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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
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Post by knoxton Sep 08, 2021 9:46am
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Post# 33824239

Up date on news

Up date on news
New Found Gold Releases Assay Results from Seven Holes at Lotto Zone in Queensway Project

 

08 Sep 202109:34 ET  

 

09:34 AM EDT, 09/08/2021 (MT Newswires) -- New Found Gold Corp. (NFG.V) on Wednesday released assay results from seven holes drilled at the Lotto Zone as part of an ongoing 200,000-meter diamond drill program at its Queensway project in Newfoundland.

Assay highlights include 111.36 g/t gold at 2.65 meters interval intersected in drill hole NFGC-21-233 and 15.54 g/t at 2.05 meters in NFGC-21-278. The company also drilled 112.51 g/t at 1.90 meters within 76.81 g/t at 2.80 meters in NFGC-21-311.

New Found Gold continues to test new targets at the Lotto Zone, with current exploration focused on extending the main vein to depth and along strike.

The company has drill about 38% of its ongoing diamond drill program so far, with some 21,000 meters of core pending assay results. Nine rigs are operating at the site, with a tenth set to start in the third quarter.

Price: 8.93, Change: -0.08, Percent Change:

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