New Buy recommendation, $20 targetHercules Investments Corporattion ( HIC ) has initiated coverage on New Found Gold Corporation. HIC has investment offices in Mykonos and Santorini Greece. Hercules has specialized in Junior Mining companies located in the Mediteranean Sea since early 2022 and is now considering opening a new office in Gander, Newfoundland Canada. HIC only hires retired Geologists, who for the most part are out of touch with reality. Hercules Investment's chief advisor is 85 year old Sotiri Papanikogastropoulos. His office is on the beach at Santorini. The HIC price target is based on the following information.
NFG Drill Results - Highlights
1. OCT 2,2020, 41.2 g/t over 4.75 m and 10.1 g/t over 13.8m at Lotto
2. OCT 27, 2020, 10:11 ET New Found Intercepts 22.3 g/t Au over 41.35m and 31.2 g/t Au over 18.85m in Step-Out Drilling at Keats Zone,
15 g/t over 18.35 m and 92.9 g/t over 19 m.
3. Nov 16, 2020 44.5 g/t over 6.85 m at Keats step out
4. DEC 15, 2020, 09:41 ET New Found Gold Intercepts 45.3 g/t Au over 13.1m and 25.0 g/t Au over 16.85m ,40.1 g/t over 4.1 m, step- out drilling at Keats.
5. JAN 11, 2021, 08:00 ET 50 Meter Step-Out Hole at Keats Intercepts Broad, Shallow, High-Grade Intervals: 22.5 g/t Au over 10.4m and 31.4 g/t Au over 15.9m
6. JAN 14, 2021, 08:00 ET New Found Intercepts 18.1 g/t Au over 6.5m including 38.7 g/t Over 2.95m in New "Sunday Zone" Discovery in the Appleton Fault Hanging Wall, 2 km North of Keats Zone
7. FEB 11, 2021,08:00 ET New Found Intercepts 28.4 g/t Au over 13.8m and 25.0 g/t Au over 10.3m
5.8 g/t over 19.8m and 19.3 g/t over 7.3 m, at Keats,
8. FEB 23, 2021, 07:45 ET New Found Intercepts 224.7 g/t Au over 2.45m at Lotto
9. MAR 01, 2021, 08:00 ET Keats Step-Out Returns 29.1 g/t Au over 11.4m, Extends High-Grade Zone to 250m Down Plunge
10. MAR 10, 2021, 08:00 ET New Found Intercepts 24.0g/t over 46.0m and 27.0g/t over 30.1m at Keats, also 25.8 g/t over 39.1 m
11. MAR 16, 2021, 08:00 ET Keats Step-Out Returns 61.8 g/t Au over 13.7m, Extends High-Grade Zone to 285m Down-Plunge also 22.7 g/t over 7.9 m
12. MAR 23, 2021, 07:30 ET New Found Intercepts 51.3 g/t Au over 3.20m and 53.3 g/t Au over 3.10m in Step-outs to Depth at Lotto
13. MAR 29, 2021, 07:30 ET Keats Infill Drilling Returns 37.2 g/t Au over 6.45m and 17.9 g/t Au over 8.45m
14. APR 07, 2021, 07:30 ET Keats Infill Drilling Returns 106.5 g/t Au over 9.15m and 45.6 g/t Au over 4.05m, 49.41 g/t over 2.95 m
15. APR 20, 2021, 07:45 ET Keats Infill Drilling Returns 261.3 g/t Au over 7.2m, Queensway Program Expanded to 10 Drills
16. APR 27, 2021, 07:45 ET New Found Intercepts 63.7 g/t Au over 8.45m and 16.9 g/t Au Over 2.5m in 50m Step-out to South at Keats
17. MAY 04, 2021, 07:30 ET New Found Intercepts 124.4 g/t Au Over 17.7m and 131.1 g/t Au over 4.65m at Keats
18. MAY 21, 2021, 14:53 ET New Found Intercepts 146.2 g/t Au over 25.6m in 65m step-out to South at Keats, Extends High-Grade Zone to 425m Down-Plunge
19. JUN 15, 2021, 04:30 ET New Found Intercepts 21.4 g/t Au over 8.05m and 14.9 g/t Au over 12.9m in 40m step-out at Keats, Extends High-Grade Zone to 465m Down-Plunge
20. JUN 23, 2021, 07:30 ET New Found Intercepts 150.3 g/t Au over 11.5m at Lotto
21. JUN 30, 2021, 07:30 ET New Found Intercepts 430.2 g/t Au Over 5.25m in New Discovery at Golden Joint Zone, 1km North of Keats
22. SEP 08, 2021, 07:30 ET New Found Intercepts 111.4 g/t Au over 2.65 m and 76.8 g/t Au over .80 m at Lotto Main Vein: Doubles the Vertical Depth to 200 m, also 19.3 g/t over 8.8 m
23. SEP 15, 2021, 07:30 ET New Found Intercepts 32.65 g/t gold over 7.05 m, 137.49 g/t gold over 2.0 m, 36.52 g/t gold over 3.00 m and 31.80 g/t gold over 4.85 m. also 104.59 over 2.2 m
