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New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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

New Found Gold Corp

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Post by Maratimeron Dec 08, 2021 1:28pm

189 Views

Post# 34211212

Chrysos Photon Assay method indicates higher gold

Content on 85% of samples submitted by Benz Mining.

for those of you who have not seen this yet

Benz Mining: PhotonAssay Delivers Increase in Reported Gold and Confirms Coarse Gold

V.BZ | November 3, 2021

HIGHLIGHTS

PhotonAssay analysis of 18,143 samples (from 8,500kg of coarse crushed rejects) from the 2020 drilling campaign identifies more high-grade gold Eastmain Gold Project
Results include
- 39% increase in the number of reportable intercepts (>0.2g/t Au) from 84 to 117
- 80% increase in the number of high-grade intercepts (>8g/t Au) from 5 to 9
- 85% of reportable samples returned higher gold value by PhotonAssay
Exclusivity agreement executed with MSA laboratories which will see the first PhotonAssay facility in North America
The agreement will enable Benz to assay 20,000 samples per month, resulting in much faster turnaround and better gold detection
Additional 7,500kg of coarse crushed material from the 2021 drilling campaign has arrived for PhotonAssay in Perth