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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 knoxton Oct 21, 2021 10:22am
167 Views
Post# 34032218

something I just seen

something I just seen

 

Jazz Resources drills 23.09 m of 31.58 g/t Au at Vila

 

2021-10-21 09:15 ET - News Release

 

Mr. Robert Klenk reports

JAZZ RESOURCES INTERSECTS ONE OUNCE VISIBLE GOLD (31.58 G/T) OVER 23 METER VEIN SYSTEM, VILA NOVA PROJECT, AMAPA STATE, BRAZIL

Jazz Resources Inc.'s drilling on the bedrock portion of the Vila Nova gold project, Amapa state, Brazil, has intersected veins totalling 23.09 metres grading 31.58 grams per tonne (one ounce per tonne) at a vertical depth of 74.47 metres in hole VN-3 (Cord. 0.4075N, 51.7359W). The intersection represents three quartz veins within a 37.78-metre interval that averages 19.3 g/t (0.62 oz) over the entire interval. True width of the unit is estimated at 80 per cent of downhole length in steeply dipping units that subcrop below the 20 metres of unconsolidated tailings and rubble from previous hand mining. Additional drill results will be reported when metallic screen assays are complete. The fire assays were conducted by GEOSOL-SGS Laboratories in Belo Horizonte, Brazil.

Nineteen holes were drilled over 2,000 metres. The foregoing results were derived from the results of five holes, and assays are pending on the remaining 14 holes. The reader is cautioned that, as assays have not been completed on the remaining holes, these results are selective and may not represent the values over the property in general. This press release was prepared by and approved by Dr. S.A. Jackson, PGeo, a qualified person under National Instrument 43-101 and an adviser to the company.

 
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