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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 Oct 04, 2021 11:48pm
208 Views
Post# 33965548

RE:RE:RE:Site Visit

RE:RE:RE:Site Visit

95Bearcat wrote: Wajac, my point was NFG is in the early stages of drilling. They have less than a hundred kilometers drilled while companies like OSK and Marathon have thousands. I was not being negative, just pointing out how early in the stage of exploration this junior is. It is amazing how far they have advanced in terms of market cap and recognition. The future looks pretty golden in my opinion. By the way,I am fairly confident that  the core is split for assaying and half of that 23000 meters is sitting in their trays in the yard.

 


I don't think so bearcat. I was talking to the guy that actually splits the core. He is from the town of Botwood  which is the hometown of Mike Regular the NFG geologist. He said the drill core is sawed in half in a building on McCurdy Avenue just a few doors down from the old Noranda exploration office where the Rock Doctor and the guys worked back in the 70's and 80's. The core is stored in the main storage/logging facility also in Gander. So I highly doubt that they drive all the drill core into Gander and split it and drive it back out to the site in Appleton. That wouldn't make any sense at all. I saw some of the core out in that yard in the Appleton Industrial Park and it was unsplit core straight out of the hole. Unless something has changed in the last month which I highly doubt. I wouldn't bet my life on it but I would bet 1000 shares of NFG just for fun. Lol

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