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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

Post by Retiredgeoon Mar 09, 2022 6:45am
280 Views
Post# 34498338

Reconnaissance drilling on the JBP

Reconnaissance drilling on the JBPFor a second pass reconnaissance drill programme the results would thrill most gold exploration companies.  There is lots of gold in the JBP system.  It is now a hunt to find which splay faults the gold is hiding in.

NSV = No significant values

I'm guessing that there is very little outcrop in this area and everything is buried under till and swamp.  That makes finding targets that are only a few metres wide a challenge.  Many of the 51 holes were NSV duds but still they provide data on structure and where the gold veins/shear zones are not.  This is the first time that I have heard them refer to "shear zones".
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