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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 Kewl002on Sep 28, 2022 2:04pm
56 Views
Post# 34992826

RE:RE:RE:Exploits Acquires Claims in Vicinity of Recent Hi-Grade Gold

RE:RE:RE:Exploits Acquires Claims in Vicinity of Recent Hi-Grade Gold
RG - thank you for your insight!



Retiredgeo wrote: NFG's claims correspond to outcrock and float showings of gold obtained during their 2017-2021 exploration programmes (page 66 of the technical report).  For whatever reason they have never shown any interest in obtaining additional claims (perhaps they already have too much!).  According to their field surveys the mineralizaton gets stronger to the south, not to the north.

Exploits nearest claims to Keates West are a kilometer to the east, away from the Appleton fault.  NFG's field surveys indicated that it was barren ground.  Exploits did pick up a block north of Lotto which NFG was never interested in (swamp?).


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