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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 14, 2021 4:27pm
159 Views
Post# 34125142

RE:drilling deeper

RE:drilling deeperWell erieshore in my humble opinion they already have.

Inadvertently you have given a double entendre...at Fosterville they were already deep

(4 or 5 000 feet) before they encountered epizonal orogenic structures and QH had the

advice to drill straight down. They are now down 200 m from that point and still encuring

ore. At Keats NFG were hitting at 10 to 15 m from surface so when in one of their last 

releases they hit at 300 m they found a brand new ore body. This is deep.

If you listen to my brother Megagold he will tell you we will go 1000 m down from 

surface myself I believe from Noranda's drilling years ago it will peter out at 600m.

These structures are tricky to drill and in my book 300 is ahead of the game and you

should ask KL why they have not drilled deeper at Fosterville.

Regardless they are deep and have a lot more drilling to do because of it...a good 

problem to have.

Are we a great board because your name brings up one of the great lakes? IKE
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