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.

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New Found Gold Corp

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Post by likeikeon Jan 13, 2022 8:50pm

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Post# 34315246

ceo

@lexcon the drills are what, 2.5 inches in diameter or something close? the drills collars are spaced 10-20-50 meters apart. So you have 2 inch pin holes in a large plane, intersecting the plane 20-50 meters apart. They are proving the gold is there and has continuity. It doesnt make a load of difference which half of each core had a larger or smaller grade in the assay on the big picture. When they take all the assays and give them to an independent 3rd party to calculate a resource the cut off grade will be somewhere at a value less than either half....it will have jack

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