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 > I thought NFG said last fall

<< Previous

Bullboard Posts

Next >>

Comment by megacopperon Jan 05, 2022 12:38pm

171 Views

Post# 34285665

RE:I thought NFG said last fall

goldstd69 wrote: to expect some assay results in a few weeks time...well it has been almost a few months time....hmmm...if you are in the business of exploring, drilling, and assays determine the life of the company then you would think this issue would have been handled a LOT better....hopefully, a lesson learned and 2020 (ooops that is the year our president thinks we are in) I mean 2022 will be a lot better...the investor/shareholders/owners deserve that much

The company said that assays should be reported in the coming weeks in the November 8th news release below so it has only been two months. Not really a big delay. And they have been trying to get things done in a timely manner however the drill core was held up in customs as Quinton Hennigh reported in one of the Crescat videos so that was the reason for the delay.

And the company gave us an update again in December saying it would be January before we would get assay results. Not exactly the end of the world. NFG shareholders are very lucky because in the middle of a pandemic NFG management have made a world class gold discovery and executed on everything they said they would in a timely manner. So we should consider ourselves very lucky. Just sayin

New Found Initiates Use of Chrysos PhotonAssay(TM) Method for Queensway Drilling, Anticipates Reporting First Assay Results Shortly

V.NFG | November 8, 2021

New Found Gold Corp. (“New Found” or the “Company”) (TSXV: NFG, NYSE American: NFGC) is pleased to provide an update on fieldwork and reporting of drill results from its 100%-owned Queensway Project (“Queensway”), located on the Trans-Canada Highway 15km west of Gander, Newfoundland.

New Found is pleased to report that it is proceeding immediately with assaying of drill whole-core samples from its Queensway Project utilizing the Chrysos PhotonAssay™ method at Intertek’s facilities in Perth, Western Australia. Novo Resources Corp. (TSX; NVO) ("Novo") a significant shareholder of New Found currently utilizes Intertek’s Chrysos PhotonAssay™ facilities in Perth for production and exploration samples from their Western Australian gold mining and exploration projects and is facilitating priority access for New Found to the Intertek facilities under Novo's arrangement with Intertek.1
The Company is planning to send the first shipment of Queensway drill core from Gander this coming week, including intervals from recent drilling that were previously designated for conventional assay on a rush basis. Assay results from these samples are anticipated to be received and reported in the coming weeks.