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 > 25% asssay results in

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Post by itsjustme1on Jan 26, 2022 10:46pm

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Post# 34365348

25% asssay results in

Queensway 400,000m Drill Program Update

Approximately 34% of the planned 400,000m program at Queensway has been drilled to date with approximately 32,400m of the core with pending assay results. Ten core rigs are currently operating and New Found is pending an increase in the drill count to 14 rigs by the end of Q1 2022.

My math says 400,000m - 34% drilled = 136,000m
136,000m drilled - 32,400 pending = 103,600 known results. which is just over 25% of known results.
just under 75% of drill program to go.
Is my math correct?

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Rig Count Soars as Utilization Surpasses Industry Averages