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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 Flyderon Aug 12, 2021 8:24am
168 Views
Post# 33690568

RE:News out - A Teaser

RE:News out - A Teaser"At Keats three drills are continuing step out holes down plunge to the south"  -  This to me is very significant.  You don't put 3 drills, drilling steadily, on a 'dead zone'.  Or even a mediocre zone.  They are hitting high grade here, that's being rushed to the lab.  Going deeper - does it get even richer than what we've already seen down there?  Compare these 3 drills at Keats to Lotto, with only 1 drill doing set-outs.

Also encouraging are the 2 drills at Golden Joint.  Again - the more drills focused on a location, the more I believe it tells you about what they are seeing in the core.


Drilling is now underway at Zone 36, a recently discovered grass roots target located on the west side of the Appleton Fault, approximately 700m north of Lotto - This is interesting.  They pulled the drill off of Cokes, which had very interesting results, and seem to be devoting at least 1 drill to roving around the country to find new zones.  I have no problem with that at all.  The more zones they find, the merrier.

The Company has continued to experience significant backups at the assay laboratories

That, there, is an understatement, even if they did use the term 'significant'.




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