24. SEP 23 1,131 g/t Au and 568 g/t Au Rock Samples at New 'Big Dave' Showing 2km North of Lotto, potential new zone.
25. SEP 30 64.94 g/t over 2.1m and 16.3 g/t over 4.5m at Golden Joint zone.
26. OCT 13 88.53 g/t Au over 3.35m Below Keats Main Zone
27. OCT 14 61.50 g/t over 5.78m, 63.92 g/t over 3.25m, 17.59 g.t over 6.5 at Keats
28, JAN 6, 2022 70.65 g/t over 5.25m. 35.1g/t over 2.1m at Golden Joint
39. JAN 13, 2022 56.69 g/t Au over 2.45m at Keats Foot Wall
31. JAN 19, 2022 98 g/t Au over 3.85 m at Golden Joint, extends Hi grade zone yo 305m vertical depth
32. JAN 26 2022 28.20 g/t Au Over 4.50m at Keats Footwall Zone, 145m Below the Keats Main Zone, First Results Using Chrysos PhotonassayTM Method
33. FEB 24 2022 62.3 g/t Au 0ver 2 m at Keats Main, 845m down plunge, 71.6 g.t Au over 2.15m, 28.16 over 5.25m, 43.78 g/t over 3.1m, 8.79 g/t over 8.25m and 14.29 g/t over 4.85m all at Keats Main.
34. MAR 2, 2022 47.82 g/t Au over 9.75 m, 55.61 g.t Au over 3.2 m, 10.06 g/t Au over 3.15 m and 13.65 g/t Au over 2.05 m at Keats main.
35. MAR 9, 2022 31.88 g/t Au over 2.05m, 65.35 gram meters at JBP
25.4 g/t Au over 2.25m, 57.15 gram meters at JBP
16.66 g/t Au over 2.80m, 46.65 gram meters at JBP
17.10 g/t Au over 2.05m, 35.05 gram meters at JBP
36. MAR 24, 2022 69.15 g/t Au over 14.15 m, 1384.08 gram meters combined highlights from 11 holes. At Golden Joint and Lotto.
37. APR 11. 2022 21.12 g/t Au over 7.20m, 79.81 g/t Au over 3.00m, 119.45 g/t over 2.40m, 7.21 g/t Au over 5.75m, 16.03 g/t over 2m & 6.6 g/t Au over 5.9m, including 31 other drill holes with remarkable Au content at Keats & Identifies New High-Grade Near Surface Mineralization
38. APR 13 2022 NFGC Hole 22-515 hits 9.21 g/t over 2.15m and 43.9 g/t over 3.85m. for a combined total of 188.79 gram meters, at new zone between Keats and Golden Joint.
39. MAY 04, 2022 NFGC Hole 22- 533 hits 275 g/t over 2.15m and NFGC Hole 22-533 hits 8.7 g/t over 6.75m, for a combined total of 649.97 gram meters, at a new area north of the Keats zone.
40. JUNE 6, 2022 NFGC Hole 22=593 hits 42.6 g/t over 11.75m and 9.12 g/t over 8.20m, Hole 21-448 hits 55.1 g/t over 5.10m and Hole 21-364A hits 56.3 g/t over 5.65m. at Keats Zone.
41. June 8, 2022 NFGC Hole 22-552 hits 89.3 g/t over 2.0m equating to 178.6 gram meters, at Lotto Tuesday zone.
The GGG here. who knows, HIC might actually know what they are doing?