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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 farmboy75on Sep 08, 2021 10:54pm
194 Views
Post# 33829490

RE: Tough bunch to please

RE: Tough bunch to pleaseMega you are correct saying than many that post and invest in gold stocks really have a poor understanding of geology. You have been around and learnt much over the years from your father. Until I worked underground I had little knowledge of geology or how minerals were dispersed thru the rock. Just working underground and observing the twists and flows of the viens was a great education for me. Considering that these intercepts add greatly to the known resourse is indeed fantastic news. When you are drilling step outs of 10 or 20 meters to expand the resource footprint,    it is entirely possible to miss a narrow vien of very high grade. You are actually drilling somewhat blind trying to hit a needle in a haystack. So with the limited number of drill results reported to date, the results have been no less than incredible ,and then there are the huge hits in multible zones also and many other targets pending. Another thing to consider as most results to date are going to be an open pit scenario all those narrow viens of high grade will be mined and add greatly to the number of ounces produced. News time. GLTAL.         
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