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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 Gangstermeon Jun 17, 2023 9:40am
113 Views
Post# 35501641

RE:RE:RE:RE:Keats

RE:RE:RE:RE:Keats

I would assume that they have preliminary results back from some of the seismic work and that they started by doing seismic in areas that they have already have core analysis. 

These results will have allowed them to determine correlations and seismic results now being received from areas not yet drilled will soon be on their drilling schedule. Unfortunately, unless they are able to have these recent cores jump ahead in the analysis backlog it will be until September before actual results are back.

This likely means that come September, we will be getting information re the Seismic work and, at the same time core analysis results from holes drilled using preliminary seismic work.

Should my logic here turn out to be correct watch out as the price will move dramatically. Can not guarantee in which direction but I am betting it will be moving upwards.

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