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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 Aug 02, 2022 8:09am
298 Views
Post# 34865116

Press release

Press releaseThe Appleton fault, from north to south, is going to be full of these narrow gold veins, perhaps on both sides.  I was unimpressed with the grade of these veins (by NFG standards) but the strike length is impressive.  Even at 0.33 oz/t they have loosely defined 100,000 ozs in just one of these north-south veins, down to 125 m depth (that is >$200 million CAD gross metal value).

These are still ALS fire assay results.  Still no word on the Chrysos results.
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