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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 TheGreekGoldGuyon Jun 10, 2022 11:12am
117 Views
Post# 34747105

RE:RE:RE:RE:trigger

RE:RE:RE:RE:trigger Megacopper,   

The lead analyst at HIC,  Papanikogastropoulos just told the GGG, that he thought your gold estimates for NFG were too conservative. He said the recently reported  Hole, NFGC 22-593 by itself could have over 200,000 ozs. Rem,ember, this is the first hole that NFG estimated the strike length and width. At todays gold prices, that one hole alone could produce over $400,000,000 dollars working  capital,  right near the surface. 

  • "A gap in the drilling at the north end of the Keats Main Zone in a structurally complex portion of the near surface extents of the Keats-Baseline Fault Zone (KBFZ) was recently tested with NFGC-22-593 which returned 9.12 g/t Au over 8.20m and 42.6 g/t Au over 11.75m, beginning at 8.8m down hole. This intercept extends the high-grade gold mineralization to surface in this area and indicates that there is a wide domain of high-grade gold veining immediately below the overburden; current modelling suggests that this thickened segment is approximately 125m in strike length and 35m wide "
The GGG here, there are a lot of monster holes at the Keats zone and it's getting bigger with just about every new hole. We don't know the strike lengths and widths for all the other holes. 

 
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