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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 likeikeon Oct 05, 2021 1:37pm
192 Views
Post# 33967733

RE:RE:RE:RE:RE:RE:Site Visit

RE:RE:RE:RE:RE:RE:Site VisitFrom Goldspot to explain

Every mineral exploration company is legally required to photograph drillcore as it is collected. These drillcores are later visually inspected by geologists, and characteristics of the core, such as lithology, alteration, and mineralization, are manually recorded in composite intervals.

Most deposits have accumulated – and continue to collect – thousands of core photos, most often stored on various servers and forgotten. Millions of dollars may have been spent collecting this overlooked information.

We extract untapped value from those existing core box photos by using deep learning to eliminate aspects of the image that are not rock, and clean and optimize the quality of the existing images. We then employ LithoLens to automatically recognize varying geological intervals – or specific features such as veins – within the core. Our process allows us to utilize existing images and extract relevant information that might have been missed through the core logging process.

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