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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 megacopperon Dec 15, 2021 6:01pm
246 Views
Post# 34234765

RE:Up date on news

RE:Up date on news

knoxt wrote: This new discovery interval of 88.53 g/t Au over 3.35m in NFGC-21-238 is located at an estimated vertical depth of 307m in the footwall of the Keats Baseline Fault and approximately 65m below the Keats Main Zone

now they have three drills on it . NICE .


Three of the nine drills are testing a variety of new and early-stage target areas along the AFZ including the southern and down-dip extensions of the Keats-Baseline Fault Zone, the region between the Keats Main Zone and the AFZ known as the Keats Footwall Zone, 

 

 


That was the intersection that got myself and the Rock Doctor all excited back in October. We celebrated that night and I think it continued into the next day. Lol It was the deepest high grade intersection that could possibly represent an entirely new zone or a major expansion of the Keats Main Zone at depth. These are fantastic intersections.


Whatever it turns out to be it is great news. It meant this discovery is going to be very special. But a month later everything was put on hold with this assay bias. Just a little bump in the road as we keep our eye on the main prize. For anyone that has followed the NFG story from the beginning knows we are still in the early stages of the discovery phase and there is a whole lot of upside to this one yet. It's big and it's rich!!!

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