones that zeroed in on the initial discovery hole of 19 meters of 93 g/t when past operators like Noranda and Rubicon failed. But in Noranda's defence they were mainly a base metals company and the team in NL were in the process of transitioning towards looking for precious metals. You have to give the prospectors like Al Keats huge credit for finding this prospect. Determined is an understatement and as he said in the video you never give up. Past operators had limited capital as well so their hands were tied due to very tiny budgets. It's not everyday a gold junior shows up on your doorstep with $75 million dollars and begins to pepper the countryside with 250 plus drill holes and counting with plans to drill 1000 plus more holes. These boys aren't fooling around. They know the prize they are after and they are delivering big time. 

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