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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 wajacon Aug 27, 2022 10:18am
268 Views
Post# 34924406

GoldSpot versus Hiseis technologies

GoldSpot versus Hiseis technologiesGoldspot's Litholens core imaging technology applies new machine learning techniques to old core photos and video. The result is new insights and recommendations for future drilling success. Seismic is not part of the Goldspot process. Hiseis on the other hand creates an underground image akin to a 'cat' scan or an MRI that shows in 3D imaging exactly what the underground looks like. From these images geologists have a much clearer view of where to drill for success.  So the two technologies are complementary not competitive.

Unlike Queensway North  most of Queensway South is virgin territory. Other than sampling I'm not aware of drilling in the area, so Goldspot technology would have limited application there.

It takes about 6 months to do a seismic survey at a cost of several hundred thousand dollars. 
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