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.

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New Found Gold Corp > "Jewelry Boxes Defined"

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Comment by Snidelyon Sep 27, 2021 8:46pm

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Post# 33928632

RE:"Jewelry Boxes Defined"

This was my attempt to rough out an estimate for gold in Keats based on the average gold/ton over the generalized zone compared to the weight/volume of quartz. I ended up coming to the conclusion that there was about 800k oz of the really high grade stuff and 1-2M of the surrounding lower grade that was economically recoverable.

This was also about 3-4 months ago, so some dimensions might be adjusted based on updated drill results.

[img]https://https://ibb.co/bPdxZB7[/img]

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