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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 megacopperon Jan 10, 2023 8:26am
186 Views
Post# 35212923

RE:Press release

RE:Press release

Retiredgeo wrote: More of the same from Lotto North as they continue to follow the vein set.  The reported width of 5.3 m is misleading because most of the gold is in a 1.5 m interval, typical of the narrow veins of Lotto North.

The "Big Dave" showing is a boulder of very high grade float found on the surface in the fall of 2021.  Float boulers can be notoriously difficult to follow up on.  NFG plunked down many holes and still hasn't found the source.

 


Yes the Big Dave prospect drilling so far has been a disappointment but it was a bit of a long shot since they only had float samples as a guide. it's business as usual elsewhere on the property. Lotto continues to grow. I'm looking forward to seeing more drill results near the TCH, Keats West and first pass drill results on Queensway South could have some surprises for us. There is a lot of strike length along the Appleton and JBP Faults on Queensway South and the gold in soil anomalies were large in that region so I'm very optimistic of a new discovery towards the southern end of the property. Perhaps by April we will get to see some assays from Queensway South. Lots to look forward too from NFG and with an improving gold market there should be much brighter days ahead. 

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