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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 AlwaysLong683on Jan 28, 2022 9:30pm
203 Views
Post# 34373740

RE:RE:RE:RE:RE:RE:RE:Updated drill results list

RE:RE:RE:RE:RE:RE:RE:Updated drill results listMal, fair point re. NFG likely not releasing a significant portion (majority?) of drill results. I think GBR set the standard for disclosure of core results, and I agree that more, not less, is preferred.

I'm not sure how accurately you could predict the size of the deposit even if all assay results were revealed to date - I don't think a maiden mineral resource estimate is in the cards for a while as I suspect a considerable amount of additional drilling will take place over the next number of months.

megacopper would be the one to ask where the drills are located as I believe he's stated he lives in the Gander area and takes periodic trips out to the sites, and my understanding of his reporting is that almost all of the drills are presently turning at the Keats / Golden Joint / Lotto zones. Not sure if any are down at Queensway South. I like the idea of focusing on these three zones and drilling the heck out of them before moving on to other locations (though I think mega has stated they do have one turning along the JBP Fault at Queensway North, but I think they've likely pulled blanks there as I don't recall any assay results being published from that area....?). Queensway South is a lot bigger in terms of land area and fault line than Queensway North and apparently has some promising prospects in the southern portion of that leg of Queensway, so that's a wait-and-see proposition, though the Appleton Fault line is so long on that portion of the land package that, like I said, I think the probability of finding a jewel box along that fault is better than 50%.
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