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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 Apr 04, 2023 7:21am
326 Views
Post# 35377928

Press release

Press releaseThe iceberg zone has become more complicated with a second vein set intersecting the first vein set at almost a right angle.  The holes are almost paralleling this second vein set and are creating very oblique intercepts at depth (3 and 4).  As QH begged in a recent Crescat viedo "please drill these things from different angles".

I count 44 pending holes at Iceberg and Keates.  Clearly, they've got gold coming out the yin yang.

The Appleton first order fault was the primary conduit for the gold bearing fluids.  The theory has always been that the gold deposits would be in the immediate vicinity of the AFZ.  Perhaps that theory has to be scrapped.  The Appleton-Baseline second order fault extends for kilometers away from the APZ.  They are hinting that entire ABF is becoming an exploration target.

More veins, more gold, more targets and the story continues ....  
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