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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 TheGreekGoldGuyon Aug 10, 2023 1:58pm
209 Views
Post# 35582198

There is nothing complicated in mining the Keats main zone

There is nothing complicated in mining the Keats main zoneMost of trhese holes have been drilled at the Keats main zone, along with near 100 other Bonaza grade holes  in this zone. If you check the New Found Gold website, you can find graphics, indicating that the main Keats is about 800 meters long. You can also find that most of these holes are very shallow, with most intervals starting near the surface. While the overall system at Queensway Nortrh may contain a complicated network of various sized intervals, there is nothing complicated about an open pit retrieva ofl the  high grade gold ore intervals at the Keats Main zone. Itr looks like a similar situation is developing at the Iceebrg zone, where NFG has barely started to drill. Do  not be fooled by the misleading posts on this board. Eventually there could be several open pit mines retrieving  NFG's shallow and extremely high grade gold. Also, do not be misled by frivilous comparisons of NFG to the project at Marathon Gold. 

GGG here, anxiously awaiting the Sewismic Survey graphics and followip confirmation drilling.

  • Highlights from Keats drilling to date includes:
  •  
    • 124.44g/t over 17.7m from 71.75m in hole NFGC-20-59
    • 75.21g/t over 23.5m from 95.00m in hole NFGC-19-01
    • 190.22g/t over 9.9m from 68.8m in hole NFGC-21-137
    • 65.27g/t over 15.95m from 33.65m in hole NFGC-21-122
    • 49.19g/t over 17.05m from 93.65m in hole NFGC-20-23 

105 g/t Au over 27.05m1

Iceberg

Jun 5, 2023

49.7 g/t Au over 29.90m1

Iceberg

Mar 13, 2023

42.6 g/t Au over 32.00m3

Keats West

Nov 28, 2022

430 g/t Au over 5.25m2

Golden Joint

Jun 30, 2021

150 g/t Au over 11.50m1

Lotto Main

Jun 23, 2021

106 g/t Au over 35.40m3

Keats Main

May 21, 2021

124 g/t Au over 17.70m2

Keats Main

May 4, 2021

261 g/t Au over 7.20m3

Keats Main

Apr 20, 2021

69.2 g/t Au over 14.90m1

Keats Main

Apr 7, 2021

86.2 g/t Au over 20.50m2

Keats Main

Jan 28, 2020


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