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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 Nov 05, 2021 12:41pm
162 Views
Post# 34092697

RE:Not an Issue

RE:Not an IssueThe bias in the core assays is not significant. The cores are split. Each lab had a half.  Each half is not going to be exactly the same. It is not an issue. It is distracting from this statement in the notice:

"Recognizing the nuggety nature of gold mineralization at Queensway, for the last several months ..."

This tells you there is visible gold in the core samples that have not been assayed yet.

Pay attention. When there is visible gold that is significant.



NO GEEZER you are in great error. Look at TRU and the beautiful

pics of visible gold they had in their announcement yesterday.

Stock is down today and for good reason. Just because you have

visible gold does not meant anything until the assays are done.

As well the nuggety nature is the big deal that can really mess 

up assay results. NVO for years has struggled quantifying a lot

of their assets because of the extreme nuggety nature in the 

Nulagine can really mess up reliable assays no matter what 

methodology is used.

VG can be significant especially if their is a lot but it is still only

regarded as an indicator in most cases that you might have 

something significant. IKE



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