New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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

New Found Gold Corp > Press release

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Post by Retiredgeoon May 25, 2023 7:08am

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Post# 35463173

Press release

Numerous companies drilled Appleton North before NFG sunk it's first hole there. NFG had a new geological interpretation and a horshoe up it's ***. Queensway South has seen scant historical attention. For a first pass/blind drill programme akin to poking holes around Appleton North blindly they had a lot of success and proved that Queensway south hosts the same type of gold mineralization as Queensway north.

It remains to be seen if they follow up on it or leave it to others,

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