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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 Retiredgeoon Jul 05, 2023 6:27pm
120 Views
Post# 35528210

RE:RE:RE:Retired Geo

RE:RE:RE:Retired GeoWildcat drilling/blind drilling/grid drilling are all versions of the same thing.  You are plunking down a hole with no known target and hoping for the best.  All of those evenly spaced holes on the map are grid holes.  Many of the holes scattered about the Queensway property were blind holes testing a theory.  I never said that they have employed wildcat drilling but they will have to along various stretches of Queensway south were there is no data of any kind.

If you knew geology or ore deposits you would know that "narrow vein deposits" is a geological classification into which these NFG gold veins fall.  The terms "spider veins"  and "waste rock" are geological/mining terms.  

I have never been negative about NFG but I am a realist and I shoot down unrealistic ideas like open pitting the entire AFZ corridor.  Like QH said "there will be many Fostervilles at Queensway".  Fosterville is an underground mine with a small open pit at the surface.

I can compare deposit types without advocating one deposit over another.  Queensway and Valley are two totally different deposit types.  Both will host very lucrative gold mines at about the same time and I am invested in both.

If you don't like this forum feel free to go back to your private chat room.



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